MCA Notification Regarding Audit Trail in Accounting Software

HR
The law The Ministry of Corporate Affairs (MCA) recently issued a notification regarding enforcement of Gazette Notification No. GSR 205 (E) dated 24th March 2021 - Amendment to Rule 3(1) of Companies (Accounts) Rules 2014 which seeks to bring a host of reforms and improvements in the way businesses operate in India. The following sections of the notification concern small and medium businesses and software providers like us and need to be noted carefully. A provision to Rule 3 (1) of the Companies (Accounts) Rules, 2014 reads, ‚ÄúProvided that for the financial year commencing on or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall only use a software that has a feature for¬†recording audit trail of each and every transaction, creating…
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What is HRMS Software or HCM Software?

What is HRMS Software or HCM Software?

HR
Human Resource software, also known as a Human Resources Information System (HRIS), Human Capital Management Software HCM, People Management Software or Human Resources Management System (HRMS), helps organizations to manage employee records and information in a simplified manner. HRMS Software is a tool which is used to digitize the process of your HR Department. Effective human resources software integrates recruitment management, employee onboarding, people management, Performance Management, Training, Time and attendance management, Tracking of Leave Records, Time Sheet Management, Payroll, and strategic human information system. By implementing HRMS Software HR Department can eliminate various Excel Data Sheets and other manual tasks. Benefits of Using HRMS Software. HRMS helps you to improve the efficiency of the HR Department.HRMS helps you to improve Employee Experience.HRMS generates various analytics and MIS to take…
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