AP | AR | R2R | AuditsTransform F&A operations.
AP without the bottlenecks:Smarter, faster payables processing.
Faster closes, better decision-making.
Verified, accurate, compliant inventory.
Payroll done right, easily, globally.
India’s White-Collar, Blue-Collar, GIG, & Multi-Country Payroll. Specialists no errors! No delays!
India’s Labour, Industrial, Employment & Vendor Compliance specialists.
Proven, Trusted, Proactive Payroll Compliance – without the hassle.
Risk-Proof your vendor network. Ensure Full Compliance.
Expert-Led Labour Law Compliance Services. Stay protected, stay ahead.
Discover how we supercharge your business growth. Select an objective and get all the details.
The F&A software suite that combines intelligence and automation.
End-to-End, touchless AP processing: Designed by experts, perfected with AI.
Every expense, every location – under control.
Multi-Location lease management, simplified for the most complex portfolios.
Integrated HR technologies streamlining your complete employee lifecycle while ensuring efficiency, compliance, and exceptional workforce experiences.
The most comprehensive HR self-service solution money can buy.
The future of Payroll is here.
Specialised staffing solutions built for scale and speed.
Achieve operational agility, access in-demand skills, and stay compliant.
Navigating uncertain demand, controlling costs, and ensuring compliance.
Global expansion made simple, compliant, and cost-effective.
Expand into multiple countries overnight and automate your back office with MYND International.
Malaysia’s unified HR & Finance ecosystem—end-to-end services that enable you to scale across ASEAN.
Your integrated back-office ecosystem for Middle Eastern transformation.
AP automation that works—AI-driven, faster, accurate, and built to turn AP into a profit driver.
Complete Back-Office Management for Stores that Simplifies Store Operations.
Enterprise, MYNDX, International and Staffing – Multiple MYND brands, one integrated ecosystem.
Our managed services business providing end-to-end F&A, Compliance and HR solutions.
Intelligent automation to power the back-office.
Learn More about what are Managed Services and how they can help your business grow faster in a sustainable manner
Everything you need to know about MYND’s infosec and trust best practices in one place.
Explore our comprehensive collection of terms and definitions
GSTR-3B (GST Monthly Return) GSTR-3B is a self-declared, summarized monthly return filed by registered taxpayers under the Goods and Services…
House Rent Allowance (HRA): Understanding a Key Employee Benefit The House Rent Allowance (HRA) is a component of an employee's…
Human Resources Outsourcing (HRO) Human Resources Outsourcing (HRO) refers to the practice of delegating specific human resources (HR) functions or…
HSN Code (Harmonized System of Nomenclature) The Harmonized System of Nomenclature (HSN) code , often referred to simply as the…
ICAI (Institute of Chartered Accountants of India) The Institute of Chartered Accountants of India (ICAI) is a statutory body established…
ICMAI: The Guardians of Cost Management The Institute of Cost Accountants of India (ICMAI), formerly known as The Institute of…
ICSI: The Guardians of Corporate Governance The Institute of Company Secretaries of India (ICSI) is a premier statutory professional body…
IGST (Integrated Goods and Services Tax) The Integrated Goods and Services Tax (IGST) is a crucial component of India's Goods…
Impairment Testing: Safeguarding Asset Value Impairment testing is a critical accounting and financial process used to determine if the carrying…
INC-22: The Cornerstone of Your Business's Legal Address The term "INC-22 (Registered Office Address)" refers to the official physical address…
Incentive Scheme An incentive scheme is a structured plan designed to motivate individuals or groups within an organization to achieve…
Income Tax Act, 1961: The Cornerstone of India's Direct Taxation The Income Tax Act, 1961 (often abbreviated as the IT…
Understanding Income Tax Deductions: Reducing Your Taxable Burden An income tax deduction is an expense that a taxpayer is legally…
Income Tax Filing Income tax filing refers to the formal process by which individuals and entities report their earnings, calculate…
Ind AS (Indian Accounting Standards) Ind AS (Indian Accounting Standards) are a set of accounting principles and guidelines issued by…
Understanding Ind AS 1: A Foundational Overview Ind AS 1, "Presentation of Financial Statements," is a cornerstone of the Indian…
What is Ind AS 10? Ind AS 10, also known as 'Events After the Reporting Period', is an Indian Accounting…
Understanding Ind AS 101: A Foundational Standard for Indian Accounting Ind AS 101, "First-time Adoption of Indian Accounting Standards," is…
Understanding the Core: What is Ind AS 102? Ind AS 102, also known as "Share-based Payment," is an Indian Accounting…
A Deep Dive into Ind AS 103: Accounting for Business Combinations Ind AS 103, Business Combinations , is an Indian…
What is Ind AS 104? A Core Definition Ind AS 104, formally known as "Insurance Contracts," is one of the…
Ind AS 105: Non-Current Assets Held for Sale and Discontinued Operations Ind AS 105: At a Glance Ind AS 105…
Important Note: As of the latest available information, there is no formally designated Indian Accounting Standard (Ind AS) officially numbered…
What is Ind AS 107: A Quick Overview Ind AS 107, an Indian Accounting Standard titled 'Financial Instruments: Disclosures', is…
Introducing Ind AS 108: Operating Segments Ind AS 108, also known as "Operating Segments," is an Indian Accounting Standard that…
Unpacking Ind AS 109: A Comprehensive Guide to Financial Instruments Reporting Ind AS 109 Financial Instruments is a cornerstone of…
Ind AS 11, 'Construction Contracts,' was an Indian Accounting Standard that provided guidance on the accounting treatment of revenue and…
What is Ind AS 110? A Quick Overview Ind AS 110, "Consolidated Financial Statements," is an Indian Accounting Standard that…
Unpacking Ind AS 111: A Foundational Overview Ind AS 111, Joint Arrangements , is an Indian Accounting Standard that prescribes…
Understanding Ind AS 112: Disclosure of Interests in Other Entities Ind AS 112, an essential Indian Accounting Standard, provides comprehensive…
Understanding Ind AS 113: Fair Value Measurement in Indian Accounting Ind AS 113, Fair Value Measurement , is a crucial…
Understanding Ind AS 114: A Guide to Rate-Regulated Accounting Ind AS 114, Regulatory Deferral Accounts , is a specific Indian…
Understanding Ind AS 115: A Core Definition Ind AS 115, "Revenue from Contracts with Customers," is the Indian Accounting Standard…
Understanding Ind AS 116: The Lease Accounting Game Changer Ind AS 116, Leases , is an Indian Accounting Standard that…
Understanding Ind AS 12: A Deep Dive into Income Tax Accounting Ind AS 12, or Indian Accounting Standard 12, deals…
Understanding Ind AS 16: The Core Definition Ind AS 16, Property, Plant and Equipment , is an Indian Accounting Standard…
Understanding Ind AS 19: A Core Definition Ind AS 19, or Indian Accounting Standard 19, is a crucial accounting standard…
What is Ind AS 2: A Foundation for Inventory Reporting Ind AS 2, Inventories , is an Indian Accounting Standard…
What is Ind AS 20? Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance , is an…
Understanding Ind AS 7: The Statement of Cash Flows Ind AS 7, "Statement of Cash Flows," is an Indian Accounting…
Understanding Ind AS 8: Accounting Policies, Changes in Accounting Estimates and Errors Ind AS 8 , formally known as "Accounting…
Understanding the Industrial Relations Code, 2020: A Comprehensive Overview The Industrial Relations Code, 2020 (IRC 2020) is one of four…
Input Tax Credit (ITC) Input Tax Credit (ITC) is a mechanism within indirect tax systems, most notably the Goods and…
Inter-company Reconciliation: Ensuring Financial Harmony Across Related Entities Inter-company reconciliation is a critical accounting process that in...
Internal Audit: An Independent Appraisal of Operations Internal audit is an independent, objective assurance and consulting activity designed to add…
Internal Control Testing Internal Control Testing refers to the systematic evaluation and examination of a company's internal control system to…
Inventory Valuation Inventory valuation refers to the accounting methods used by businesses to assign a monetary value to their inventory.…
Investment Declaration An Investment Declaration is a formal statement, typically submitted by an individual or an organization, outlining their curre...
Invoice Automation: Streamlining Your Financial Workflows Invoice automation refers to the use of technology and software to automate the entire…
Invoice Processing Invoice processing, also known as accounts payable (AP) processing, is the business function that manages the end-to-end lifecycle…
Income Tax Appellate Tribunal (ITAT) The Income Tax Appellate Tribunal (ITAT), often referred to as the "Second Appellate Authority" under…
ITR-1 (Sahaj): Simplifying Income Tax Filing for Individuals ITR-1 (Sahaj) is the simplified Income Tax Return (ITR) form prescribed by…
Income Tax Return Forms (ITR-2, ITR-3, ITR-4): A Comprehensive Guide Understanding Your Tax Obligations: What are ITR-2, ITR-3, and ITR-4?…
Income Tax Return Forms (ITR-5, ITR-6, ITR-7): A Comprehensive Guide for Businesses This entry provides a detailed explanation of Income…
Joining Bonus A joining bonus , also known as a signing bonus or a sign-on bonus, is a one-time payment…
Journal Entries: The Foundation of Financial Recording In the realm of accounting and finance, journal entries serve as the fundamental…
Know Your Customer (KYC) Know Your Customer (KYC) is a mandatory process that businesses, particularly those in regulated industries like…
What Are Key Performance Indicators (KPIs)? A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a…
Knowledge Process Outsourcing (KPO) Knowledge Process Outsourcing (KPO) is a business model where a company contracts out specific knowledge-intensive...
Understanding the Labour Welfare Fund (LWF) The Labour Welfare Fund (LWF) is a statutory fund established by various state governments…
Leave Encashment: Understanding Your Unused Time Off Leave encashment , also known as leave surrender or leave encashment of earned…
Leave Management Leave Management , also known as absence management, refers to the systematic process by which an organization tracks,…
Ledger Posting In accounting, ledger posting refers to the process of transferring financial transaction information from a journal to the…
LIFO (Last-In, First-Out): Understanding Inventory Valuation and Costing LIFO, an acronym for "Last-In, First-Out," is an inventory costing method use...
Loan Deduction A loan deduction , in a business context, refers to any amount subtracted from a company's revenue or…
Understanding the LWF Deduction: A Comprehensive Guide The LWF Deduction, an acronym for Labour Welfare Fund Deduction , is a…
Management Accounting Management accounting , also known as managerial accounting, is a subset of accounting that provides financial and non-financial...
Management Accounts Management accounts , also known as internal accounts or performance reports, are financial reports generated by a business…
Market Mapping: Understanding Your Business Landscape Market mapping is a strategic business practice that involves visually representing and analyzin...
Ministry of Corporate Affairs (MCA) The Ministry of Corporate Affairs (MCA) is a government ministry of the Republic of India…
Medical Allowance: Understanding Employee Health Benefits A Medical Allowance , often referred to as a health allowance or medical benefit,…
Mergers and Acquisitions (M&A) Mergers and Acquisitions (M&A) refer to the consolidation of companies or their assets through various financial…
MGT-7 (Annual Return): A Comprehensive Overview MGT-7 is a crucial form prescribed under the Companies Act, 2013, in India, requiring…
Management Information System (MIS) A Management Information System (MIS) is a computer-based system used by organizations to collect, process, store,...
Month-End Close The Month-End Close , often referred to as the period-end close or accounting close, is a critical accounting…
Net Salary Net salary , also known as take-home pay or net income, refers to the amount of money an…
National Financial Reporting Authority (NFRA) The National Financial Reporting Authority (NFRA) is an independent regulatory body established in India...
Notice Under Section 143(1) of the Income-tax Act, 1961 A Notice under Section 143(1) of the Income-tax Act, 1961 (India)…
Notice Under Section 148: Unveiling Tax Reassessment Procedures A Notice under Section 148 of the Income Tax Act, 1961 (India)…
Order to Cash (O2C) Order to Cash (O2C) , also known as Order-to-Payment, is a fundamental business process that encompasses…
The Occupational Safety, Health and Working Conditions Code, 2020: A Comprehensive Overview Defining the Code: A Snapshot The Occupational Safety,…
Optical Character Recognition (OCR) Optical Character Recognition (OCR) is a technology that converts different types of documents containing text—suc...
Outsourcing Agreement An Outsourcing Agreement , also known as a service level agreement (SLA) when it pertains to the performance…
Overtime Calculation: Ensuring Fair Compensation for Extra Work Overtime calculation refers to the process of determining the additional pay owed…
Profit and Loss Statement (P&L) The Profit and Loss statement (P&L) , also known as the Income Statement, is a…
Procure-to-Pay (P2P): Streamlining the Business Buying Process Procure-to-Pay (P2P) is an end-to-end business process that encompasses all activities ...
Paid Leave Paid leave is an employment benefit that allows an employee to be absent from work for a specified…
PAN (Permanent Account Number) The Permanent Account Number (PAN) is a unique ten-digit alphanumeric identifier issued by the Income Tax…
Pay Band A pay band , also known as a salary band or pay grade, is a predefined range of…
Pay Cycle A pay cycle , also known as a payroll cycle or pay period, is the recurring interval of…
Pay Scale: Understanding Compensation Structures A pay scale , also known as a salary scale or pay grade, is a…
The Payment of Gratuity Act, 1972 provides a lump-sum financial benefit to employees who complete five or more years of…
Payment of Wages Act, 1936: Ensuring Fair and Timely Employee Compensation The Payment of Wages Act, 1936 (PoWA) is a…
Payroll Accounting: Ensuring Accurate Employee Compensation and Compliance Payroll accounting is the systematic process of tracking, recording, and re...
Payroll Calendar A Payroll Calendar , also known as a payroll schedule or payroll processing calendar, is a meticulously planned…
Payroll Outsourcing Payroll outsourcing, also known as payroll processing outsourcing or Business Process Outsourcing (BPO) for payroll, refers to the...
Payroll Processing: Ensuring Your Workforce Gets Paid Accurately and On Time Payroll processing is the administrative and computational procedure by…
Payroll Reconciliation: Ensuring Accuracy and Compliance Payroll reconciliation is a critical accounting process that involves comparing and verifying...
Payslip Generation Payslip generation, also commonly referred to as payroll processing or salary slip generation, is the systematic and automated…
Performance Bonus A performance bonus is a type of variable pay awarded to an employee, team, or department in recognition…
