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SOC 2 compliance for Indian service providers is an attestation, not a certificate, signed by a licensed CPA firm, with security as the only mandatory category
Article 2 can apply to Indian firms without an EU office if they place AI systems on the EU market or their output is used in the Union. July 2026 brought new compliance deadlines.
Double-entry bookkeeping records every transaction twice, as a
matching debit and credit. Worked entries, a trial balance that
ties, and the errors it misses
Nonprofit fund accounting tracks money by donor restriction, not owner. US GAAP uses two net-asset classes, and a remote bookkeeper keeps each fund clean.
SaaS accounting books subscription cash as deferred revenue, then recognises it monthly under ASC 606. MRR is the run rate; burn rate is the cash the startup spends
Run the month-end close in order: set the cutoff, reconcile every account, post accruals, review the statements, then lock the period. Clean files close in days
GDPR Article 30 requires controllers and processors to keep a written record of processing activities. The under-250-employee exemption rarely applies in practice