ADDA provides a very unique feature called “BUZZAR”, which helps you to locate all the nearby vendors in your locality. Buzzar – List of Local Vendors and Freelancers, Neighbourhood Classifieds, List of Trusted Vendors for Home cleaning, Laundry, Pest Control & 100+ home services. Check out our Extensive List of Home . . . Read more
If provisions is passed through Journal Entry then entry will be(Payment is not made) – Debit Credit Provision for expense A/c Expense A/c To Pass Journal entry, login to Admin Dashboard>>>General Ledger>>Journal Entries. If provisions is passed through Journal Entry then entry will be(Half payment is done) – Suppose you had . . . Read more
Please follow the steps below to create provision for this year : Expense Tracker >> By Vendors >> Pass invoice entries as per provisional figures as on 31st March. This all will be shown as a payable in the report# 6. Outstanding Payments – By Expense Head
These reports are available in General Ledger >> Reports >> report# 2. Receivable – Members and 5. Advance – Members.
Please follow the steps below to get Fixed deposit module from ADDA itself : Login to Admin Dashboard>> Bank & Cash >> Fixed Deposits >> You can add your all activate fixed deposit and this can used to prepare Fixed deposit module at the time finalization of accounts. Since many factors . . . Read more
Check the opening balances , Receipts and Payments for the particular period if the balances do not match break the period and check if the differences are arising after that break period or before on basis of this we will be able to ascertain the difference and then correct the . . . Read more
A bank reconciliation is the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate. . . . Read more
Though Input GST is a liability, it will not reflect in liability if there is no output GST , the input GST will be treated as expenses and moved to expenses. Note :This is only a suggestion. For Audit related Accounting clarifications, please consult your auditor.
Tax Deducted at Source or TDS is a means of collecting income tax in India. The provisions related to TDS are governed by the Income Tax Act of 1961. The law states that any permissible payment shall be paid after deducting prescribed percentage as tax – usually over a range . . . Read more
The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government. In . . . Read more