Gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2015
sir
regarding provision for gratuity and leave benefit
i want to know while creating file in tally
gratuity which account head indirect expenses or not
regarding provision for gratuity and leave benefit
i want to know while creating file in tally
gratuity which account head indirect expenses or not
04 February 2015
As per me it should b recorded as deposits under liability. Coz, the Employer has to pay Gratuity to the employees after termination of his/her services with the employer.
And if u r asking about payment of gratuity to the employee, then it should b recorded as expenses(Indirect).
And if u r asking about payment of gratuity to the employee, then it should b recorded as expenses(Indirect).
04 February 2015
For software companies, gratuity expense can be a direct expense. Just check the nature of business to define if this is a direct expense or indirect expense.
04 February 2015
HI,
THERE WILL BE TWO LEDGER YOU NEED TO CREATE
1. PROVISION FOR GRATUITY ( LONG TERM LIABILITIES AND PROVISION)
2. GRATUITY EXPENSES ( GROUPED UNDER PAYROLL EXPENSES)
THANKS
DEVEN
THERE WILL BE TWO LEDGER YOU NEED TO CREATE
1. PROVISION FOR GRATUITY ( LONG TERM LIABILITIES AND PROVISION)
2. GRATUITY EXPENSES ( GROUPED UNDER PAYROLL EXPENSES)
THANKS
DEVEN
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