Provision entry

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2012 pl. let me know if Recruitment agency provided service on 15th jan 2012 & his fees is due only after 3 month ie.15th April 2012.

Then entry should be passed in March 2012 of it can be taken on 1 st april 2012

Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2012 pl. reply anyone
date of bill is 15 th Jan 2012.
my understanding as service is received in financial period hence provision to be made pl. clarify.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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07 March 2012 What is the bill date? Entry will be passed on the bill date.

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Mihir Doshi

Mihir Doshi (Expert)
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07 March 2012 Dear,

Any contract is there with the Recruitment agency whereby they raise the invoice after certain period of time or what?? Also check whether in bill they have mentioned any portion with respect to January, February and March month.

Thanks
Mihir Doshi

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2012 if employee joins in mid of the year say in the month of jan 2012then should i ask for his previous income for TDS points of view.
or
i should consider only jan 2012 onwords for tds purpose.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 March 2012 You should obtain a declaration from the employee regarding the income earned from the previous employer and tax deducted by the previous employer.

The same should be considered for calculating TDS on salary.

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2012 Since i am in hotel industry, for Mobile bill should i book Purchase Voucher & then Make Payment voucher
or
directly Payment voucher. What will be the best option?

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2012 Web design cost will be book under which
expense head?
will it be booked under Professional fees or Web cost or elsepl. lets me knwo.

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 March 2012 For mobile bill, you should first book the expense through a journal voucher and then book a payment voucher.

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2012 I am sitting in Head office. how can i manage 10 location do i need to open location wise company in system to account their expenses & income.
what is the best i am working tally erp 9

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2012 i am entitle for medical reimbursement against bill. can i produce bill of my wife's name. will it work.