Accounts finalization

Gadhi (Accountant) (41 Points)

04 November 2012

Hi,

Can any one help me how to do the Accounts finalisation and how to close the PF,ESI,TDS Accounts as an Accountant by the end of the every month.

Thanks and Regards,

Linga

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Ki$hor B (Training & Advisory) (3015 Points)
Replied 04 November 2012

PF, ESIC & TDS are either paid or carried forward to the following period.

I think finalisation couldnot be explained on a forum.

However, try starting with Ledger Scrutiny, then pass entries for Provisions and Prepaid expenses.

Check the applicability of Accounting Standards.

The list is endless.

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