Abdul Razak (Accountant) (95 Points)
08 March 2017Hi Everyone,
We have recently started real estate business & just know about how to maintain accounts in tally.
Besides We are required leader heads & how to maintain P & L Acoount.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 08 March 2017
Tally is not prefered software for Real Estate Accounting in the sense lot of exel tools are required since your revenue recognition takes palace after fulfillment of certain criteria even valuvation of WIP also you need to have exel it is just suited for getting your financials on time just go for customised software if you could spend some money on the same
Abdul Razak
(Accountant)
(95 Points)
Replied 08 March 2017
Thanks Sir
But could you send P & L Account & Balance Sheet Items of Real Estate.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 09 March 2017
Download some annual reports of Real estate from web to know the account codes used by them
santosh
(Accountant)
(34 Points)
Replied 29 May 2018
Dear Sir,
i want know what are the items shown in gst return upper from actual purchase for example
sand, khadi, labour etc. and what are rules for labour charges in gst and shall get input credit on labour charges paid and shall we declare labour charges in gstr-3B and if so in which column
kindly guide me to maintain account of real estate
CAclubindia
