Vouchers maintenance

Page no : 2

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 23 June 2022

Excel is never been a good suggestion for accounting pupose.

1 Like

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 24 June 2022

For small businesses who choose for 44AD/44ADA , voucher maintenance is not required.

Just invoices data is sufficient and which can be maintained in electronic form

prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 24 June 2022

If you see ITR4, information like , Sundry creditors, sundry debtors, inventory, and Cash and equivalent are mandatory . (In Shedule Business and profession E15, E19,E20,E22) .

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 24 June 2022

Outstandings can be traced from ledger in excel i

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 24 June 2022

Not possible for calculating every ledger and details through excel

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 24 June 2022

For 44ADA cases excel is sufficient

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 24 June 2022

Not at all

prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 25 June 2022

Ok,but what about Cash and equivalent ( Cash transactions) are also mandatory in ITR4 . You have to maintain Vouchers.

1 Like

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 25 June 2022

Bank Balance can be obtained from Bank Statement and which is available in electronic mode and pdf can be downloaded.

Cash Book in excel is available