The document provides guidance to branch accountants at B2X India on using the Tally accounting software. It outlines procedures for entering sales, purchase, expense and payment transactions in Tally based on source documents from the GSPN and GSX systems. Accountants are instructed to enter inventory details for all transactions and generate weekly stock reports to submit to head office for reconciliation with physical quantities.
This document provides instructions for creating, changing, displaying, and assigning internal orders and internal order groups in SAP. It also provides instructions for posting original budgets, budget supplements, and budget returns to internal orders. Key points include:
- Internal orders track expenses and revenues for specific projects or activities, while order groups organize related internal orders.
- Steps are provided for creating, changing, and displaying internal orders and order groups, as well as assigning internal orders to order groups.
- Budgeting can be posted to internal orders to track spending versus planned budgets for specific functions or programs over time.
- Instructions are given for posting original budgets, budget supplements, and budget returns to internal orders in SAP
CRM systems help companies manage relationships with customers. They involve using technology to organize sales, marketing, customer service, and support. CRM systems store customer data, enable accessing it across departments, and allow personalized communications. The document then describes a billing system called PSS Billing that provides CRM functions for companies like inventory management, purchase order generation, and reporting. It requires software installations and enables functions like sales tracking and invoice creation to facilitate customer relationship management.
A presentation on Payment Management in SAP. It includes Manual and Automatic payment, Process of Automatic Payment Run and Major Blocking points on payment management.
Special G/L transactions are non-standard business transactions that are recorded separately from normal transactions. They include bills of exchange, down payments, bank guarantees, and provisions for doubtful debts. Special G/L transactions can be real postings that affect the balance sheet, statistical postings that always use the same offset account, or noted items that serve as reminders but do not impact financial statements. Down payment requests create one-sided memo entries and are considered noted items until a down payment is actually received.
This document provides instructions for setting up an automated dunning process in SAP Business One to send late payment notices to customers. It describes defining dunning terms, which include fees and interest rates for different dunning levels (e.g. 30, 60, 90 days past due). It also explains how to customize dunning letter layouts, specify default dunning terms for customers, create and run dunning wizards to generate letters, and view dunning history reports. The overall goal is to help users understand, configure, and automate the dunning process for collecting outstanding payments from customers.
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
The document provides guidance on creating, changing, displaying, and using internal orders in IRIS. Key points include:
- Internal orders allow subsets of costs and revenues to be tracked separately within a cost center or WBS element.
- They are created at the major organizational unit level using transaction KO01. Fields include order type, number, short text, and business area.
- Most expenditure and revenue documents allow internal order assignment. Exceptions are payroll, asset purchases, which use redistribution.
- Planning is available to plan amounts over multiple years, but budgeting is not. Internal order groups can be created for editing and reporting.
1. The document describes a vendor down payment process in SAP that allows indicating a down payment at the header or item level of a purchase order.
2. It involves creating a purchase order, down payment request, posting the vendor down payment, monitoring the down payment, invoice receipt against the purchase order, and final payment to the vendor.
3. Key steps include creating a purchase order, down payment request, posting the vendor down payment, invoice receipt which automatically settles the down payment, and checking the vendor balance and purchase order history.
This document provides instructions for creating, changing, displaying, and assigning internal orders and internal order groups in SAP. It also provides instructions for posting original budgets, budget supplements, and budget returns to internal orders. Key points include:
- Internal orders track expenses and revenues for specific projects or activities, while order groups organize related internal orders.
- Steps are provided for creating, changing, and displaying internal orders and order groups, as well as assigning internal orders to order groups.
- Budgeting can be posted to internal orders to track spending versus planned budgets for specific functions or programs over time.
- Instructions are given for posting original budgets, budget supplements, and budget returns to internal orders in SAP
CRM systems help companies manage relationships with customers. They involve using technology to organize sales, marketing, customer service, and support. CRM systems store customer data, enable accessing it across departments, and allow personalized communications. The document then describes a billing system called PSS Billing that provides CRM functions for companies like inventory management, purchase order generation, and reporting. It requires software installations and enables functions like sales tracking and invoice creation to facilitate customer relationship management.
A presentation on Payment Management in SAP. It includes Manual and Automatic payment, Process of Automatic Payment Run and Major Blocking points on payment management.
Special G/L transactions are non-standard business transactions that are recorded separately from normal transactions. They include bills of exchange, down payments, bank guarantees, and provisions for doubtful debts. Special G/L transactions can be real postings that affect the balance sheet, statistical postings that always use the same offset account, or noted items that serve as reminders but do not impact financial statements. Down payment requests create one-sided memo entries and are considered noted items until a down payment is actually received.
This document provides instructions for setting up an automated dunning process in SAP Business One to send late payment notices to customers. It describes defining dunning terms, which include fees and interest rates for different dunning levels (e.g. 30, 60, 90 days past due). It also explains how to customize dunning letter layouts, specify default dunning terms for customers, create and run dunning wizards to generate letters, and view dunning history reports. The overall goal is to help users understand, configure, and automate the dunning process for collecting outstanding payments from customers.
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
The document provides guidance on creating, changing, displaying, and using internal orders in IRIS. Key points include:
- Internal orders allow subsets of costs and revenues to be tracked separately within a cost center or WBS element.
- They are created at the major organizational unit level using transaction KO01. Fields include order type, number, short text, and business area.
- Most expenditure and revenue documents allow internal order assignment. Exceptions are payroll, asset purchases, which use redistribution.
- Planning is available to plan amounts over multiple years, but budgeting is not. Internal order groups can be created for editing and reporting.
1. The document describes a vendor down payment process in SAP that allows indicating a down payment at the header or item level of a purchase order.
2. It involves creating a purchase order, down payment request, posting the vendor down payment, monitoring the down payment, invoice receipt against the purchase order, and final payment to the vendor.
3. Key steps include creating a purchase order, down payment request, posting the vendor down payment, invoice receipt which automatically settles the down payment, and checking the vendor balance and purchase order history.
This document provides instructions for configuring bank accounting in SAP, including defining house banks, configuring electronic and manual bank statements, check deposits, and cash journals. Key steps include:
1. Defining a house bank for the company code with bank account details.
2. Configuring global settings for electronic bank statements including creating account symbols and assigning accounts, defining posting rules and keys, and assigning transaction types.
3. Configuring manual bank statements including creating variants to define account assignment fields.
4. Configuring check deposits including defining posting keys and rules and creating variants.
5. Configuring cash journals including creating G/L accounts and defining document types.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
Introduction:
An Automated Clearing House (ACH) Payment is a form of electronic funds transfer that provides
a secure, efficient method of receiving payment through the ACH Network. The ACH Network is
a batch-oriented processing and delivery system that provides for the distribution and settlement
of electronic transactions and payments among financial institutions.
ACH payments offer the following benefits:
Eliminates the handling of paper checks
Reduces any payment problems due to lost, stolen or misdirected checks
Eliminates mail delays
Provides for greater payment certainty for cash planning
Provides an opportunity to electronically update and streamline your cash application and
receivables operations
More effective and secure.
Business can execute international transactions without having a foreign bank account
ACH format creates payment media for domestic payments in the USA. Incoming and outgoing
payments in US are supported.
ACH format is in accordance with version 004000 and conforms to the specifications of the
National Automated Clearing House Association (NACHA).
The National Automated Clearing House Association (NACHA) has worked with the Office of
Foreign Assets Control (OFAC) to amend ACH operating rules, minimize vulnerabilities in the
ACH network and prevent entities banned by OFAC from using the network as a conduit to send
or receive overseas funds.
NACHA Format Options: (i.e. CTX, CCD, CBR, PPD, POS, POP, PBR, IAT….etc)
In this document we will explain the creation of NACHA format file (National Automated
Clearing House Association) which need to be submitted to Banks for processing the ACH
(Automated Clearing House) transaction by CTX format
CTX Format – Corporate Trade Exchange is a NACHA format that incorporates multiple addenda
records that are structured in variable length fields. The addenda records are the remittance detail
for the ACH payment. The CTX Format is the suggested format as it is completely electronic and
therefore the most efficient
This document discusses down payment processing for sales orders in SAP. It describes the key steps as: 1) Specifying down payment agreements in the sales order. 2) Creating a down payment request billing document. 3) The customer making payment against the request. 4) Milestone billings that clear portions of the down payment against amounts due. 5) A final billing to clear any remaining down payment balances. Customizing settings must be configured to enable down payment processing based on a billing plan.
- The document describes billing plans, which define schedules of billing dates for items in sales documents. There are two main types of billing plans: periodic billing, which bills a total amount on set dates, and milestone billing, which distributes amounts over dates linked to project milestones.
- Billing plans are controlled through billing plan types, date categories, and date descriptions defined in customizing. These determine how dates are automatically set and what data is associated with each date.
- Periodic billing typically uses monthly or quarterly intervals between set dates. Milestone billing links dates to percentages of project completion or amounts upon reaching project milestones.
1) An overview of the FI06 Bank Accounting training course, which covers maintaining bank master records, processing cash journals and bank statements.
2) Instructions for various exercises including creating and changing bank master data, recording cash receipts and expenses in a cash journal, and reversing a cash journal entry.
3) Details of the curriculum and prerequisites for finance courses within the SAP system.
The document provides step-by-step guidance for users to learn key processes for bank accounting in SAP.
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
This document summarizes the SAP vendor payment process configuration. Key steps include defining bank and house bank information, setting up payment methods per country and company code, configuring value date rules, and updating vendor masters with payment methods. Specific configuration details covered include defining bank keys, house banks, minimum payment amounts, ranking payment banks, and ensuring vendor bank account information is populated.
SAP Accounts Reveivable Functions | http://sapdocs.infosapdocs. info
This document provides an overview of key functions in the accounts receivable module in SAP, including:
1) Editing options and defaults that can be set for open item processing and credit management.
2) Customer line item management and open item management, including displaying line items and balances.
3) Processing open items by clearing customers, posting with clearing, or posting incoming payments manually.
4) Handling bank returned payments and resetting cleared items.
5) Posting transactions without clearing, for transfers or other receivables.
SAP Query is used to create reports for users who have little knowledge about SAP Table data
storage structure. SAP Query allows evaluating data in the SAP system.
SAP Query offers users a broad range of ways to define reporting programs and create different
types of reports such as basic lists, statistics, and ranked lists.
The main advantage is that a query can be shared with a group of users.
The document describes how business areas are handled in various SAP FI modules. In general ledger accounting, business areas cannot be directly assigned to accounts but are derived from cost accounting assignments. In asset accounting, assets are assigned a single business area which then flows through to all related postings. In accounts receivable/payable, business areas come from the related revenue/expense postings. Cost accounting assigns business areas based on the master record of the cost element. Materials management assigns business areas based on the material's division and plant.
1. The document discusses various SAP FICO interview questions and answers related to topics like IBAN numbers, blocking payments for vendors, correcting payment mistakes, assigning dunning procedures to multiple companies, internal number ranges, configuring company codes and business areas, purchase order lifecycles, and more.
2. It also provides detailed explanations for questions about topics such as GR/IR clearing accounts, advantages of distribution controlling, uploading asset balances mid-year, carrying document balances to the next fiscal year, customizing for vendors that are also customers, and differences between various SAP terms.
3. Many answers reference specific SAP transaction codes useful for the given tasks or concepts.
Q1 2019 compensation-quick-preview by deloitte germanyHazal Yağcı
The document provides a quarterly preview of upcoming releases for SuccessFactors Compensation Management in 2019. Key updates for Q1 2019 include:
1) An auto purge tool to remove deleted worksheets without requiring a read access log period.
2) Allowing compensation administrators to export compensation plan activity audits via the UI.
3) Enhancements to checks in the check tool for faster processing and checks at form launch.
Performance improvements and UI label changes are also noted.
Here are the steps to create an employee master in Tally.ERP 9:
1. Go to Gateway of Tally > Payroll Info > Employee Masters > Create
2. In the Employee Master Creation screen, enter the following details:
- Employee Code (Unique ID)
- Employee Name
- Date of Joining
- Employee Group (select the relevant group created earlier)
3. Press Enter. The Employee Statutory Details screen will be displayed.
4. Enter the relevant statutory details like PF Number, ESI Number etc.
5. Press Enter. The Employee Personal Details screen will be displayed.
6. Enter other details like date of birth, gender, address etc.
7. Press
This document provides instructions for configuring electronic bank statements in SAP ECC 6.0. It discusses creating a house bank, making global settings for electronic bank statements including creating account symbols and assigning accounts, defining posting rules, creating transaction types, and assigning external transaction codes to posting rules. The document also covers importing the electronic bank statement, viewing cleared documents, and checking the bank statement.
This document provides instructions for configuring automatic payments in SAP FI, including:
- Setting up company codes, payment methods, and bank accounts
- Configuring payment methods per country and company code
- Determining bank accounts for payments based on payment ranking, available amounts, value dates, and expenses
The document covers key transactions and master data for setting up and maintaining payment programs in SAP.
Sap fi automatic payment program (configuration and run)Pradip Sarkar
This document provides instructions for configuring and running the Automatic Payment Program (APP) in SAP ECC 6.0. It describes 6 steps to set up payment methods by country and company code, assign payment methods to vendors, and determine bank accounts. It also provides screenshots showing how to create a vendor invoice to generate an open item for payment processing through the APP. When configured and with an open item present, the APP can be run to automatically process accounts payable payments.
The document discusses customer master data in SAP. It explains that customer master data contains key information about customers like addresses, payment terms, and delivery methods. It also describes the different account groups (such as sold-to party, bill-to party) and partner functions used to classify customer master records based on the business relationship. Steps are provided on how to create a new customer master record including entering required fields in the general, company code, and sales area data sections.
This document provides information about the Faculty of Management Sciences - Pune (FMS-Pune) including its vision, mission, leadership, programs, infrastructure, and academic approach. FMS-Pune offers a 2-year full-time AICTE approved PGDM program aimed at developing strategic leadership skills for successful careers. The program provides a solid foundation in core business functions along with opportunities for specialization, international exposure, skills development, and corporate internships. Students learn in a technologically advanced campus with facilities like libraries, classrooms, cafeteria, and hostels.
AGGARWAL VARUN & CO is a leading Chartered Accountant firm in India located in Gurgaon and led by experienced CAs. They provide accounting, auditing, tax, and company formation services to clients across India, drawing on over a decade of industry experience. Their expertise in various areas helps satisfy diverse client needs. Being committed to high satisfaction levels, they are considered a top CA firm.
The document discusses cost accounting standards and provides details about CAS-1 on the classification of costs. It begins with an introduction to cost accounting and cost accounting standards. CAS-1 aims to prescribe a consistent classification of costs to make cost statements more comparable over time and between organizations. Costs can be classified by nature, function, behavior, and for management objectives. CAS-1 provides definitions and principles for classifying costs to improve transparency and uniformity in cost accounting.
This document provides instructions for configuring bank accounting in SAP, including defining house banks, configuring electronic and manual bank statements, check deposits, and cash journals. Key steps include:
1. Defining a house bank for the company code with bank account details.
2. Configuring global settings for electronic bank statements including creating account symbols and assigning accounts, defining posting rules and keys, and assigning transaction types.
3. Configuring manual bank statements including creating variants to define account assignment fields.
4. Configuring check deposits including defining posting keys and rules and creating variants.
5. Configuring cash journals including creating G/L accounts and defining document types.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
Introduction:
An Automated Clearing House (ACH) Payment is a form of electronic funds transfer that provides
a secure, efficient method of receiving payment through the ACH Network. The ACH Network is
a batch-oriented processing and delivery system that provides for the distribution and settlement
of electronic transactions and payments among financial institutions.
ACH payments offer the following benefits:
Eliminates the handling of paper checks
Reduces any payment problems due to lost, stolen or misdirected checks
Eliminates mail delays
Provides for greater payment certainty for cash planning
Provides an opportunity to electronically update and streamline your cash application and
receivables operations
More effective and secure.
Business can execute international transactions without having a foreign bank account
ACH format creates payment media for domestic payments in the USA. Incoming and outgoing
payments in US are supported.
ACH format is in accordance with version 004000 and conforms to the specifications of the
National Automated Clearing House Association (NACHA).
The National Automated Clearing House Association (NACHA) has worked with the Office of
Foreign Assets Control (OFAC) to amend ACH operating rules, minimize vulnerabilities in the
ACH network and prevent entities banned by OFAC from using the network as a conduit to send
or receive overseas funds.
NACHA Format Options: (i.e. CTX, CCD, CBR, PPD, POS, POP, PBR, IAT….etc)
In this document we will explain the creation of NACHA format file (National Automated
Clearing House Association) which need to be submitted to Banks for processing the ACH
(Automated Clearing House) transaction by CTX format
CTX Format – Corporate Trade Exchange is a NACHA format that incorporates multiple addenda
records that are structured in variable length fields. The addenda records are the remittance detail
for the ACH payment. The CTX Format is the suggested format as it is completely electronic and
therefore the most efficient
This document discusses down payment processing for sales orders in SAP. It describes the key steps as: 1) Specifying down payment agreements in the sales order. 2) Creating a down payment request billing document. 3) The customer making payment against the request. 4) Milestone billings that clear portions of the down payment against amounts due. 5) A final billing to clear any remaining down payment balances. Customizing settings must be configured to enable down payment processing based on a billing plan.
- The document describes billing plans, which define schedules of billing dates for items in sales documents. There are two main types of billing plans: periodic billing, which bills a total amount on set dates, and milestone billing, which distributes amounts over dates linked to project milestones.
- Billing plans are controlled through billing plan types, date categories, and date descriptions defined in customizing. These determine how dates are automatically set and what data is associated with each date.
- Periodic billing typically uses monthly or quarterly intervals between set dates. Milestone billing links dates to percentages of project completion or amounts upon reaching project milestones.
1) An overview of the FI06 Bank Accounting training course, which covers maintaining bank master records, processing cash journals and bank statements.
2) Instructions for various exercises including creating and changing bank master data, recording cash receipts and expenses in a cash journal, and reversing a cash journal entry.
3) Details of the curriculum and prerequisites for finance courses within the SAP system.
The document provides step-by-step guidance for users to learn key processes for bank accounting in SAP.
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
This document summarizes the SAP vendor payment process configuration. Key steps include defining bank and house bank information, setting up payment methods per country and company code, configuring value date rules, and updating vendor masters with payment methods. Specific configuration details covered include defining bank keys, house banks, minimum payment amounts, ranking payment banks, and ensuring vendor bank account information is populated.
SAP Accounts Reveivable Functions | http://sapdocs.infosapdocs. info
This document provides an overview of key functions in the accounts receivable module in SAP, including:
1) Editing options and defaults that can be set for open item processing and credit management.
2) Customer line item management and open item management, including displaying line items and balances.
3) Processing open items by clearing customers, posting with clearing, or posting incoming payments manually.
4) Handling bank returned payments and resetting cleared items.
5) Posting transactions without clearing, for transfers or other receivables.
SAP Query is used to create reports for users who have little knowledge about SAP Table data
storage structure. SAP Query allows evaluating data in the SAP system.
SAP Query offers users a broad range of ways to define reporting programs and create different
types of reports such as basic lists, statistics, and ranked lists.
The main advantage is that a query can be shared with a group of users.
The document describes how business areas are handled in various SAP FI modules. In general ledger accounting, business areas cannot be directly assigned to accounts but are derived from cost accounting assignments. In asset accounting, assets are assigned a single business area which then flows through to all related postings. In accounts receivable/payable, business areas come from the related revenue/expense postings. Cost accounting assigns business areas based on the master record of the cost element. Materials management assigns business areas based on the material's division and plant.
1. The document discusses various SAP FICO interview questions and answers related to topics like IBAN numbers, blocking payments for vendors, correcting payment mistakes, assigning dunning procedures to multiple companies, internal number ranges, configuring company codes and business areas, purchase order lifecycles, and more.
2. It also provides detailed explanations for questions about topics such as GR/IR clearing accounts, advantages of distribution controlling, uploading asset balances mid-year, carrying document balances to the next fiscal year, customizing for vendors that are also customers, and differences between various SAP terms.
3. Many answers reference specific SAP transaction codes useful for the given tasks or concepts.
Q1 2019 compensation-quick-preview by deloitte germanyHazal Yağcı
The document provides a quarterly preview of upcoming releases for SuccessFactors Compensation Management in 2019. Key updates for Q1 2019 include:
1) An auto purge tool to remove deleted worksheets without requiring a read access log period.
2) Allowing compensation administrators to export compensation plan activity audits via the UI.
3) Enhancements to checks in the check tool for faster processing and checks at form launch.
Performance improvements and UI label changes are also noted.
Here are the steps to create an employee master in Tally.ERP 9:
1. Go to Gateway of Tally > Payroll Info > Employee Masters > Create
2. In the Employee Master Creation screen, enter the following details:
- Employee Code (Unique ID)
- Employee Name
- Date of Joining
- Employee Group (select the relevant group created earlier)
3. Press Enter. The Employee Statutory Details screen will be displayed.
4. Enter the relevant statutory details like PF Number, ESI Number etc.
5. Press Enter. The Employee Personal Details screen will be displayed.
6. Enter other details like date of birth, gender, address etc.
7. Press
This document provides instructions for configuring electronic bank statements in SAP ECC 6.0. It discusses creating a house bank, making global settings for electronic bank statements including creating account symbols and assigning accounts, defining posting rules, creating transaction types, and assigning external transaction codes to posting rules. The document also covers importing the electronic bank statement, viewing cleared documents, and checking the bank statement.
This document provides instructions for configuring automatic payments in SAP FI, including:
- Setting up company codes, payment methods, and bank accounts
- Configuring payment methods per country and company code
- Determining bank accounts for payments based on payment ranking, available amounts, value dates, and expenses
The document covers key transactions and master data for setting up and maintaining payment programs in SAP.
Sap fi automatic payment program (configuration and run)Pradip Sarkar
This document provides instructions for configuring and running the Automatic Payment Program (APP) in SAP ECC 6.0. It describes 6 steps to set up payment methods by country and company code, assign payment methods to vendors, and determine bank accounts. It also provides screenshots showing how to create a vendor invoice to generate an open item for payment processing through the APP. When configured and with an open item present, the APP can be run to automatically process accounts payable payments.
The document discusses customer master data in SAP. It explains that customer master data contains key information about customers like addresses, payment terms, and delivery methods. It also describes the different account groups (such as sold-to party, bill-to party) and partner functions used to classify customer master records based on the business relationship. Steps are provided on how to create a new customer master record including entering required fields in the general, company code, and sales area data sections.
This document provides information about the Faculty of Management Sciences - Pune (FMS-Pune) including its vision, mission, leadership, programs, infrastructure, and academic approach. FMS-Pune offers a 2-year full-time AICTE approved PGDM program aimed at developing strategic leadership skills for successful careers. The program provides a solid foundation in core business functions along with opportunities for specialization, international exposure, skills development, and corporate internships. Students learn in a technologically advanced campus with facilities like libraries, classrooms, cafeteria, and hostels.
AGGARWAL VARUN & CO is a leading Chartered Accountant firm in India located in Gurgaon and led by experienced CAs. They provide accounting, auditing, tax, and company formation services to clients across India, drawing on over a decade of industry experience. Their expertise in various areas helps satisfy diverse client needs. Being committed to high satisfaction levels, they are considered a top CA firm.
The document discusses cost accounting standards and provides details about CAS-1 on the classification of costs. It begins with an introduction to cost accounting and cost accounting standards. CAS-1 aims to prescribe a consistent classification of costs to make cost statements more comparable over time and between organizations. Costs can be classified by nature, function, behavior, and for management objectives. CAS-1 provides definitions and principles for classifying costs to improve transparency and uniformity in cost accounting.
1. The document provides information about Value Added Tax (VAT), including its introduction, features, variants, requirements for a VAT system, and methods of computation.
2. VAT is a tax charged on the increase in value of goods and services at each stage of production and circulation. It is designed to be neutral and reduce the cascading effect of sales taxes.
3. There are three main variants of VAT - gross product, income, and consumption. The consumption variant does not affect investment decisions and is administratively simpler.
4. Key requirements for a VAT system include tax invoices, registration, composition schemes, taxpayer identification numbers, and self-assessment by dealers. Computation methods include addition,
The document provides formatting guidelines for students to follow when preparing project reports. It specifies:
1. The report should be bound and printed on white paper with black bindings.
2. Font, font size, margins and other layout details are standardized.
3. The front page must include the project title, student and college details in a specified format.
4. The report contents include an executive summary, introduction, data analysis, conclusion and bibliography, along with other required sections like acknowledgements and appendices. Strict adherence to the provided structure is expected.
Preparation of project report for bank financeRevanth Rao
The document provides guidance on preparing a project report for obtaining bank financing. It outlines key points to address in the report, including an executive summary, introduction, techno-feasibility report, product details, manufacturing process, site details, layout, raw materials, production plan, market strategy, environmental compliance, costs, means of financing, and 8-year financial projections. The goal is to provide all essential information about the proposed project in order to obtain project approval and funding.
This document provides information about a marketing research project conducted by Manish Ranjan Singh for his MBA degree, focusing on the neuromuscular blocker cisatracurium. It includes certificates of completion, originality, and from the company where the research was conducted. The research was conducted at Abbott India Ltd. to understand customer preferences for neuromuscular blockers and develop a medical positioning for the product cisatracurium in the Indian market.
The document provides an overview of the iSupplier portal, including its key features, architecture, registration process, and key supplier processes like PO acknowledgement, requests for changes, advance shipment notices, and invoices. The portal allows for real-time communication between suppliers and buyers by enabling suppliers to view POs, acknowledgements, shipments, and invoices and submit advance notices and invoices. It also describes the required setups for responsibilities, security, and profiles.
OfficeCentral User Manual for Automated Accounting (English) V1R1venturesmarketing
OfficeCentral is a system that uses cloud technology (internet cloud-based software) and includes essential modules to manage a company, namely HRMS, Salary Calculation (Payroll), Accounts, and Customer Management (CRM).
OfficeCentral is a web application specially designed for small and medium industrial companies to manage companies more efficiently and smoothly.
We are providing online assistance to help you learn OfficeCentral User Manual for Automated Accounting.
This document provides training on vendor entries in SAP, including:
1. Creating and modifying vendor master data, including blocking/unblocking and requesting deletion of vendors.
2. Keying in preliminary and financial invoices for vendors, including payment terms and splitting amounts across payment methods.
3. Performing automatic payments, monthly payments, advances, and statistical postings for guarantees and withholdings for vendors.
4. Processing vendor balances and items in the information system. Step-by-step instructions are provided for common vendor transactions in SAP Finance.
Udyog launched Visual Udyog 1.0 service tax softwarepravin sawant
VUdyogs - Service Tax software simplifies the operational transactions by keeping track of every Cenvat duty / service tax duty that service providers pay for inputs and subsequently charge to customers. VUdyogs Service Tax software was designed after several, thorough reviews of renowned consultancies, studying financial bills; and takes care of all complicated practical issues. Additionally, it maintains statutory documents, MIS reports. The solution covers every operational problem, so that better output can be generated.
• Udyogs Service Tax Software is One Product for more than 200 service industries; A ready solution
for any and every Service Industry.
• Key success Taking credit on every expense that is made with / without Service Tax paid - is a straight income. Many small and medium organizations do not do it, due to lengthy record keeping or lack of awareness.
• Software enables, maintains automatically the statutory reporting, along with guidance to the management of taking credit on every expenses.
For more information please email on sales@udyogsoftware.com
Udyog launched Visual Udyog 1.0 Service Tax Softwarepravin sawant
VUdyog’s - Service Tax software simplifies the operational transactions by keeping track of every Cenvat duty / service tax duty that service providers pay for inputs and subsequently charge to customers. VUdyog’s Service Tax software was designed after several, thorough reviews of renowned consultancies, studying financial bills; and takes care of all complicated practical issues. Additionally, it maintains statutory documents, MIS reports. The solution covers every operational problem, so that better output can be generated.
• Udyog’s Service Tax Software – is One Product for more than 200 service industries; A ready solution for any and every “Service Industry”.
• Key success – “Taking credit on every expense that is made with / without Service Tax paid” - is a straight income. Many small and medium organizations do not do it, due to lengthy record keeping or lack of awareness.
• Software enables, maintains automatically the statutory reporting, along with guidance to the management of ‘taking credit’ on every expenses.
This document provides instructions for configuring bank accounting in SAP, including defining house banks, setting up electronic and manual bank statements, check deposits, and cash journals. It describes setting global parameters for electronic bank statements, creating posting rules, and defining variants for manual bank statements. The summary provides an overview of key bank accounting configurations in SAP.
This document provides instructions for manually creating accounts payable invoices in Oracle E-Business Suite R-12. It outlines the purpose, scope, basic business needs, process overview, and step-by-step procedures for invoice creation when no purchase order exists. Key steps include verifying supplier and tax information, entering invoice header and line details, adding tax lines, and approving the invoice for payment processing.
1. Accounts receivable is amounts a company is owed by customers for goods or services purchased on credit.
2. The SAP FI Accounts Receivable component records and manages accounting data for all customers. It is integrated with sales management and directly updates general ledger accounts.
3. Configuring organizational units such as company code, sales organization, and plant is required to execute the basic accounts receivable cycle in SAP, which includes processes like customer master data, material master data, sales order, delivery, invoice, and payment.
This document provides an overview of an e-billing and invoice system project. It describes the objectives of creating a secure, fast, and easy-to-use electronic billing system to replace a manual Excel-based process. It outlines the key user profiles, features including managing customers, orders, products, and reports. It also includes software and hardware requirements and describes the planned frontend and backend technologies.
This document provides an overview and instructions for using the USM 1.0 Account Manager software. It describes the key features and functionality of the software for managing accounts for small and medium enterprises. This includes features for tracking sales, purchases, expenses, inventory, banking, payroll and generating invoices. The software aims to help SMEs manage their accounts without needing to hire an accountant by providing tools for tasks like monitoring profit and loss, tracking revenue sources and managing accounts on mobile devices.
1) The document provides an index and details for various SAP CO (controlling) notes including cost center accounting, internal orders, profit center accounting, product costing, and actual costing.
2) Key aspects of cost center accounting covered include creating primary cost elements, cost center master data, posting transactions, and generating reports.
3) The document outlines steps for basic controlling area and organizational structure setup including maintaining versions for budgeting and actual comparisons.
1) The document provides an index and details for various SAP CO (controlling) notes including cost center accounting, internal orders, profitability analysis, product costing, and actual costing.
2) Key aspects of controlling include cost elements, cost centers, internal orders, and profit centers which are used for internal reporting and analysis of costs and profits.
3) The document outlines steps for basic controlling setup including maintaining controlling areas, cost center hierarchies, versions for budgets, and number ranges for documents.
1) The document provides an index and details for various SAP CO (controlling) notes including cost center accounting, internal orders, profitability analysis, product costing, and actual costing.
2) Key aspects of controlling include cost elements, cost centers, internal orders, and profit centers which are used for internal reporting and analysis of costs and profits.
3) The document outlines steps for basic controlling setup including maintaining controlling areas, cost center hierarchies, versions for budgets, and number ranges for documents.
The document describes posting vendor payments in SAP using transaction code F-04. With posting and clearing, line items are entered and then open items are selected to clear them. Once the open item amounts equal the line item amounts, the system clears the items by creating documents to debit vendor accounts and credit bank accounts. Fields required for posting include document date, type, company code, posting date, currency, bank account, account, and amount.
The document describes posting vendor payments in SAP using transaction code F-04. With posting and clearing, line items are entered and then open items are selected to clear them. Once the open item amounts equal the line item amounts, the system clears the items by creating documents to debit vendor accounts and credit bank accounts. Fields required for posting include document date, type, company code, posting date, currency, bank account, account, and amount.
The document provides training on SAP finance functions including:
[1] Processing general ledger accounts at both central and mass levels, including required fields.
[2] Entering and processing general ledger account documents and transactions like modifications, reversals and clearings.
[3] Displaying account balances and individual items, as well as clearing accounts and obtaining reports like trial balances and financial statements.
This document provides test procedures for bank integration using file-based interfaces in SAP S/4HANA. It describes how to download payment files, upload bank statements from various formats like MT942, camt.052, MT940, and camt.053. It also covers uploading payment status files in pain.002 format and displaying bank statements. The test procedures are to be performed by a cash management specialist using transactions like manage payment media and bank statements to validate the bank integration functionality.
PAÍS VERSIÓN INDIA, PAYS VERSION INDE, 国家版印度
CIN Domain Basic concepts
FI consultant steps in CIN configuration
CIN VS Service Tax
CIN VS TDS
CIN MM Configuration Steps
CIN SD Configuration Steps
J1I9 CIN Number range objects
Master Data for CIN
MM CYCLES
DEPOT PLANTS
CIN TABLES
CIN Forms
CIN NOTES
CIN ACCOUNTING ENTRIES
UTILIZATION
CIN/VAT/TDS/SERVICE -TAX List of Reports
TAXINN VS TAXINJ
CAPITAL Procurement in SAP
SD CYCLES
Miscellaneous Topics
In this live webinar we will review all the steps to performing a Sage 300 (Accpac) Year-End Closing, followed by a Q&A Session at the end.
- Year-End Closing Preparation
- Timing
- Back Up Procedures
- Creating New Fiscal Year
- Year-End for A/R and A/P
- W-2 & 1099s
- Year-End Reports
Similar to B2X - India Standard Accounting Procedures - samsung V 1(Final) (20)
B2X - India Standard Accounting Procedures - samsung V 1(Final)
1. Accounting Manual is designed for Branch
Accountant of B2X – India operation for
accounting, compliance, and reporting
Accounting Manual
(Samsung - Division)
Version 1.00
B2X - India
2. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page1
The basic purpose of the Accounting Manual is to provide B2X - India (Samsung) Staff with
direction and guidance with relation to Samsung accounting transactions, procedures, and reports
that should be uniform throughout Indian Operation.
The Accounting Manual is an official directive of the CFO India. It is published and maintained
by the Corporate Accounting Office as part of the general responsibility for B2X - India accounting
policy.
The goal is to make the Manual as clear and useful as possible. All users are encouraged to contact
suresh.advani@b2x.com for any suggestions for revising or improving the Manual.
Suresh Advani
CFO - India
4. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page3
Table of Contents
Sr. No. Topics Page No.
1.1. Accounting Software 6
1.2. How to operate Tally Accounting Package 6
1.3. Selection of Company 7
1.4. Creation/ Deletion of company/ ledger 8
1.5. User – ID/ Password 9
1.6. Gateway to Tally 10
1.7. Closing of Books of Accounts in Tally 11
2.1. Voucher entry in tally 12
2.2. Sales Voucher 13
2.3. Refund – Services not provided 16
2.4. Purchases 17
2.5. Stock 18
2.6. Sundry Debtors and Creditors 21
2.7. Cash/ Bank 22
2.8. Expenses 23
2.9. Duties & Taxes 23
3. Documentation& Filing 24
4. Back-up of data 25
5. Branch Control Account 26
6. TDS 27
7. Service Tax – Reverse charge Mechanism 28
8. Accounting for tools & Spares 29
9. Provision & Prepaid 30
10. MIS 31
5. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page4
List Of Annexure
Annexure Topic Page Number
A List of Designated Contact Persons 32
B Authorization List 33
C Vendor Registration Details 34
D GSPN 35
E Format of Debtors / Creditors 42
6. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page5
List of Figures
Figure Topic Page Number
1. Remote Application – Access to Tally 6
2. Tally Opening page 7
3. Selection to Company 7
4. List of Company 8
5. Login Details 9
6. Gateway to Tally 10
7. Payment Voucher 12
8. Selection to Sales Voucher 13
9. Sales Voucher – Format 13
10. Selection of Stock Item 14
11. Receipt Voucher 15
12. Payment / Refund Voucher 16
13. Purchase Voucher 17
14. Purchase & Selection of Stock 18
15. Selection of Stock 19
16. Stock Summary Page 20
7. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page6
1.1.Accounting Software:
B2X – India, across it Branches, use Tally – ERP Version 9 Accounting Software.
GSPN – (Global Service Partner Network), this software is used by Samsung.
1.2.How to operate Tally.
On your desk top, you will see Icon named Remote Application, double click on same and it will
connect Tally, on Cloud as shown below.
(Figure 1 - Remote Application – Access to Tally)
Double click on Remote Application Icon, Tally ERP 9 will open, as shown in Figure 2 below.
Remote
Application
Icon
8. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page7
(Figure 2 - Tally Opening page)
1.3.Selection of Company:
After opening front page of tally, we will get option to select company:
(Figure 3 - Selection to Company)
9. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page8
Click on select company, you will get page, with list of companies created:
(Figure 4 - List of Company)
Accountant at branch, needs to select company in which he operates, his access is limited to his
Branch operation.
1.4.Creation/ Deletion of Company, Ledger Account, Stock Ledger:
Company creation, Accounts ledger creation, and stock ledger creation as well as deletion is done
at Head Office, branch has no right to create as well as delete same.
Incase Branch Accountant want to create / delete ledger account, he has to contact designated
contact person as Listed in “Annexure – A”
10. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page9
1.5.User-Id, Password:
User Id as well as password is created at Head office, and addition/ deletion/ changes will be done
from Head office. (Refer “Annexure –A for contact details)
Accountant will have to enter user ID as well as password in screen shown below:
(Figure 5 - Login Details)
11. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page10
1.6.Gateway to Tally.
Once Accountant has entered password, Gateway to Tally is opened, which is main menu to Tally
for navigation & entry purpose.
(Figure 6 - Gateway to Tally)
Accountants at branch have to do following functions in
Tally:
1. Data entry for Sales – stocks are maintained at GSPN where accountant is not involved.
1.1.Entry will be for Non-Warranty Claims.
1.2.Warranty claims entry is passed at Head Office.
2. Data entry for Purchases – stock as well as care pack purchases entry will be done in Tally
with reference with GSPN.
3. Data entry for Expenses, in Tally
4. Data entry for Bank – Receipts & payments, in Tally.
5. Data entry for Petty cash – Receipts as well as Payments.
6. Stock Report for Unit, where we own stocks.
12. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page11
1.3.Closing of Books of Accounts.
Entry in Tally has to be closed on 3rd. of each month, after 3rd. Of each month branch accounts will
be blocked and branch can’t edit any data after 3rd.
For any data to be edited after 3rd.You need coordinate with HO or get authorization to change any
entry.
(Refer – Annexure “A” for list of Authorized person details)
13. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page12
2.1.Voucher entry in Tally:
Gateway to Tally once opened, click Accounting vouchers icon, you will get screen below- on
right hand side you can view list of vouchers – sales, purchases, bank, cash, debit note, credit note,
journal, with short keys on your right hand side you can open respective vouchers.
(Figure 7 – Payment Voucher)
14. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page13
2.2. Sales Voucher:
Accountant has to click on F8 or sales, he will get screen as below, He has to click his branch
sales, in above example Sales – Agra, he will get screen as below:
(Figure 8- Selection to Sales Voucher)
15. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page14
(Figure 9- Sales Voucher – Format)
Note:
(a) Sales Invoice number will be added manually, it will be same as invoice number generated
in GSPN and full invoice number needs to be typed in sales voucher & date also should match
with GSPN invoice date.
(b) Entry to be passed by Accountant.
Cash Sales: (Non – Warranty)
Sales entry to be done:
Samsung Customer – Dr.
Sales Account – Cr.
Output VAT Account – Cr
Service Charges – Cr.
Output Service Tax Cr.
(c) Sales entry is passed as mentioned above.
16. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page15
(Figure 10 – Entry for Sales has to be done after taking Sales Dump from GSPN)
3. GSPN – Samsung Software
3.1.Access to GSPN.
Log in to http://gspn2.samsungcsportal.com/index.jsp# you will get screen as below.
Samsung gives Admin ID / PW for new units, B2X Team has to create User ID and Password.
17. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page16
User ID, and Password, has to be generated using help of Admin, who will co-ordinate with
Samsung and generate same.
3.2. Sales Warranty
After Login, User will get screen below, he has to click, Business Tab,
Enter User ID/ PW
18. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page17
He will get, screen below, he has to go to Warranty Warranty Claim Warranty Excel
Download.
Once this is done, you will get screen below, you need to select the period for which entries
has to be done, as show in screen shot.
Warranty Claim data
19. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page18
User has to click Hyper Link in to download excel, before that they have to
click REFRESH
Date selection
20. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page19
Once you get this screen, you can DOWNLOAD, click DOWNLOAD
Excel
downloa
d
22. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page21
Entries has to be done daily, use excel downloaded sheet, and select at status code 80,
which will give information on Non Warranty sale.
This has to monthly basis also, to ensure that month wise data entered as sales is tallied,
(figure which is shown in excel for sale is NET amount of taxes, you need to add Tax in
addition, Service tax has to be calculated on Labor plus Parts sales cost, shown in excel
sheet.)
Direct Sales: (Accessories sales) go to -- Order management parts sales SO History
select period
23. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page22
Transfer data into excel as shown below:
Note: Code 20 is for Warranty
SO history
24. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page23
Code 95 is for Rejection, this has to be checked every week by accountant and
inform Center Manager, Center manager has to keep proper control, follow up for all items
appearing in Code 90 to 95.
Center Manager has to ensure code 90 (hold calls) don’t go to code 95 rejected calls.
If calls go rejected code 95, it will be duty of center manager to manual share all documents
with Samsung team on special approval and convert all calls to code 20.
Team Leader is responsible for Code 90 to 95, and keep check on daily/ weekly basis,
inform Center manager.
Accountant has to ensure that if no action is been taken, he informs HO for code 90 to 95
25. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page24
Further Branch Accountant has to ensure that:
1. Samsung Accounts should tally with Cash Collection Account.
2. Sales Account defined for VAT – and rate of VAT should match.
26. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page25
Purchases:
In GSPN, go to Order Management purchase order billing information select period
click details as shown in screen below:
27. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page26
You will get purchase quantity, and detail search you will get report as shown below:
This data is used for booking purchases.
28. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page27
c. Advance cash received:
(Figure 11 – Receipt Voucher)
In tally Accounting Package, go to Accounting Voucher creation, press F6 or receipts,
Accountant has pass following accounting entry
29. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page28
Bank Account (Credit Card Account) Dr. (or)
Bank Account (Cheque) Dr. (or)
Cash Account Dr. (or)
Samsung Customer account CR.
While booking sales, accountant needs to pass sales entry as mentioned below:
In tally Accounting Package, go to Accounting Voucher creation, press F8 or Sales, Accountant
has pass following accounting entry
2.3. Refund - Services are not provided:
(Figure 12 – Payment / Refund Voucher)
In tally Accounting Package, go to Accounting Voucher creation, press F5 or Payments,
Accountant has pass following accounting entry
Samsung Customer account DR.
Bank Account (Credit Card Account) Cr. (or)
Bank Account (Cheque) Cr. (or)
Cash Account Cr. (or)
30. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page29
However if the Customer is taking credit of VAT (i.e. Corporate Client) then entry should be
passed with Separate Ledger of Debtors and not with Common Ledger.
In case of corporate clients: Additional Details about the Debtors like Address, Email Id, VAT
TIN No. etc. to be put in case of Corporate Client. Else, no sale can be done to corporate client,
at time of generating sales invoice, it has to be sent by email to Yash.
2.4. Purchase
Purchase requisition of Samsung is done by Team Leader in GSPN.(Refer Annexure –B List of
Authorization)Branch Accountant has to Check GSX* systemof Apple for purchase invoice,
this has to be verified with PO raised at branch, all copies of PR, PO and purchase invoice has to
be kept in separate file.*GSX System – ReferAnnexure “D”
Branch accountant has to enter purchases in tally:
(Figure 13 – Purchase Voucher)
Entry:
31. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page30
Purchase Account Dr.
CST / VAT Dr
Service charges Dr.
Service tax Dr.
Apple India Pvt Ltd. (Creditors) Cr. (Separately for each Branch)
(In reference branch accountant has to mention SAP document number, which is available in
Purchase invoice downloaded from GXS system)
Kindly refer “Annexure C” for vendor registration form.
2.5.Stock
(Figure 14 – Purchase & Selection of stock item)
Sales and Purchase entry should be passed with Inventory details - like Name of commodity,
Rate, Value and other related details. ( in details it is mentioned above)
Head Office will create Sub Group for material of same nature.
Stock wise entry should be done only of the material in which we are trading or dealing in. (For
example: Stationary purchase for office use is not a Stock item. So, not to be entered as Stock)
32. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page31
Unit of measurement should be properly assigned for the Stock Item (not written as ‘Bulk’)
Ensure proper entry of Sales & Purchase of Material under the Proper Stock Item, so that we
can get the Stock wise Summary (i.e. Name of Stock, Opening Stock, Purchases, and Sales,
closing Stock etc.
Reporting responsibility:
1. Branch Manager is responsible to conduct stock verification.
2. Branch Stores/ Accountant has to submit weekly stock report to head office.
3. It will be duty to check physical stock with stock in Tally, find variance, and mention
reason for same.
4. Stock report duration has to be from Monday to Saturday, report has to be sent to HO on
or before 12 noon coming Monday.
5. Tally stock statement can be obtained Gate way of Tally Reports stock summary.
Below are screen shot of how to check stock items.
(Figure 15 – Selection of Stock)
33. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page32
Click on stock summary, you will get details of stock item wise.
(Figure 16 – Stock Summary Page)
34. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page33
2.6.Sundry Debtors & Creditors:
Branch Accountant has to check Debtors/ Creditors on monthly basis, Tally path is mentioned
below.
For Sundry Debtors
Gateway of Tally - Reports- Balance sheet --Current assets--Sundry debtors-Select
partiesAlt+B
For Sundry Creditors
Gateway of Tally - Reports- Balance sheet --Current Liabilities--Sundry Creditors-
Select PartiesAlt+B
Monthly ledger scrutiny of Sundry debtors and creditors has to be done by Branch Manager,
list of same need to be sent to head office -Yash, and Suresh Advani ( with details mentioned)
Confirmation from the Creditors and Debtors as on 31st March as per instruction of Head
Office.
Separate Ledger account must be maintained if the party is Customer as well Supplier. To do
the bifurcation, you must write “Cr” for Creditors and “Dr” for Debtors after the name of
Ledger.
Payment to Creditors has to be done on Bill by bill basis. So that you can get the Bill by bill
outstanding details properly. Never make any lump sum payments to any party without
approval from corporate office. It is non-compliance as per policy if lump sum payments are
done without approval.
Format of Debtors & Creditors – Refer Annexure “F”
35. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page34
2.7.Cash & Bank
General Points which Branch Accountant has to ensure
Bank entry must be passed EVERY DAY.
Bank reconciliation should be done daily as well as on MONTHLY BASIS.
Name of Ledger for Bank Account should also contain the Bank A/c No.
Cash collected should be deposited in the Bank same day, if cash is not deposited same has to
be reported to Head Office and with reason for thereof and permission for same is to be taken
from CFO.
In any circumstances, cash collected from customer is NOTto be utilized for any payment, but
should be deposited at BANK. If cash is utilized for petty cash, CFO permission should be
sought first.
Petty cash can be used for daily office expense such as tea/coffee, maintenance, sweeper salary
etc.
Cash payment above Rs. 20,000 is not allowed as expenses or deduction in Income Tax. Do
not make Payment in cash in excess of Rs. 20,000. Practice of making payment only through
Cheque/DD must be followed.
Cash balance should not be NEGATIVE on any day
No amount is to be withdrawn from cash collection for petty cash use, branch accountant will
get TOP up card from head office, and money will be deposited in top-up card from HO,
based on requisition from Branch duly approved by HO. Format of email is given below:
36. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page35
Dear Sir,
Request to transfer balance to our Top-up card for Rs. ________________
For payments:
1. List the payment Amount
Send us scanned copies of all payments
Head office Approval : by Suresh Advani
Copy will be addressed to : Mr. Ram
2.8.Expenses
Rent of Property: Name of the ledger should be Rent A/c – Name of Branch (For example:
Rent of Rajkot Branch will be “Rent A/c – Rajkot Branch”).
Expense Voucher: Keep the practice of taking Expense Voucher details from employee who
take Advance for various expenses. Never pass one single voucher for various advances given
to an employee.
All expenses vouchers should have proper supporting, and as per corporate policy, with
proper authorization of all vouchers.
List of Authorization for various vouchers is given below, in “Annexure – B”
2.9.Duties & Taxes
Journal Entry should be passed for transfer of VAT on Sales and Purchase under Sales Tax
Payable A/c.
Cross checking of NET amount and TAX Amount should be done daily. (For example: In case
of Sales @ 5% if the net amount is Rs. 10,00,000 in Dec 2015 month then its VAT @ 5%
amount must be Rs. 50,000. Same way should be done with other type of Taxes.
37. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page36
3. Documentation & Filing
Separate Box Files must be maintained for the following:
All Sales Invoices serially filed
All Purchase Invoices serially filed
All Expense Vouchers serially filed
All Fixed Assets Invoices serially filed
Bank Statement, Pay-in Slip, Counterfoil
Petty Cash Expenses
C-Form
F-Form
Original documents file like
o VAT Registration
o Service Tax Registration Certificate
o Shop & Establishment License
o Income Tax Audit Report
o Sales Tax Audit Report
Asset register for all the assets in the setup/branch with codification
38. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page37
4. Backup of Data
Create a separate folder for statutory Payments/ soft copy Documents
o VAT Payment
o VAT Returns
o Service Tax Payment
o Service Tax Returns
o TDS Payment
o TDS Returns
o TDS Certificate
Save them in hard disk/ pen drive.
Tally data backup is taken for all branches at Head Office.
39. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page38
5. Branch Control Account
Every Friday evening branch ledger copy will be sent to branch accountant for reconciliation of
branch and Head Office accounts, Branch needs to pass necessary entry in its books.
Coordination needs to be done between HO and Branch.
Refer Annexure “A” for list of designated Contact at Head Office.
40. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page39
6. TDS (Tax Deducted at Source)
Deduct & make the payment of TDS as per the provision of Income Tax Act & Rules.
For Apple Service Centre activity, TDS will be applicable on the below items:
o Employee Salary as per the income tax rules
o Rent (if above 15,000 per month)
o Purchase of APP (TDS to be deducted on Basic Bill Amount inclusive of Service Tax)
Note: TDS may be applicable on many other expenses and purchases, so please consult, corporate
office for applicability of TDS on other such items.
For any issue in TDS, you can call HO – Tax Manager/ Yash/ CFO
41. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page40
7. Service Tax (Reverse Charge Mechanism)
If the Company has availed the following services which are chargeable to service tax under
reverse charge mechanism then we need to calculate the Service Tax Liability and make the
payment accordingly.
o Goods Transport Agency Services
o Supply of Manpower Service
o Rent – a – cab Service
o Works Contract Services
o Security Services
o Advocate Services
Note: We have covered only some of category of Services under Reverse Charge Mechanism
concept which is applicable to our Apple Care Centre Related Transaction. Please consult your
Consultant before taking any decision on above.
42. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page41
8. Accounting of Tools & Spare & Information Technology Products
Tools & Spares
Tools and Spares purchase for the Servicing of Apple Products Should be accounted as Tools
and Spares under Fixed Assets.
First Pass aPurchase Entry in to Respective Purchase A/c i.e. OMS Purchase @ 2% or Purchase
@ 5% or Purchase @ 12.5% and then Pass a Separate Journal Entry for Transferring the
Amount to Tools & Spares under Fixed Assets.
Tools and Spares means the Product whose useful life is more than one year and which is not
stocked for Sale.
Tools and Spares whose useful life is less than one year need to be accounted as Consumable
stores & spare parts.
Parts which are used for replacement into products are not to be considered as Tools and
Spares.
Stock Item should be created under the Stock Group “Tools & Spares”.
Information Technology Products
Information Technology products means Laptop, Computers, Mobile Phones, IPAD etc which
are purchased for the use by the Organization or for Office Purposes and not for Sale.
Manager should provide proper information to Accounts department if there is any purchase
of above products for organization or office purpose.
Above Products should be accounted as Fixed Assets and not under Purchases.
43. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page42
9. Provisionfor Expenses / Prepaid Expenses at the Year End as per Accounting
Standard
Provision for Expenses or Prepaid Expenses at the Branches or Apple Care Centre for
Following Expenses.
o Telephone Expenses
o Mobile Expenses
o Internet Expenses
o Prepaid Rent
o Prepaid Computer Expenses (Ex. AMC for Computer Maintenance)
o Any other Provision or Prepaid Expenses.
Provision at the Corporate Office Only for following cases.
o Provision for Depreciation as per Companies Act.
o Provision for Income Tax.
o Provision for Deferred Tax.
44. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page43
10.Management Information Systems (MIS)
Reports from Branches:
Sr. No Report Date / Time it should
reach
Sent to Reference
1. Stock Report Every Monday – by 11
am.
Shiv
2. Finance Report Daily before Saurabh/Suresh/
3. Bank Reco.
Statement
Monthly before 3rd. Shiv/ Rutuja
4. Sundry Debtors
& Creditors
Monthly before 3rd. Suresh/ Shiv
5. Monthly
Finance report
Monthly before 3rd. Suresh/ Shiv
Note: Information to be provided without any variation in future, however a variation of 5% is
allowed in some unavoidable circumstances.
45. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page44
ANNEXURE – A
List of Designated Contact Persons - Head Office for Branch Accountants:
For Branch Accounts related Matter: -
Shiv / Saurabh / Sunil Singh
For Banking / Petty Cash & receipts & Payments:
Harshal
Reporting of Branch Accountant: All branch Accountant will have dual reporting,
a. For administrative purpose –
Branch Manager/ In charge
b. For Functional related – Head Office –
Vitthal/ Sunil (Tax)
Other Matters/ Escalation
Suresh Advani
Name Mobile No. Email ID
Suresh Advani 9920020094
Suresh.advani@b2x.com
Rajesh Rajak 8655633119
Rajesh.Rajak@b2x.com
Sunil Singh 7208025001
Sunil.Singh@b2x.com
Saurabh Karnik 9987503324
Saurabh.Karnik@b2x.com
Kulveer Singh 7040166459
Shiv Gupta 8898585681
Vithal Patil 9987730099
Vitthal.Patil@b2x.com
46. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page45
Annexure – B:
List of Authorization
Sr. No Voucher Type Branch
Authorization
Head Office
Authorization
Remark
1. Petty cash Voucher
(below Rs. 20,000)
Branch Manager Branch Coordinator Any Payment
in cash above
Rs. 20000/-
will be done
only after
approval of
CFO/ HO.
2. Petty Cash Voucher
(above Rs. 20,000)
Branch Manager CFO
3 Top-up card Refill Branch Manager CFO Based on
discussion /
vouchers
submitted at
HO.
4 Bank Payments Branch Manager CFO Proper
documents
submission.
5 Bank Receipts Voucher Branch Manager Report
submitted at
HO
6 Purchase of Fixed Assets Branch Manager COO/ Vertical Head Asset
Purchase
Form
7 Purchase of Stores/
Fixture/ Spares/ tool
Branch Manager or COO/ Vertical Head Requisition
form
8 Reversal of Sales Branch Manager or COO/ Vertical Head Sales
Reversal
47. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page46
Annexure - C
Vendor Registration Details
Vendor Registration form is to be sent to Head office – Accounts department (Sunil/ Shiv)
Vendor is created in CRM, in head office. Vendor Registration Form can be obtained from HO
– Accounts, which has to be sent to Mr. Ranjeet as well as Accounts team- Mr. Shiv/ Mr. Sunil/
Hari.
Confirm the VAT TIN No. or Service/ Tax Registration No., PAN No. of new Supplier before
creating their master in Tally. If the supplier is not providing the same, DO NOT BUY from
that supplier.
Annexure – E
Sundry Debtors & Sundry Creditors Statement to be sent every month to Head Office
Format:
Name
of Party
Bill
Reference
Bill date Total
Amount
30 Days 6O Days 90 Days 120
Days
Remark
Control Points for Samsung Accounts Departments:
48. Accounting Manual
(Samsung- Division) -Version-1
(Private & Confidential not for circulation)
Page47
1. For all out warranty cases:
1.1. Accountant or Branch Manager, should check all and correlated with Job Card as well
as TCR, stamp and sign both so as to confirm Job closed as well as money collected.
1.2. All collections should be deposited in bank, through CMS facility, in case CMS is not
there, it will be responsibility of Accountant to deposit money in bank.
1.3. In Head office, same needs to be checked, job wise amount deposited.
2. Insurance :
Job allocation card is allocated to engineer, when job gets over, accountant should should
verify from Portal for Syska, this task is to ensure if any Job done by Engineer, same can
be verified through AMS.
If Job is not registered, same need to be reported to Center Manager – if there is no
response, same needs to be reported to head office.
3. Stocks/ Stores:
3.1. For Material Requisition, raised in GSPN, engineer has to get the requisition singed by
Center Manager, then upload in GSPN copy of same is given to stores.
3.2. On receipt of Material, Stores to verify correctness of material received agaist job
card, and release material to the engineer.
3.3. All such job cards will be lying open, once old parts are replaced, which stores should
receive,
3.4. Branch Accountant, will check GSPN, calls enter in GSPN whether warranty/ in
warranty, co-ordinate with stores to check sam is recived, parts are submitted to
stores and same sent to Samsung.
4.