Audit Queries
How to post Journal Entries?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Journal Entries -->> Enter the details of the Journal Entry like the Debit Amount, Credit Amount, Select the GL Account, Journal Date, etc-->> Click on Submit.
How to do Bank Reconciliation?
Log in to ADDA -->> Admin Dashboard -->> Bank & Cash -->>Bank & Cash Accounts -->>Please select the Date Range, and the relevant Bank Account -->> The view you see is just the same transactions as entered in Income Tracker (all collections), Expense ...
How to view transactions made using ADDA Payment Gateway?
Log in to ADDA -->> Admin Dashboard -->> Bank & Cash -->> Reports -->> Report 1. ADDA Payment Gateway NEFT Txns.
How to view all the Withdrawals or Deposits made in the Bank?
Log in to ADDA -->> Admin Dashboard -->> Bank & Cash -->> Transfer -->> You will be able to view Withdrawals or Deposits made in the Bank.
How to view the Cash Book?
Cash is treated just like any other Bank Account. Log in to ADDA -->> Admin -->> Admin Dashboard -->> Bank & Cash -->> Bank & Cash Accounts-->> Please select the Petty Cash / Cash account from the list of Bank/Cash, and click on “Fetch Transactions” ...
How to check the list of steps to be completed before closing the profit and loss?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Please find the option “Perform Year End” -->>Make a note of activities mentioned here and click on status accordingly Done/N.A or Not Done.
How to close Profit & Loss account (Income And Expense Accounts)?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Please find the option “Perform Year End” -->> After checking all activities freeze option will start showing. Once you click on it, the accounting year will be freezed. ...
How is the accounting period closed?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Please find the option “Perform Year End” -->> After checking all activities freeze option will start showing. Once you click on it, the accounting year will be freezed.
As an auditor, how do I get all transactions in Excel?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Select the Date Range desired -->>Click on “Generate Trial balance” -->> You can export all transactions by scrolling down to the bottom of the page.
How do I obtain the Trial Balance in Excel as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Select the Date Range desired -->> Click on “Generate Trial balance” -->> You can export to Excel by scrolling down to the bottom of the page.
How do I view individual transactions by account head as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Select the Date Range desired -->>Click on “Generate Trial balance” -->> Click on the desired Account ledger name to get an expanded view of all transactions.
How should an auditor view the Trial Balance?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->>Trial Balance -->>Select the Date Range desired -->>Click on “Generate Trial balance”.
How do I view the TDS Remitted Report as an auditor?
Log in to ADDA -->> Admin Dashboard -->> Bank & Cash -->> Reports -->> 18. TDS Remitted Report.
How do I view the TDS Payable Report as an auditor?
Log in to ADDA -->> Admin Dashboard -->> Bank & Cash -->> Reports -->> 3. TDS Payable.
How do I view the GST Income Report as an auditor?
Log in to ADDA -->> Admin Dashboard -->>Income Tracker -->> Reports -->> 11. Income GST Report - For Remittance.
How do I view the GST Expense Report as an auditor?
Log in to ADDA -->> Admin Dashboard -->> Expense Tracker -->> Reports -->>3. GST Report of Expenses.
Can the Admin Reports be printed?
Yes all reports in “Admin Reports” can be printed or exported to Excel (If transaction report).
How do I view the Balance Sheet, Profit and Loss Statement as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 14. Balance Sheet, Profit & Loss Report.
How do I view the Vendor - Account Statement as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 13. Vendor - Account Statement Report.
How should an auditor view Expense - Vendor - Bills?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 12.Expense - Vendor - Bills Report.
How do I view the Unit-Closing Balance as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 11. Unit - Closing Balance
How do you see Credit Note Breakup as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->>9. Credit Note Breakup.
How do you see Refundable Deposit as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->>8. Refundable Deposit Report.
How should an auditor view Liability - Payables?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 7. Liability - Payables Report.
How do you see Advance - Members as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->>6. Advance-Members Report.
How should an auditor view Receivable Members (Principal, Interest)?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->>5. Receivable Members (Principal, Interest).
How do I see Receivable - Non Members as an auditor?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 4. Receivable - Non-Members Report.
How should an auditor view Advance - Vendors?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 2. Advance - Vendors Report.
As an auditor, how should I view the Receivable Members Summary Report?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 3. Receivables - Members Report.
How to see the Income Summary Report?
Log in to ADDA -->> Admin Dashboard -->> General Ledger -->> Reports -->> 1. Income Summary Report.
How the Auditor can login to ADDA?
Go to ADDA -->> Click on "Sign In", and enter the Login ID and Password sent to your (Auditor) Email-Id.
How to give access only to reports for Auditors?
To grant your Auditor access to ADDA, kindly follow the steps below: Step 1: Log in to ADDA and navigate to the Admin Dashboard -->> Units and Users -->> Access Control -->> Office Staff Step 2: Select "Add New Staff" and enter your Auditor ...
How to give access of ADDA to your Auditor?
To grant your Auditor access to ADDA, kindly follow the steps below: Step 1: Log in to ADDA and navigate to the Admin Dashboard -->> Units and Users -->> Access Control -->> Office Staff Step 2: Select "Add New Staff" and enter your Auditor ...
How do you round off Paisa balance in Sundry Debtors at the time of closing the books of accounts?
Please follow the steps below to round off Paisa balance in Sundry Debtors at the time of closing the books of accounts Under chart of accounts >> Income a head called Round off is available- Post invoices(Select income account "Round off") where ...
What is the Journal Entry to transfer SGST/CGST(Input/Output) to GST and also please show the GST remittance entry?
Please login to Admin Dashboard>>Bank and Cash>>Taxes(To find the GST Payable amount). To pass journal entry, Login to Admin Dashboard>>General Ledger>>Journal Entries. Debit Credit 1) State GST A/c Input State A/c GST 2) Output State GST A/c ...
What do you mean by GST?
The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST ...
What do you mean by TDS?
Tax Deducted at Source or TDS is a means of collecting income tax in India. The provisions related to TDS are governed by the Income Tax Act of 1961. The law states that any permissible payment shall be paid after deducting prescribed percentage as ...
If there is no output GST what will happen to Input GST, Where will this be accounted in ADDA and why?
Though Input GST is a liability, it will not reflect in liability if there is no output GST, the input GST will be treated as expenses and moved to expenses. Note : This is only a suggestion. For Audit related Accounting clarifications, please ...
What do you mean by bank reconciliation statement and why do we create it?
A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to ...
How Can I get the Fixed deposit module from ADDA itself?
Please follow the steps below to get the Fixed deposit module from ADDA itself : Log in to Admin Dashboard>> Bank & Cash >> Fixed Deposits >> You can add your all activate fixed deposit and this can be used to prepare the Fixed deposit module at the ...
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