How to create provision for this year?
Please follow the steps below to create provision for this year :
Expense Tracker >> By Vendors >> Pass invoice entries as per provisional figures as on 31st March. This all will be shown as payable in report# 6. Outstanding Payments - By Expense Head
How to reverse the provisions of expenses made in last year which was not paid or half paid?
If provisions are passed through Journal Entry then the entry will be(Payment is not made) - Debit Credit Provision for expense A/c Expense A/c To Pass Journal entry, login to Admin Dashboard>>>General Ledger>>Journal Entries. If provisions is passed ...
How to upload the Last Year's Financial Statement?
When you start updating the accounting entries on ADDA, you can update the Last Year Financial Statement by creating journal entries: For example, if you have a Balance Sheet for the Year 2019-20, you can enter the details as opening balance as of ...
How to pass an Expense provision Entry if we have not received the Bills ?
Step 1. Create a Ledger "Provision For Expense"(E.g. Provision for Electricity) under General Ledger-->>Chart Of Accounts-->>Liabilities. Step 2. Go to General Ledger--->>Journal Entries Step 3. Pass a journal Entries Debit Expense Account and Credit ...
How to create ledger account?
Step 1: Go to Admin -->> General Ledger -->> Chart of Accounts Step 2: Select the respective option from Asset/Liabilities/Income/Expense for type of ledger account you want to create. Step 3: Select the Group from "Group" list box. Step 4: Enter ...
How to create groups on ADDA?
Please find below steps to create groups: 1. Login to MyADDA. 2. Under the tab for Groups, click on "Create a Group". 3. Enter the required details like Group name,description,etc. 4. Click on Create. You can also create the groups from ...