Bookkeeping for Diagnostic Centre Yes, there is a threshold limit of Bookkeeping for Diagnostic Centre in India. Under the Income Tax Act, 1961, all businesses with a turnover of more than Rs. 20 lakhs in a financial year are required to maintain regular books of account. This includes diagnostic centers. The books of account must… Read More »
Diagnostic Centre Sure, here are some of the key financial transactions that a Diagnostic Centre should record in bookkeeping: 1. Patient payments: This includes cash, checks, and credit card payments received from patients for services rendered. 2. Accounts receivable: This is the balance of money owed to the diagnostic center by patients for services… Read More »
Book keeping For Media Houses Sure, there is a threshold limit of book keeping for media houses in India. Under Section 44AB of the Income Tax Act, 1961, a media house is required to maintain regular books of account and other documents if its turnover exceeds Rs. 25 lakhs in any financial year. This… Read More »
Bookkeeping for Automobile Dealers Yes, there are threshold limits for bookkeeping for automobile dealers. The threshold limit varies depending on the country or state. In India, for example, the threshold limit for bookkeeping for automobile dealers is ₹40 lakhs (INR 4 million). This means that if the annual turnover of an automobile dealer is less… Read More »
Automobile Dealers Should Record Bookkeeping Automobile Dealers should record Bookkeeping Of course, here are some essential financial transactions that an automotive dealer should document in their bookkeeping: 1. Vehicle sales and purchases: This includes the sale of both new and used vehicles, as well as the purchase of vehicles for resale. 2. Inventory: Automobile dealers… Read More »
Bookkeeping for media House Here are some of the key financial transactions that a Bookkeeping for media House: 1. Revenue: This includes all of the money that the media house generates from its sales of products or services, such as advertising, subscriptions, or merchandise. 2. Cost of goods sold: This is the cost of… Read More »
Bookkeeping of Restaurants & Hotels Certainly, here are some effective methods for maintaining proper Bookkeeping of Restaurants & Hotels: 1. Opt for the Appropriate Accounting System: Selecting the right accounting software is crucial. Opt for a program tailored to the hospitality sector that caters to your business’s unique requirements. Notable choices encompass QuickBooks, Xero,… Read More »
Financial transactions a Restaurants & Hotels Certainly, here are some of the key Financial transactions a Restaurants & Hotels should record: 1. Sales: This includes all revenue generate from the sale of food, beverages, and other products or services. 2. Cost of goods sold (COGS): This is the cost of the food, beverages, and… Read More »
Financial Transactions Financial Transactions Of course, here are the essential financial transactions that a real estate agent ought to document in their bookkeeping: 1. Income from commissions: This is the primary source of income for most real estate agents. It is important to… Read More »
Importance of Accurate Bookkeeping Sure, here are some of the key importance of accurate bookkeeping for textile and clothing traders: 1. Importance of Accurate Bookkeeping: Helps to track financial performance: Accurate bookkeeping helps textile and clothing traders to track their financial performance by providing them with a detailed record of their income and expenses.… Read More »