Tag Archives: #FinancialRecordKeeping

What compliance measures should Motion Picture & Video Studios & Theatres follow to avoid tax audit issues?

Compliance measures   Motion Picture & Video: Studios & Theatres in India should follow specific compliance measures to avoid tax audit issues. These measures are crucial to ensure accurate financial reporting and adherence to tax regulations. 1. Proper Bookkeeping and Accounting Practices: Maintaining comprehensive and accurate financial records is essential. Studios and theatres should keep… Read More »

What are the key financial transactions that a online content creators should record?

Financial Record Keeping   Financial Record Keeping, Online content creators should maintain detailed records of various financial transactions to ensure accurate reporting and tax compliance. These transactions include: 1. Earnings: Record all sources of income, such as ad revenue, sponsorships, affiliate marketing earnings, and direct payments for services rendered. Keep track of payment dates, amounts, and… Read More »

How does a physiotherapist manage financial records for tax audits?

Financial Records for Physiotherapist   Financial records for physiotherapist, Here are some tips on how a physiotherapist can manage their financial records for tax audits: 1. Keep all financial records in one place: This will make it easier to find the information you need when you are audited. 2. Organize your records chronologically: This will make… Read More »

What are the key financial transactions that a Contractual Service Provider should record?

Monetization Taxation

Key financial transactions for Contractual Service Provider  Just like any business entity, a Contractual Service Provider must uphold precise and comprehensive financial records to guarantee effective financial management, adherence to regulations, and informed decision-making. The key financial transactions that a Contractual Service Provider should record include: 1.Revenue Transactions: Recording revenue generated from providing services to… Read More »

How to prepare financials of a company?

Process of completing financial statements

Preparing the financials of a company    Preparing the financials of a company involves several steps. Here is a general outline of the process: 1.Collect and Organize Financial Data: Gather all relevant financial information, such as transaction records, bank statements, invoices, receipts, and other supporting documents. Ensure that the data is accurate, complete, and organized… Read More »

Book keeping and Accountancy class 11?

Book keeping and Accountancy class 11

Book keeping and Accountancy class 11 Book keeping and Accountancy class 11, In Class 11, students are introduced to the fundamentals of bookkeeping and accountancy. The subject aims to provide students with a basic understanding of financial transactions, recording them accurately, and preparing financial statements. Here are some of the key topics cover in Class… Read More »

Q10.41 Bookkeeping accountant job description ?

Bookkeeping accountant job description

Bookkeeping accountant job description Website link Bookkeeping accountant job description A bookkeeping accountant, alternatively referred to as a bookkeeper or accounting clerk, assumes a vital position in upholding accurate financial records and verifying the precision of monetary transactions within an organization.. Here is a general job description for a bookkeeping accountant: Financial Record Keeping: Maintain… Read More »

How to get turnover certificate

Turnover Certificate

    Getting Turnover Certificate    Getting turnover certificate, you generally need to follow these steps: 1.Identify the Issuing Authority: Determine the authority or entity that can issue the turnover certificate. This could be your company’s finance department, an accountant, auditor, or any other designated personnel responsible for financial reporting. 2.Request the Certificate: Contact the… Read More »