I am not into bookkeeping. I don't know how to do things like putting something on the ledger book and journal book. I can't do it... I don't know how... please help. Where can I find formats of what I need to do or put on those accounting books?
Thanks in advance.
Gim
From Philippines, Makati
Acknowledge(1)
Amend(0)
1Thanks in advance.
Gim
From Philippines, Makati
Acknowledge(1)Amend(0)
Subject: Bookkeeping
Hi there! It is really a big problem when you do bookkeeping without any background information on it at all. You see, for you to be able to do it correctly, you need to have an understanding of the accounting jargon, account titles, and their proper classification. Anyway, to give you a head start, see the attached document.
I hope this would help you. Good luck!
From India, Calcutta
Acknowledge(0)Amend(0)
Hi there! It is really a big problem when you do bookkeeping without any background information on it at all. You see, for you to be able to do it correctly, you need to have an understanding of the accounting jargon, account titles, and their proper classification. Anyway, to give you a head start, see the attached document.
I hope this would help you. Good luck!
From India, Calcutta
Acknowledge(0)Amend(0)
I am not into bookkeeping. I don't know how to do things like putting something in the ledger book and journal book. I can't do it... I don't know how... please help. Where can I find formats of what I should do or put in those accounting books?
Thanks in advance,
Regards
From India, Delhi
Acknowledge(0)Amend(0)
Thanks in advance,
Regards
From India, Delhi
Acknowledge(0)Amend(0)
Hi, it is really not a big issue if you start to learn Accounting Concepts. Take an Accounting Book and check in the first chapter what is Personal/Real and Nominal account; that is the base of Accounting.
We need to know which position you are in and what activities you need to perform. See, if you need to do Vendor Management for those supplying Goods or Services to your company and sending you Invoices; they come under Accounts Payable. Mostly, you need to use Nominal Accounts e.g., all Expenses and Losses are debited and all Incomes and Gains are credited. Personal Accounts: Debit what comes in and Credit what goes out. Real Accounts: Debit the Receiver and Credit the Giver. According to this, you need to pass entries in Tally or any Accounting software.
If you are in Customer Management, then it comes under Accounts Receivable. Whatever product or service you are selling for revenue purposes falls under this category. For passing entries, you may follow the above rules. Some month-end closing reports like Aging, Cash flow, etc., need to be prepared at month-end. Once you complete month-end, the Ledger will be closed, but before that, you need to check whether entries were correct. If not, you need to pass or rectify those entries. Apart from this, BRS (Bank Reconciliation Statement): if you are a user of SAP, then there you need to follow all accounting procedures through Transaction Codes like Invoice Process F-44 for Cash Application (AR), FEBA, Auto match/Non-Automatch, GL Clearing, etc. Hope these above things will be useful for you; otherwise, visit pahechan.in and join our professional forum. Thank You. Prasant.
From India, Bangalore
Acknowledge(0)Amend(0)
We need to know which position you are in and what activities you need to perform. See, if you need to do Vendor Management for those supplying Goods or Services to your company and sending you Invoices; they come under Accounts Payable. Mostly, you need to use Nominal Accounts e.g., all Expenses and Losses are debited and all Incomes and Gains are credited. Personal Accounts: Debit what comes in and Credit what goes out. Real Accounts: Debit the Receiver and Credit the Giver. According to this, you need to pass entries in Tally or any Accounting software.
If you are in Customer Management, then it comes under Accounts Receivable. Whatever product or service you are selling for revenue purposes falls under this category. For passing entries, you may follow the above rules. Some month-end closing reports like Aging, Cash flow, etc., need to be prepared at month-end. Once you complete month-end, the Ledger will be closed, but before that, you need to check whether entries were correct. If not, you need to pass or rectify those entries. Apart from this, BRS (Bank Reconciliation Statement): if you are a user of SAP, then there you need to follow all accounting procedures through Transaction Codes like Invoice Process F-44 for Cash Application (AR), FEBA, Auto match/Non-Automatch, GL Clearing, etc. Hope these above things will be useful for you; otherwise, visit pahechan.in and join our professional forum. Thank You. Prasant.
From India, Bangalore
Acknowledge(0)Amend(0)
I am basically a technical student, but I am working in the accounts field, so somehow, I have become an expert in handling accounts in my organization. Currently, I am preparing for departmental exams where I will have a paper on Advanced Accountancy. I feel that there might be some tricks or logical approaches to studying and remembering the accounting rules effectively. Could you please guide me on how to tackle this subject? I have the syllabus up to final accounts.
Thank you.
From India, Hubli
Acknowledge(0)Amend(0)
Thank you.
From India, Hubli
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Master chart of cost accounting records rules.doc
Human Resource Accounting.pdf