How to do a ledger book download#
Log in GST portal and download GST-1 and GSTR-3B and make reconciliation between GSTR-1, GSTR-3B and Books of accounts(sales).Check whether Gst is charged as per correct rate.Do F5 columnar in tally( to get Amount and Taxes in separate column).Check whether all expenses has been booked month wise.Check whether cash expenses amount is more than 10000/-, If yes the it would be disallowed to calculate income tax profit.Match with last year profit and loss A/c, check whether there is abnormal increase or decrease in expenses amount, if yes enquire about the reason for the same.If GST is applicable, check whether input GST credit is available and correctly taken or not.Do F5 columnar in tally (to get Amount and taxes in separate column).Provision for Bad debts, Any party to whom sales madeĪll provision except provision for bad debtsĪny income which related to main course of BusinessĪny branch whose separate accounting has been done Imnprest a/c, Petty cash, cash kept with employeeĪll types of investments like Investment in shares, Investment in Bonds, Long and short term investmentĪny payment or receipt from party whose name is not mentioned Loan from bank, Loans from outside party, Debentures a/c, Secured and unsecured loanĪll assets on which Depreciation has to be charged Etc.Īdvance to supplier, Loan given to any party, relatives or othersĪny party from whom Goods purchased or bill of expenses received
Only 2 accounts already created like cash, Profit and loss accountĪll Bank current account, all bank FD account ( personal savings a/c and FD not recordedĪll type of deposite like Security deposite, electricity deposite, Rent deposite etc.Īll type of capital a/c like share capital, drawings, etc.Īll prepaid, Receivables, accrued, GST Input credit, etc.
Here list of ledger under which group:- Group nameĪll type of Purchase like Purchase Local 12%, Purchase Interstate 12% etc.Īll type of sales like Sales Local 12%, Sales Interstate 12% etc.Īll Type of Taxes like Input GST, Out put GST, Tds payable, income Tax etc.Īll expenses which appear in Trading A/c(except Purchase)Īll expenses which appear in Profit and loss A/cĪll indirect Income like Discount received, Interest on Investment etc.
After that check Ledger group in tally software( for this use Ctr+Enter in Tally), while creating ledgers in Tally, we all face the problem of putting ledger in correct head. Note:- Opening balance will show only for ledgers of Different Assets and Liabilities of balance sheet not profit and loss A/CĢ.
How to do a ledger book software#
Take last year audited balance sheet from client and open Trial balance of current year in tally software, then check that last year closing balances in audited balance sheet is matched with current year opening balances in tally software (Trail balance).
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