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Your cash journal \$ and your bank statement \$ don't match? A bank reconciliation is the way to go! Review how a bank reconciliation is performed and learn about what you might consider when auditing a client's bank reconciliation.
Views: 512221 AmandaLovesToAudit

13:38
Matching transactions (reconciling) using Excel Pivot Tables | ExcelTutorials Learn how to reconcile (or match) transactions using Excel Pivot Tables. Example workbook and more here: http://chandoo.org/wp/2014/06/10/matching-transactions-pivot-tables/ Do Subscribe, Like & Share my video if you like!! Click The Below Link To SUBSCRIBE: https://www.youtube.com/channel/UC8uU_wruBMHeeRma49dtZKA
Views: 153638 Learn Excel from Chandoo

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Download Excel File: http://people.highline.edu/mgirvin/ExcelIsFun.htm See how to create Aging Accounts Receivable Reports On Multiple Sheets With PivotTable where or not there are duplicate records: 1) (01:49 min) Days Late Helper Column Formula: TODAY function and relative cell reference 2) (02:46 min) Report Category Helper Column Formula using VLOOKUP 3) (03:45 min) Unique identifier Helper Column Formula using COUNTIF, expandable range and Join Symbol 4) (05:55 min) PivotTable based on Invoice Column 5) (08:48 min) PivotTable based on Unique identifier column What is an Aging Report: ﻿Aging means how many days past the due date the invoice is. Accounts Receivable Customers must pay their bill by a certain date, if they pay late, they would be listed in one of the aging reports. If they are 1-30 days late, they are listed in the first report. 31-60, the second. And so on. Further, once the customer is so late, like 300 days, the company stops wasting its time trying to collect and writes the Accounts Receivables amount as "Bad Debt" and runs that expense through the Income Statement.
Views: 91380 ExcelIsFun

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Step 1: Tick off items that appear on the bank statement as well as the cash book (known as 'matched' items) Step 2: Update the cash book for all items that appear on the bank statement but are not currently shown in the cash book e.g. bank charges (we won't know about items like this until we receive the bank statement). Balance off the Cash Book. Step 3: Reconciliation: start with the end date bank statement balance and; ADD: receipts shown in the cash book but are not on the bank statement yet. DEDUCT: payments shown in the cash book but are not on the bank statement yet. The amount you end up with should be equal to the brought down balance in the Cash Book. www.accountancylearning.co.uk
Views: 170502 Accountancy Learning Ltd

09:42
Download Files: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/EMT1464.xlsx Entire page with all Excel Files for All Videos: http://people.highline.edu/mgirvin/excelisfun.htm Learn about how to check whether or not an item in is a list using the MATCH Function. Learn three different formula that may work for your situation: 1. (00:11) Introduction 2. (00:53) Excel New Windows & Arrange All features to show different sheets in same workbook on screen at same time. 3. (02:54) Formula #1 to check whether item is in a list using MATCH and ISNUMBER functions. 4. (06:14) Formula #2 to check whether item is NOT in a list using MATCH and ISNA functions. 5. (07:13) Formula #3 to check whether item is in a list using IF and MATCH and ISNUMBER functions. This formula puts the text “Found” or “Not Found” in cell. 6. (08:30) Conclusion
Views: 9403 ExcelIsFun

36:33
Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The Summation of Accounts Receivable Agrees with the Master File and the General Ledger Most tests of accounts receivable and the allowance for uncollectible accounts are based on the aged trial balance. An aged trial balance lists the balances in the accounts receivable master file at the balance sheet date. Recorded Accounts Receivable Exist Confirmation of customers’ balances is the most important test of details of balances for determining the existence of recorded accounts receivable. When customers do not respond to confirmations, auditors also examine supporting documents to verify the shipment of goods and evidence of subsequent cash receipts to determine whether the accounts were collected. Normally, auditors do not examine shipping documents or evidence of subsequent cash receipts for any account in the sample that is confirmed, but they may use these documents extensively as alternative evidence for nonresponses. Existing Accounts Receivable Are Included It is difficult for auditors to test for account balances omitted from the aged trial balance except by relying on the self-balancing nature of the accounts receivable master file. For example, if the client accidentally excluded an account receivable from the trial balance, the only likely way it will be discovered is for the auditor to foot the accounts receivable trial balance and reconcile the balance with the control account in the general ledger. Accounts Receivable Are Accurate Confirmation of accounts selected from the trial balance is the most common test of details of balances for the accuracy of accounts receivable. When customers do not respond to confirmation requests, auditors examine supporting documents in the same way as described for the existence objective. Auditors perform tests of the debits and credits to individual customers’ balances by examining supporting documentation for shipments and cash receipts. Accounts Receivable Are Properly Classified Normally, auditors can evaluate the classification of accounts receivable relatively easily, by reviewing the aged trial balance for material receivables from affiliates, officers, directors, or other related parties. Auditors should verify that notes receivable or accounts that should be classified as noncurrent assets are separated from regular accounts, and significant credit balances in accounts receivable are reclassified as accounts payable. Cutoff for Accounts Receivable Is Correct Cutoff misstatements exist when current period transactions are recorded in the subsequent period or vice versa. The objective of cutoff tests, regardless of the type of transaction, is to verify whether transactions near the end of the accounting period are recorded in the proper period. The cutoff objective is one of the most important in the cycle because misstatements in cutoff can significantly affect current period income. For example, the intentional or unintentional inclusion of several large, subsequent period sales in the current period — or the exclusion of several current period sales returns and allowances — can materially overstate net earnings. Cutoff misstatements can occur for sales, sales returns and allowances, and cash receipts. For each one, auditors require a threefold approach to determine the reasonableness of cutoff: Decide on the appropriate criteria for cutoff. Evaluate whether the client has established adequate procedures to ensure a reasonable cutoff. Test whether the cutoff was correct. Sales Cutoff Most merchandising and manufacturing clients record a sale based on shipment of goods criterion. However, some companies record invoices at the time title passes, which can occur before shipment (as in the case of custom-manufactured goods), at the time of shipment, or subsequent to shipment. For the correct measurement of current period income, the method must be in accordance with accounting standards and consistently applied. Sales Returns and Allowances Cutoff Accounting standards require that sales returns and allowances be matched with related sales if the amounts are material. For example, if current period shipments are returned in the subsequent period, the sales return should appear in the current period. (The returned goods should be treated as current period inventory.) Cash Receipts Cutoff For most audits, a proper cash receipts cutoff is less important than either the sales or the sales returns and allowances cutoff because the improper cutoff of cash affects only the cash and the accounts receivable balances, not earnings. Nevertheless, if the misstatement is material, it can affect the fair presentation of these accounts, especially when cash is a small or negative balance.

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This video discusses the difference between book income and taxable income in the United States. Book income is pre-tax financial income that is reported on an accrual basis in accordance with U.S. GAAP (generally accepted accounting principles). Book income is the income that is reported on the financial statements (the Income Statement). Taxable income, on the other hand, is that which is computed for purposes of filing the corporation's income tax return. There are many differences between book income and taxable income. This is because book income and taxable income have different objectives. Book income measures the change in a corporation's wealth and is used by investors and creditors to predict the timing and certainty of the firm's cash flows. Taxable income is computed on a modfied cash-basis and is based on the ability-to-pay doctrine (when a taxpayer receives cash, he or she is able to pay the tax on it even if the revenue hasn't been "earned"). Taxable income is used to compute the firm's tax due to raise revenue for the United States government. The differences between book and tax income can be temporary (this means the difference will reverse in a future period) or permanent (this means the difference never reverses). Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 31846 Edspira

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This video presents two simple functions in Microsoft Excel, that can be used to create meaningful Management Information System reports. The same functions and procedure can also be utilized for reconciling data.

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Over time you will collect many lists of Excel data. It can be a challenge to compare the contents of one list with the contents in another list. For example, to find out which customers do not exist in another list. In this lesson I demonstrate three techniques that you can use to compare Customer lists: 1) The =MATCH() Function 2) The VLookup() Function 3) Pivot Tables I invite you to visit my website - www.thecompanyrocks.com - to view all of my video lessons.
Views: 670715 Danny Rocks

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Following from our previous segment, this video will take you step-by-step through the differed tax calculation. __ Previous Video - Income Tax Accounting (IFRS) | Calculating Current Income Tax Expense - Part 2 of 4: https://youtu.be/bx3uBdDjN3M Next Up - Income Tax Accounting (IFRS) | Journal Entries and Financial Statement Presentation - Part 4 of 4: https://youtu.be/7oj4mov9S6o
Views: 15009 HumberEDU

09:11
Accounting to determine the proper amount of cash which should be reported on the company's balance sheet when there are errors in recording checks either as deposits from customers (including NSF checks) or expenditures by the company and corrections for cash receipts or disbursments by the company's bank that which have not been recorded on the company's books, example shows how these errors affect cash account per the company's books and how to calaculate the amount of cash increase or decrease based on the type of error (check amount written does not agree with the amount recorded on the books either as a disbursement or receipt), example shows how to reconcile a companys bank statement to the balance per the companys books for all the addition and deduction items apprearing in the "Balance per Depositors (companys) Books" section of the bank reconcilation schedule to determine the correct cash balance per the company's book, detailed accounting example by Allen Mursau
Views: 25702 Allen Mursau

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Trial balance in accounting (with 3 GOLDEN RULES) simple tutorial and easy to understand, In this video we discussed, what is real account, nominal account, personal account, credit... in simple manner, hope this will help you to understand the trial balance easily. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research * Statistics ▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 6383617203 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── What is trial balance Trial balance in accounting
Views: Kauser Wise

05:10
http://www.computergaga.com/blog/compare-two-lists-to-highlight-matched-items/ Compare two lists in Excel to identify the matched records. Highlight the duplicate, or the unique records, by comparing two lists using the Match function and Conditional Formatting.
Views: 536610 Computergaga

12:09
Take my 3-day virtual course on QuickBooks Desktop: https://quickbooks.teachable.com/p/quickbooks-desktop-basics Use Coupon code HECTOR95 to pay \$95 instead of \$149 ! Hector covers how to fix reconciliation discrepancy using the reports
Views: 22464 Hector Garcia CPA

07:42
Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 69301 Candus Kampfer

05:37
http://www.accounting101.org/how-to-do-a-balance-sheet How to do a balance sheet: a balance sheet is a financial document that shows the assets, liabilities, and owners' equity of a company at a given point in time. It's different from the income statement in that it is a snapshot on any given day, whereas the income statement spans a time period. Most companies prepare their balance sheets quarterly and yearly. How To Do A Balance Sheet To put together a balance sheet, you'll obviously need all of the financial data from your different trial balances. In reality, the information for a balance sheet starts with the individual transactions, but the purpose of this article is just to show you how to organize a balance sheet. First of all, there are two sides to the balance sheet: the right and left side. On the left side, you'll have your assets. On the right side, you'll have two sections: liabilities and owners' equity. The left and right side will always be equal, and the main balance sheet equation is: Assets = Liabilities + Owners' Equity This makes sense because the Assets are on the left side, and it will always equal what is on the right side, which is the Liabilities and Owners' Equity accounts added together.
Views: 949131 SuperfastCPA

14:44
In this video tutorial learn how to find matches in two worksheets in Microsoft Excel.

01:15:42
Lecture 9: Cash Receivables Professor Carolyn Levine This lecture is about Cash and Accounts Receivables and its importance in the financial statements of a company. Cash is not always so straightforward and there are different types of cash. For example, cash that is set aside for another purpose is called restricted cash and cannot be considered cash in the traditional sense. There are also many different types of receivables discussed in this session, along with examples to aid in the learning of these topics. Restricted cash must be reported separately from cash (for example, cash that has been set aside for plant expansion, retirement of long-term debt, and compensating balances). Bank overdrafts are reported as current liabilities unless another account at the same bank has sufficient funds to cover. Credit card sales are when customers pay using credit cards and the company incurs a "service charge." The bank issuing the credit card settles the transaction, often within the same day. Credit sales, on the other hand, involve extending credit to customers directly, such as accounts receivable (oral promises to pay for goods or services) and notes receivable (written promises to pay for goods or services). Non-trade receivables include advances to officers and employees, advances to subsidiaries, deposits to cover potential damages or losses, deposits as a guarantee of performance or payment, dividends, and interest receivable. It also includes claims against insurance companies for casualties sustained, defendants under suit, governmental bodies for tax refunds, common carriers for damaged or lost goods, creditors for returned, damaged, or lost goods, and customers for returnable items (crates, containers, etc). The gross method assumes the discount is something acquired, while the net method assumes the discount is something that is forfeited (i.e. you have it by default and then DECIDE not to take it). A company should measure receivables in terms of their present value. However, receivables arising from transactions with customers in the normal course of business which are due in customary trade terms not exceeding approximately one year are excluded from present value considerations. Although the company does not know which customers will not pay, it is inevitable that some will not (i.e. it is likely that a loss will be incurred). This is considered a cost of doing business. While some may say that credit should not be issued at all, that can cause problems. If no credit is extended, it may decreases sales more than the cost of not collecting money. In other words, the benefits provided by allowing credit outweighs the risk of customers not paying off what they owe. There are two methods to address / account for customers that do not pay. One is the direct write-off method (which is not GAAP unless there is an immaterial difference between it and the allowance method) and the other is the allowance method. Since loss is likely and can be reasonable estimated, the company should record an expense. It uses historical data to determine the expense. Revenues must be properly matched with expenses, and receivables must be properly valued. When an expense is recorded, the entry we make is a debit to bad debt expense and a credit to the allowance for doubtful accounts. The allowance for doubtful accounts reduces the value of accounts receivable and leads to a valuation of accounts receivable that approximates "net realizable value." The methods for determining expense for the period are the percentage of sales (income statement oriented) and the aging of receivables (balance sheet oriented). The percentage of sales method states that if there is a stable relationship between cash and credit sales, take a percentage of credit sales to estimate bad debt expense. For example, if historically speaking, 2% of credit sales have been bad debts (in the past), and the company makes sales of \$100,000, it should assume that its bad debt expense is \$2,000. It ignores the existing balance in the allowance account and focuses only on the current credit sales to determine the expense. Different percentages can be used across different product lines. When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account. The write-off itself has no effect on income. Restricted Cash 1:35 Credit Sales vs. Credit Card Sales 6:58 None-Trade Receivables 13:48 Trade Receivables 15:28 Gross vs. Net Method 28:57 What about Interest? 40:24 What happens when a customer does NOT pay? 42:06 Allowance Method 47:40 Allowance for Doubtful Accounts 50:32 Details on Methods 57:51 Percentage of Receivables 1:00:18 Recording Bad Debts 1:03:28 To Write Off non-collectible's 1:09:56
Views: 19520 Rutgers Accounting Web

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***Updated Video*** https://youtu.be/imqek3YHuG4 Get Your QuickBooks Online 30 Day Free Trial: http://fitsmallbusiness.com/goto/quickbooks-online In this lesson, we’re going to cover how to reconcile bank accounts in QuickBooks Online. It is important that you reconcile your business credit card accounts on a monthly basis. Reconciling is the process of matching the transactions on your credit card statement to what you have recorded in QuickBooks Online. ====================================================== Access Our Course On How To Set Up QuickBooks Online: http://fitsmallbusiness.com/how-to-set-up-quickbooks-online/?utm_source=youtube&utm_medium=video&utm_campaign=QBO ====================================================== Module 1 Lesson 12: How To Set Up A Chart Of Accounts In QuickBooks Online http://fitsmallbusiness.com/set-up-chart-of-accounts-quickbooks-online/?utm_source=youtube&utm_medium=video&utm_campaign=QBO ====================================================== Module 5 Lesson 1: How To Manually Enter Business Credit Card Transactions In QuickBooks Online http://fitsmallbusiness.com/how-to-manually-enter-business-credit-card-transactions-in-quickbooks-online/?utm_source=youtube&utm_medium=video&utm_campaign=QBO ====================================================== Subscribe For More Videos On How To Set Up QuickBooks Online and help your business succeed http://www.youtube.com/subscription_center?add_user=FitSmallBusiness ======================================================

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Accounting for deferred tax asset, deferred tax liability & permanent tax difference, reconcile pretax financial income with taxable income to determine taxable income & pretax financial income, knowing the tax payable (current tax), taxable income = (tax payable/tax rate), taxable income is reconciled to pretax income, adjust taxable income by the differences between tax & financial income for (1) permanent differences, (2) future deductible amounts, (3) future taxable amounts to determine the pretax financial income, to determine the tax expense must calculate any DTA & DTL's, deferred tax asset (DTA) = (future deductible amounts x future tax rate), deferred tax liability (DTL) = (future taxable amounts x future tax rate), tax expense = tax payable adjusted for any DTA & DTL, tax expense is classified between (1) current (tax payable) & deferred portion (difference between DTA & DTL), detailed accounting by Allen Mursau
Views: 13157 Allen Mursau

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Views: 34825 Chegg

01:15:24
Introduction to Financial Accounting Lecture 6: Accounting for Natural Resources and Intangible Assets; Bank Reconciliation and Petty Cash Transactions by Victoria Chiu Recap: 0:08 Natural Resources: 1:30 Depletion Expense: 3:46 Intangible Assets: 6:23 --- Goodwill: 8:16 --- Exercise: 18:34 Internal Control & Cash: 23:43 --- Internal Control: 25:23 --- Control Documents of a Bank Account: 29:27 Bank Reconciliation: 38:12 --- Cash account in general ledger and Bank statement: 34:07 --- Summary of Reconciling Items: 40:00 Journalizing Transactions from the Reconciliation: 41:31 Exercise Preparing a Bank Reconciliation: 44:04 Petty Cash Transactions: 1:00:16 --- Setting Up the Petty Cash Fund: 1:02:30 --- Making Payments: 1:03:27 --- Imprest System: 1:04:30 --- Replenish Petty Cash: 1:05:13 ------ Replenishment; Cash Short and Over: 1:05:47 Exercise: 1:09:28 To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html

10:16
Latest Class of GSTR 3B - Uploaded in November 2018 : https://www.youtube.com/watch?v=ExXNXRXNB6E Visit us : https://www.onlinecca.com/
Views: 629820 Amar Jeet Singh

09:19
Learn Input output GST Adjustment Entries in Tally ERP-9, Tally GST Return Adjustment, How to Pass Adjustment Journal Entries for Input IGST, Input CGST, Input SGST Account with Output IGST, Output CGST, Output SGST Account in Tally for GST Return. It is Full Step by Step Tally GST Accounting Tutorial in Hindi. This Tally Hindi Video Tutorial Based on Advance, Professional, expert Tally courses. It is a Part of RSCFA Course. Click to Watch All Videos on GST Accounting Entries in Tally Day by Day – https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYN Visit Our Website: http://www.cpitudaipur.com Visit Our Blog: http://cpitudaipur.blogspot.in/ Like Our Facebook Page: http://facebook.com/cpitudr Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg

17:51
Accumulated adjustment account, AAA, separately stated item, non-separately stated items, S corporation, , shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination, taxation

12:44
Accounts Payable vs. Accrued Expenses on the 3 Financial Statements: Why Does It Matter? By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" It's a common interview question! You may be asked about the differences between them, how changes are reflected on the 3 financial statements, and so on. And most Google search results on this topic are AWFUL and do not answer the actual question at all, or do so in a confusing way that misses the point (trust me, I looked). THE SHORT ANSWER: Accounts Payable (AP) and Accrued Expenses (AE) work in a VERY similar way... IF they both correspond to Operating Expense line items, or other items that appear directly on the Income Statement. However, AP is more likely to correspond to events such as the purchase of Inventory, which would NOT show up on the Income Statement initially, and so you're more likely to see different treatment with Accounts Payable (no Income Statement impact - just an Asset on the Balance Sheet increasing and AP on the Liabilities & Equity side increasing to balance the change). Both these items represent cases where we've INCURRED an expense but not actually paid for it in cash yet. Example 1: We get an invoice for a legal bill from a law firm we hired. They already performed the service, so we incurred the expense, but we haven't paid them in cash yet. Example 2: We pay rent at the beginning of each month. In between, that expense accrues because we use the building or office every day of the month... so it's not accurate just to view it as an expense on one day of the month, but rather an expense that gets accrued every single day and then paid in cash at the beginning of the month. Example 1 corresponds to Accounts Payable, because we typically use AP for items with specific invoices. Example 2 corresponds to Accrued Expenses, which we typically use for recurring, monthly/quarterly/weekly items WITHOUT specific invoices, such as rent, utilities, employees' wages, and so on. What Happens on the 3 Statements When AP or AE Change? IF they both correspond to COGS or Operating Expenses IN THE CURRENT PERIOD and therefore refer to actual expenses listed on the Income Statement: Let's use the example of AP or AE of \$100 on the 3 statements: 1) Income Statement - Expenses (most likely OpEx) will increase by \$100, reducing Pre-Tax Income by \$100 and Net Income by \$60 assuming a 40% tax rate. 2) Cash Flow Statement - Net Income is down by \$60, but this expense we just recognized was non-cash, so we record the increase in AP or AE as a cash increase of \$100. Our cash flow and ending cash at the bottom are up by \$40. 3) Balance Sheet - Cash is up by \$40 on the Assets side; on the L&E side, AP or AE is up by \$100, but Retained Earnings is down by \$60 due to the reduced Net Income, so both sides are up by \$40. INTUITION: You've saved on taxes because you recorded an expense, took the tax deduction, and reduced your tax bill... but you haven't paid that expense in cash yet! It's all about the tax savings in this first step. Now, Step 2: What Happens When You Pay the AP or AE in Cash, For Real 1) No changes on the Income Statement - already recognized this as an expense! 2) Cash Flow Statement: Net Income is still down by \$60... and now we REMOVE that adjusting entry for AP or AE, so cash no longer goes up by \$100 from that. As a result, cash at the bottom is just down by \$60. 3) Balance Sheet: Cash is now down by \$60 rather than being up by \$40, because we just paid that expense in cash. On the other side, AP or AE is now back to its old level and is no longer up by \$100. Retained Earnings is still down by \$60, so both sides are down by \$60 and balance. BUT HERE'S THE IMPORTANT DIFFERENCE BETWEEN THEM: AE almost always correspond to Operating Expenses or other Income Statement expense items... but Accounts Payable often do not. EXAMPLE: Company buys \$100 of Inventory on credit - supplier sends over the Inventory, "in good faith," and sends the company an invoice, which goes to its Accounts Payable account. In this case, there are NO CHANGES on the Income Statement because nothing happens there until this Inventory is turned into products and sold to customers! Instead, Inventory on the BS simply goes up by \$100, and AP on the other side goes up by \$100 to balance it. That scenario happens a lot with AP, but very-rarely-to-never with AE. Further Resources http://breakingintowallstreet.com/biws/3-statement-excel-model-interview-questions/

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http://www.online-tutorial.net This Banking Reconciliation Lesson below is Quickbooks Banking & Credit Card Video 2 of 2. Quickbooks 2013 - Banking Reconciliation Second Video will cover Banking and Credit Card Reconciliation. Reconciliation is vital to keeping your books and record 100% accurate. Having accurate books means lowering your chance of an audit, or while being audited, lowering your chances of the IRS finding errors and taking you. When you do a Bank Reconciliation, you want to match all the transactions on the street to the ones in the bank or credit card statement. Once you match all the transactions, you will notice that the difference to balance is \$0. NOTE: If you go to reconcile your statement and the beginning balance from the previous reconciliation doesn't match, you can use the "Locate Discrepancies" report to find out which previously reconciled transaction has been edited or deleted. This will give you a chance to make adjustments in your current reconciliation to bring it back to correct status. If you don't see anything under Locate Discrepancies, and can't figure out how to solve the issue, another option to "Undo Last Reconciliation". This is only recommended as a last measure because you have to do the previous month's work all over again. Get More Quickbooks Help Right Here Return to: Quickbooks Lessons to Learn Quickbooks
Views: 40732 QuickBooks Tutorial

22:43
We offer the most comprehensive and easy to understand video lectures for CFA and FRM Programs. To know more about our video lecture series, visit us at www.fintreeindia.com This Video lecture was recorded by Mr. Utkarsh Jain, during his live CFA Level I Classes in Pune (India). This video lecture covers following key area's: 1. Differences between accounting profit and taxable income, and define key terms, including deferred tax assets, deferred tax liabilities, valuation allowance, taxes payable, and income tax expense. 2. Deferred tax liabilities and assets are created and the factors that determine how a company's deferred tax liabilities and assets should be treated for the purposes of financial analysis. 3. Tax base of a company's assets and liabilities. 4. Income tax expense, income taxes payable, deferred tax assets, and deferred tax liabilities. 5. Impact of tax rate changes on a company's financial statements and ratios. 6. Valuation allowance for deferred tax assets—when it is required and what impact it has on financial statements. 7. Company's deferred tax items. 8. Disclosures relating to deferred tax items and the effective tax rate reconciliation. 9. Key provisions of and differences between income tax accounting under IFRS and U.S. GAAP.

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Earnings per Share 14. In general, earnings per share represents the ratio of net income minus preferred dividends (income available to common shareholders) divided by the weighted-average number of common shares outstanding. It is considered by many financial statement users to be the most significant statistic presented in the financial statements, and must be disclosed on the face of the income statement. Per share amounts for gain or loss on discontinued operations must be disclosed on the face of the income statement or in the notes to the financial statements. Changes in Accounting Principles 15. (L.O. 5) A change in accounting principle results when a company adopts a new accounting principle that is different from the one previously used. A company recognizes a change in accounting principle by making a retrospective adjustment to the financial statements. Such an adjustment recasts the prior years’ statements on a basis consistent with the newly adopted principle. The company records the cumulative effect of the change for prior periods as an adjustment to beginning retained earnings of the earliest year presented. Changes in Estimates 16. Accountants make extensive use of estimates in preparing financial statements. Adjustments that grow out of the use of estimates in accounting are used in the determination of income for the current period and future periods and are not charged or credited directly to Retained Earnings. It should be noted that changes in estimates are not considered errors (prior period adjustments). Corrections of Errors 17. Companies must correct errors by making proper entries in the accounts and reporting corrections in the financial statements. Corrections of errors are treated as prior period adjustments, similar to changes in accounting principles. Companies record an error in the year in which it is discovered. They report the effect of the error as an adjustment to the beginning balance of retained earnings. If a company prepares comparative financial statements, it should restate the prior statements for the effects of the error. Retained Earnings Statement 18. (L.O. 6) The retained earnings statement serves to reconcile the balance of the retained earnings account from the beginning to the end of the year. The important information communicated by the retained earnings statement includes: (a) prior period adjustments (income or loss related to corrections of errors in the financial statements of a prior period net of tax), (b) changes in accounting principle, (c) the relationship of dividend distributions to net income for the period, and (d) any transfers to and from retained earnings. Comprehensive Income 19. (L.O. 7) Items that bypass the income statement are included under the concept of comprehensive income. Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. 20. The FASB requires that the components of other comprehensive income must be displayed in one of two ways: (1) a one statement approach, or (2) a two statement approach. In the one statement approach, the traditional net income is a subtotal, with total comprehensive income shown as a final total. The combined statement has the advantage of not requiring the creation of a new financial statement. The two statement format reports comprehensive income in a separate statement, which indicates that the gains and losses identified as other comprehensive income have the same status as traditional gains and losses. Statement of Stockholders’ Equity 21. This statement reports the changes in each stockholders’ equity account and in total stockholders’ equity during the year. Both contributions (issuances of shares) and distributions (dividends) to owners, and a reconciliation of the carrying amount of each component of stockholders’ equity from the beginning to the end of the period are disclosed in the statement. IFRS Insights 22. (L.O. 8) The income statement is a required statement for IFRS, as in GAAP. The content and presentation of an IFRS income statement is similar to the one used for GAAP. Presentation of the income statement under GAAP. Presentation of the income statement under GAAP follows either a single-step or multiple-step format. IFRS does not mention a single-step or multiple-step approach. Earnings per share, simple, earnings per share, diluted earnings pershare, complex earning per share, dilutive, antidilutive, weighted average number of shares, cpa exam, if converted method,

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In this video you will learn how to make income tax provision entry in tally along with all adjustment entry. --------------------------------------------------------------------------------------------------------- Income Tax Return Forms For AY 2018-19 - How To Select ITR Form In Hindi AY 2018-19 - https://youtu.be/ZB66x-spYBM different gst rate entry in tally - how to make multiple gst bill in tally - https://youtu.be/KJnbmK3Bpgg Multi Tax Rate Places In Tally - Learn About Tax Rate Hierarchy - https://youtu.be/7itQ0gUg8Vw How To Calculate GST With Discunt In Purchase Entry In Tally Erp 9 - https://youtu.be/fg_b8g2Nixg Enable Company Logo in Tally ERP 9 In Hindi - How To Use Logo In Tally Erp 9 - https://youtu.be/wKr-pcQhn0Q Multiple GST Rate On Same Item - How To Apply GST At Different Tax Rates In Tally - https://youtu.be/tLICu9b7lLo Income Tax Provision Entry In Tally - Provision For Income Tax Entry In Tally - PART 1 - https://youtu.be/VJs3bwFttJQ Income Tax Provision Entry In Tally - Provision For Income Tax Entry In Tally - PART 2 - https://youtu.be/4zeabT17AFU How To Calculate Depreciation Using Straight Line Method In Hindi (PART 1) - https://youtu.be/VJs3bwFttJQ How To Calculate Depreciation Using Straight Line Method In Hindi (PART 2) - https://youtu.be/x6GQuQqAmiw Accounting Features In Tally ERP 9 - Step By Step Tally Features In Hindi - Enable Feature (PART 1) - https://youtu.be/G8RW7CKkCmw Accounting Features In Tally ERP 9 - Step By Step Tally Features In Hindi - Enable Feature (PART 2) - https://youtu.be/cwKOQV8P5ec --------------------------------------------------------------------------------------------------------- Wish your great success, Sudip Mondal mail id - [email protected] ------------------------------------------------------------- provision for income tax in tally,provision for income tax entry in tally,income tax provision entry in tally,income tax provision entry,provision entry in tally in hindi,how to provision entry in tally,how to make provision entry in tally erp 9,income tax adjustment in final accounts,treatment of income tax in final accounts,
Views: 18232 Free Knowledge Gain

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Get Your QuickBooks Online 30 Day Free Trial: https://app.fitsmallbusiness.com/goto/quickbooks-course-youtube/ In this lesson, we’re going to cover how to reconcile bank accounts in QuickBooks Online. ====================================================== Access Our Course On How To Set Up QuickBooks Online: http://fitsmallbusiness.com/how-to-set-up-quickbooks-online ====================================================== How to Prepare a Profit and Loss Statement in QuickBooks Online: https://fitsmallbusiness.com/profit-and-loss-statement-sample-quickbooks-online/ How to Prepare a Balance Sheet Report With Example in QuickBooks Online: https://fitsmallbusiness.com/balance-sheet-example-quickbooks-online/ Small Business Bookkeeping & Accounting: The Ultimate Guide: https://fitsmallbusiness.com/small-business-bookkeeping-accounting-the-ultimate-guide/ How to Write & Print Checks in QuickBooks Online: https://fitsmallbusiness.com/quickbooks-check-printing/ How to Record Bank Deposits in QuickBooks Online: https://fitsmallbusiness.com/bank-deposits-quickbooks-online/ ====================================================== Subscribe For More Videos On How To Set Up QuickBooks Online and help your business succeed http://www.youtube.com/subscription_center?add_user=FitSmallBusiness ======================================================

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Learn how to download latest version of Tally ERP 9 for GST. Learn how to download Latest Tally Version Tally ERP 9 Release 6.5.1 launched on 25th march 2019. This version supports the latest statutory changes for income tax changes in the Budget for FY 19-20 (AY 20-21). Income Tax Returns will now get generated with standard deduction, tax rebate with health & education cess details. New tally versions also have Provision to generate e-Way Bill with the Common Enrollment Number of Transporter (starting with 88). It Supports latest e-Way Bill template (Version 1.0.0219). It is tally’s latest version of 2019. You can upgrade your old tally version with new updated tally version of tally for GST. Record Fixed Asset purchases in account invoice mode. Automatic rounding off invoice amounts. Supports latest changes in Payroll as per Finance Bill 2018. This is our free online tally course. We provide tally erp 9 online classes. It is free tally accounting course. So you can learn and study tally accounting online. It is Full Step by Step Tally video Tutorial in Hindi. This Tally ERP 9 Video Tutorial based tally classes on Advance, Professional, expert Tally accounting course. It is a Part of RSCFA Course run by Career Planet. it is tally erp 9 certificate course with advance excel. You can learn tally erp 9 course in Hindi with GST. 👉 Full Tally GST Accounting Hindi Video Tutorial Course – https://goo.gl/CVNJtw 👉 Basic to Advance Level Tally Accounting Course- https://goo.gl/bNz6DZ 👉 Visit Our Website: https://cpitudaipur.com/ 👉 Visit Our Blog: https://cpitudaipur.blogspot.com/ 👉 Like Our Facebook Page: https://facebook.com/cpitudr

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how to pass GST Debit note entry in tally erp 9 rel 6.4 Go for pen drive course and google drive course-https://rtsprofessionalstudy.com/ how to pass GST credit note entry in tally erp 9 rel 6.4 effect of Debit note in HSN summary report in GST returns effect of credit note in HSN summary report in GST returns adjustment of debit note and credit note in tally erp 9 how to adjust debit note and credit note in tally erp 9 what is steps of debit note and credit note in tally erp 9 how to adjusted previous month sales return in current months sales returns how to adjusted previous month purchase return in current months purchase returns sales returns entry in tally erp 9 rate difference entry in tally erp 9 correction in invoice in tally erp 9 purchase returns entry in tally erp 9 gst debit note format in excel debit note and credit note format in gst debit note entry time limit to issue credit note under gst what is credit note difference between debit note and credit note how to enter credit note in gst credit note format under gst in excel gst credit note format in excel time limit to issue credit note under gst credit note format under gst in excel what is credit note debit note entry debit note and credit note format in gst difference between debit note and credit note how to enter credit note in gst debit note and credit note format in gst difference between debit note and credit note time limit to issue credit note under gst debit note entry gst debit note format in excel what is credit note how to enter credit note in gst credit note format under gst in excel how to enter credit note in tally gst how to make credit note in tally under gst debit note in tally erp 9 gst credit note entry in tally gst credit note entry in tally erp 9 gst debit note entry in gst debit note entry in tally debit note entry example credit note entry in tally under gst how to make credit note in tally under gst debit note and credit note in tally erp 9 gst debit note entry in tally gst credit note configuration in tally erp 9 credit note in gst how to enter debit note in tally gst debit note in tally erp 9 gst GST Debit & Credit Note in Tally erp 9 gst debit note entry, gst debit note entry in tally erp 9, gst debit note and credit note, gst debit note processed with error, gst debit note format, gst debit note format in tally, gst debit note entry in busy, gst debit note in tally, gst debit note and credit note format, gst debit note and credit note in tally erp 9, gst debit note credit note, debit note entry in gst portal, gst debit note entry in tally, gst me debit note, debit note on gst, debit note in gst return, debit note with gst in tally, debit note under gst, debit note under gst in tally, debit note with gst, tally erp 9 gst debit note entry gst credit note entry, gst credit note and debit note in telugu, gst credit note rules, gst credit note and debit note, gst credit note and debit note entry in tally, gst credit note entry in tally, gst credit note format in tally erp 9, gst credit note format, gst credit not processed with error, gst credit note entry in tally erp 9, credit note filing in gst, gst credit note in tally, gst me credit note, credit note tally entry gst, credit note under gst in tally, credit note with gst in tally, tally erp 9 gst credit note entry #Tallyerp9 #gstdebitnoteandcreditnote #rtsprofessionalstudies Go to my web site-https://rtsprofessionalstudy.com/ Join my face book page-https://www.facebook.com Follow us on twitter - https://twitter.com/rtsprofessiona1 DISCLAIMER This video is merely a general guide meant for learning purposes only. All the content, reference, instruction or documents or soft files are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors, tax consultant as to the risks involved may be obtained and necessary due diligence, etc
Views: 140792 RTS professional studies

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In this presentation, I will show you how to do two months of bank reconciliations in under three minutes. We will reconcile from June to July 2014. The starting reconciliation is May 2014. For this demo, we will use Ezyrecon. The software is written in Visual Basic using Excel as the user interface. By doing so, it allowed the user to avoid the lengthy instructions and high learning curve. Normally, when you start a bank reconciliation, you need to know the reconciling details from the previous month. We will assume that the May starting reconciliation was already entered in the Ezyrecon Excel workbook. The steps to do a bank reconciliation using Ezyrecon are as follows: 1) Download the bank file or the bank statement into an Excel or csv file format. 2) Download the book file or the cash account detailed trial balance into an Excel or csv file format. 3) Open the Ezyrecon Excel workbook and go to the tab called “Program”. Hit the button “SuperEzy” to reconcile. Note: Once you have those two files, the bank and book, the reconciliation is practically done. You need to tell BEN, the virtual accountant in Ezyrecon to take over and present to you the final report. Tell him not to bother you, unless he is done. The final report is a two-column format, from unadjusted to reconciled book and bank balances. In addition, tell him to prepare the suggested adjusting entry of all the reconciling items using your own chart of accounts. Again, to activate BEN, you just need to hit a button called “SuperEzy." A normal bank reconciliation for small to medium companies will take less than 3 minutes. Once it is done, BEN will beep and present a screen message to notify that he is done with the reconciliation. Once, I reviewed and approved the June reconciliation, I will save it as “2014 June reconciliation.” Next month, I will download the bank and book files for July. I will open the June reconciliation workbook and save it as “2014 July reconciliation.” So, now I have two files; one is the completed June, and the other is the July that I need to do. The workbook called “2014 July reconciliation” has all the details from June. On this workbook, I will hit the button “Initialize” to bring forward all the June reconciling items to July. BEN will ask me if I record all the reconciling items in June. Since, the book is already closed, I did not record the reconciling items until July. So, I will say “NO," as the answer. Next, the system will prompt me to enter the July the bank and book ending balances. After giving those balances, the system is ready to do its job. To reconcile, July, I will tell BEN, the virtual accountant to do it- I will simply click the button called “SuperEzy.” There are unrecorded checks, deposits and charges from June. I recorded them in the July books. BEN is smart enough to remove them from the list of the reconciling items in July. As usual, the July reconciliation will take less than three minutes. Thus, with Ezyrecon, a two-month bank reconciliation is a breeze or super easy to do.

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This VIDEO will cover - LIVE DEMO of Corrections in GSTR-1 of earlier month filed GSTR-1 , Mistakes / Errors of FILED GSTR-1 is possible on GST PORTAL Corrections / Modifications of B2B , B2C , Cr Dr Notes etc of filed GSTR - 1 is possible via Table 9 - Table 9A , Table 9 B , Table 9 C , Table 10 through subsequent month's GSTR - 1 PLS LIKE & SHARE the VIDEO & SUBSCRIBE my CHANNEL GST | GSTR 3B MISTAKES How to correct | ERROR in FILED GSTR3B | CIRCULAR 26/26/2017 - https://youtu.be/2GBrXTYzaf0 Latest GST return Dates - https://youtu.be/fbSTjbMAZXA LIVE DEMO plus corrections possible in GSTR1 on GST Portal for other important Videos - PREVIOUS VIDEO on corrections of GSTR-3Bhttps://youtu.be/bHQ4rUcf74s GST INTEREST CALCULATION on DELAY TAX PAYMENT, HOW to calculate INTEREST in GST https://youtu.be/pb3D5pwCtuk Wrong TAX Paid, CGST - SGST in place of IGST, What to do ? How to claim Refund ?* https://youtu.be/HLhid_zQEx8 RECONCILIATION GSTR 3B with GSTR 1, 2, 3 , MISTAKES in GSTR 3B HOW TO RECTIFY / REVISE – When GSTR2 & 3 starts https://youtu.be/ZMERBRT88Ko Other VIDEOS - RCM PURCHASES & ITC in GST Returns GSTR 3B , 1 , 2 Where to show Details https://youtu.be/vjQJEk8pbMg GST SUMMARY https://youtu.be/7mQ8bPn28qU GST Transitional Provisions, Analysis (Part 1) Goods & Service Tax complete Sec 139-140 https://youtu.be/y5iOt_X4f5w Shifting of Input Credit (ITC) on Closing Stock - GST (Act & Draft Rule) - Case Study https://youtu.be/kbsRHPGqSEk GST Transitional Provisions (Part 3) - Input on Stock lying with JOBWORKER (Section 141) https://youtu.be/ruPoM3ZcLY4 DEMO GST TRAN 2 FORM to be filed - Input Credit on Closing Stock (Invoice not available) https://youtu.be/FbhwWUsR90c GST - ANTI PROFITEERING, FINAL RULES 2017, Section 171, Rate benefit Treatment https://youtu.be/9iY3vy16SB4 GST - SALE INVOICE FORMAT, SALE BILL, RULES - 16 Points, Simple Formatting Explained https://youtu.be/g3vEiwjIL-Y GST - Bill of SUPPLY FORMAT, for Composition Scheme, Exempted Services/ Goods explained https://youtu.be/mYSUj5G3QF0 GST RECEIPT VOUCHER FORMAT, TAX on ADVANCE RECEIPT, MOST IMPORTANT VOUCHER https://youtu.be/kQxJ7Cj3AVE GST REFUND VOUCHER FORMAT, REFUND of ADVANCE RECEIVED, All details Explained https://youtu.be/-442bvyCFcY GST PAYMENT VOUCHER FORMAT, Reverse Charge Documentation, All details Explained https://youtu.be/05znTyWquZw GST Revised TAX Invoice, GST Debit Note, GST Credit Note, FORMATS, RULES - 10 Points, https://youtu.be/fEwTVxpveLY GST Transportation of Goods without Invoice, Stock Transfer, Delivery Challan, https://youtu.be/80MOT0DKJAs REVERSE CHARGE https://youtu.be/SZAPmQGUI8k GST REVERSE CHARGE in case of SUPPLY from Unregistered Dealer explained https://youtu.be/i6mDjkFKKDU GST Accounting Entries - Intra & Inter State SALE, PURCHASE, Service & ITC Entries https://youtu.be/lyrjG3-CyoY GST MIXED & COMPOSITE SUPPLY with PRACTICAL EXAMPLES Explained https://youtu.be/ucfm5_qVhPU DEMO How to fill GSTR - 3B, Summarized GST Form for July'17 & Aug'17, Explained https://youtu.be/j1-iW3NBimI GST - TDS https://youtu.be/e8lg1C8wjuI GST RATES APPLICABLE on SCRAP/ WASTE https://youtu.be/1HpwZmsj3JQ GST में EXPORT कैसे करे on BOND / Letter of undertaking (LoU), GST Circulars, Notifications EXPORT https://youtu.be/HekSQI8oz1s GST Provisions on FREE SUPPLY, फ्री सप्लाई का क्या होगा GST में, क्या टैक्स देना होगा? https://youtu.be/Hksn_JlXLhc GST RATES on Common Expenses & Input Tax Availability plus RCM Provisions https://youtu.be/y-bDVMVEv1E GST TRANSPORTATION of GOODS - GTA PROVISIONS - SUMMARY CHART in just 10 minutes https://youtu.be/MSqGJHZ3eKA GST REVERSE CHARGE (RCM) ACCOUNTING & DOCUMENTATION https://youtu.be/M_CFYQ7FaB0 * DISCLAIMER - This video is mere a general guide meant for Educational purposes only. No legal advice is given in this Video or Comments or in any way. All the Examples discussed are subject to change as per scenario. #GST #GSTSIMPLIFIED #GSTCOUNCILMEETING , GST Council Meeting 10th Nov 17 , Detailed GST Analysis in Hindi , SUMMARY by CA DIVYANSHU SENGAR , GSTeasy , GST Reverse CHARGE , GSTR - 1 , GSTR - 2 , GSTR - 3B , GTA , Goods Transport Agency , Transportation in GST , GST Returns filing DEMO , Data filing in GST , Relevant Section Goods & Service tax GST by CA DIVYANSHU SENGAR Goods and Service Tax Portal , GSTN , GST INDIA , Goods & Service tax , Technical changes , Latest Updates , ICAI , Indirect Tax Committee ,
Views: 128301 CA DIVYANSHU SENGAR

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Australian Unity is determined to play its part in the reconciliation process, and is proud to present its first Reconciliation Action Plan (RAP).
Views: 1262 Australian Unity

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Bank reconciliation in Tally cheque register in tally erp 9 cheque printing in tally erp 9 payment advice in tally erp 9 pay in slip in tally erp 9 cheque book setup in tally erp 9 post dated cheque entry in tally erp 9 Bank reconciliation in tally erp 9 how to do bank reconciliation in tally erp 9 #Bankreconciliation #Tallyerp9 #rtsprofessionalstudies Go to my web site-https://rtsprofessionalstudy.com/ Join my face book page-https://www.facebook.com DISCLAIMER This video is merely a general guide meant for learning purposes only. All the content, reference, instruction or documents or soft files are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors, tax consultant as to the risks involved may be obtained and necessary due diligence, etc
Views: 190531 RTS professional studies

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Views: 5701 Online Seva

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Views: 22268 TarotQueenBre B1111

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In this video, it has been explained with an example, as to how to prepare a bank reconciliation statement
Views: 41463 Ns Toor

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Ken Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students. As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.
Views: 14170 AccountingED

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How to Purchase or Sales in Tally ERP 9 6.0.1 in hindi Accounts, Inventory, Taxation, Banking, Investment, Insurance, Manufacturing, Payroll, job order, Vat, CST, TDS, TCS, Service Tax, Payment Voucher, Receipt Voucher, Journal Voucher, Contra Voucher, Sales Voucher, Purchase Voucher, Purchase Order, Sales Order, Delivery Note, Receipt Note, Rejection In, Rejection Out, Stock Journal, Physical Stock, Manufacturing Journal, Interest Calculation, Godown, Category, Currencies,Deprecation, Loss, Profit, Transfer of Godown, Queries, Report, Export of Data, Import of Data, Bank Reconciliation Purchase Order Entry in Tally, Sales Order Entry in Tally ERP, Contra Voucher, Payment Voucher, Receipt Voucher, Journal Voucher, Sales voucher, purchase voucher, Stock Joiurnal Voucher, Goods and Service Tax, GST in Tally, Bill of Material in Tally, BOM in Tally ERP 9
Views: 181132 Daood Computer Centre

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This video shows you how to do Bank Reconciliation. Normally, you do this when you receive your actual bank statement. Do remember to first key bank charges at Cash Book, payment voucher if you notice there are bank charges in the actual bank statement. After that, Just do the basic setting, key in Bank Statement Bank Closing according to actual statement, apply, then start to tick those cleared cheque. When you finish ticking, the field Out Of Balance By MUST be zero. If not zero, re-check. You should not continue until you find the problem. When you preview the report, Bank Reconciliation Report show you the actual bank balance(GL Balance) ,it's more accurate then you call to bank. Email : [email protected] Product Details :www.syntech.com.my Interaction :www.facebook.com/syntaxtechnologies Full Video Listing :www.youtube.com/syntaxtechnologies
Views: 34868 syntaxtechnologies

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Amazon FBA Warehouse Check-In: How to Handle Delays and Lost Items http://www.fulltimefba.com Join Stephen for this Amazon FBA training video! When our FBA shipments are delayed in check-in at the Amazon warehouse, we are tempted to freak out and obsess over how long it is taking. Stephen discusses taking a different approach: spending our energy on things we can control and finding a more profitable use of our time. Links in the video: http://www.fulltimefba.com, http://www.fulltimefba.com/lost-items Hope this video is helpful! Leave your questions and comments below! ======= Need a handy Amazon sales rank chart to use while sourcing? Click here to get the latest FREE sales rank chart: http://www.fulltimefba.com/salesrank =============================================== **Click below to SUBSCRIBE for more videos: http://www.youtube.com/subscription_center?add_user=smo3237 ============================================= Full-Time FBA with Stephen and Rebecca Smotherman http://www.fulltimefba.com http://www.fulltimefba.com/facebook WATCH Google Chrome Extensions for Online Arbitrage https://www.youtube.com/watch?v=AZwDqUx2qco
Views: 1684 Full-Time FBA

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This part of video will show the demo on how to compute input and output vat in sales and purchase entries. Once you enter purchase and sales transactions as shown in video you will get the vat report in tally. Once you set features set as i shown in the video, your implementation is ready. Also you can learn how to enter vat purchase and vat sales and input & output tax, cst Note :If any videos on youtube unable to here the voice follow these steps Open the youtube video copy the URl Open VLC Media Player Go to Media Select network team Paste the URL and click on play Increase the valume upto 400% thats it #gaddam subramanyam #gaddamsubramanyam #tallyprofessor #tallytutorials #tallyerp9onlineclasses

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Accounting 1 Program #27 Chapter 8 "Bank Reconciliations" [email protected]
Views: 49830 JCCCvideo

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Views: 6697 iswearenglish

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Accumulated Adjustment Account AAA, Accumulated adjustment account, AAA, separately stated item, non-separately stated items, S corporation, , shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination, taxation

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Schedule M–1 of Form 1120 is used to reconcile net income as computed for financial accounting purposes [i.e., using generally accepted accounting principles (GAAP) ] with taxable income reported on the corporation’s income tax return (commonly referred to as book-tax differences). Schedule M–1 is required of corporations with less than \$10 million of total assets. The starting point on Schedule M–1 is net income (or loss) per books. Additions and subtractions are entered for items that affect financial accounting net income and taxable income differently. The following items are entered as additions (see lines 2 through 5 of Schedule M–1): Federal income tax expense per books (deducted in computing net income per books but not deductible in computing taxable income). The excess of capital losses over capital gains (deducted for financial accounting purposes but not deductible by corporations for income tax purposes). Income that is reported in the current year for tax purposes but is not reported in computing net income per books (e.g., prepaid income). Various expenses that are deducted in computing net income per books but are not allowed in computing taxable income (e.g., charitable contributions in excess of the 10 percent ceiling applicable to corporations). The following subtractions are entered on lines 7 and 8 of Schedule M–1: • Income reported for financial accounting purposes but not included in taxable income (e.g., tax-exempt interest). • Deductions taken on the tax return but not expensed in computing net income per books (e.g., tax depreciation in excess of financial accounting depreciation). My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: https://twitter.com/farhatlectures Email Contact: [email protected]