Search results “All reconciling items in determining the present”
How to perform a bank reconciliation
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
Matching transactions (reconciling) using Excel Pivot Tables | ExcelTutorials
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
Excel Magic Trick 1133: Aging Accounts Receivable Reports: PivotTable & Unique Identifier
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
How to Prepare a Bank Reconciliation Part 1
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
Excel Magic Trick 1464: Is Item In List? Formula to Check if Item is in a List on Separate Sheet.
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
Account Receivable: Test of Details Balance | Auditing and Attestation | CPA Exam
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.
Book vs. Tax Income (Accounting for Taxes)
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
Data Reconciliation and MIS Reporting using a Spreadsheet (MS Excel)
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.
Compare Two Excel Lists to Spot the Differences
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
Income Tax Accounting (IFRS) | Calculating Deferred Tax Expense - Part 3 of 4
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
Bank Reconciliation Statement (Correcting Check Errors, NSF Checks On Cash Balance)
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
Trial balance in accounting with [ 3 GOLDEN RULES ]  simple tutorial :- by kauserwise
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
Compare Two Lists to Highlight Matched Records
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
QuickBooks Desktop Tutorial: Fix Reconciliation Discrepancies
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
How to fix Bank Reconciliation Discrepancies, Beginning balance is off in QuickBooks
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
How To Do A Balance Sheet
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
Excel - Find Matching Values in Two Worksheets, Tables or Columns Tutorial - Part 1
In this video tutorial learn how to find matches in two worksheets in Microsoft Excel.
Cash Receivables - Intermediate Accounting I - L9- Professor Caroline Levine
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
How To Reconcile Business Credit Card Transactions
***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 ======================================================
Views: 16536 FitSmallBusiness
Deferred Tax Accounting (Known Tax Payable, Calculate Taxable & Pretax Financial Inc., DTA & DTL)
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
Statement of Cash Flows (Indirect Method) | Accounting | Chegg Tutors
The Statement of Cash Flows explains the change in cash and cash equivalents for a given period and provides information about a company’s cash inflows and cash outflows for operating, investing and financing activities. Operating activities relate to the selling and producing of goods or services that go into calculating net income or loss. Investing activities include buying debt and equities, purchasing and selling fixed assets, and making and collecting loans. Financing activities include changes in long-term liabilities and stockholders’ equity. When using the Indirect Method to present the Statement of Cash Flows, a company reports net cash flow from operating activities indirectly by adjusting net income or loss for items such as depreciation, amortization, gain or loss on sale of assets, and changes in current assets and liabilities, thus reconciling it to net cash flow from operating activities. ---------- Accounting tutoring on Chegg Tutors Learn about Accounting terms like Statement of Cash Flows (Indirect Method) on Chegg Tutors. Work with live, online Accounting tutors like Christopher B. who can help you at any moment, whether at 2pm or 2am. Liked the video tutorial? Schedule lessons on-demand or schedule weekly tutoring in advance with tutors like Christopher B. Visit https://www.chegg.com/tutors/Accounting-online-tutoring/?utm_source=youtube&utm_medium=video&utm_content=managed&utm_campaign=videotutorials ---------- About Christopher B., Accounting tutor on Chegg Tutors: Drexel University, Class of 1984 Accounting major Subjects tutored: Accounting TEACHING EXPERIENCE I possess extensive experience collaborating with students at all levels to provide help and instruction on accounting and business topics. I've taught college accounting courses to full time students as well as professionals at the undergraduate level. I am a member of the Drexel University MBA Career Services Advisory Board where I mentor students on a variety of business topics and provide guidance on career management, job search strategies, resume preparation and interviewing techniques. EXTRACURRICULAR INTERESTS I am a subject matter expert in providing customized retained search services to corporate clients and career coaching to individuals. At Resource Development Company, I built one of the top 20 executive search and recruiting firms in the Philadelphia area. I also helped launch JobMetrx, an RDC service focused on providing job seekers with a variety of tools including online personal branding. Prior to joining RDC, I enjoyed a progressive career in accounting and finance in the manufacturing sector. My educational background includes a BS in Business Administration with a major in Accounting and MBA from Drexel University. I am also a Certified Professional Resume Writer and a Certified Public Accountant. I serve on the Board of Advisors for a Philadelphia area private high school and I also have been on the Board of Advisors for two early stage companies involved in college athletic recruiting and website development. I enjoy spending time with my family, travelling and performing community service. Want to book a private lesson with Christopher B.? Message Christopher B. at https://www.chegg.com/tutors/online-tutors/Christopher-B-2444553/?utm_source=youtube&utm_medium=video&utm_content=managed&utm_campaign=videotutorials ---------- Like what you see? Subscribe to Chegg's Youtube Channel: http://bit.ly/1PwMn3k ---------- Visit Chegg.com for purchasing or renting textbooks, getting homework help, finding an online tutor, applying for scholarships and internships, discovering colleges, and more! https://chegg.com ---------- Want more from Chegg? Follow Chegg on social media: http://instagram.com/chegg http://facebook.com/chegg http://twitter.com/chegg
Views: 34825 Chegg
Financial Accounting (Natural Resources; Intangible Assets; Bank Reconciliation) - Victoria Chiu
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
Prepare GSTR 3B for July & August 2017 by Tally ERP 9
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
Input output GST Adjustment Entries in Tally ERP-9 Part-31|Tally GST for GST Return Adjustment
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
Accumulated Adjustment Account AAA | Corporate Income Tax | CPA REG | Ch 22 P 3
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
Accounts Payable vs. Accrued Expenses - Interview Question
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/
Banking Reconciliation in Quickbooks 2013 (www.Quickbooks-Tutorial.net)
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
CFA Level I- Accounting for Taxes- Part I
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.
Intro to Earnings Per Share (EPS) | Intermediate Accounting | CPA Exam FAR | Chp 4 p 5
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,
Income Tax Provision Entry In Tally - Provision For Income Tax Entry In Tally - PART 1
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,
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How to Process Bank Reconciliation in QuickBooks Online
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 ======================================================
Views: 28919 FitSmallBusiness
Tally ERP 9 Release 6.5.1 New Tally Update | Download Latest Tally Version
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
School Accounting in Tally ERP 9 Part-100| Learn Tally ERP 9 Accounting
Learn School Accounting in Tally ERP 9. Learn School accounting entries in tally. How to use tally erp 9 for school management. How to create school module in tally. Learn how to maintain school accounting in tally. How to create student ledgers, fee receipt ledgers to post accounting entries. Learn school fees comes under which head in tally. How to pass journal entry for school fees. How to print due student fee records. How to use cost centers for proper school management in tally. All about how to do school accounting. All school accounting entries discuss in this Tally Hindi Video tutorial. How to export due fee report in Microsoft excel. You can access each student information tuition fees, hostel fees, bus fees and balance fees reports using tally. Using Tally erp school management entries you can manage your school and education institute easily. 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. 👉Work Contract or Construction Work Accounting in Tally- https://www.youtube.com/watch?v=9QpRTENwe5g&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl&index=7&t=0s 👉Manufacturing Business Accounting in Tally- https://www.youtube.com/watch?v=sfl975r8sno&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl&index=6&t=0s 👉Transport Agency or GTA Accounting in Tally- https://www.youtube.com/watch?v=nMjHyF0cBVg&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl&index=5&t=0s 👉Retail Store or FMCG Store Accounting in Tally- https://www.youtube.com/watch?v=hASfc_hNN-k&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl&index=4&t=0s 👉Pharma or Medical Store Accounting in Tally- https://www.youtube.com/watch?v=6UEZfF6DKsw&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl&index=3&t=0s 👉Hotel Accounting in Tally- https://www.youtube.com/watch?v=KDe9SG9pea0&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl&index=2&t=0s 👉Watch Tally Real Life Accounting - Case Study https://www.youtube.com/watch?v=KDe9SG9pea0&list=PLlDtUyWdJwXXV4kpSjysaLJWSkMLehErl 👉GST Accounting in Tally Day by Day – https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYN 👉Click to Watch Basic Tally Accounting Video Day By Day- https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv 👉Visit Our Website: https://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
GST Debit & Credit Note in Tally
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
I can prepare 2 months of bank reconciliation in under 3 minutes
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.
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 ,
Australian Unity announces its Reconciliation Action Plan
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
Bank reconciliation in Tally
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
GST OF REVERSAL-Full Process Calculate of interest  on REVERSAL OF ITC ||
NOW ITR AUIDT DATE IS EXTEND | ITR AUDIT की DATE आगे कर दी गयी है https://youtu.be/6D1NiGKNBh0 TRAN-1 IS NOW OPEN AGAIN | CLAIM YOUR ITC FAST BEFORE LAST DATE https://youtu.be/mMBUK2mtsuc Notification No. 44/2018 GSTR-1 NEW DATE SHEET FOR ALL GST TAXPAYER https://youtu.be/xx4yLPzaDzQ GSTR-9 ANNUAL RETURN FULL DETAIL WITH RETURN FORMAT | BY PRAKASH CHAUHAN https://youtu.be/fTQoJcIUMBo DOWNLOAD LATEST GST AMENDMENT IN GST ACT https://editor.wix.com/html/editor/we... GSTR-3B DUE DATE NOTIFICATION NO. http://www.cbic.gov.in/resources//htd... https://youtu.be/nw_vSduisnA GST TALLY ERP.9 ( HOW TO MAINTAIN SALE ENTRY | BILLS 2 SHIP 2) https://youtu.be/vcaqFJfshtE NO Need RCM Pay on Unregistered Person || RCM under section 9(4) Date postponed again https://youtu.be/7IfOh2R-Wuc BIG CHANGES IN GST RETURN , GST RATE, GST EXEMPTION LIMIT ETC. https://youtu.be/xPV-bZKf32M NEW GSTR-1 RETURN FORMAT|| WHO FILE QUARTERLY & WHO FILE MONTHLY RETURN https://youtu.be/ZLxlYfgFJTA For more videos please visit my youtube channel https://www.youtube.com/channel/UCVgx... Check-out my latest videos by clicking links below. Get Your Business Accounting Please Visit this site www.onlinegstservice.com joined our facebook page https://www.facebook.com/gstservic/?r... Filing GSTR 3B || through Tally erp.9 and GSTIN Portal - First Return of GST https://youtu.be/Iaqcr2e3rkY GST-EWAY BILL | HOW TO GENERATE E WAY BILL | E-WAY BILL OVERVIEW WITH LIVE DEMO https://youtu.be/GrUO02ogSrw LATEST NEWS GSTR-(TRANS-2) | HOW TO GENERATED JSON FILE OFFLINE TOOLS TRANS 2 live demo https://youtu.be/1CWzjNm_4nA SUBSCRIBE TO OUR CHANNEL FOR MORE GST VIDEOS GST-TALLY |LIVE DEMO| GSTR-1 QUARTERLY RETURN FILING THROUGH TALLY ERP.9 https://youtu.be/LpJWU-zogCI GST-TALLY |LIVE DEMO| GSTR-1 QUARTERLY RETURN FILING THROUGH TALLY ERP.9 https://www.youtube.com/watch?v=LpJWU... GSTR-1 | Live Demo | How to Filing GSTR-1 Quarterly Nil Return | https://www.youtube.com/watch?v=9tuOT... Ineligible For Input Tax Credit Under GST | NO INPUT TAX CREDIT THIS GOODS & SERVICES https://www.youtube.com/watch?v=RO0qY... GST-TDS on Audit Fee with GST RCM Entries in Tally ERP 9 https://www.youtube.com/watch?v=pwdSm... GST-Tally(Release 6.2)Reverse Charge Adjustment Accounting after Suspension https://www.youtube.com/watch?v=R5Gbp... GSTR DUE DATE https://pbs.twimg.com/media/DOzhcJaUM... More Video GST : GSTR 3B(Unregistered Person से रु 5000 के Purchase (खरीद) को GSTR-3B में कहा दिखाना है) https://www.youtube.com/watch?v=u1OY9... GSTR 3B - WHERE TO FILL URD PURCHASES ABOVE Rs 5000 IN GSTR-3B. For More Video GSTR-1( Debit/Credit Note- Register 9B & Unregister 9B ) in Tally ERP 9 Release 6.2. https://www.youtube.com/watch?v=XnZvw... Part-2 GSTR-1( Debit/Credit Note- Register 9B & Unregister 9B ) in Tally ERP 9 Release 6.2. https://www.youtube.com/watch?v=CaqJh... For More Videos GSTR 4 - LIVE DEMO-HOW TO FILE GSTR 4 FOR COMPOSITION PERSON, QUARTERLY RETURN. https://www.youtube.com/watch?v=xs-ax... Changes of GST Registration | Steps to make amendments in GST Registration | https://www.youtube.com/watch?v=Swz0L... Tally-GST Part-2( Advance Receipt & Refund of Advance Receipt Adjustment Entries ) https://www.youtube.com/watch?v=XeZcF... Filing of GST Return 1 from Tally ERP. 9 - LIVE Demo https://www.youtube.com/watch?v=SzHm5... इस विडियो में आप जानेगे अलग अलग दर के GST Tax की एक साथ एंट्री करना In this video you will know about Multiple GST Tax || How to show HSN Code In Printout https://youtu.be/j0wO5WKhcGw how to upload Excel file to GST site, How to file GSTR-1 online, GST return-1 filing online, GST filing tutorial hindi, B2B filing, gstr-1 online kaise file karte hai, gstr-1 filing live online GST (Composition,Nil Rate , Non-Gst Item , Exmpt Goods) Accounting Entries in Tally (Hindi) https://www.youtube.com/watch?v=CrUSM... Part -2 GST- Reverse Charge On Sale with Freight/transport | GST Reverse Charge Mechanism -RCM https://www.youtube.com/watch?v=04l1D... GST Tally | GST Reverse Charge On Sale with Freight/transport | GST Reverse Charge Mechanism -RCM https://www.youtube.com/watch?v=pTDiX... GST in Tally | GST Calculated on packing Charge ( Sale/Purchase ) in Tally https://www.youtube.com/watch?v=Vz222... GSTR-2 (Tax Liability under reverse Charge on Advance) in Hindi https://www.youtube.com/watch?v=7Xg2d... for more video please visite my channel https://www.youtube.com/channel/UCVgx.
Views: 5701 Online Seva
Hello Beautiful Souls!!! April 23rd, 2019 🔮🌟 Daily Love Tarot🌟🔮 "Be You, Be Authenic, Be Beautiful"- TarotQB💕 Wow, Your preparing yourself for marriage, while they are having a tower moment and going through major endings!! You all are preparing for what's coming your way. Yes, I hear wedding bells!!!😘😘😘😘😘Please Like, Comment, Share aund Subscribe!! I love you all and I hope everyone is having an awesome day!!!Peace, Love and blessings to each and everyone of you!!! Disclaimer: This is for Entertainment only not to replace Medical or Professional help. Only to provide divine guidance!!! 💜💙💚❤💛💗  Donations of 11.11 or any amount are accepted, and will be used for the channel of course!! https://paypal.me/Breanna787 Thank You!! 👋 🔮My name is Bre A.K.A Tarot Queen Bre!! Gemini is my sun sign, Scorpio is my ascendant sign and I am a Pisces moon!! I am natural Intuitive, Clairaudient, Clairvoyant, Reiki Master and Tarot Interpreter! I have the ability to see and hear the unknown!! I love what I do as this is my true passion!! ----💥Specials💥----- 45 Minute General Love Reading! * Your Questions, Your way!!!    《$ 52.22》 ------- 🔮🌟SERVICES🌟🔮-------- * Readings can be completed via Phone, Skype or Pre-Recorded!                         🌟  30 Minute Readings🌟 30 Minute Reconciliation Reading!   ☆ Will there be a reconciliation? How do they feel? 《$ 48.88》 30 Minute Third Party Reading! ☆Who is this Karmic? Will it last? How do they feel? 《$ 48.88》 30 Minute General Love Reading! ☆ What's going on in your love life? Coming towards and coming back!! 《 $48.88》 30 Minute Apology Reading! ☆ Will there be an apology is there any remorse? How they feel? 《$48.88》                           🌟Questions🌟 Prerecorded Link Sent to email of your choice! 3 Questions $《22.22》                       🌟 1hr Readings🌟 1hr. General Love Reading ☆What's going on, reconciliation and twinflame/soulmate! 《$111.11》 Same Day Readings start at 30 min.for 《$77.77》 and 1hr. 《$155.55》 To Schedule Your Phone Reading book here: https://TarotQueenBre1111.as.me/ Please be sure to send payment 24 hrs. Advance to  https://paypal.me/Breanna787 ---------- Reiki Healing-------   Consulation 《25.55》 * What can Reiki do for you? What chakras are blocked. Reiki 30 mins of Reiki 44.44 《30 mins of distant angelic healing♡♡》To promote physical and emotional wellbeing♡ 1hr. of Reiki 77.77 《 1hr of distant  angelic healing》To promote physical and emotional wellbeing♡ ** Charkra Clearing and Balancing ** 1hr. 77.77 ** To open and balance those chakras which have been blocked through trauma. Balancing them to help the client achieve the enlighment needed.. To book or business inquires send me an [email protected]  [email protected] or visit my website @ https://destined4greatness54.wixsite.com/destined4greatness-1 or schedule services @ https://TarotQueenBre1111.as.me/ 💝 I have created a wishlist for the channel with the items I would love to have for my channel and the decks that I am drawn to, that I would love to have for our readings! If you purchase something off the wishlist, I will do a shout out to express gratitude♡ I will also send you a free three card reading with your purchased deck♡ Thanks for all of support, Here is the link⬇️ http://www.amazon.com/registry/wishlist/3D76W7MOJC2G Stay connected with me: Facebook: https://www.facebook.com/destined4greatnessco/ My Website: https://destined4greatness54.wixsite.com/destined4greatness-1
Views: 22268 TarotQueenBre B1111
JAIIB - Learn to prepare Bank Reconciliation Statement in 10 minutes
In this video, it has been explained with an example, as to how to prepare a bank reconciliation statement
Views: 41463 Ns Toor
Pension 3: Pension Expense, Pension Asset Liability
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
Purchase and Sales Entry in Tally ERP 9 6 0 1 in Hindi
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
A029 Bank Reconciliation - SQL Accounting Software
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
Amazon FBA Warehouse Check-In: How to Handle Delays and Lost Items
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
Calculate input and output vat in sales and purchase entry in tally
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
Views: 321708 Subramanyam Gaddam
Accounting 1: Program #27 - "Bank Reconciliations"
Accounting 1 Program #27 Chapter 8 "Bank Reconciliations" [email protected]
Views: 49830 JCCCvideo
Middlemarch - Chapter 1 - British Reading - By George Eliot - British English Pronunciation
http://www.iswearenglish.com/ https://www.facebook.com/iswearenglish https://twitter.com/iswearenglish In this video you can listen to a British reader reading the first chapter of Middlemarch by George Eliot . Middlemarch is a classic British novel and you can hear it read in a British English accent. There are subtitles with this reading of Midlemarch so you can follow the text on screen or with the subtitles Middlemarch - Chapter 1 - British Reading - By George Eliot - British English Pronunciation Middlemarch By George Eliot BOOK I. MISS BROOKE. CHAPTER I. "Since I can do no good because a woman, Reach constantly at something that is near it. —The Maid's Tragedy: BEAUMONT AND FLETCHER. Miss Brooke had that kind of beauty which seems to be thrown into relief by poor dress. Her hand and wrist were so finely formed that she could wear sleeves not less bare of style than those in which the Blessed Virgin appeared to Italian painters; and her profile as well as her stature and bearing seemed to gain the more dignity from her plain garments, which by the side of provincial fashion gave her the impressiveness of a fine quotation from the Bible,—or from one of our elder poets,—in a paragraph of to-day's newspaper. She was usually spoken of as being remarkably clever, but with the addition that her sister Celia had more common-sense. Nevertheless, Celia wore scarcely more trimmings; and it was only to close observers that her dress differed from her sister's, and had a shade of coquetry in its arrangements; for Miss Brooke's plain dressing was due to mixed conditions, in most of which her sister shared. The pride of being ladies had something to do with it: the Brooke connections, though not exactly aristocratic, were unquestionably "good:" if you inquired backward for a generation or two, you would not find any yard-measuring or parcel-tying forefathers—anything lower than an admiral or a clergyman; and there was even an ancestor discernible as a Puritan gentleman who served under Cromwell, but afterwards conformed, and managed to come out of all political troubles as the proprietor of a respectable family estate. Young women of such birth, living in a quiet country-house, and attending a village church hardly larger than a parlour, naturally regarded frippery as the ambition of a huckster's daughter. Then there was well-bred economy, which in those days made show in dress the first item to be deducted from, when any margin was required for expenses more distinctive of rank. Such reasons would have been enough to account for plain dress, quite apart from religious feeling; but in Miss Brooke's case, religion alone would have determined it; and Celia mildly acquiesced in all her sister's sentiments, only infusing them with that common-sense which is able to accept momentous doctrines without any eccentric agitation. Dorothea knew many passages of Pascal's Pensees and of Jeremy Taylor by heart; and to her the destinies of mankind, seen by the light of Christianity, made the solicitudes of feminine fashion appear an occupation for Bedlam. She could not reconcile the anxieties of a spiritual life involving eternal consequences, with a keen interest in gimp and artificial protrusions of drapery. Her mind was theoretic, and yearned by its nature after some lofty conception of the world which might frankly include the parish of Tipton and her own rule of conduct there; she was enamoured of intensity and greatness, and rash in embracing whatever seemed to her to have those aspects; likely to seek martyrdom, to make retractations, and then to incur martyrdom after all in a quarter where she had not sought it. Certainly such elements in the character of a marriageable girl tended to interfere with her lot, and hinder it from being decided according to custom, by good looks, vanity, and merely canine affection. With all this, she, the elder of the sisters, was not yet twenty, and they had both been educated, since they were about twelve years old and had lost their parents, on plans at once narrow and promiscuous, first in an English family and afterwards in a Swiss family at Lausanne, their bachelor uncle and guardian trying in this way to remedy the disadvantages of their orphaned condition. Middlemarch reading George Eliot chapter 1 british english pronunciation
Views: 6697 iswearenglish
Example: Accumulated Adjustment Account AAA | Corporate Income Tax | CPA REG | Ch 22 P 5
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
Schedule M 1 Form 1120 | Corporate Income Tax Course  | CPA Exam Regulation | TCJA 2017
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]