Accounting Professional Archives - Blog

Why to Choose Accounting as a Career?

September 12, 2017September 23, 2017 Naresh Sharma

Like about everything in life, a career in accounting has its positives and negatives. Be that as it may, actually it’s less that the career itself is great or awful, yet rather that it’s an ideal choice for specific individuals and for nobody else. Consider it like looking for another auto—a few people look for reliability and security while others ache for execution and looks. Neither one of the options is naturally great or terrible, however every vehicle is a superior decision for various sorts of individuals. What you’ll think about an accounting career relies upon your identity, working style Read More …

GST Rate Structure Finalized, Panel Fixes Rates At 5%, 12%, 18% & 28%

November 4, 2016November 4, 2016 Naresh Sharma

GST Rate Structure Finalized, Panel Fixes Rates At 5%, 12%, 18% & 28% NEW DELHI: A 4-tier GST tax structure of 5%, 12%, 18% & 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also engage an additional cess, was decided by the all- powerful GST Council on Thursday. With a view to keeping expansion under check, essential items including food, which presently constitute roughly half of the consumer inflation ca, will be taxed at zero rate. The lowest rate of 5% would be for common use items while there would be two standard rate of Read More …

What is GST? India is moving towards a flawed GST

October 25, 2016 Naresh Sharma

What is GST? August 3rd, 2016 will be recorded as a red letter day in the history of Indian taxation due to the near consistent passage of 122nd Constitutional Bill in Rajya Sabha, paving the way for roll-out of GST in India from 1st of April 2017. GST Bill has significantly evolved over the past decade and is touted as the single most tax amend in India since independence. It is estimated to boost GDP by 1.5 to 2%. ‘One India, One Tax ’will be the modern existence with GST subsuming over ten indirect taxes and making India a common market. Apart from Read More …

Features are available in Tally ERP 9 for Accounting

June 10, 2016 Naresh Sharma

For Accounting Tally ERP 9 offers Outstanding Management Cost/Profit Centers Management Invoicing Budget/Scenario Management Other features like Cheque Printing, etc.

Basic Accounting and Inventory Feature in Tally.Erp9

June 10, 2016 Naresh Sharma

FUNCTIONAL FEATURES OF TALLY.ERP9 BASIC ACCOUNTING BASIC INVENTORY Complete book –keeping Stock categories Books, registers and statements of accounts Stock query by stock group, or stock category General ledgers Multiple godowns Accounts receivable and accounts payable Stock transfers to godowns and branches Flexible voucher numbering Multiple stock valuation methods Flexible classification of account heads Batch-wise, including expiry date handling Panoramic view Alternate units of measure and tail units. Drill-down display Tracking through receipt notes/delivery notes/ rejections inwards/rejections outwards. Database reporting Additional cost incurred on purchase Voucher and cheque printing Movement/profitability analysis party-wise/item-wise/stock group-wise Columnar reports Customizable sale invoices using price Read More …

Short Cut Key – Function Key Combination

June 10, 2016June 10, 2016 Naresh Sharma

Windows Functionality Availability F1 To select a company At all masters menu screen F1 To select the Accounts Button At the Accounting Voucher creation and alteration screen F1 (ALT+F1) To select the Inventory To view the detailed or condensed report At the Inventory/Payroll Voucher creation and alteration screen In almost all the Reports F1 (CTRL + F1) To select Payroll Vouchers to alter At the Accounting/Inventory voucher creation or alteration screen. F2 To change the current date To select company inventory features At almost all screens in TALLY.ERP 9 At the F11: Features screen F3 Read More …

Interview Questions on Accounting

June 10, 2016 Naresh Sharma

interview questions and answer, answer tips by links below: 1. Why do you want to work as an accountant? 2. Why you chose your A Levels for Accounting? 3. What are the qualities that make for a good accountant? 4. Explain the accounts payable cycle? 5. What accounts payable applications are you familiar with? 6. What do you consider to be the biggest challenge facing the accounting profession today? 7. How many invoices on average do you handle on a weekly/monthly basis? 8. What are the steps to take before you approve an invoice for payment? 9. Tell me about an invoice discrepancy you discovered and how you resolved Read More …

4-Tips to Becoming an Accountant

June 10, 2016 Naresh Sharma

In this era of economic uncertainty, it’s not just about making money. For businesses and individuals alike, minimizing expenses and documenting all business transactions correctly and honestly have become just as important as maximizing revenue. That’s where accountants come in. Despite the “bean counter” stereotype, accountants are invaluable employees who lead clients through the ever-changing worlds of tax and finance. With corporate scandals filling up the news cycle on a daily basis, finding the right accountant isn’t just a sound financial decision – it could keep businesspeople out of bankruptcy … or even prison. Not only are accountants of paramount Read More …

Opportunity to Get Certified in Tally.ERP9(Online)

June 10, 2016September 20, 2018 Naresh Sharma

Opportunity to get Certified in Tally. Getting this Certificate/Scorecard in Attitude Tally Academy is especially good for those who • Already have good working knowledge of Tally & Accounting, but do not have a valid Tally Certificate or • Have a certificate from any institute other than an authorized Tally Academy , which is not considered as a valid credentials by most employers looking for Tally Professionals • Have got certified in older versions ( before Tally.ERP 9) of Tally. • Want to simply wish to upgrade their credentials for promotions and better jobs