So we are starting intercompany postings. This can be called as intercompany postings or cross company code postings. So, we have a company called DRL, that is doctor Reddy Labs Group. In that, we have one company code is doctor Reddy Labs Bulk drugs, another one is doctor Reddy Labs Pharma. In [...]
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So I’m going to maintain separate books of accounts, Doctor Reddy Labs Bulk drugs, Doctor Red Labs Pharma. In the books of Doctor Reddy Labs Bulk Drugs, I’m going to open Doctor Reddy Labs Pharma account, Intercompany account. So one account I’m opening for other company code [...]
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Okay, now you’ll see the next topic, which is posting rounding differences. When we clear foreign currency invoice documents, we might end up with rounding differences, so the differences has to be posted to a P&L G/L account. You can do it here. Just click and enter the chart of [...]
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Okay, now we will see this topic, which is reset AR cleared items. Now I’ll let you know what it is. Okay, I have to post a document for that, invoice document, let me quickly post it. Select the customer, put in the invoice date, put in an amount of 1,000, no tax, choose the […]
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Now we see the same incoming partial payment by partial payment method. Okay, we’ll see what is the difference now. Okay, I have to create a document first. Let me quickly create another one. 10001. No tax. Let’s save it. We’ll see a warning message. Tax account, you need [...]
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Let us go to the next topic, which is incoming partial payments by residual method. We have already seen incoming payments in the basic training session, but we have not seen partial payments yet. What will happen if the invoice amount is 1000 and the customer makes a payment of [...]
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Let us go to this topic which is invoice posting with output tax. I am going to show you how to post an invoice with output tax. Output tax meaning that it is a sales tax, and purchase tax is known as input tax. Okay, this is the invoice screen. Normally, so far I […]
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So previously, we talked of 3 scenarios. All these three scenarios are also given in the notes. So admin building and, acquired on 01.04 and acquisition value is 22 lakhs, depreciation provided up to 30.09 at 55,150,150. The balance value is this much net book value is on 30.09. And scenario 1, [...]
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So we are going to acquire the asset. For acquiring the asset, Accounts Payable, Fixed Assets, Posting, Acquisition. This is External Acquisition. Why specifically it is stated as external acquisition? Because asset can be developed within house also. Say, for example, in my factory premises, [...]
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Okay, now we will go to our next topic, which is foreign currency invoice posting. We will see how to post the invoice which is not in the local currency. This is our invoice posting screen under the accounts payable document entry. Financial accounting, accounting, let’s go [...]
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