Skip to content

Stocks Mantra

Stocks which matters to me.

  • Sectors
    • Power & Energy Sector
    • Technology and Software
    • Defence Sector
    • Retail & Consumer Stocks
  • Useful Resources
    • Useful Resources
    • Important Dates
    • Important Statistics
  • Startups
  • Research & Analysis
  • IPO
  • About Us
  • Contact Us

ENTER DATA FOR THE FIRST MONTH OF OPERATION

  • GST - Tax - TDS - MCA
October 9, 2020 Ravi Kumar

Record short term investment

We are going to go to that checking account down here or the accounting down here on the left-hand side. we could select a short term investment account. if we had it. but if dealing with cash that’s usually the first thing that’s easiest for most people to think about.so

We are going to take the view register here and select the register.and what we are doing is we are taking money out of the checking account and we are putting into the short-term investment so we can see some of our drop downs here.

We are going to have a check number so we are going to say it’s going to be the check and then we are going to say the date. now note that the check number. while we are on the issue of check numbers it’s already here it’s already populating because it should be putting now if you were writing the checks by hand then of course you should be on that check number within the check that you are having to match up here if you were to print the checks you would still have our external checks that which you would have to print that cheque number on the external checks should match the cheque number automatically generated by that system.

That’s one of the internal controls related to each. if you don’t have a cheque number if this was an electronic transfer and you are just trying to put it in here to put it into the bank account to get your bank account correct so that you can reconcile.you could change the check number possibly to something else like a transfer or just delete.

In this account we are going to the balance sheets and put the date he is shown me all transactions. now we will go to the balance sheets and look short term investment. (overall means which investment is recovered by the 12 months he is short term investment) we are going to the dashboard in the account section and fill up all details and save this. now he presents me automatically short term invest investment in balance sheets.

Un deposited funds set up

We are going to the items down here will be in accounting we are looking for the chart of accounts. typically going to be an order buy types assets liabilities equity income and expense more especially bank accounts and account receivable than the current assets accounts or other assets account fixed assets account and then the liabilities and so on.

we are going to add another account.

It is going to be another asset account and it’s going to be just a holding account for our cash that we have or other receipt checks that we have received that we have not yet go into the bank and deposited. so we are going to a new account and we are going to make it another current asset type of account.

Then the detailed account there’s actually a detailed account for undeposited funds and that will help us to track this information.so we are going to go down and look for this undeposited funds account that will help us to you know track and group the information as we record these deposits into the bank.it will give us the default name as undeposited funds. that’s typically what most QuickBooks users would be used to. now we will save this.

Tagsadd another account.short term investmentUn deposited funds set up

Post navigation

Previous Post

ENTER DATA FOR THE FIRST MONTH OF OPERATION

Next Post

ENTER DATA FOR THE FIRST MONTH OF OPERATION

Categories

Recent Posts

  • How to link my Aadhar with my Pan card? | Aadhar Pan linking process.
  • Important things about the GSTIN number || All about the GSTIN
  • Can I take 2 GSTIN numbers on the same PAN card?
  • How to know if my Aadhaar card is linked to my PAN card? || PAN linked with Aadhar
  • Annexure V on GTA in GST || Annexure V Form is live on the GST portal
  • How to use ChatGpt for accounting works? || ChatGpt for accounting.
  • Income Tax Slab Rate For Financial Year 2023-2024 (Assessment Year 2024-2025) || Section 115BAC
  • What is 12BB form?
  • New Income Tax slab rate for FY. 2023 – 2024 AY. 2024 – 2025.
  • How to create GST temporary ID for unregistered person?
  • Stocks Delisting Regulations in India by SEBI 2023
  • Future of Reliance Naval and Engineering Ltd after Resolution plan with Hazel Infra Ltd
  • New rule in the GST section 88C || Notice for differences in GSTR-1 and GSTR-3B
  • Top 4 Gaming Stocks In India
  • New rule 37A in GST || What is rule 37A?
  • GST update || Please do it before the 31st of December 2022.
  • Adani Group’s Debt Statistics and Stocks which get impacted in case of default
  • A new way to pay TDS on the Income Tax Portal || Online way to pay the TDS on the Income Tax Portal.
  • How do I check my statement status default or process? || Check the status of the statement
  • A new way to download CSI files for filing TDS returns | How to download the CSI file from the Income Tax Portal?

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Tags

2021 2022 2023 CGST challan Companies company compliance Director eligible EPF GST gstin GSTR-1 GSTR-2B GSTR-3B HSN IFF IGST Income Tax India IPO issue ITC ITR new update Online PAN penalty process QRMP QRMP scheme Quickbooks quickbooks online rebate Salary Scheme SGST steps tan Tax TDS TDS on salary traces youtube
  • Free Video Tutorials
  • DevOps School
  • Best DevOps
  • scmGalaxy
  • Artificial Intelligence
  • DataOps
  • AIOps
  • GuruKul Galaxy
  • DevOps Consulting
  • DevOps Freelancers
  • DevOps Trainer
  • Free Ebooks
  • School for Debugger
  • Holiday Landmark
  • Surgery Planet
  • My Hospital Now
  • My Medic Plus
  • ProfessNow
  • Cotocus
  • Stocks Mantra
  • I Reviewed
WordPress Theme: Occasio by ThemeZee.