| 1 |
Purchase Entry Supplier | Everyday On Tally |
| 2 |
Reconciling daily transactions with your bank statement and keeping the balance updated is crucial for maintaining financial accuracy.
Here's a structured approach to doing this effectively:- |
| A |
Gather Records – Collect all transaction details, including deposits, withdrawals, transfers, and fees from your bank account |
| B |
Compare with Bank Statement – Cross-check each entry in your internal records against the bank statement to identify discrepancies
and Submit printouts of tally entries once per week |
| C |
Identify Differences – Look for missing transactions, incorrect amounts, or unauthorized charges. |
| D |
Update Balance – Adjust your account balance accordingly based on cleared transactions. |
| E |
(A) Resolve Issues–Contact the bank if you find any errors or unexpected transactions. |
| F |
(A) Maintain a Record – Keep documentation of reconciled statements to support future financial tracking. |
| 3 |
Matching of GSTR-1 data and sending it to Chartered Accountant for filing monthly returns and matching of GSTR-2A |
| 4 |
Saving payment details in the cloud for all firms whose payment details have been provided to us by the customer |
| 5 |
After receiving the details of all entries in the ABC, those entries are to be verified by the Managing Director |
| 6 |
Taking printout of all the bills sent by Jitendra Sir and matching them with the total bill amount |