Useful keyboard shortcuts in Tally prime Tally Prime, a popular accounting software, provides several keyboard shortcuts to enhance user efficiency. Here are some useful keyboard shortcuts in Tally Prime: 1. Alt + 2: To Duplicate a voucher. 2. Alt + C: To create a master at a voucher screen. 3. Alt + D: To delete …
Bank Reconciliation Bank reconciliation is a crucial process in accounting that ensures the accuracy and consistency between a company’s financial records and its bank statements. It involves comparing the company’s internal records of transactions with the bank’s records to identify and resolve any discrepancies. Here’s a step-by-step guide on how to perform bank reconciliation: Steps …
To generate a VAT (Value Added Tax) report in Tally Prime, follow these steps: The VAT report will show a detailed breakdown of all the VAT-related transactions that have occurred during the selected period, including the amount of VAT charged, the amount of VAT collected, and the net VAT payable or receivable. You can use …
Purchases In accounting and business, “purchases” generally refer to the acquisition of goods or services for a monetary consideration. This term is commonly associated with the procurement of inventory or raw materials necessary for a company’s operations. Here are a few points related to purchases in the context of business and accounting: 1. Inventory Purchases: …
In Tally Prime, you can retrieve the trial balance by following these steps:
Who are commercial property buyers? Commercial property buyers are individuals, companies, or entities that purchase commercial real estate for various purposes. Commercial properties are real estate assets primarily used for business or income-generating activities rather than residential purposes. Commercial property buyers can include: 1. Investors: Individuals or institutional investors, such as real estate investment trusts …
Read more “VAT Payment guide for commercial property buyers”
Dubai Customs operating under “The Government of Dubai” vide Customs Notice No. (09/2021) has brought in a notice concerning personal imports via e-commerce. There are 13 articles as follows. (1) – Definitions Follow the definitions of these terms. (a) Department (b) Companies (c) Value (d) Platform (e) Personal Goods (2) – Registration It states that …
Commercial Property Commercial property transactions Overview of the steps required to complete VAT payment It is completed in two steps 1. Create an e-services account 2. Complete your VAT Payment Above 👆is the latest updated step-by-step process of settling VAT Payment Online on Commercial Property Transactions by Buyers or Sellers in UAE. Now either the …
Amendment of Tax Penalties as on 29.05.2021 TAXP001Download Redetermination of Penalties TAXP002Download Cabinet Decision No.49 of 2021 49/2021: to provide an extended timeframe for registrants to settle the outstanding payable taxes along with the 30% of administrative penalties up until 31 December 2022. Cabinet Decision No 49 of 2021Download Executive regulation for tax procedures Executive Regulation …
Please ensure to submit the Ultimate Beneficial Owner Declarations for your companies in UAE to your respective Licensing Authorities before the due date of 30 June 2021 or such an earlier date as prescribed by your respective licensing authority. Should you require our assistance in filing the UBO declaration for your Company, please feel free …