24th November 2010 From India , Hyderabad
we do first talling of Trial balance then we have posting the prescribed entries in balance sheet i.e liabilities and assets side in trial balance all debit goes to assets side and credit goes to liabilities side both side are tallyieng,
profit and loss a/c is the company profit and losses it will identifing total turn over + other income - ditrect expenses + indirect expenses = we got NET PROFIT
3rd May 2011 From India , Bangalore
This is Manoj Kumar from Hyderabad, doing as a US Accounts Executive in IT Solutions company,
it is It Staffing and developing company, any one please advice to me how to prepare the MIS financial reports to IT Staffing and developing company, and give some sample xls file,
I am eagarly waiting for your responce
Thanks & Regards
15th December 2012 From India, Hyderabad
In fact, balance sheets and other financial statements shall not be understood easily by top management.
They want precise and precious useful information only.
So as you are now in key position and not able to generate reports, do not waste time.
Simple figures also are helpful as follows:
Total sales Rs. 100 lakhs
Total purch. Rs. 90 lakhs
Total cr. sales Rs. 50 lakhs
Bad debts more than 3 months Rs. 60 lakhs
So the top management will appreciate the key figures like bad debts lying more than 3 months and the corrective steps.
15th January 2013 From India, Mumbai