Online Maths Education for Nursery students – Especially children of my fans and friends

Some time ago, I have made Nursery Maths Videos especially for my fans and friends' children who are starting hands on keyboard and mouse. For this I have spent my full Sunday for this and searched good videos relating to maths, counting, numbers and addition properties and all of them I have collected 10 Videos and set it in one web page. Because all of you are my fans and friends, so please show it to your children who are in preschool and it will be best e-learning for them. You will also like and love it.

Actually accounting field is deep related with mathematics and for becoming good accountant, it is the first condition that your mathematical skill must be good and fine. In you tube, you can find many videos but I have chosen best nursery maths videos. I also love mathematics and in my starting career, I taught mathematics to SOS children part time.
In nursery maths video history of mathematics is very educational video for young accountants also .

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Choose and Use free best business and finance templates from Google Docs gallery

From time to time Google products are becoming more suitable for business and finance sector and in this way google docs gallery is new step . When you log in you google docs account , you will find a button "from templates" in the last of New button in left side of google docs home page .

When you enter you can find large number of templates , these are PowerPoint presentation and excel files which are upload and freely shared to public by third person . But you can choose and take some of them for your business and finance purpose .
I like family budget planner , Break even analysis , business chart and tables and many more uses in my professional work.



What do you like ? , if you have used anyone of them , then tell me or rate them here .
When you will click on use this template , it will automatically reach in your google docs accounts where you can use it for your own purposes .

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Download Ms Access 2007 with more advance features

• Ms Access is the product of Microsoft Company and part of Ms Office. This software is most used in Top Indian Companies(Every one out of three ) for recording various organizational data relating to mailing list , contacts , customers , employees , products , suppliers and others management of data which are needed by companies for their works . But it is also used by chartered accountants and professional accountants and managers for recording of large number of accounting data.
  
  
  Microsoft Office Access 2007 provides you a new look and new features for supporting you which will provide you good working environment. You'll see it advance right away, starting with the Getting Started with Microsoft Office Access page where you can open a blank or existing database , download a pre-built database templates . Any option , you have to select for your work.
  
  

The programme of this software is divided in main four parts. First part is relating to making of tables, second part is query, third part is making of different forms and last part is related to reports. Microsoft Company has made several changes from time to time for making it advance and more suitable for companies work.



Retail price of ms access 2007 is $ 229 dollars but more concession when you will buy it with complete set of Ms. Office. You can free download for trial version of Ms Access 2007 from here for 60 days. You can also test it online before buying it.

There are following top 10 uses of MS Access for professional accountants:-


1st Use

With Ms Access, Accountant can make large data base of debtors and creditors with its detail of address and other professional detail.

2nd Use

In Ms Access, accountant can make different forms according to fulfilling statutory responsibilities.



3rd Use

By Ms Access, Accountants can get any query relating to past sale, past purchase, companies’ assets, liabilities and also compare with other companies data by effective utilization of query tool of ms access.

4th Use

If table’s columns are more than 10, then accountants can also make sub tables and also create relationship between two or more tables.

5th Use

The reports of Ms. Access can be collaborate and email in real time with other managers and CEO.

6th Use

Ms. Access also provides exports of report in text and excels files




7th Use

Operating ms access need not know high programming, it is so simple and ms access is automatic guide you what do you do in this .

8th Use


Ms. Access is very useful tool for making business project which are made especially by managers of company.

9th Use

Ms access works in Jet Database format . It means if you enter anything in ms access it is automatic saved and all file contained in this jet database format.

10th Use

Ms. Access provides also security option , if you keep password , then files are saved under this password locker and no one open your database without your permission.

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How to make your family budget in Google docs fastly

Are you not accountant ? or Have you zero intellect of accounting or system of making budget.
If answer is yes . Then I have one good news specially for you . You can make your family budget in Google docs spreadsheet and for this you need not take tension of making it . You can get pre-made copy of family budget planner and just have to put your following item.
Like

1. What are main incomes in different months .


2. What are main expenses in different months .
   

Following family budget planner will be helpful for making your family budget planner . Almost in USA 70% to 75% are using this family budget planner for making budget .

If you Desire to get this family planner in your google docs . For this I am spelling out simple procedure for this .

1st step

First of all you have to sign in google docs with your google id and password .

2nd step

Now Click on Family budget template and

3rd step

after this you will see the button on top "use this template " click this and you will find family budget template in your own google docs account and when you need you can feed your family budget data in this template and making better future planning after yearly evaluation of this family budget because , if we find that some expenses are without any necessity , next year we can change our planning and same expenses can be used for any other necessary purposes .

If you want to touch with Google docs blog for up to date , you can find this at http://googledocs.blogspot.com/ .

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How to read all related articles of Accounting Education in Wikipedia by just one click

Are you interested to read all related articles of accounting education in Wikipedia . If yes , then you need not search whole wikipedia one by one my all articles . I have a very simple tricks to read all related articles of accounting education in wikipedia by just one click . For reading similar article , you have to go Similpedia and write my website http://svtuition.blogspot.com/
and click on find similar . After this , you will see all related articles in wikipedia which I have already written my website .


try this tricks and enjoy also to read related articles in wikipedia . Actually Similpedia uses maths and algorithms to find related articles of any site and if you want to read the process in detail , you can find here .

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Simple procedure of VAT calculations and recording and printing of VAT form in tally 9

VAT means Value added Tax and its detail is fully mention in A White Paper On State-Level Value Added Tax under Ministry of Finance . It has 23 pages and If you want to understand the system of accounting of VAT , you should learn these white papers thoroughly and deeply , after this you will understand that it is just Indirect tax and if you are already paying any service tax , it is most related with service tax because both are indirect taxs and you can easily treat it .
see White paper here .

If I want to tell you about VAT in Simple words , then read my simple Words

"There are three bodies in VAT . One is Govt. , second is buyer and third is seller . buyers buys the goods and include some value and then it sell to other customers . It means every buyer is also seller and every seller is also buyer upto good reaching to final customer . So , because is VAT is orginally sale tax and it must be on the amount which is added by any seller to sell it to other customers . Suppose , if I have buyer any goods at 300 Rs. include VAT , I will sell it at Rs. 400 . What amount , I should pay to Govt. if VAT is 4% on these commodities

400 X 4/100 = 16 RS.

But I have allready paid Rs. 12 when I buy same goods , so this input VAT will deduct and

Now my responsibility is just to pay to Govt. Rs. 16- Rs. 12 = Rs. 4

Because . I have just add value RS. 100 in input before selling product . I think this system is most simple and almost every country is using this system , India has started it from
April 1, 2005 .


Understand Scientific System use in Tally 9 for recording of VAT

Tally 9 software makes a very scientific system for recording of VAT .

In tally you will first activate this feature in separte statutory feature F11 option . For this you will write in the front of Enable Value added tax . you will also write in the front of set / Alter VAT , afte this you will go to a new section , that is called VAT detail after writing it , you also mention your tax payer identification no. (TIN ) in VAT TIN ( Regular ) and accept this form


Create Input VAT ledger Account under Duties and Taxes and fix its Rate . Then Credit Output VAT ledger Account and its rate , after this also create purchase , sale and debtor and creditor account .


Create the ledger of Stock items in Inventory info.


Now pass the voucher entry of Purchase , in this voucher when you mention the net amount of purchase and write it in it after this again a black box open and you have to write input VAT and this tally shows the rate , you have to calculate the VAT on total amount and write here and after this accept it and and it can be also print form by going to day book.









Now pass the voucher entry of sale in sale voucher , in this voucher when you mention the net amount of sale and write it in it after this again a black box open and you have to write output VAT and this tally shows the rate , you have to calculate the VAT on total amount and write here and after this accept it and and it can be also print form by going to day book.


You can see the net amount payable to Govt. for this


gateway of tally >> display >> statutory Report >> VAT Reports >> VAT Computation


Tally will automatically shows the net amount of VAT which , you have paid ,

In picture , I have purchased 10 computer from RAM and sell them and to RAJU with VAT input and with VAT output and Now tally tells me my net payable amount to Govt . that is 12500 and it will automatically shows in balance sheet in tally 9 which I have specially checked before write this article . Believe me !





click on picture for large view

Now when you will pay the NET VAT payable to Govt . at this time , create a new ledger account with name of net vat payable account under duties and taxes and next select VAT and pass the voucher entry in payment voucher , just write Net VAT payable account and write the net amount which , you seen in above VAT Computation in tally VAT report and you can also print its VAT Form 16 and when you will see the balance sheet , it shows that you have paid your current liability of NET Value of VAT .



Now I makes theme of my above article

1. Activate VAT
2. Create the ledger of VAT input , vat output , vat net tax liability , purchase , sale , creditor and debtor account and also create stock item ledger .
3. pass the voucher entry of purchase include vat input and pass the voucher entry of sale include output vat
4. See the net amount payable to Govt. in VAT computation
5. Pass the voucher entry of payment of net vat to govt.
6. Print VAT form 15 and VAT form 16

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How to create multiple ledger in tally 9

Before learning creating of multiple ledger in tally 9 , we should understand what are main benefits of creating multiple ledger in tally .



There are three benefits of creating multiple ledger in tally 9 which can be explain in following way :-

1. With multiple ledger creation , you can make all ledger accounts fastly.


2. Tally 9 also provides the facility of multiple ledger alter and display . With these button , you can check whether , you have made correct ledger account or not , if not you can change any ledger account by just first eye mistake in tally multiple ledger alteration.


3. you can also enable to fast create ledger account in specific group , suppose , you have to pass 20000 voucher entries of different debtors in tally 9 , you can easily create 20000 debtors with their personal names in multiple ledger creation and it will surely save your time in specific group ledger creation

Now we start short tutorial of steps to create multiple ledger in tally 9

1. When you open tally 9 and and in selected company , you go to account info , here you will see a button and its name is ledger , now , you only do one this , please click it and then click on create in multiple ledgers


2. Now tally asks in which group you have to create ledger , if you create all ledger account then select all items , if you have to create ledgers under specific group , then please press the word on keyboard , suppose , you have to create different ledger accounts under sundry debtors , now press s , you will see the group sundry debtors in right side now , you will ready to create different ledger accounts of debtors .


3. If any account has any balance , then you can mention it in opening balance .

4. If you have to display specific group's all ledger accounts , then you can also follow the following procedure

account info >> ledger >> multiple ledger >> display>> write name in above black box and
then enter
For example , you want to see all creditor's ledger account
then you will write in black box sundry creditors and then after pressing enter , you will find all your made creditors in multiple ledger display.

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How to increase The Sale Of Printed Finance Magazine

If you want to increase the sale of your finance magazine in printed form , there are many ways but , I have liked one new way which I want to share with you .
The name of that way is issuu . Issuu is an online magazine publication site where any one can share his magazine with whole world , like YouTube or slide share . But most important thing is that

1. It has become the place for quality publications: Magazines, catalogs, documents, and stuff you'd normally find on print.


2. Google has give its page rank is 7 , which is base on back links , it means the traffic rate of issuu is just like the website of The New York Time

So , if you publish your printed Finance Magazine as sample it may reach almost every country's interested ordinance which can incrase your sale .

One more benefit is that you can also add different links of your website or blog when you will upload your magazine presentation in issuu . So, you can also increase the traffic from issue to your site means increase no. of visitors of your magazine .

I have also liked the frame of Issuu presentation which is flash and just like original magazine .

I have given two sample of issuu's finance magazine

eSmart Money 21 has published their printed magazine in issuu With name digital personal finance magazine .

Watch Digital personal finance magazine in issuu presentation

Watch Also Banking and Business Review Finance Magazine

For publishing magazine , you have to create your free account in issuu and you can Scan and upload all your printed finance magazine with the help of ms PowerPoint clips or pdf files .

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Choose bright and gorgeous career after B.Com.

I think , almost all Indian Universities have taken the exam. of B.Com. Final year . The students who have appeared B.Com. final year are starting to make new planning regarding career and searching Internet after B.Com.



If you are one of above students , then this article will be helpful for you to make stable and bright career after B.Com.
B.Com. is a bachelor of Commerce degree which is provided almost all Indian Universities for giving basic knowledge of business , finance , company , economy , management and accounting . But , it is not covered the specialization in any one subject . This degree is just fulfilment for basic requirement of different business jobs . Study of different subjects in B.Com. helps commerce graduates for getting their interest profession or career .

There are following major career after B.Com :

1. Accountant
2. Accounts Manager
3. Chartered Accountant
4. Cost Accountant
5. Manager
6. Company secretary
7. Officer in Banks and other Companies
8. IAS officer
9. Other finance and accounting related jobs
10. Teacher / Lecturer and Professor

Just doing B.Com. is not sufficient these days for getting any one above job without clearing postgraduate degree in commerce or management and other competitive examination . But after clearing B.Com. you have clear first stage of making your career and you have to ready for next stage .

• Because , you have to make first your objective . Whether , you have to do job or do any self profession .
• Because , you have to decide whether , you have to choose govt. sector jobs or do any private jobs .
• Because , if you have decided to choose govt. job , are you fully confirmed its tough eligibility like 60% or more in graduation , capability to clear competitive exam and interviews .

My Suggestion

1. Ready to study more
2. Ready to get minimum post graduate degree after B.Com.
3. Ready to research newspaper , Internet and job opportunity for best career .

Some True facts relating to the Accounting Profession :

• 
• ☼ In India , there are more than more than 150 Indian Companies ( wikipedia's list of Indian Companies ) and out of which 34 Indian companies have obtained top 10 position in the Forbes Global 2000 ranking for 2008 and many other foreign companies are also working in India , so a large number of Accountant with talent brain are need . So , you can get your opportunities in these companies .

• ☼ There are more than more than 50 Govt. of India ministries and most famous is Finance ministry where the Commerce graduate can also get accounting and other official jobs opportunity .

☼ Directory of the ministry of Govt. of India here . Time to time they invites application for jobs of commerce graduate directly published in their site or vie UPSC or SSC. So , keep in touch with sites of the ministries of Govt. of India.
☼ In India more than 250 banks are working where a commerce graduate can get opportunity as officer . One latest opportunity of officers' 1000 jobs offer is given by United Bank of India specially for Indian graduates .

• Opportunity in United Bank of India

Also Watch Google Docs Presentation for Career Tips

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Solution of cost center problem of Infrastructural Company

Problem

I have a problem regarding tally . Sir, my company is an infrastructural company and having work of construction of apartments, commercial buildings. Sir, I'm handling the accounts of the company and the problem is that there are 4 sites working in separate areas and the problem is that the bills are of steel, Rodi & there is distribution in these items also like jeera rodi, 1/2 rodi etc. The thing is how can i allocate the expenses of each site separately & also get to know that how much particular Rodi or steel had been used in that particular sites. I had opened cost centres also but the thing is he ask on bank charges also in which site the charges can transfer. It's too difficult to maintain the stock plz sir give suggestion how to maintain proper stock.

solution

From your question , I seem that you are not understanding Tally's system of maintaining cost center properly . Same problems are facing many other accountants and if you try to understand the system of maintaining cost center in tally . The solution becomes more easy specially for your construction company's expenses allocation . Now , I explain it easy way :-

you said me that you have four site

site A

site B

site C

site D

and your stock items for construction of building are

1. small stones
2. simat
3. steel
4. sand

etc.

Now for recording these items in proper site , you have to activate cost center in feature F11

, after this you have to make above sites create in cost center under primary cost category . After this , you have to create unit measurement and stock items above four like simat , small Stone etc . After this you have to create ledger accounts relating to your transactions like bank , sale and purchase accounts etc.

Now , you are ready for passing entries . When you will pass the voucher entry , suppose , if you buy , and when you pass the voucher entry in purchase in purchase voucher then tally opens new pop up window for inventory allocation . In this window , you will fill the form by writing the items and its value which you are purchasing and after this when you enter again a new pop up window will open and you have to write cost category as prime and and write those cost center for this you have bought stock and enter it after this fulfil the for of voucher entry of purchase . It will surely charge expenses on respected cost center means your respected site and , you will enable to get report and also print it by print command .

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Tips for Improving Accounting English

Question

I am an accountant in Haryana. I read your all blog daily. I have good knowledge of tally and accounts. But I can't speak or write English . Please guide me how to improve my English in accounting work .

Answer

Thanks for reading my accounting education journal and telling your personal problem . Dear , do not worry from English . It is so easy language and one good feature in English is that you can use synonyms of any difficult words with other simple word .

It is very simple formula to learn not only English but any language perfectly that

1. you should write that language
2. you should speak that language
3. you should discuss any matter in that language .
4. you should listen and read news in that language .

But all above things only , you will do , if you are fully interested to do that but your field is accounting . So for improving English , you should listen business news and also read business articles . I have also try to include some part of business news in Accounting Education Site's section . So , you can also take benefit from here for improving your English.

We should proud on India because we have best knowledge of Accounting in Whole World but any one who will utilize it can get benefit from it . Make English language as your tool for increase your capacity in the field of Accounting at world level .

Because in the Success History of India there are many Examples which shows that Indian are best and world can not fully operate without help of Indians . We can take an example of Sanjay Jha , who belongs to Bihar State which is one of nil English State of India but you will be wonder to listen that he is now the CEO of Motorola mobile company and his salary package is 40 Lakh Dollar ( 5 Arab and 19 crores rupees ) . Because he got a PhD in electronic and electrical engineering from the University of Strathclyde, Scotland. But , if he was horrified to just name of learning of English . Could he succeed in his life ?

Never !

and I can take another example Rakesh Jhunjhunwala who was a simple Indian Chartered accountant




but do to his hard work in share market he has become richest person of with his wealth of $ 1.1 billion dollars . So , dear , English is for accountants are just way of communication but not your sole objective and there are also many other problems which you have to solve .

So , I again stress to you never fear from English language but change your thinking and absorb some new words of English relating to business in your memory daily and you will see after some time a large number of English words will collect in your memory automatically which you can utilize where you think to use . This is a my own approach but , you can also consult with experts in the field of English . They can also guide you .

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How to Print Accounting Education Site Posts Effectively

Many students and accountants are interested to know how to print the posts of Accounting Education Site effectively . Now today , I have also solved their problem . Because , Now you can find print button below of every post of this site and just one click and you can print the whole article of accounting education . You can also see the print preview and print only those pages which you have needed .

Today , I have done this with help of Using a combination of CSS and JavaScript . The CSS and Java Script is taken from Blogger Buster , If you are interested to learn how to add print button in site , you can learn here .

Benefit of Print of Accounting Education Website

• Now you need not to change any extra setting for print only article because , after making printer friendly to this site , you can get only article and save your page wastage .
• You can get also image in same article .
• Now , you can also take the benefit to study this site's educational article offline .
  

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Become member of Accounting Education and Earn $ 10000

Today , 15/04/2009 , I have decided to help students and young freshers who are searching accounting jobs by giving them reward of $ 10000 out of Accounting Education Fund . It is my future planning and its first condition is to become the member of Accounting Education . This is also free just like free subscription of my newsletter . But member of Accounting Education Site will differ from my subscribers . Actually , I am interested to share my work with talent students and professional accountants .

In future , I am thinking to get help from you in my Accounting Education Site's Solution of Accounting Problem Project . I want that in future when any body search on google , he will get solution of accounting problem , not just result of search queries . That is my aim and I am working for this . I will provide reward to those member whose answer I will choose for my Accounting Education site's publication . More other terms and condition of this project will be shared to you when the project will be activate in future .

But , now is the first step of this project that is becoming of you as member of this site . For this you will send me your name , email address , your qualification, mail address , your latest passport size picture ( Attached ) with the subject as " acceptance for member of Accounting Education Site " at my email vinod_13242002@yaoo.com . After this your membership list will be published in this site with your email address only but , if you are not want to show your email desplay due to privacy , then please also write it , after this your email address will not be published or shared .

If you will encourage to other to become the member of Accounting Education . I will thankful to you specially . You can do this by forwarding this article to your friends and relatives by email bookmarking or social networking bookmarking . Any one can become member free of cost .

There are also following other benefits of becoming member :-

• I can enable to make close professional relationship with you.
• You can give the answer of practical accounting problems like Answer.Com and Yahoo ! Answer and Wikipedia and increase your accounting knowledge .
• You can also get reward for your higher education .

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Google Search engine as Accountant’s calculator

You all accountant know that calculator is best tool for your accounting calculation. There is large number of calculations which is done by calculator but you know that Google search engine has also a powerful calculator. It has many option which is not included in general calculator. From general calculation to difficult calculation can be done on Google search box with writing words of your numbers.

Procedure of using Google search engine as Accountant’s calculator


For Simple calculations

Write the calculation command

Suppose , if you add

Then write in google search engine as

1. add

10+15 or four plus three

After pressing , you can get the result


Or just like you can do many calculations

Like

2. Multiplication

56 * 7 or six times nine

3. Division

7 / 8 or ten divided by two

4. percentage of

15 mod 9 or 15 % 9


5. raise to a power

2^5 or 2**5

Except above you can also calculate Currency (money) , Mass , Length , Volume , Area , Temperature , Time , Angle , Quantity

Google Guide provides its full detail , you can get more information from here .

This Google calculator is one part of Google features

Google’s query Guide can also provide you the education of how to search better way in google search engine .

Suppose, you have to buy a accounting book between $ 100 to $ 300 dollar

You have write accounting book $100..$300 . Detail of this you can read here .
I think above calculator is very helpful for e-accounting learning .

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Solution of accounting problem of talk time mobile business

Question :

I have mobile shop purchasing “talk time” from mobile operator and selling it to shopkeepers. Mobile operator provides me “commission” as one case stated in your website.
There is no coupon business it is “talk time &validity “Only.
I have invested around Rs 40000/- out of which 15000 is for deposit and rest is for purchase of inventory (i.e. talk time).
i issue talk time on telephonic request to shopkeepers. And my staff collect cash from these shop keepers on daily basis.

I need your guidance
Regarding how to make entry for
1) capital invested.
2) Cash traction between me and operator, me and shop keepers
3) Inventory (talk time ) traction between me and operator, me and shop keepers

Answer :

1. When you have started your business , suppose only you have invested 40,000

the pass the following entry

Bank Account Dr. 40000

Capital Account Cr. 40000

It means 40000 , you have total invested in your business , now 40000 in bank is only for business purpose and its earning is your income vie bank interest or vie commission if you have invest in your productive work .

When you purchase talk time , it means it is just purchasing for you because you are dealing it and with in one you have to sell it .

Voucher Entries

1st : when you get talk time

Talk time ( Inventory Account )/ purchase Dr. 40000

bank account Cr. 15000

Mobile operator account Cr. 25000

2nd : When you pay balance amount of your received talk time

Mobile operator account Dr. 25000

Bank account Cr. 25000

3rd : When you got commission

Bank account Dr. XXXXX

Commission Cr. XXXXX

4th : When you sell Talk time to your customers

Bank Account Dr. XXXXX

Talk time / sale Cr. XXXXX

Special note
you can make ledger account first in account info of following

1. capital account under capital account

2. Bank account under bank account

3. mobile operator account under Creditor You have to also make inventory ledger in

gate way of tally >> inventory info

4. stock item

talk time under primary

5. unit measurement

t formal time and pass above voucher

read also

• solution of tax problems on commission
• accounting and tax treatment of retail business
• Tags: solution, tally 9, investment

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Learn New and Advance Features of Tally.ERP 9 and Tally.NET

Tally solution Pvt Ltd has launched new software named Tally.ERP 9 which is full fledged with new and advance techniques of online accounting . I have already written more about e-accounting and online accounting .

With Tally.ERP 9 , you can access your data from any place not to just from your local place but from any place of world and Also your chartered accountant can audit your company accounts from any place where is Internet connection is available . Now there is no need to send all financial reports to him by email or mail and also no need for chartered accountant to come to your office just for auditing . Your C.A. can log in and access your data and audit them . This software is most useful for those companies whose branches are spread all our the world . There are following its main features :-

1st Feature

Tally.NET Server will usable through Internet connectivity

2nd Feature

You can also get some of your accounting data from Mobile SMS , this facility is just similar to Google SMS system which I am using in my accounting education blog for alerting to my subscribers .

3rd Feature

This server provide you identity , authentication and authorisation power and this system is same as ATM system in which you need simple log in and pass ward for connect the Tally.NET server and you can do your work.

4th Feature

Tally is providing also new facility of calculating individual income tax which will also benefited for small businessman and retailers .

5th Feature

If you will read Tally ERP product notes pdf file's 13 page'3rd point , in which tally solution pvt. ltd is also saying that this software and server is under full security with advanced algorithms and handshake process . It means , there will no chance to commit any online scam through Tally.ERP and Tally.NET server and also nobody can spoof it with identity . For free download educational version of Tally.ERP , click here .

Tags: Tally 7.2 , Tally 9 , E-Accounting , Business News

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Know the history and working system of Calculator with in 3 minutes and 30 seconds

Today , in this world almost all accountants use calculator for different calculation like calculating of interest , discount and rate etc. But , I ask one question from you , do you know the basic history of calculator ? Actually calculator's history is related with china and china had invented calculator in the form of an abacus , after this different inventions brought it in present form .

Watch the following video in which Prof. Stag Jonson also told the history of calculator . After this you will understand how became calculator ??

For understanding the working system of calculator , you have to see picture and watch following video

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How can delete parent Group in tally?

In tally 9, you have facility to make unlimited parent and Children groups . Without deleting Children group, you can not delete parent group. Because In all children groups are under that parent group. But, I have an idea which I want to share with you. You can delete your parent group in tally if you alter its children group to its above rank parent group.
Understand this idea with a very simple example.

Suppose, you are working in MNC as accountant . Its main work is to sell their products at international level and it is using tally 9 to track the debtors and creditors and other transactions . So, tally has given only one group Sundry debtor ( automatic ) and you have made groups with following way according to your work at international level .

Country → Primary Group

India → Sundry debtor

USA → Sundry debtor

UK → Sundry debtor



Now Company has also made Children groups under this parent Groups

Children Group → Parent Group

UP → India
Maharashtra → India

Gujarat → India

It is also benefit that a children group will become parent group for next children group

Children group → Parent Group

Kanpur → UP

Lukhnow → UP

Agra → Up

Mumbai → Maharashtra

Pune → Maharashtra


Suppose you have to delete one parent company Maharashtra because , your company’s sale in Maharashtra state is approximately nil but , you can not delete it because you have already made two sub group as Children group , now according to my idea , you have alter children group with following way


Children group → Parent group

Mumbai → India

Pune → India


Now, there is no children group under parent group Maharashtra. Now, you can delete Parent Group Maharashtra. From time to time, you can adjust your group according to your business’s movement.

Read Also
_______________________________

• Service tax in tally9
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Solution of tax problems on the commission of mobile coupon selling

I am satisfied with your answer of my query

but i sill have a question that is as under :

Q:-

the dealer of the mobile services companies do not make a bill with vat but they deduct the services tax from the amount of the recharge coupon then calculate the commission .

e.g. i have purchased the recharge coupon of BSNL M.R.P. of 55 Rs. qty. 100Nos then they billing as under :

mrp. 55 * 100 = 5500

- *commission @ 3% = 148

bill amount to pay dealer = 5352(commission = 5500 - 10.36% s.t = 4930 * 3% comm. = 148 rs.) in this case we sell the recharge coupon at the M.R.P. and our profit commission of Rs. 148. so, if we treat our account as under : sales amount - purchase amount = our profit and we just pay the income tax ? or other rules of tax not liable for us?

Ans :-

Ok, I understood It means the nature of there business is to provide service so , Because service tax and VAT are indirect tax and your tax Burden will transfer to your customer .

e.g. i have purchased the recharge coupon of BSNL M.R.P. of 55 Rs. qty. 100 Nos. then they billing as under :
mrp. 55 * 100 = 5500
- *commission @ 3% = 148
Bill amount to pay dealer = 5352
(Commission = 5500 - 10.36% s.t = 4930 * 3% comm. = 148 rs.)


5500 @3 % = 165

Because you have sell each coupon at RS. 55

Purchase price + Service tax + your commission

47.82 + 5.698 + 1.48 = RS. 55

So, you need not pay service tax because your company have already paid service tax but , you have to include it in your total income and have to pay income tax and you have to also pay VAT on all other product’s sale .

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Listen Financial Crisis Podcast

Yesterday , I have written on main roots of Financial crisis , Now , you can listen it also on financial crisis podcast . For listening of this podcast click here

if you want to save it , then you have to save window media player in your hard disk .
for this file >> save media as >> desktop >> write the name of file >> save

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Main roots of Financial crisis in simple English

Financial crisis means the position of financial company in which his assets loss his real value.

We can generally see financial crisis in banks. But financial crisis may happen in stock market and currency market also. So , financial crisis are three type

• Financial crisis of bank
• Financial crisis of Currency market
• Financial crisis of Stock Market

Financial crisis is an accounting term and there are many reasons of financial crisis.


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Main reason of financial crisis of bank


If any banks whose amount are taken by its depositors hugely, at this time bank has incapable to pay cash to his customers because bank also invests their money in other financial market and there is risk factor is also involve in it. So, bank captured in this crisis and it is
ended by banks bankruptcy.



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Main reason of financial crisis of Currency market


You can also see financial crises situation in currency market . Some time value of currency is devalued by market fluctuations and speculative investors .


For Example


Suppose , 1 USA Dollar Currency Value is equal to Rs. 50 but due to speculative activity in currency market and if value of dollar is decreased means 1 dollar = Rs. 3 , then this will be very dangerous position for USA and it will say financial crisis of currency market . and its other name is international financial crises . Recession in business and depression also main factor for creating financial crises .



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Main reason of financial crisis of Stock market


Calculation of main reasons or roots of financial crisis of stock market is some difficult than calculation the reasons , causes and roots beyond currency and financial market like bank . Because value of share decreasing due to two or more happening factors at a time or due to bad performance of company for satisfying their customer and shareholders .


Common roots of financial crisis in any market


“ In simple word value of your company current and fixed asset suddenly decreased in market is called financial crises . “”


1st reason – Mistake in Expectations and forcaste ( forecast )

 We know that finance’s flow is always in financial market and investors are main factors of financial market. But before invest money every investor can not guess the other investors, what they will do after this . Every good and bad expectations can change market situation . Suppose , if any country’s investor things that his currency will rise , then they invest more , after more investment in that currency , they withdraw more from bank but when they withdraw fund from bank , bank also thinks that depositors are withdrawing their money and more and more negative expectation gives him brain to do mistake , either bank can take loan on high rate for paying customers but they capture in this vicious circle of financial crises because more they take loan for paying customer in emergency , they reach near to bankruptcy.

2. Invest or borrow other country’s currency

Accounting crisis , it means if accounting shows assets are less than company’s liability at this time , it is no right to any bank to do trade . This is also known as accounting mismatch .

3. Lack of human farsightedness

It is the nature of human being that he is not farsighted means if he does not think about future with logic and scientific way of estimation , he can surely Butt in financial crises .

4. Govt. 's bad regulation on financial market

If govt. become corrupt , and make bad regulation regarding financial market , at that time , market of financial can face the problem of financial crisis .

5. Frauds and scams in financial market

It is also the nature of human being that he can commit frauds . When a person bears on the earth he is pure but due to the dirty environment , there are large numbers of evils absorb in human being and after this he wants to earn more and more money by cheating and fraud because in financial market , there are huge amount is of common person like me and you in the form of shares but few cheaters want to get our all money through frauds and scams . For this , they can also use creative accounting tricks and all burden will on company and in last company declare himself insolvent or bankrupt . Because , company is nothing , he is just live in the eye of law but it is just association of people me and you and harmful root is also following



6. Vicious Circle of all above factors



It means , if govt will corrupt , it will encourage other factors as default , means other people will also become cheaters and commit fraud . This is called vicious circle and it is very dangerous because , if financial market's one factor is weak and responsible for financial crisis , then all factors also get support from this factor and become weak , just like HIV/ AIDS disease .

So , please understand these roots and try to remove from initial point for making country strong and free from financial crisis.

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Get Financial Statement in your own language

With tally ( the accounting software ) , now you can make your financial report in 13 language . Tally server is supported 13 languages and you can make and print final accounts in Punjabi , Hindi , Gujarati , Tamil , Telugu , Bengali , Marathi , Kannada, Indonesia, Malayalam .
For activate this option you have follow following procedure

• Go to balance sheet or profit and loss menu of tally.

• Click above language button , and choose your regional language.

• After this you can find your final accounts in your own language .
  

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Accounting and Tax treatment of Retail Mobile Shop

Question Asked by Student


I am the regular e-mail reader of your accounting education site and I learned extra which I don't know. thanks for it.
but I have still facing the problem about accounting and tax rule of retail mobile shop in which the translation are as under :

*** purchase the recharge coupon & mobile easy recharge balance with commission

*** sale the recharge coupon & mobile easy recharge balance with mrp.


so ,in this case , what the rules and regulation are affected in the account of this type of business. also says about the tax rules .and vat is applicable or not ?

i hope i would find my answer early if possible.

thanks.



Answer from Accounting Teacher


I think that you are operating your self -employed shop which comes under sole trade . I also think that you are operating tally software .

Because recharge coupon is your business stock , so you will deal it simply current assets .

first of all , you have to make stock item and stock measurement , I think also that you purchase it on per piece basis . Then pass the following journal entry .

Purchase account ( under Purchase account ) Dr.

Bank Account ( Under bank Account )Cr.

If you have keep tally in single mode then , you need not pass above entry , just click purchase voucher and take account type bank and fill , your item not only recharge coupon but also , if you have purchase any mobile of different companies , that can also write here and , accept purchase voucher in tally 9 .

I think , you have obtained commission when , you sell it to customer , then it can be showed as your income and pass the voucher entry of receiving amount in receipt voucher . If you sell easy recharge coupon and you have earned money it will also pass voucher entry of sale in single mode .

or if you want to double entry mode then

bank account dr.

sale account cr.


Tax treatment of Mobile Shop business


income tax

Income tax is one sole trade is your personal expense , so it will not show in your business record , if you have taken any money from business for paying income tax it will be your drawing and you will capital of business will be reduce with same amount

Here is the income tax rate slab and according to this , you have to pay your income tax .

Taxable income slab (Rs.) Rate (%)

Up to 1,50,000 Up to 1,80,000 (for women)Up to 2,25,000 (for resident individual of 65 years or above) → NIL



1,50,001 - 3,00,000 → 10 %



3,00,001 - 5,00,000 → 20 %



5,00,001 upwards → 30%


*A surcharge of 10 per cent of the total tax liability is applicable where the total income exceeds Rs 1,000,000.


Note: Education cess is applicable @ 3 per cent on income tax, inclusive of surcharge if there is any.


VAT

VAT is on sale of recharge coupon is 4 % . In law , it is duty of businessman who sells these card , have to pay VAT 4 % but , you can get credit or you can deduct the amount of VAT which is included when you bought these recharge coupons .

Suppose , you are retailer and buy recharge coupon at Rs. 300 with VAT Rs. 12

Now , if you sell it at Rs. 400 include VAT Rs. 16 , then you will deposit VAT to Govt

= Output VAT - Input VAT = Rs. 16 - Rs. 12 = Rs. 4


Service Tax

There is no service tax , because you are not providing any service .

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Comparison of Google Docs and Ms. Excel

Ms. Excel is used by Accountants in daily life and main aim is to record different list of buyers , sellers , investors and other making of graphs and moreover for calculations like interest , depreciation and discounts .

All these facilities are also available in Google Docs but if we compare Google Docs and Ms. Excel we find following differences :-



1st Difference

Ms. Excel is very useful tool of making data base in off line , you can make millions of list of your creditors and debtors and payrolls but , if you are working all time online then Google Docs are very useful tool for recording all above data and it will automatically saved in your google account , so you need not save after some time . In case cut off light , you will again recover your all recorded but not saved data in Google Docs but it is not possible in Ms. Excel


2nd Difference

Google Docs provide the facility of collaboration . It means when you feed any data in google docs , it will read other your senior C.A. in real time . Suppose , you are making payroll lists on Google Docs , your boss can also see and check your work in real time or same time what are you doing . There is no need to check through same office , your boss may check your performance from any other city , state or even other country . Even this collaboration of Google docs facilities are using for taking interview in several countries .






But if you feed data in ms. excel and want to share with other , you need to send it vie e-mail , which is very time consuming and boring but collaboration of Google docs is so simple and after second to second , you can see other person's activity on Google Docs excel sheet . I can say it is just like chat room of excel .

3rd Difference

Google Docs are very useful for showing online Data base . I am publishing all my online visitors profiles free of cost just help with Google Docs . This facility is also used by large scale companies for publishing their accounting data online and it is also part of the duty of accountants






But , the facility is not possible in Ms. Excel.


4th Difference

Google Docs can also be utilized for making flash presentation , I have making many educational and accounting presentation with google docs that are very attractive and helpful for online teaching . But Ms. excel has no such facility .





5th Difference

Privacy point of view Ms. excel is more safe than Google docs because , if you are working any share computer then if you are log in with remember me , then other person can see your all confidential reports and opens your secrete data but , if you are making ms excel and protect it with your password , it will not open without your permission . But , if you did not log in with remember me , then same facility of privacy can also get from Google docs .




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Effect of Increasing earnings on business - Chart

Accountant's duty is not to increase earning of business but he must know what effect of earning on business so that he can co-operate with businessman more effeciently.

When in any business , the earning will increase at this time , it will effect on two following things

1. Increase in operating income

2. Reduce in capital charges

After this increase of operating income affect further two things

1. increase in revenue generating capacity

2. Reducing expenses

And in other side capital charges will reduce in product of cost of capital and reduce of fixed assets and reduce of working capital .

And in end it will increase our sale , our sale price , reduce of cost of goods , increase productivity and efficiency and business will grow and his shares market value wil go upward .

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