I think you should cover the TDS entry on interest on IC loan in Indian scenario. In IC transactions, in case of service industry there would be no inventory rather just billing for services and debit / credit notes in case X IC incurrs any expenditure on behalf of Y IC. So, you can cover debit credit notes accounting. You can cover IC differences and reconciliation.. Just ideas for one more video . You are doing great job 👍
Thank you for this video. How do you eliminate these transactions at the end of the month such as the sale of inventory, transfer of asset, loan and interest payments please?
Try to have exposure of customer data creation/ Billing process/ AR ageing/ highlighting any delays in AR recovery preferably in some pivot format along with reasons that why there has been delay and setting some timeline for regular reminders to account manager or customer for making payment would enhance your scope. Please make sure that any interaction with customer or account manager shall be only after permission from your senior in written.
In that case you need to pas journal entry of cash transfer to subsidiaries, and in books of subsidiary companies you will receive cash from parent company and other entry you will pass for rent payment, if it is clear, attempt all the entries in comments and if you will make any errors, I will be happy to help
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