Accounting cycle and business accounting and management accounting and industrial accounting services in Karachi

The Accountant the group of Accountant who guide about each transaction of accounts and accounting cycle.
Our all services are about to guide about accounting cycle from any basic debit or credit entry.
We have explain it that the basic entry source in business accounting is the supporting document as bill is that peace of paper which called invoice of supplier and services provider bill.
In our opinion bill is the one of important peace of document which tell us about material description,vender particulars expense period and amount of expenses here we can see that this support is very keen value in following accounting.
Business accounting,managerial Accounting,financial accounting,cost accounting and company accounting.
From the support this bill we prapare debit or credit voucher in which we take care of voucher date ,payment detail,supplier name , supplier bill no , supplier bill calculation and amount in digit and amount in figurs and voucher date .
After prepairing debit voucher or credit voucher, we have to post in cash book/bank book then after from cash book or bank book same transaction has to post in general ledger or some times party ledger separatly.
This accounting cycly involve bill,voucher, cash book / bank book
General ledger ,party ledger, puches book , sales book,vender ledger , supplier ledger inventory ledger , account/accounts receiveable,
We provide services to manage account/ accounts payable, business accounting,mangement accounting,cost accounting, mangerial accounting, accounting ratios, trail balance, profit and loss account, trading account, manufacturing ,impoter accounts, exporter accounts, property accounts , bank reconciliations, internal audit, sales audit, graduity funds, provident .
funds,tax/taxes , income tax ,sales tax,sales tax registration, company registration, tax advisory,tax. Management , tax consultancy , tax consultant,tax clain,tax refund,tax. Adjustment ,tax appeal, tax hearing,tax calculation,tax calculater, tax advisor,tax consultant, tax planner, tax planning, tax costing , tax on export,tax on import,tax on rebaite, tax super,salary tax, tax on divident etc

Bookkeeping issues and solutions in Karachi Pakistan

Most of the Company owner always speak about the poor efficiency of Account’s department, they are not willing to provide right report at perfect time, here i think Management reporting have essential in managing the business and achieving company goals and future planning. If these report have not been received from staff then management cannot do any forecasting regarding the business movement to right direction.
Employer needs to have following reports.
Bank Position on daily basis.
Account receivable on daily basis.
stock available report for current period.
fund expected in coming week.
comparison of sales scheduled and actual sales.
comparison of fund availability and actual fund available with reasoning sheet.
Comparison of Production actual and expected in a day.
Comparison of cost Goods. Manufactured and cost goods manufactured as per formula with reasoning sheet.
Update Position of Payable.
Current Position of Purchase required.
Present report of Prime Raw material available for Productions

But who knows what are the factors

100% Audit Voucher to voucher and Bill to Bill

100% Audit Voucher to voucher and Bill to Bill

we provide 100% audit of Your company accounts from Voucher to voucher and bill to bill and help and guide to get 100% accurate results of your worries, we also reconcile all ledger entries from cash book to trial balance and balance sheet,  step to step so that we could orient result as per your expectation. Here we never neglect any kind of adjustments and transfer entries.Our expert team execute system of accuracy and transparency cross checking which  reflect and provide you a view to see reports in so many angles which help you to make future planning , feasibility, profitability, return of investment, business hidden losses and potential for any hidden profitability for your planing. Our this services will really provide you many aspect to enjoy your business financial transaction by each and every aspects MIR (Management Information report.

What is “income from dividends”

income from dividends

Tax on dividends.— (1st to this Ordinance, a tax shall be imposed, at the rate specified in Division III of Part I of the First Schedule, on every person who receives a dividend from a 1[ ] company2[or treated as dividend under clause (19) of section 2].
(2) The tax imposed under sub-section (1) on a person who receives a dividend shall be computed by applying the relevant rate of tax to the gross amount of the dividend.
(3) This section shall not apply to a dividend that is exempt from tax

All company can be register in Karachi Pakistan and its easy to register as per SECP law.
Income tax filing is due on each income tax holders or whos income is tax able as per law or earning income which is taxable so any of the person living or doing business in pakistan karachi is liable to have filing of income tax. All type of company can have ntn or regisyration with secp wether they have ntn or going to apply for ntn must have to file income tax return. Wether company is register as proprietership company or they are partnership company or may have register in private limited company. Must have to file income tax return annualy. You can search low cost practictioner available in karachi they do good practcing and are famous due to good and reliable and faithfull income tax services.those have income from property i mean have such income out of exemption from income as per given exemption schedule first of fbr pakistan or as per iris verification system of tax payer is very competent and valid authority and its very reliable services iris is the system of tax filing tax verification and tax submiting as agent of deduction at source or you can say withholding tax agent of government of Pakistan.the super tax is the highest rate of tax payable behond the limits of maximum tax schedule limit.

According internal Audit, Problems in the valuation of assets

The accuracy of the balance sheet and the estimated profit of a concern depend upon the correct valuation of the assets and liabilities . the valuation of the assets is made by the proprietors or  officials of company or the firm. the auditor has simply to apply certain tests regarding the valuation of the asset. he is entitled to rely upon the certificates of component person such as valuers , surveyors etc. If he does so he, must mention this fact in his report . He cannot be expected to possess the technical knowledge to find out the value of the assets. Under such conditions , he should       the valuation also refer to the invoices to find out the prices at which such assets were acquired. Of course he cannot guarantee the correctness of the valuation of the assets. 

New company Registration issues and solutions

When any one or body  wants to start a business he has some question

  1. from what name business should be started this is major  problem among the people to choose the name of company or business it is not too much difficult we will provide you the solution to choose the business name.
  2. what business should be start how to calculate expected profit because the purpose of main business is a profit but how to calculate the profit which has been expected from the business that feasibility we will discuss the below
  3.   from where things to be prepared or Purchase to resell
  4. from where skilled  labor to be obtain, we will discuss this below
  5. how to get raw material
  6. how to select business
  7. how to see the hidden profit and expenses
  8. how to see the business in future.
  9. how to execute the business.

above mentioned issues are really has to face when any body think about to start new business 

What name of Business suit to 

owner can select the business name on his own name because people  knows him very well

otherwise he should start his business with the name of his parents

or start two , two alphabets from his father and mother name

or start his business name from his profession

or writ his business name with Islamic values

start his business name with local area

start his business name with city name

start his business with and worldwide famous name

start his business name with trade makr

 what business should start 

before starting any business you should see the skilled do you have that skilled or do u have people those have that skilled search people or group with the skilled business required

from where goods to be prepared or Purchase 

before starting any business you should know the places from where you will get raw material for your finished goods or you will purchase things.

what is the meaning of verification

Verification means proving the truth or confirmation the student is warned at this stage not to confuse verification with vouching the expenditure in connection with the acquisition of an assets. One of the most important duties of an auditor in connection with the auditors of the accounts of concern is to verify the assets and liability  appearing in the balance sheet. He has not only to examine the airthmatical  accuracy and bana fide of the transactions in the book of accounts bu vouching.

How to check Bills Receivable

the auditor  should examine the lease deeds and agreement to ascertain the amount of rent payable , the due date and provision regarding the receipts etc. rent received.

bills receivable book should be compared with cash book and the pass book to see that the amount has been received on the due date inquiries should  be made regarding the bills which have  matured but the amount has not been received for them . such billed might have been dishonored or retired It is also possible that such bills might have been paid and proceeds might have been misappropriated by the cashier.


what should be object of an Audit

Audit Object: Process of any reconciliation 0r checking  or calculation of independents judgment whether the amount of balance sheet or profit and loss account has true and fare reflection as per book of accountant company Ordinance and other Law enforce in Pakistan or in summary you can say that a purpose of calculation and the checking of accuracy called the object of Audit.


Voucher as Basic Documents in Bookkeeping cycle

VoucherAs it has been explained in our before published post as on 18-july 2018 that voucher is a documentary evidence  in support of transaction in the book of accounts.

Voucher has following particulars 

  1. Debit head of Accounts/ credit head Of Accounts
  2. Particulars of the Transaction  supplier name , shop name, purchase items detail or expense name and details 
  3. date and bill date
  4. amount in words and digit 
  5. particulars of person to whom cash or cheques has been delivered                                                                       photo is given below