Based on our previous discussion of TDS on Accounts Payable Advances, this blog focuses on how to apply TDS deductions to AP Advances for various payment options availabe in Sage Intacct . We’ll explore how businesses can efficiently manage TDS adjustments in Sage Intacct, ensuring accurate tax deductions and streamlined accounts payable processes. New Stuff:-… Read More »
In our previous blog, we discussed the Purchase Journal Report, which is part of our Expanded Withholding Tax. In today’s blog, we will provide a detailed discussion on the General Ledger Report in Sage Intacct ERP. A General Ledger is an essential accounting tool that systematically records financial transactions in chronological order. It follows the double-entry accounting system, ensuring accuracy and balance by affecting at least… Read More »
A Cash Receipts Journal Report is a financial document that tracks all incoming cash payments to a business over a specified period. In Sage Intacct ERP, this report offers a comprehensive summary of all cash receipts, detailing the date, amount, payer, and the reason for the payment. The information is derived from the Cash Receipts… Read More »
In Sage Intacct, The General Journal Report is used to determine the organization’s income and expenditure. It is among one of the crucial financial statements of a business that reflects its earnings over time. After reduction of all direct and indirect activity costs, the profit or loss is estimated. New Stuff: – Take Control of… Read More »
In our previous blog, we discussed the Sales Journal Report, which is part of our Expanded Withholding Tax. In today’s blog, we will provide a detailed discussion on the Purchase Journal Report in Sage Intacct ERP. The Purchase Journal is an important financial report that provides businesses with a clear overview of their purchasing activities over a given time period. This summary assists organizations in tracking expenses,… Read More »
A Cash Disbursement Journal Report is a financial report that tracks all outgoing cash payments within a business over a specific period. In Sage Intacct ERP, this report provides a detailed summary of all cash disbursements made, showing the date, amount, recipient, and purpose of the payment. The data is sourced from the Cash Disbursement… Read More »
Is Your ERP Holding Your Business Back? It Might Be Time for a Change. For businesses still relying on outdated, on-premise ERP systems, the struggle is real. Are you tired of wrestling with spreadsheets, struggling to get a clear picture of your finances, and worried about keeping up with customer demands? If so, it’s time… Read More »
Applying Tax Deducted at Source (TDS) advances on invoices refers to the practice of deducting tax from a payment before it is made to the supplier or service provider, based on the applicable TDS rates. In our previous blog for Sage Intacct , we discussed the process of TDS deduction on Accounts Payable Advances. In… Read More »
In our previous blog, we discussed the GSTR2 Report, which is part of our India Pack Report. In today’s blog, we will provide a detailed discussion on the Sales Journal Report in Sage Intacct ERP. A Sales Journal Report is a detailed record of all sales transactions within a specific period. It captures key details such as invoice numbers, customer information, products or services sold, quantities, prices, discounts,… Read More »
In Sage Intacct, The fundamental idea behind the consumption-based Goods and Services charge is to charge value added at every level of the company’s operations. Additionally, any tax paid on purchases may be credited or set off against the output or income liability. All transactions involving goods and services are subject to this tax. As… Read More »
