[Audio] Hello and welcome to the first video in this training series!
Congratulations on being selected to join the Masters Accounting team. We're excited to have you on board and look forward to your positive contributions.
In today's session, we'll be diving into an introduction to Winstar Accounting & End to End work. 

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Winstar is a Building Materials Trading Business It is a branch of UAE Company

INTERNAL TRAINING on Winstar Saudi Accounts

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Biju -         +966 58 212 0110
 Prateesh - +91 89077 90890

Accounting Software – Tally Version 2.1 (Remote Access)

Sources of Information. Information - Source Receipts - Whatsapp Group (KSA Sales) Payments (Cash) - Whatsapp Group (KSA Expense) Bank Statements & POS	-	in Stardubaisaudi@gmail.com Cash Book - in Google Drive. 

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Information			- 		Source
 Receipts 					- 	Whatsapp Group (KSA Sales) Payments (Cash)			- 	Whatsapp Group (KSA Expense) Bank Statements & POS	-	in Stardubaisaudi@gmail.com Cash Book					- 	in Google Drive

Managing Sources of Information – Where to save. Receipts - Save the pic in Sales Receipt folder & rename Pic as “# & Voucher no” Expense (Cash) - Save the pic in Expense folder & rename Pic as “# & Voucher no” Bank Statements & POS -	Save in Bank Statements folder Cash -	Save in Cash Book folder. 

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Managing Sources of Information – Where to save

Receipts 					- 	Save the pic in Sales Receipt folder & 										rename Pic as “# & Voucher no”
 Expense (Cash)			- 	Save the pic in Expense folder & 											rename Pic as “# & Voucher no”
 Bank Statements & POS		-	Save in Bank Statements folder
 Cash						-	Save in Cash Book folder

Managing Sources of Information – How to Post Check in next slides. 

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Managing Sources of Information – How to Post
 Check in next slides

Posting Information in Tally - Receipts. Information Posting in Tally Posted by S.No Receipt Voucher Type Voucher Type Transaction In Narration 1 Receipt POS Receipt - POS Bank Receipt No Master Team 2 Receipt Cash Receipt - Cash Cash Receipt No Master Team 3 Receipt Cheque Receipt - Bank Bank Receipt No Master Team 4 Receipt Transfer Receipt - Bank Bank Receipt No Master Team. 

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Information  
   Posting in Tally

 Posted by S.No Receipt Voucher Type   Voucher Type Transaction In Narration                   1 Receipt POS   Receipt - POS Bank Receipt No Master Team 2 Receipt Cash   Receipt - Cash Cash Receipt No Master Team
 3 Receipt Cheque   Receipt - Bank Bank Receipt No Master Team 4 Receipt Transfer   Receipt - Bank Bank Receipt No Master Team

Accounting Voucher Alteration ( star & Esttstar Dubai safety TOOIS & -wan 2022)) Receipt-POS Current balance particulars NO. 419 Saudi British Bank 94,469.22 or - 059 343954 001 Best Help Trading Est curBa1J 4,951.90 Agst Ref Agst Ref Agst Ref Agst Ret Agst Ref Agst Ret Narratiom 16724 823334/24 823358/24 823508/24 823684124 823867/24 823995/24 691.16 238.91 333.50 1 ,420.25 828.00 40.25 Cr cr cr cr I-Dec-24 Sunday Amount 3,552.07 3,552.07. 

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Accounting Voucher Alteration (
star & Esttstar Dubai safety TOOIS & -wan 2022))
Receipt-POS
Current balance
particulars
NO. 419
Saudi British Bank
94,469.22 or
- 059 343954 001
Best Help Trading Est
curBa1J 4,951.90
Agst Ref
Agst Ref
Agst Ref
Agst Ret
Agst Ref
Agst Ret
Narratiom
16724
823334/24
823358/24
823508/24
823684124
823867/24
823995/24
691.16
238.91
333.50
1 ,420.25
828.00
40.25
Cr
cr
cr
cr
I-Dec-24
Sunday
Amount
3,552.07
3,552.07

Accounting Voucher Alteration (Secondary) star Dubai safety TOO'S & Esttstaroubai safety TOO'S & uatenal ESt - wan 202211 Receipt Bank Account Current balance Particulars No. 3 Saudi BritiSh Bank - 059 343954 001 94,469.22 Dr A1 Marsa Marine Company Cur Bar 772.22 or Agst Ref 324913/24 Agst Ref 324921/24 431.25 cr 1,423.13 cr Narration Name on Receipt Narration: 16548 Q: Quit A1 Marsa Marine Company 3-Dec-24 Tuesday Amount 1,854.38 1,854.38 A : Accept D: Delete X : Cancel Vch. 

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Accounting Voucher Alteration (Secondary)
star Dubai safety TOO'S & Esttstaroubai safety TOO'S & uatenal ESt - wan 202211
Receipt Bank
Account
Current balance
Particulars
No. 3
Saudi BritiSh Bank - 059 343954 001
94,469.22 Dr
A1 Marsa Marine Company
Cur Bar 772.22 or
Agst Ref 324913/24
Agst Ref 324921/24
431.25 cr
1,423.13 cr
Narration
Name on Receipt
Narration:
16548
Q: Quit
A1 Marsa Marine Company
3-Dec-24
Tuesday
Amount
1,854.38
1,854.38
A : Accept
D: Delete
X : Cancel Vch

Voucher Type: Receipt – Cash. Accounting Voucher Alteration (Secondary) Star Dubai Safety TOOLS & Material Est (Star Dubai Safety Tools & Material Est . Wan 2022" Receipt Cash Account Current balance Parüculars Cash 15,305.09 Dr 1 -Dec -24 Sunday Amount Lulu A1 Sharqia Trading Cur Bal: 6.26952 Dr Agst Ref E,'23349/24 30 Days ( 17-May-24 ) 300.00 cr Narration Name on Receipt Narration: 16632 10: Quit Lulu A1 Sharqia Trading Est-(LOIO Trading ) IA: Accept D: Delete X: Cancel Vch. 

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Accounting Voucher Alteration (Secondary)
Star Dubai Safety TOOLS & Material Est (Star Dubai Safety Tools & Material Est
. Wan 2022"
Receipt Cash
Account
Current balance
Parüculars
Cash
15,305.09 Dr
1 -Dec -24
Sunday
Amount
Lulu A1 Sharqia Trading
Cur Bal:
6.26952 Dr
Agst Ref E,'23349/24
30 Days
( 17-May-24 )
300.00 cr
Narration
Name on Receipt
Narration:
16632
10: Quit
Lulu A1 Sharqia Trading Est-(LOIO Trading )
IA: Accept
D: Delete
X: Cancel Vch

Posting Information in Tally - Payments. Information Posting in Tally Posted by S.No Receipt/Payment Type Voucher Type Transaction In Narration 1 Payment Cash Payment Cash Creditors Cash Payment No Master Team 2 Payment Cash Cash Payment Cash Payment No Master Team 3 Payment Cash Payment Petty Cash Cash Payment No Master Team 4 Payment Cheque Bank Payment Bank Payment No Winstar Team 5 Payment Transfer Bank Payment Bank Winstar Team. 

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Information 
   Posting in Tally


 Posted by S.No Receipt/Payment Type   Voucher Type Transaction In Narration   1 Payment Cash   Payment Cash Creditors Cash Payment No Master Team
 2 Payment Cash   Cash Payment Cash Payment No Master Team
 3 Payment Cash   Payment Petty Cash Cash Payment No Master Team
 4 Payment Cheque    Bank Payment Bank Payment No Winstar Team 5 Payment Transfer   Bank Payment Bank
 Winstar Team

Voucher Type: Payment – Bank. Accounting Voucher Bank Payment C urrent balance Particulars Bank Charge 3 Saudi British Bank 94,248.86 Dr cur Bal. 8,438.04 Dr Narration: Bank charges from 01-12 to 03-12 - 059 343954 001 A: Accept Delete 3-oec-24 Tuesday Amount x: Cancel Vch. 

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Accounting Voucher
Bank Payment
C urrent balance
Particulars
Bank Charge
3
Saudi British Bank
94,248.86 Dr
cur Bal. 8,438.04 Dr
Narration:
Bank charges from 01-12 to 03-12
- 059 343954 001
A: Accept
Delete
3-oec-24
Tuesday
Amount
x:
Cancel Vch

Voucher Type: Payment – Cash Creditor’s. Accounting Voucher Alteration Payment Cash Cr's (Secondary) star Dubai safety Tools & Material Est IStar Dubai safety Tools & Material Est -Wan 202211 Account Current balance Particulars Cash 15,305.09 Dr Aimal A1 Arif Trading Est. cur Bal. O_OO Dr Agst Ref 324926/24 Narrati on Narration: 81 78 2,230.00 or a-Dec-24 Wednesday Amount 2,230.00 2,230.00 A: Accept D: Delete. 

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Voucher Type: Payment – Cash Creditor’s

Accounting Voucher Alteration
Payment Cash Cr's
(Secondary)
star Dubai safety Tools & Material Est IStar Dubai safety Tools & Material Est -Wan 202211
Account
Current balance
Particulars
Cash
15,305.09 Dr
Aimal A1 Arif Trading Est.
cur Bal.
O_OO Dr
Agst Ref 324926/24
Narrati on
Narration:
81 78
2,230.00 or
a-Dec-24
Wednesday
Amount
2,230.00
2,230.00
A: Accept
D: Delete

Voucher Type: Payment – Petty Cash. Accounting Voucher Alteration Payment Petty Cash Cash (Secondary) Star Dubai Safety Tools & Material Est (Star Dubai Safety & Material Est Van 2022}} Current halance Particulars 15,305.09 or Vehicle Repair & Service. Cur Bal: 39,659.70 or Accounts Narration: 8177 200.00 Dr a-Dec-24 Wednesday Amount 200.00 200.00. 

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Accounting Voucher Alteration
Payment Petty Cash
Cash
(Secondary)
Star Dubai
Safety Tools & Material Est (Star Dubai Safety & Material Est
Van 2022}}
Current halance
Particulars
15,305.09 or
Vehicle Repair & Service.
Cur Bal:
39,659.70 or
Accounts
Narration:
8177
200.00 Dr
a-Dec-24
Wednesday
Amount
200.00
200.00

Bank Reconciliaiton. Objective: Bank statement balance should be equal to Bank ledger in Tally Compare bank statements with bank ledger Check if any payments in bank statement is missing in bank ledger and inform winstar team to post If Pos transactions not reflected in bank statements – then move such pos transactions to next month/date (Check Note) Post all Bank charges at one date whenever doing bank reconciliation. 

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Objective: Bank statement balance should be equal to Bank ledger in Tally
 Compare bank statements with bank ledger Check if any payments in bank statement is missing in bank ledger and inform winstar team to post If Pos transactions not reflected in bank statements – then move such pos transactions to next month/date (Check Note) Post all Bank charges at one date whenever doing bank reconciliation

Note: Reason  for moving Pos to further months/dates POS Transactions: It’s a like credit card swipe or like transactions which will be processed by Merchant account (By bank) & credited to Clients Bank account after specified time

Cash Reconciliaiton. Objective: Cash statement balance should be equal to Cash ledger in Tally Compare Cash statements with cash ledger Check if any Receipts/payments in cash statement is missing in cash ledger and inform winstar team to share details Once got confirmation and do postings. 

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Objective: Cash statement balance should be equal to Cash ledger in Tally
 Compare Cash statements with cash ledger Check if any Receipts/payments in cash statement is missing in cash ledger and inform winstar team to share details Once got confirmation and do postings

Receipt/Payment Postings in Tally. Manual Vouchers will be shared by Winstar Team through Whatsapp All Cash receipts & Payments posted in tally by Masters Team All Bank receipts should be posted in tally by Masters Team.(Bank Payments should be posted in tally by Winstar Team) POS Transactions: It’s a like credit card swipe or like transactions which will be processed by Merchant account (By bank) & credited to Clients Bank account after specified time.. 

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Manual Vouchers will be shared by Winstar Team through Whatsapp All Cash receipts & Payments posted in tally by Masters Team  All Bank receipts should be posted in tally by Masters Team.(Bank Payments should be posted in tally by Winstar Team) POS Transactions: It’s a like credit card swipe or like transactions which will be processed by Merchant account (By bank) & credited to Clients Bank account after specified time.

Note:  While posting Transactions in Tally: Check Voucher Type & date For every Transaction enter Manual Voucher no in Tally – Narration

[Audio] 1. Identify Missing Receipts & Expenses Vouchers for remarks - Monthly Wise. 

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Receipt Vouchers: Note For Every sales person they will assign 50 sheet voucher book Check whether all receipt vouchers are in sequence format and available in our folder - If any is missing – confirm with them Expense Vouchers Check whether all Expense vouchers are in sequence format and available in our folder

Note: Check carefully – Choose Receipt register in tally for reconcile receipt vouchers For Pos transactions : We are moving some vouchers to further months/dates. So they may be some voucher available in previous months and sequence may mismatch For Some Direct Bank Transactions: They will create vouchers in recent book and then also sequence may mismatch and voucher may available in previous montj

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1. Stock Summary In Tally – Inventory Books- Stock category summary: Will get all items inward & outward, balances by configuration mode.

2. Check inventory pending for sales and purchase invoices, also invoices pending but inventory received in Tally,  Display more Reports (D)– Statement of Inventory (E)– Purchase Bills Pending (U) Display more Reports (D)– Statement of Inventory (E)– Sales Bills Pending (B)

3. Negative Stock list In Tally – Display more Reports (D)– Exceptional Reports (X)– Negative Stock(N)

[Audio] Adjust Receivables against Payables in coordination with Saudi Staff
Review Receivables ageing
Review Comparative Expenses
Review Inventory Movements (Identify Unnecessary Purchases & Slow-Moving Items). 

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Bank & Cash Reconciliation

 Receivables Ageing

 Comparative Expenses

 Inventory Movement Analysis

Reports. Sales Person wise Sales Reports (In Tally – Sales Register – click on change view – Extract view to get sales person wise report) Ageing Analysis – Sales person wise Comparative Expenses Reports Inventory Movements etc. 

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Sales Person wise Sales Reports (In Tally – Sales Register – click on change view – Extract view to get sales person wise report) Ageing Analysis – Sales person wise Comparative Expenses Reports  Inventory Movements etc

[Audio] Thank you for Watching. Do drop in any queries to hr@chipincorp.com. 

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SOP Winstar - 2

Hello and welcome to the first video in this training series!
Congratulations on being selected to join the Masters Accounting team. We're excited to have you on board and look forward to your positive contributions.
In today's session, we'll be diving into an introduction to Winstar Accounting & End to End work

avatar

1. Identify Missing Receipts & Expenses Vouchers for remarks  Monthly Wise

Adjust Receivables against Payables in coordination with Saudi Staff
Review Receivables ageing
Review Comparative Expenses
Review Inventory Movements (Identify Unnecessary Purchases & Slow Moving Items)

Thank you for Watching. Do drop in any queries to hr@chipincorp.com