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[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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[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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Sources of Information. Information - Source Receipts - Whatsapp Group (KSA Sales) Payments (Cash) - Whatsapp Group (KSA Expense) Bank Statements & POS - in [email protected] Cash Book - in Google Drive.
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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.
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Managing Sources of Information – How to Post Check in next slides.
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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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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 (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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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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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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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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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 – 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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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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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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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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[Audio] 1. Identify Missing Receipts & Expenses Vouchers for remarks - Monthly Wise.
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[Audio] 1. Identify Missing Receipts & Expenses Vouchers for remarks - Monthly Wise.
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[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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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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[Audio] Thank you for Watching. Do drop in any queries to [email protected].