Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. … The income statement is also known as the “profit and loss statement” or “statement of revenue and expense.” Steps to view or delete the voucher Click on Income/Expense -> View Expense OR Click on Income/Expense...
Expenses = money spent or cost incurred in an organization’s efforts to generate revenue, representing the cost of doing business. Expenses may be in the form of actual cash payments (such as wages and salaries), a computed expired portion (depreciation) of an asset, or an amount taken out of earnings (such as bad...
Income is the source of Money. Users can maintain their Direct, Indirect Income In BharatBills. After Adding Add Expense Account in BharatBills users can add Income. Steps to Add income in Bharatbiils Click on income/Expense -> Add Income Add Income Income document have the system generated unique transaction number...
Expenses are the costs incurred to generate revenues. In other words, a firm records an expense when it disburses cash or promises to disburse cash for an asset or service used to generate income. A manufacturer would record an expense when it pays its employees for producing its products. Expenses accounts...
This is an extra befit for a firm because bank details will reflect on Tax invoice so that at the time of any transaction Customer can transfer the amount into the firm account directly without waiting for a long time. Initially, Bank details will be blank if any firm...
Terms and Conditions’ is the basic and mandatory part of any invoice. Here we specify all the standard terms and conditions, to which the invoice is compliant. Cancellation or rerun policy etc. can be maintained here. To enter or update the terms and conditions, the user had to navigate...
You can add your own signature in BharatBills which will reflect on each document related to your firm like Tax Invoice, Receipt etc. If you don’t want to print your signature on the documents, then you can go with setting –> master configuration and select the Enable/Disable option as...
Adding Firm Logo is another step to maintain the firm in BharatBills. The firm logo is the symbolic and unique representation of a Firm which is will reflect on each document related to your firm like Tax Invoice, Receipt etc. There is a option of Firm logo under Firm section. Once you will...
BharatBillls provides an option to update the firm details. The user can modify the firm details if any changes are required. There is an option of View Firm under ‘Firm’ section. This is just an overview section of firm details. Here, the user can check the firm details like...
Once the user is done with all the change, he can click on ‘Update’ button and if the user doesn’t want to update the details, then click on ‘Cancel’ button. If the user has entered any syntactically wrong detail in any field, it will be highlighted by the system....