Managing Expense / Income in BharatBills – BharatBills https://bharatbills.com/uguide Complete GST Billing Software Tue, 28 Dec 2021 06:41:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.6 https://bharatbills.com/uguide/wp-content/uploads/cache/2018/09/cropped-Logo1/19222522.png Managing Expense / Income in BharatBills – BharatBills https://bharatbills.com/uguide 32 32 How to add account master in BharatBills https://bharatbills.com/uguide/user-guide/how-to-add-expense-account-in-bharatbills/ Mon, 08 Oct 2018 11:33:19 +0000 http://bharatbills.in/?post_type=ht_kb&p=6490 Accounting scars the most out of us but not anymore! An easy user interface and quick access to every feature allow BharatBills to be the first choice of any. Account master is one such feature of BharatBills that eases the work of any user by providing the option to add or view the account group, for instance, add an account group named current assets as a parent group and further add debtors to simplify your income and expenses.

Account master holds the information like account groups, ledgers, and voucher types. The fields of account master will help you further in journal vouchers. You need to add the account name, amount, and a short narration to describe the transactions. Once added for both, debit and credit, you’ll be made available with the final debit and credit amount in the journal voucher.

Step to add an expense account in BharatBills

  • Click on Income/Expense -> Add Expense Account

  • Enter the Account Name
  • Select the GST% if applicable on that expense account
  • Enter the HSN Code, if you want to maintain the HSN code but its not a necessary field
  • Search the Parent Name name if you are creating a sub-account for any existing Account.
  • If you don’t want any parent account for the newly added account, please ignore this option
  • Select ITC (Input Tax Credit) yes or no
  • Click on Submit,  if you enter the information.

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]]> How to Add Income Voucher in BharatBills https://bharatbills.com/uguide/user-guide/how-to-add-income-in-bharatbills/ Wed, 10 Oct 2018 05:52:41 +0000 http://bharatbills.in/?post_type=ht_kb&p=6507 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
  • Select Transaction Date
  • Enter the long Narration about this document
  • Income Description
    • Select Income description or income account (Income in )
    • Enter Income Amount
    • Write short narration
    • Click on green button
    • You can add number of income description
  • Income From
    • Select Income source
    • Select income amount
    • write short narration about income source and click on green button
    • you can add number of income from
  • Click on Submit

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]]> How to Add Expense Voucher in Bharatbills https://bharatbills.com/uguide/user-guide/how-to-add-expense-in-bharatbills/ Wed, 10 Oct 2018 06:36:12 +0000 http://bharatbills.in/?post_type=ht_kb&p=6494 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 debts).

Steps to add expense in BharatBills

  • Click on Income/Expense -> Add Expense
  • Expense document have the system generated unique transaction number
  • Select Transaction Date
  • Enter the long Narration about this document
  • Expense Description
    • Select Expense description or expense account
    • Enter Income Amount
    • Write short narration
    • Click on green button
    • You can add number of expense description
  • Paying Accounts
    • Select Paying account
    • Enter the  amount
    • write short narration about this and click on green button
    • you can add number of paying account
  • Select the RCM Nature Type
    • Enter the supplier details if RCM Nature is Yes
  • Click on Submit

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]]> How to View / Delete Expense/Income Voucher https://bharatbills.com/uguide/user-guide/how-to-view-delete-expense-income-voucher/ Tue, 23 Oct 2018 10:03:45 +0000 http://bharatbills.in/?post_type=ht_kb&p=6961 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 -> View Expense 

    View Expense
  •  View section have the print and delete option
  • User can download the document from here directly

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]]> How to check RCM Invoice in BharatBills https://bharatbills.com/uguide/user-guide/how-to-check-rcm-invoice-in-bharatbills/ Tue, 23 Oct 2018 10:20:57 +0000 http://bharatbills.in/?post_type=ht_kb&p=6964 Reliability centered maintenance (RCM) is a corporate-level maintenance strategy that is implemented to optimize the maintenance program of a company or facility. The final result of an RCM program is the implementation of a specific maintenance strategy on each of the assets of the facility.

GST Reverse Charge Mechanism (RCM) basically means that the GST is to be paid and deposited with the Govt by the recipient of Goods/ Services and not by the supplier of Goods/ Services.

Steps to check the RCM Invoice –

  • RCM invoice create when user create any expense document
  • Click on Income/Expense -> RCM Invoice

    RCM Invoice
  •  this section show list of RCM invoice, user can take the printout from here only

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