How to track the Outstanding Collection?

What is Outstanding Collection? The Outstanding Collection Tracking will help you quickly see the customers that owe you money and track your collection efforts. Unpaid invoices are considered outstanding. … It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced…

Adding the Charge SAC Code in Fresa Gold

What is SAC Code? The SAC Code means Services Accounting Code under which services fall under GST are classified. HSN code and SAC code are the codes used to classify goods and services under the GST regime in India.   Services Accounting Code (SAC) is a classification system for services that are developed by the Service Tax Department of India. With the help of GST…

How to create the Capital Account?

What is the capital account? Definition of Capital Account In accounting and bookkeeping, a capital account is a general ledger account that is part of the balance sheet classification: Owner’s equity (in a sole proprietorship) Stockholders’ equity (in a corporation) A corporation will likely have the following capital accounts: Paid-in capital accounts such as Common Stock, Preferred…