Branch accounts
This query is : Open
11 January 2017
Dear Experts,
our association has newly opened new branch in mumbai. and they are paying expenses from head office bank account future expense will be done by head office bank account only. . my query is that how I do the accounting for branch since we do not have separate bank accounts for branch.
shall i do by activating cost center and cost category in tally.
our association has newly opened new branch in mumbai. and they are paying expenses from head office bank account future expense will be done by head office bank account only. . my query is that how I do the accounting for branch since we do not have separate bank accounts for branch.
shall i do by activating cost center and cost category in tally.
11 January 2017
Instead of crediting Bank Account for payment made, you credit your HO account.
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