Event management

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Anuradha (Querist)

06 August 2012 Is there any specific format for maintaining ledgers for Event Management profession. In what heads should we consider tattoo artists, balloons etc.,?

Amol S Joglekar

Amol S Joglekar (Expert)

06 August 2012 No format as such. A similar format can be had from form 6BC... income tax. This may be used.

Anuradha

Anuradha (Querist)

08 August 2012 Thank you sir. Also let me know to which head , the expenses like tattoo artists, balloons, astrology experts' charges, mehendi etc., to be posted to.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

21 July 2024 Event management involves categorizing expenses and incomes in a structured manner. Ledger heads include income, venue costs, decoration, entertainment, catering, transportation, marketing, professional fees, and miscellaneous expenses. Specific entries for services like tattoo artists, balloons, astrology experts' charges, and mehendi artists are also included. The general ledger format should be tailored to the business's needs. Consistency in recording and categorizing expenses is crucial for accurate financial reporting.

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