Dear Friends,
I want to give my opinion in that matter please give your opinion :
At the time of sale I have entered sale entered as usual
Amazon A/c Dr. 105
To Local sale A/c 100
To Dvat A/c 5
And at the time of received commission invoice
Commisson A/c . Dr. 20
to Commission payable to amazon A/c 20
And at the time of received payment
Bank A/c..Dr 80
Commission Payable to Amazon A/c ...Dr 20
To Amazon A/c 100
Dear Friends,
I want to give my opinion in that matter please give your opinion :
At the time of sale I have entered sale entered as usual
Amazon A/c Dr. 105
To Local sale A/c 100
To Dvat A/c 5
And at the time of received commission invoice
Commisson A/c . Dr. 20
to Commission payable to amazon A/c 20
And at the time of received payment
Bank A/c..Dr 80
Commission Payable to Amazon A/c ...Dr 20
To Amazon A/c 100
Dear Ms. Jaya,
what about TDS on Commision if limit crosses 30K. also we have not control over Amazon/snapdeal to deduct TDS.
Respected All,
For e.g. I am registered dealer with DVAT since 25 years deals in ItemNo1 as trader.
Now I would like to sell Item no2. Online through Amazon or else, does I required fresh TIN/VAT registration or I can do this with my old tin.
prompt reply will be highly appreciated.
Thanks
Regards
Deepak Sharma
No fresh registration is required but we need to change/ alter the registration details.
Thanks !
| Originally posted by : jaya krishna | ||
 |
No fresh registration is required but we need to change/ alter the registration details. |  |
| Originally posted by : FRIENDS 4 EVER | ||
|
Service Charge is Applied on all the Fee, on Commision, shipping, Online fee, Ad fee. on all. I have Attached a Sample of a Commision Invoice. Please Check and Let me know. In Details |
|
Hi,
It's very simple. At the end of the month you get invoice from Amazon, Flipkart. Now to enter those into accouning do this>
Create an account called Flipkart Charges & Expenses under 'direct expense'
Now once you receive the monthly invoice (say for example totalling Rs. 20,000), you pass the following journel entry
Flipkart Charges & Expenses Dr. 20,000
Flipkart Sales (sundry debtors) Cr. 20,000
Explaination : That invoice you have received, contains the charges that marketplace has already deducted from your remittances. So that's why you credit it to the sales account. Don't need to create different accounts for Shipping charges, Fixed fee etc as it doesn't serve any purpose.
-----
Having said that, accounting will be a little different if you are running advertisements for which you recharged in the advanced. It will be as follows:
Correct me if I'm wrong.
Hello Friends,
I want to give my opinion in that case
At the time of sale I have entered sale entered as usual
Amazon A/c Dr. 900
To ISS Sale @ 5% 650
To Cst @ 5% 32.50
To commission a/c(22%) 143
To shipping & charges 74
To R/off 0.50
And at the time of received payment
Bank A/c..Dr 650
To Amazon A/c 650
So. everyone confrim me i m right ya not i m enetrd this sale enrty mention in this sheet .pl's revert this case ASAP.
Regards
sona mehta
| Originally posted by : sonamehta | ||
|
Hello Friends, I want to give my opinion in that case At the time of sale I have entered sale entered as usual Amazon A/c Dr. 900 To ISS Sale @ 5% 650 To Cst @ 5% 32.50 To commission a/c(22%) 143 To shipping & charges 74 To R/off 0.50 And at the time of received payment Bank A/c..Dr 650 To Amazon A/c 650 So. everyone confrim me i m right ya not i m enetrd this sale enrty mention in this sheet .pl's revert this case ASAP. Regards sona mehta |
|
This is correct. But for commissions and courier charges, instead of doing them per transaction basis, do it montly basis only. Per transaction basis makes the whole thing very very messy once you start accounting for return, refunds etc. I do per transaction basis because I have written my own software which takes care of everything.
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When as a seller on e-commerce have to issue a tax invoice to customer, what entry I need to pass. I will be receiving money from ecommerce after deducting their commission processing fee etc from the total sale amount.
how can we maintain taly if sales is monre than 400 on daily basis ,plz give reply as sonn as possible
Sir i am an accountant i went to chartered accountant to file gstr 1 then it is said that zomato sales business has to be shown in B2B but as far as i know zomato sales business show in only B2C Kindly Solve My Query
Md Fateh Alam
So I have question right with this solution below
Comission A/C
DR Shipping A/C
DR Online Fee A/C
DR Advirtisment A/C
DR SERVICE TAX INPUT A/C DR
To AMAZON A/C
So how do you offset the AMAZON A/C? This account supposed to be some kind of payable right?
CAclubindia
