Hi, i am owning a business OF INTERNET SERVICE PROVIDER and i would like to know how to setup accounting in tally as far as SALES in concerned. in our field sales is not physical goods but its services in terms of selling INTERNET SPEED to customer. How to record this, please let me know with 1 example. i will really appreciate for assistance
Since your business is service oriented concern, simply you can prepare Receipt & payments a/c, Income & Expenditure a/c, Balance sheet.
Write all receipts whatsoever in receipts side & payents whatsoever to other side.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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