Should OPC director give invoice and receipt to OPC for salary ? If not, how will OPC as well as director account for that? Thanks :)
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Should OPC director give invoice and receipt to OPC ?
Replies (6)
For salary payment invoice is not required
| Originally posted by : Sourav | ||
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For salary payment invoice is not required |  |
Thanks sourav sir. So what documentation will director have for salary payments ?
No invoice required.
Just pass entry through journal and payment voucher. Deduct tds
Just pass entry through journal and payment voucher. Deduct tds
Further, pay slip can be generated by the company for records
Salary pay slip should be generated
Opc is not required to issue invoice for salary, but you can generate pay slips and deduct the required amount of TDS, if applicable
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