In this course we will understand the entire accounts payable function from all the dimensions ie controlling compliance accounting and reporting.
So this course is divided in 4 models-
First we will understand the entire framework of procure to and various checks and balances which is generally known as internal control systems.
Next we will understand the important legal compliances applicable to procure to pay function-
First under GST provisions regarding input tax credit
And second under income Tax act provisions regarding tax deduction at source
So we will discuss these provisions in detail during our course.
In Next module, we will have a detail and hands on practical training on accounting aspects. We will use tally ERP to record various transactions to understand the entire accounting process.
And last but not the least MIS reporting.
We will understand various MIS reports which are frequently used by the management and how they are to be generated
And in the end we will learn to generate MIS dashboard. Which is a snapshot of important MIS reports.
So friends latest begin our journey of becoming master in procure to pay.