Scribd Logo
Upload

Welcome to Scribd!

  • 772 views

    Finance & Accounts - INDUCTION

    Uploaded by

    Abhijith S
    The document outlines the key functions and activities of a finance and accounts department including accounts receivable, accounts payable, banking, costing, employee reimbursements, salary processing, and ensuring tax deducted from salaries is adequate to cover tax liability. It provides details on costing requests requiring submission at least 24 hours in advance and reimbursement claims being collected and processed by accounts.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd

    Finance & Accounts - INDUCTION

    Uploaded by

    Abhijith S
    772 views5 pages
    The document outlines the key functions and activities of a finance and accounts department including accounts receivable, accounts payable, banking, costing, employee reimbursements, salary processing, and ensuring tax deducted from salaries is adequate to cover tax liability. It provides details on costing requests requiring submission at least 24 hours in advance and reimbursement claims being collected and processed by accounts.

    Original Title

    Finance & Accounts_INDUCTION

    Copyright

    © © All Rights Reserved

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document outlines the key functions and activities of a finance and accounts department including accounts receivable, accounts payable, banking, costing, employee reimbursements, salary processing, and ensuring tax deducted from salaries is adequate to cover tax liability. It provides details on costing requests requiring submission at least 24 hours in advance and reimbursement claims being collected and processed by accounts.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    772 views5 pages

    Finance & Accounts - INDUCTION

    Uploaded by

    Abhijith S
    The document outlines the key functions and activities of a finance and accounts department including accounts receivable, accounts payable, banking, costing, employee reimbursements, salary processing, and ensuring tax deducted from salaries is adequate to cover tax liability. It provides details on costing requests requiring submission at least 24 hours in advance and reimbursement claims being collected and processed by accounts.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 5

    Finance &

    Accounts
    INDUCTION
    Functions of the Department

     Accounts Receivable
     Accounts Payable
     Banking
     GST & Statutory
     Costing
     MIS
     Employee related activities (Salary, Tax, Reimbursements,
    Others)
     Audits
     Cash
    Activities on Costing and
    Price Updation
     Sales Rate Updation
     Accounts department provides the costing for products.
     For costing, request should be received before 24 Hrs.
     All costing requests should be through New Enquiry.
     After getting the price, need to send for price updation in the
    specified format.
    Employee Related Activities

     Reimbursements
     Processing the reimbursement claims submitted by each
    employee.
     Accounts department will collect and processes the
    reimbursement
     Salary
     On the last day of every month or 1st Working day of next
    month salary will be processed
    Employee Related Activities

     TDS on Salary
     Based on the employees investment plan tax will
    be deducted on a uniform basis.

     Ensure that the tax deducted from salary is


    adequate to cover the liability of the employee
    salary taxation.

     Form 16 will be distributed after March for


    employee tax returns

    You might also like