Topics containing #balancesheet

We are entering opening balances using the form shown by Mr. Abhishek. System has created sub-ledger with name balancing account automatically. We have no such ledger in our old system. Why has Tuhund created this ledger? Is it required and will this not show as mismatch compared to our old accounting system?

I know I have been told this several times, but could you once again explain the difference between cost price and unit value in inventory. Where does cost price show and where does value show other than the reports in inventory where both show side by side. Why do we need two values at all when in our system 90% of the items both values are same?

Where will indent sales show in our balance sheet?

How will it appear in GST reports?

Do we have to show Indent Sales in GST?

As of now our Balance Sheet is properly configured for compliance and approved by our CA. But management has a different requirement from Balance Sheet. They want to be able to use it as a control tool in real time as all the financial data is already there. How can we configure balance sheet to meet the compliance requirement as well as be useful to the management as a tool. For filing, balance sheet as well as PNL is organized under different legal entities and we have proper drill down to get balance sheet of entire organization, a particular legal business entity (company) or a branch. For management this division is not important. They need to see the classification across entities but under different dimensions.

Can we do it ourselves without help from Tuhund support so that we can do it on continual basis as and when required?