Re: Requirement of TIs to keep manual books of accounts

[Guest guest]

Dear Forum,

/message/11681

The best practice would be to take print-outs of Ledger, Cashbook, Bankbook,

Voucher Entries and other books of Accounts (like Purchase book, BRS) whose

entries are permitted in Tally and other Accounting software alike, at the end

of each financial month and file it properly.

 

The idea is that in the event of computer crash and other data-losses, the

hardcopies would be handy for local as well as external personnel's purview.

 

It is to be understood that during audits the hardcopies would serve the purpose

both for the TIs and for the concerned auditors.

Hardcopies, duly signed every month by the concerned accounting staff, and filed

neatly, place a TI beyond anybody's guess in terms of manipulations, if any.

 

Nevertheless, the guidelines of respective SACS have to be followed in

tantem for full-proof transparency in financial matters which is the backbone of

any TI.

Thanks

Jeyaraj

TSU-TN

e-mail: <tcpcsin@...>

[Guest guest]

Dear members

 

/message/11681

see the matter with positive attitude, many times it has been observed that we

loss data of Tally due to technical software and hardware problem. In this

situation, hard copy / print copy is best solution to get back up.

 

Specially during staff turn over or in the situation when operating person

(accountant) deliberately or by mistake forget password, hard copy is best

instrument to get data back.

 

 

With regards.

Dinesh Prajapati

Consultant (TI &  Health)

Surat, Gujarat

M - 09879469373

E mail : dinesh_bsw@...