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15.07.2016
Here are 4 simple steps to register for the Employee Provident Fund e-passbook online and after that you can do the EPF Balance enquiry anytime you want. Now with this method you can keep checking your EPF account balance from time to time , you can check it each month after your salary is deducted and some days pass, or you can also check your PF balance on a quarterly or yearly basis, whatever works for you.
Here are some of the very important things you should know about the Employee Provident Fund e-passbook facility.
You will be able to view only one EPF account details per establishment, means if you have two EPF accounts under Maharashtra (suppose you had a job in Mumbai and Pune) , then you will not be able to view both of them, In that case you will need to first transfer one EPF to another. If someone’s EPF account is inoperative (it happens if you leave the job and for 3 yrs there is no activity in your EPF account, even the interest will not be credited to that account), or the account is settled (you withdrew the amount already) , then your details will not be available.
If you have left your job before Mar 2012, then your EPF account may not be seeing any credit in past few months, in that case he will not be able to see the Employee provident fund details immediately, but it can be requested on the website (you will see a link) and that will be uploaded in few days. This facility is available only to those whose employers have uploaded the Electronic Challan cum return for May 2012 onwards, Electronic Challan is a way of submitting the employee’s contribution to EPFO online, which is recently introduced by EPF organisation . There is no user id and password, all you need is your mobile number, document name and document number, which we all remember anyways. Those employees who have their EPF with private PF trusts (or called as establishments exempted under the EPF Scheme) will not enjoy the benefit of this e-passbook facility, hence they will not be able to check their employee provident fund balance online using this. You can add several documents like Driving license, passport, ration card etc in the same account, this way you dont need to remember just one document id and its number, you can login using any of those which you are carrying at that time. Month and date wise transactions made in member’s account will be displayed in the pass book from the year for which the annual accounts were updated for the establishment for the first time since computerisation of the concerned field office.
While downloading your EPF passbook, you might see an error saying “YOU HAVE ENTERED INVALID MEMBERS ID OR NAME”. Ideally you should get the PIN on your mobile as soon as you click on “Get PIN” , but if you dont get it fast, it means the lines are busy and you should wait for more time and re-try ! Tip : Use Chrome instead of other browsers, Some components are running smoothly on Chrome, but not on other browsers .
I have left the service after 8 years of service in Private Company, on superannuation at the age of 60 on Sept 2014. Do you want our ebook on 12 best articles by Jagoinvestor ?GET IT NOW!YESNOThis is your good choice! Next, go to the Customers Menu or go to the Customer Center located on your main home screen.
Enter your customer’s name, choose the date you want to write off the invoice, and leave the credit memo number alone (QuickBooks will automatically assign that number for you). If you need to create a new Item, click Add New, select Other Charge, the Item Name can be Bad Debt, in the description box you can type in Bad Debt or Noncollectable Funds, and then for the account select your bad debt expense general ledger account.
The amount will be the amount of the invoice you are unable to collect and want to write off your books.
Sales Tax – If your business tracks Sales Taxes Payable, this is where you will adjust your sales taxes payable account. Find the invoice number you are writing off, check off that invoice number, and click done. If you look at your Balance Sheet, your Accounts Receivable will be reduced by the amount of the invoice you just wrote off. Michelle Edwards, CPA is the owner of Trailhead Accounting Solutions CPA, LLC, an Erie, CO based CPA firm focused on providing small and mid-sized businesses with day-to-day accounting, bookkeeping, and Virtual CFO solutions.
Let’s say you operate a business and one of your customers just bought one of your products or services. Save & Close will save your invoice to be sent at a later date and closes the invoice window. Save & New will save your current invoice to be sent at a later date and then open a new create invoice window for you to create another invoice. The memo field will not show up on your invoice and is a place for you to keep internal notes.


To be a competitive employer, business owners also have to look at offering their employees paid time off benefits.
Another consideration is whether or not you offer employees retirement savings plans or pensions, such as Simple IRA or 401(k). Miscellaneous – uniforms, tools, protective gear, cell phone, computer servers, health club memberships, etc.
With all this in mind, an employee hired at an annual salary of $35,000, will cost the employer at least $45,500, if not more in the additional costs discussed above. The other day I received a great question from a customer wondering how she can use QuickBooks to see which customers have outstanding invoices. Using QuickBooks 2013, there is a sidebar on the left side of your screen with useful tools. This report offers are quick snapshot to a list of customers who have outstanding invoices.
This report will show you all of the open invoices, sorted alphabetically by customer name.
The Customer Balance Detail report in QuickBooks will show you all the invoices & payments for each customer, sorted by customer. If you’re coming from Corporate America, you’re used to being paid for sitting at a desk from 9-5. You have your marketing strategy down, are closing more deals, and spending your time wisely doing revenue generating tasks. Unless you measure and track the results, there is no way to tell if what you are doing is actually working. F3 – Opens the Search feature (can be used in place of the Find feature mentioned above.
CTRL + U – Selects an item from the the drop down list your just opened using CTRL + L and adds this list item to your transaction. ALT – Starts QuickBooks without opening the windows you previously left open last time you shut down QuickBooks. What about charging a retainer payment – your customer pays half up front and the other half when you deliver the product or service. Contact your bank and get set up to accept automatic draft payments or credit card payments.
Standard bank reconciliation feature, which is a great double check that you recorded all of your deposits and expenses. SageOne offers the ability to set up email notifications to be reminded of past due invoices, upcoming project due dates, and when you receive project messages from your team members. Along the same lines as above, you can not record one customer payment against various income accounts. Small business owners can not enter bills and keep track of money owed to vendors, utilities, rent, etc. Not only is Xero pretty but it also offers a dashboard you can customize with charts, graphs, and reports.
The payroll system is limited, but you can still keep track of your employees wages, taxes due, and taxes paid through the pay run feature. I give Xero props for having a pay run section, allowing small business owners to keep payroll info in one place. An income statement usually covers a year; however this statement may be drawn up for shorter periods, such as one month, three months (quarters) or six months. Note that when we are creating an income statement, we only take the incomes and expenses from the trial balance, we ignore everything else (assets, liabilities and owners equity). Budgeted income statements can also be drawn up, showing targeted figures for sales, expenses and profits. In the budgeted income statement above, we can see that the actual profit for the period is about $8,500 less than what was planned for.


Sale of Scrap Raw Material In an income statement where do you post a sale of scrap raw material? Relation of Profit to Opening & Closing Inventory  Q: Why is the gross and net profit directly proportional to the closing inventory?
Goodwill and its Revaluation What do I do with goodwill and the revaluation of goodwill? My director of finance asked me to create a spreadsheet showing how the business is doing on a weekly base. Manufacturing Business - Trial Balance  Q1: What do you include in a manufacturing business' trial balance?
Insurance payments let you apply the payment to multiple patients and to multiple services for a given patient. This payment screen shows, for the selected patient, the services to which the payment has been applied.
When you apply some or all of a payment to a service, you get this deceptively simple screen. The patient face sheet report is printed directly from the patient list for the selected patient.
Ledger, is less detailed than the account ledger and more readily understood by many patients. Now you can check your Employee provident fund balance online using the new e-passbook service by EPFO website. This PIN is required to for authorization every time you want to download the e-passbook and check your Employee Provident Fund Balance . You need to now enter this PIN below and you can download the PDF which has your current Employee Provident Fund Balance and other details. However you can change this mobile number later if you want , so incase your mobile number changes, no worries.
For example if the first annual accounts of member’s establishment were updated for the year 2008-09 by the concerned field office after its computerisation, the pass book will display the opening balance for year 2008-09 and all transactions thereafter. Will I get some interest on EPS ( Rs 541 for 72 months till I reached 58 years i.e 6 years contribution ) since I have worked only for 8 years in which EPS contribution was made only for 6 years till I reached 58 years in 30-09-2012. As business grows, you might add a new department, change your product line, try a new advertising campaign, etc.
If you would like to see the income statement format for a trading business (a business that buys and sells goods) then check out the lesson on Sales, Cost of Goods Sold and Gross Profit. This was due to the income being $5,400 less ($100,000 a€“ $94,600), and the expenses (such as water and electricity) being greater than expected.These budgeted figures would normally be drawn up based on actual figures from past years, but taking into account any expected future changes. Now check out the next report in the financial statements - the statement of owner's equity.
This Curry 2.5 features an array of colors all over the upper including purple, blue, teal, and pops of orange on the midsole speckling and branding. At this point of time you will need to LOGIN again which will take you to the main page where you can do your EPF balance enquiry and download the e-passbook. Once you are able to do your PF balance enquiry using this way and check your EPF passbook online or not ?, kindly let us know on comments section. Accounting periods can, for example, run from March 1st to February 28th, or July 1st to June 31st, etc. The budgeted figures (and the way these figures were obtained) could be explained or justified in additional notes to the income statement. A translucent blue outsole wraps up the look on this pair of Curry 2.5s that can be purchased right now at select retailers for $115.



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