The TDS tax has been applied at the line item level. You can also applyTDS cessandTDS surchargeto the TDS amount deducted from the transaction. Apply TDS to Vendor Advance Zoho Books allows you to apply TDS to the advance you pay your vendor, so you can deduct the required TDS amount ...
Net Income is the difference between revenue and the cost or expenses incurred by a business in a particular accounting period. It is also known as the profit of a business. Income leads to an increase in the value of assets in a business....
In this system, operating revenues, operating expenses, and gains are separated from non-operating expenses, non-operating revenues, and losses. Profitability is represented at four levels: gross, operating, pre-tax, and post-tax. The following example uses the same company data as the single-...
Losses include expenses involved in selling assets for less than what you paid for them, as well as unusual costs and lawsuits. Looking for something beyond generating financial statements? Zoho Books is online accounting software that manages your finances, automates business workflows, and helps yo...