Income Expenses Ledger GST

Ledgers For Expenses, Incomes, Non-Revenue Accounts, Invoice Rounding Under GST

Supply of goods or rendering of services may involve additional expenses, which can either be part of stock items or service value, or can be charged separately. When such an expense is recovered from customers, it is treated as an income. You can create a ledger to round-off the invoice value. You can enable the applicability of GST for non-revenue accounts as well.

In This Section:

• Ledger to Round-off the Invoice Value
• Include Expenses in Assessable Value
• GST Applicability for Ledgers of Non-Revenue Accounts
• Ledger to Book Expenses with GST