what one accontantshold do to trace prepaid(online payment) transactions in case of company like flipcart. how can we trace with sale invoices. neither we can trace from bank statement properly as trasactions are large. what measures a accontantshold do and and what necessayr helps he shold take from other departments like marketing.
what measures to be taken
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Accountant Struggles with Tracing Large Prepaid Transactions; Calls for Uniform Law and Interdepartmental Support An accountant dealing with large prepaid online transactions for a company like Flipkart faces challenges in tracing these through sales invoices and bank statements due to the volume. It is suggested that a uniform law and procedure should be established by the government to address this issue. Additionally, the accountant should seek necessary assistance from other departments, such as marketing, to effectively manage and trace these transactions. (AI Summary)
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TaxTMI