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HOW TO MANAGE DEBT IN A COMPANY?

Managing debt in a company refers to the process of ensuring that a business borrows money in a responsible and sustainable manner, while also meeting its financial obligations. Here is the process: Evaluate borrowing needs: Evaluate the need for borrowing and the amount of debt that can be sustainably managed by the business. This helps […]

HOW TO DO BOOKKEEPING IN PAKISTAN? (ACCOUNTANT)

Bookkeeping is the process of recording and maintaining a systematic and organized record of financial transactions of a business. Here’s how a teacher would explain the process: Record transactions: Keep a record of all financial transactions of the business, including sales, purchases, payments, and receipts. This can be done manually in a ledger book or […]

HOW TO MANAGE PAYABLES?

Managing payables refers to the process of ensuring that a business pays its bills in a timely and efficient manner, while also maintaining accurate and up-to-date records of what it owes. Following are the processes involved: Record purchase transactions: Record all purchases made on credit in a purchase ledger or accounting software. This includes the […]

HOW TO PREPARE ACCOUNTS IN PAKISTAN?(ACCOUNTANT)

Preparation of accounts is an important task for any business in Pakistan. Here’s how a teacher would explain the process: Record transactions: Keep a record of all financial transactions of the business, including sales, purchases, payments, and receipts. This can be done manually in a ledger book or using accounting software. Classify transactions: Classify the […]

HOW TO REGISTER A COPYRIGHT IN PAKISTAN?

Copyright is form of legal protection for creative works, such as books, music, films, software and other original works of authorships. It gives the creators of these works the exclusive right to control their use and distribution, including the right to make copies, sell the work, perform the work in public, or display the work […]

HOW TO REGISTER A BRAND IN PAKISTAN?

To register a brand in Pakistan, you will need to follow the following steps: Conduct a trademark search: Before applying for trademark registration, it is important to conduct a search to ensure that the brand name or logo is not already in use by another entity. This can be done through the Intellectual Property Organization […]

HOW TO REGISTER PATENT IN PAKISTAN?

To register a patent in Pakistan, you will need to follow the following steps: Conduct a patent search: Before applying for a patent, it is important to conduct a patent search to ensure that the invention is novel and non-obvious and that it is not already patented by someone else. This can be done through […]

HOW TO FILE INCOME TAX IN PAKISTAN?

In Pakistan, individuals and businesses are required to pay income tax if their taxable income exceeds the minimum taxable limit. Here are some of the groups that are eligible for income tax: Salaried individuals: Employees who receive a salary from an employer are required to pay income tax on their earnings. Businesses: Sole proprietorships, partnerships, […]

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