Stock Transfer Note Format In Excel: Fill & Download for Free

This incident happened 6–7 years before my retirement.I was in charge of payroll management as first person and in charge of final accounts as second person. Now let me explain the role of myself as second person. I would prepare all the closing entries, make all the rectification entries, reconcile schedules with ledger balances, guiding all the clerical staff for final accounts, extracting and analyzing data from data base in computer etc. and when auditors came, the first person would deal with the auditors and manage them. Whenever auditor asked any questions, he would call me and repeat the question, I would answer and he would repeat the answer to auditors.This went on for two years. In the third year, just before closing of accounts the first person in charge of final accounts was transferred to another place. Every body in the finance department was tense. Now auditors are going to come within few days. Who would answer the questions put by auditors? If the person who is in charge of final accounts is absent it will be the responsibility of the dealing officers to answer.A meeting of all the officers was held by head of finance to discuss the strategies to be followed during auditing.“Madam auditors are coming in few days. Will you be able to answer their questions?”“Sir, all these years I have been answering the questions indirectly. So I think I will be able to do so.”“(With a sarcastic tone) But madam, facing auditors is not like sitting before computer and doing some random things or teaching every body the ‘vlookup’ function in excel. You have to be tactful. You have to have communication skills.”“Sir I may not be tactful but I think I can explain them about whatever is done by me.”“(Shrugging his shoulders) If you are confident then so be it.”Then he allocated the jobs to all the officers. Arranging accommodation for auditors to one officer (let me call him accommodation officer), arranging tours for auditors to another officer (let me call him tour officer), arranging good meals to another officer (let me call him meals officer), dealing tactfully with the auditors to another officer(let me call him tactful officer).On the previous day of the auditing, the main auditor came to our office to introduce himself.Again all the officers and staff were called in the HOD’s cabin. After introducing everybody and explaining about the jobs they are in charge of, there was this conversation-Tactful officer: Sir we are really pleasantly surprised to see a young man like you being the auditor. All these years we have come across auditors who are nearing their retirement age. But youngsters like you will be well versed with latest techniques and you will be computer savvy. Isn't it? Don’t be hesitant to ask any thing you want.Auditor: :)Accommodation officer: Sir there is one good five star hotel 15 kms from here and there is one three star hotel near by it. We will arrange a room in the five star hotel for you and two or three rooms for your assistants in that three star hotel.Auditor: Why five star and three star hotels? I heard that there is one hotel within walking distance. Please book rooms there. We don’t want to waste time in travel.Accommodation officer: But it is a cheap one.Auditor : I don’t mind cheap ones as long as they are clean.Meals officer: Sir even if you stay in that hotel don’t eat the food there. There are many hotels here who cook really good non veg items and sea food. We will arrange your food.Auditor: No, no non veg please.Meals officer: Are you pure vegetarian? Doesn't matter, there are good hotels for veg items. XYZ makes very good malai kofta and veg biryani. Also you should taste our Orissa’s special sweet chana phod. You will love it.Auditor: No rich food for us. Just roti with simple curry and dal will do. We can not afford to spoil our stomachs during out station visits. Please note we don’t smoke or drink so don’t bother about that too.Tour officer: You have come all the way from Delhi. Why don’t you visit Puri one day. I will book a good vehicle for you. I can even arrange for quick darshan.Auditor: We have already made arrangement for that, but that will be after the audit.Every body got exhausted by then and they were like this-On the audit day:The auditor came promptly at 10 a.m. along with 6–7 assistants.They straight away started their work. No chit chat. No small talks.Questions . . . fetching the ledgers . . . answering . . . cash verification . . . stock verification . . .The audit went on from 10 a.m. to 10 p.m. with only half an hour for lunch.Who answered all the questions put by auditors? Me.At the end of the day our HOD and all the officers knew that they are the toughest auditors they have ever faced.At 11 p.m. when I reached home there was this call from our HOD.H.O.D: “Madam I think we have done a good job today. Seems like auditors are satisfied.”Me: “Even I feel the same sir.”H.O.D: “But I am a bit tensed about that big journal no ABCD123 for one crore rupees. I think tomorrow they are certainly going to ask about it.”Me: “They will surely ask. But why to be tensed sir? There is not even 1% ambiguity in that. Every thing is transparent in that journal.”H.O.D: “No, no. I am not tensed about that journal. I am tensed because if we are not able to explain about it clearly, my job will be at a risk.”Me: “Sir I have prepared that journal so I can explain it.”Second day of auditing:As expected, within one hour after they started the work , auditors called me to HOD’s room to explain about that journal.They started shooting questions one after the other, without any time to think. I explained every thing to them fetching ledgers whenever necessary. The questionnaire session continued for 2 hours. I have answered all the questions without leaving even 1% ambiguity.At the end of 2 hours they were satisfied and said “Madam it is really a good work.”On the second day they never called any other officer but me for any explanation.Even on second day the auditing went on from 10 a.m. to 10 p.m.When I reached home, there was a call from my HOD.“Madam you have done a good job today also. Auditors are happy.”“Thank you sir.”“I am now relieved. You have given a very good explanation about that JV.”“Thank you sir.”3rd day of auditing:There was not much auditing. Every thing was finished before lunch time and that is when auditors gave some time to talk with all the officers.After lunch auditors called everyone to the H.O.D’s cabin.They said, “Before we came here we were told that there would be many problems in this institute. But surprisingly every thing is perfect here. There is only one discrepancy we have noticed. We could have qualified it in our audit report, but not doing it.After hearing that all the officers faces were like this.Our HOD: “May I know, what is that discrepancy?”“Pay roll management and final accounts, both are major jobs. They should have been allotted to two officers but only one officer is looking after them here. :)”After hearing this every body’s face became like this:From that year onwards I was in charge of both pay roll and final accounts as first person.Ooph I am tired. My face is like this just now.

Tally.ERP 9 - Feature HighlightsACCOUNTING & FINANCENo matter what's the size of your business or to which industry it belongs, Accounting and Finance are crucial to its functioning. With Tally's accounting prowess, you can accurately plan purchases, manage working capital and improve cash flow for your organization. It allows you to keep a check on expenditures, handle exceptions in business processes and manage your financials in a better fashion.The key features are:Receivables & Payables ManagementCredit ManagementMaintain Multiple CompaniesFund Flow & Cash FlowUnlimited Cost & Profit CentersMulti Currency AccountingInterest CalculationFlexible Classification of Chart of AccountsUnified Groups and LedgersConsolidation of CompaniesBudgets & Controls ViewContact Details at Report LevelACCOUNTING & FINANCEStay up-to-date with your inventory level and at all times and effectively track your stock at a single or multiple locations. With Tally.ERP 9, you can record all inventory transactions easily and comprehensively using goods receipt notes, delivery notes, stock transfer journals, manufacturing journals and physical stock journals.Godown wise reportsMultiple units of measureItem-Wise & Invoice-Wise ProfitabilityMultiple Stock ValuationStock wise summary reportItem Batch-Wise DetailsGrouping & Categorisation of Stock ItemsReorder LevelsINVENTORY MANAGEMENTStay up-to-date with your inventory level and at all times and effectively track your stock at a single or multiple locations. With Tally.ERP 9, you can record all inventory transactions easily and comprehensively using goods receipt notes, delivery notes, stock transfer journals, manufacturing journals and physical stock journals.SALES MANAGEMENTSales is the key source of revenue for most organizations. Streamlining your sales processes will help you take your business to newer heights. 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Tally.ERP 9 also provides you a host of other features that use the internet to help you manage your business requirements.E-Mailing of Documents and ReportsHelp & SupportOnline Access to Knowledge BaseLicense and User ManagementAdd-ons from TallyShopJobs & RecruitmentDATA SECURITYTally.ERP 9 security capabilities enable you to control all access rights to users on what data a user can access, write or modify. These features help ensure high degree of confidentiality of your business data, giving full control in the hands of the owner to ensure that right data is made accessible to the right user. Other security features of Tally.ERP 9 also enable you to encrypt your data, facilitate data backup processes to ensure data integrity and also help keep a trail of data marked for Audit purposes.Manual Backup and RestoreUser-wise Security ControlTallyVaultTallyAuditDATA SECURITYQuick and reliable exchange of data introduces ease of operation for your business processes. 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As with almost any job in any company, interviewers are keen to understand why you want the role you’re interviewing for.HR roles are no different.One of the most frequently cited - and worst - reasons offered by entry level candidates for wanting to pursue roles in HR is a desire to ‘work with people’.While not an unreasonable impulse in and of itself, you’ll appreciate that this is not particularly differentiating, and shows little grasp of what the work involves - and why it matters. There are few roles, if any, within a major investment banking firm that don’t involve working ‘‘with people”. In fact, there aren’t that many career tracks of any description that don’t, at some level, involve working ‘‘with people.”So don’t say that.Think about it this way instead.Investment banks don’t make money from owning vast oil reserves or the exclusive recipe for the world’s best-selling soft drink. There is, in fact, very little that any one of them does that can’t also be done by all the others. Advising clients on mergers and acquisitions? They can all do that. Making markets in stocks and bonds for clients wishing to trade them? They can all do that, too.Firms in this business outperform by doing these things better than anyone else; by doing them differently than everyone else, and, often temporarily, doing things no one else has thought to do yet.Maintaining a competitive advantage therefore boils down to having people who are more creative, more innovative, more productive - and who work together - better than the next firm.Talent, in short, is the competitive edge for leading firms in almost all industries, not just investment banking. And you build that competitive edge by hiring superior talent, retaining superior talent and developing superior talent - better than the next firm.A high impact, strategic HR function is the vanguard of these efforts. Breaking down the three legs of the stool I described above - recruiting, retention and development - indicates what sorts of functions need to exist within a world class HR function in order to deliver on its mission to maximize the firm’s return on its human capital.Accordingly, here are some of the groups that exist within leading HR functions:RecruitingIt doesn’t matter how good you are at retaining and developing people if you can’t get the right people in the door in the first place. This is why Laszlo Bock, former head of HR for Google, noted in his excellent book, ‘Work Rules’:“…hiring is the single most important people activity in any organization.”Running a world class business requires world class talent. And world class talent requires a world class recruiting function.RetentionBringing exceptional people into an organization will ultimately come to naught if you can’t keep them. Actually, it will probably come to less than naught because hiring people is tremendously expensive….Keeping great people has many, many ingredients, but among the most elementary are: paying them competitively, offering industry-leading benefits (such as health insurance, retirement planning etc), and providing opportunities for career growth (for example, through taking on an overseas assignment).Accordingly, groups specializing in the design and delivery of benefits packages, compensation, international transfers and relocation are all typically part of a strategic HR function.Drilling down just a little further into these sorts of functions signals something else important about HR work, something that many candidates looking to enter HR as a career tend to overlook:HR work is more analytical than you think.To be clear, you don’t need to be a mathematician or a data scientist to do the work (although it’s not unhelpful; I happened to do my college degree in physics, and it’s proven quite beneficial along the way). But when you are analyzing compensation trends across an employee base of many thousands, or assessing the cost impact of a tweak to a health insurance plan, you need a basic level of comfort getting your hands dirty with a little data. Nothing too clever - just a spreadsheet with a few hundred or a few thousands rows and manipulating it in relatively basic ways. Even if you’ve never done that sort of thing before, it’s not about ability. If you have good enough test scores in math(s) to be admitted to a respectable college or university, you have what you need. You just need to be prepared to do it.Not to dwell on this topic, by the way, but when I was a summer intern at Goldman back in the mists of time, I initially found it hard to get my daily reports issued on time. Why? Because I didn’t know how to insert a row into a spreadsheet. Suffice to say, once I figured out how to do that, things improved and I became more than proficient enough to be dangerous in Excel, Access and the like.But I digress.We should address the third leg of the stool:Professional DevelopmentBy now, you’ve hopefully begun to get the idea that these three pieces are closely interrelated. If you’re known for paying excellent people particularly competitively, that helps to recruit them. If employees feel like they’re growing, learning and developing it’s more likely that you’ll retain them. And so on.Entire books could be written (and have been) about each of these topics. For our purposes, however, we’re just going to stick to some of the headlines.Learning and Professional Development teams play an important role in helping a firm’s people maximize their skills, capabilities and impact through formal and informal training.Programs can fall into a variety of categories:Technical skills trainingManagement skillsLeadership developmentProject managementPresentation skillsFrankly this is a list that could go on and on, covering almost every aspect of an employee or manager’s professional make-up and knowledge base.In summaryThe above just scratches the surface of what goes on in a leading talent-centric organization.Remember - if you’re an organization whose most valuable assets ride the elevators down to the lobby and leave the building each day, all of this matters a whole lot.Hope the interview goes well!