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Accounting Treatment of Export LC is given form Buyers. Its very important to how will you enter the entry in our software/general ledger/manually. If you are responsible to maintain the RMG accounts. So obviously have to maintain to proper Accounting treatment the Export LC is given form buyer. Example: Date- 01/01/2016 …

Sub Contract work from Garments to Garments is the common process when capacity going idle. The sub contract is not allowed to in 100% RMG export oriented garments factory commonly. But internally involving buyer and BGME both are concerning to execute the sub contract process by inter bond. Sub contract …

Daily Basis Inventory Tracker in RMG Sectors is most important tools to increase companies profitability. Daily basis inventory tracker is new concept in RMG sectors. Now a days inventory maintain is not commonly used in garments. Inventory can be anything a business acquires with the intention of selling to customers. …

Factory cost reduce by order wise process review is common tools and technique for RMG sectors. If any factory didn’t maintained his cost or recovered CPM (Cost Per Minute) by followup top authority or several policy, than factory cost reduce by order wise individual process review and followup. The below …

Advance Payment to Supplier With VAT & Tax Accounting Journal Entries is the best way to maintain the creditors account. The entry now is to debit the Advance to supplier account which is under current assets & credit the account by the name of supplier, close the Advances to supplier …