KDS Description Module

Company code Global settings FI

GL Account Groups&Number Ranges FI
Tax codes (VAT, Service Tax, Excise) FI
Vendor Account Groups & Number Ranges FI
Customer Account Groups & Number ranges FI
Bank Details FI
Asset Classes ( Number Ranges) FI
depreciation Area's
Depreciation Percentages FI
Spl. GL Indicators Vendors FI
Spl. GL Indicators Customers FI
Business Transactions in Cash Journals FI
TDS Details FI
Customer Payment Terms FI
Vendor Payment Terms FI
 Ethiopia Egypt
Description
Company code 1001 Velocity apprelz companies PLC 1000
Fiscal Year Variant K3
Posting Period Variant 1001 1000
Chart fo account CANA
Field status variant 1001 Velocity Apparelz
JAN-DEC
GL Account Groups:
Column Description
S.No Serial Number
GL Account 4 Character code representing the group of GL Accounts with
Group
Description Description of the Group
From Starting number of the Group
To Ending number of the group

Account Groups for Operating COA (Indian GAAP)

Category Account Group Min of Account code Max of Account code
Assets 101 - Investments 1010000000 1019999990
102 - Loans 1020000000 1029999990
103 - Intangible Assets 1030000000 1039999990
104 - Fixed Assets 1040000000 1049999990
105 - Cash and Bank Bala 1050000000 1059999990
106 - Advances and Other 1060000000 1069999990
107 - Miscellaneous Expen 1070000000 1079999990
Liabilities 201 - Share Capital 2010000000 2019999990
202 - Reserves and Surplu 2020000000 2029999990
203 - Fair Value Change 2030000000 2039999990
204 - Borrowings 2040000000 2049999990
205 - Current Liabilities 2050000000 2059999990
206 - Provisions 2060000000 2069999990
207 - TDS Payable 2070000000 2079999990
Income 301 - Premium 3010000000 3019999990
302 - Investment Income 3020000000 3029999990
303 - Operating Income 3030000000 3039999990
304 - Other Income 3040000000 3049999990
Expenses 401 - Claims 4010000000 4019999990
402 - Commission 4020000000 4029999990
403 - Operating Expenses 4030000000 4039999990
404 - Other Expenses 4040000000 4049999990
405 - Depreciation 4050000000 4059999990
Appropriations 501 - Appropriations 5010000000 5019999990
Vendor Account Groups:

S.No Account Group Description From

1 Z001 Velocity Domestic Vendor 1000000
2 Z002 Velocity Service Vendor 2000000
3 Z003 Velocity One-Time Vendor 3000000
4 Z004 Velocity Employee as Vendor A
Ashwani: what about Velocity sister concern as vendor
Column logic: FI vendor & capex vendor

Column Description
S.No Serial Number
Account Group 4 Character Code Representing the group
Description Name of the Vendor Group
From Start Number of the Vendor in the group
To End number of the Vendor in the group
To
1999999
2999999
3999999
ZZZZZZZZ
Vendor Spl GL Indicator:

S.No Spl.GL Indicatior Description Ashwani:

1 A Down Payments, Current Assets

Example:
1A Down Payments, Current Assets

Column logic

Column Description
S.No Serial Number
Spl GL Indicatior Indicator Representing Customer related main ledger
Description Description Of the Indiator
Need to use same indicators which have been used for VA-Egypt.
Vendor Payment Terms:

S.No Payment Term Description

1 P001 Pay immediately w/o deduction

2 P002 14 days 2%, 30 net
3 P003 14 days 3%, 20/2%, 30 net
5 L210 210 days credit - LC

Example:

1 P001 Pay immediately w/o deduction

2 P002 14 days 2%, 30 net
3 P003 14 days 3%, 20/2%, 30 net
L210 210 days credit - LC
Column logic:

Column Description
S.No Serial Number
Payment Term 4 Character code representing the payment term
Description Description of the payment term
Payment Method Payment Method Description
C Cheque Ashwani: chque, funds transfer/TT, LC, CAD
I Fund Transfer
TT, LC, CAD
Customer Account Groups

S.No Account Group Description From To

1 Z001 Domestic Customer 100000 199999
2 Z002 One time Customer 200000 299999
Example: Ashwani: FI customer, sister concern as customer

1 Z001 Domestic Customer 100000 199999

2 Z002 One time Customer 200000 299999

Column logic:

Column Description
S.No Serial Number
Account Group 4 Character Code Representing the group
Description Name of the customer Group
From Start Number of the Customer in the group
To End number of the customer in the group
Customer Spl GL Indicator

S.No Spl.GL Indicatior Description

1 A Security Deposit

Example:

1A Security Deposit

Column logic

Column Description
S.No Serial Number
Spl GL Indicatior Indicator Representing Customer related main ledger
Description Description Of the Indiator
Ashwani: Need to use same indicators which have been used for VA-Egypt.
Customer Payment Terms

S.No Payment Term

1 0001
2 0002
Description

Immediate Due
90% against dispatch 10%
Tax Codes:

Tax Code Input/OutPut Type of Tax Percentage

V1 INPUT VAT 4
V2 INPUT VAT 12.5

Z1 OUTPUT VAT 4

Example:

V1 Input VAT 8%
S1 OutPut Tax Service Tax 10.30%

Column logic

Column Description
Tax Code 2 Character Code Representing the tax % and Type
Input/OutPut Whether it is input tax or out put tax
Type of Tax Serv Tax/Vat/CST/Excise
Percentage Percentage of Tax
Description Description of the tax code
Deductable Deductable= Credit will be taken
 Deductable /Non
Description Deductable(Incase of Input
Tax) Ashwani: given separate schedule for taxes to accommod

VAT 4% DEDUCTABLE
VAT - 12.5% DEDUCTABLE

VAT 4% DEDUCTABLE

Vat 8% Deductable
Serv Tax 10.3%
dule for taxes to accommodate in rollout
Business Transactions

S.No Business Transaction For Cash Receipt

1 Receipts from Customer
2 Cash Withdrawl from bank
3 Receipts from Employee
4 Receipts from Vendor
5 Misc. Receipts.
Receipt from sister concern & owners account/long term creditor

S.No Business Transaction For Cash Payment

1 Expenses - All type of G.L Expenses

2 Vendor Payemnts
3 Cash Deposit into Bank
4 Cash Payment to Customer
cash payment to owners account
cash payment to sister concern a/c or on behalf of sister concern
capex payment or AUC payments

Example:

1 Cash Receipt from Customer

2 Rent Receipt
1 Vendor payment
2 Miscclleneous Expenses
3 Staff Advance

Column Logic:

Column Description
S.No Serial Number
Business Transaction for Cash Receipt Nature of Transaction

Business Transaction For Cash Payment Nature of Transaction

count/long term creditors ?

n behalf of sister concern

Bank Details

S.No Bank Name

Example:

1 Development Bank of Ethiopia-ETB(Birr)

2 Development Bank of Ethiopia-FCY(USD)
3 Development Bank of Ethiopia-ETB(Loan)
4 Commercial bank of Ethiopia-ETB (Birr)

Column logic

Column Description
S.No Serial Number
Bank Name Name of the bank
Address Address of the bank
Branch Name of the Branch
City City of the bank
Account No Bank Account Number
Current Ac/ CC Account Current Account or Cash Credit account
Address

P O Box-1900, Addis Ababa, Ethiopia

P O Box-1900, Addis Ababa, Ethiopia
P O Box-1900, Addis Ababa, Ethiopia
Main Branch, Mekelle, Ethiopia
Branch City Account Number

Main Branch Addis Ababa 100627507

Main Branch Addis Ababa 17573000010001
Main Branch Addis Ababa 100629957
Main Branch Mekelle 1000090871138
Currrent Account/ CC Account

ETB-Current Account
FCY-Current Account
ETB-Loan Account
ETB-Current Account
Asset Class & Number Range

S.No Asset Class Asset Class Description From To

1 11000 Land 100000 199999
2 11100 Building Factory 200000 299999
3 12000 Machinery 300000 399999
Example: Need to discuss

1 Land 1000 1999

2 Building 2000 2999
3 Plant & Machiner 3000 3999

Column logic:

Column Description
S.No Serial Number
Asset Class Classification of asset class based on the nature of assets and depreciation percentages.
From Starting number of asset
To Ending number of asset
 Difference GL For Fixed Asset GL Accumulated DepreciaGL Depreciation A/c
99999 11000
99999 11100 12100 3000020
99999 12000 13000 3000030
eed to discuss 5% for building straight line, 25% for computesrs,10% for intangible asset,20% for other classes pooli

iation percentages.
t,20% for other classes pooling method
Depreciation Keys

S.No Depreciation Key Depreciation Rate (%) Method (SLM/WDV)

1 VA10 5 SLM
2 VA15 10 SLM
3 VA20 15 WDV
4 VA25 20 WDV
5 VA30 13.91 WDV

Example:

1 VA10 5 SLM
2 VA15 10 SLM

Column logic

Column Description
S.No Serial Number
Deprecaiation 4 character key representing the depreciation percentage and method
Key
Deprecaiation Percentage for Depreciation
Rate
Method Calculation method of depreciation
Depreciation Keys (Tax Depreciation)

S.No DepreciatDepreciation Rate (%) Method (SLM/WDV)

1 D001 5 WDV

?
Depreciation Area Description
01 Book depreciation
15 Depreciation as per Income Tax
Act 1961 ?