INTERNSHIP REPORT ON PTCL[1]

2012

SUBMITTED BY:

SANA AHMED,

ASSOCIATION OF CHARTERED

CERTIFIED ACCOUNTANT,

TABANIS SCHOOL OF

ACCOUNTANCY, KARACHI,

PAKISTAN.

17-JULY-2012 TO 30-AUG-2012

EMAIL: [email protected]

INTERNSHIP REPORT

INTERNSHIP REPORT 2012

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Preface………………………………………………..pg. no.4

Acknowledge…………………………………………pg. no.5

Abstract………………………………………………pg. no.6

Introduction…………………………………………..pg. no.7

History………………………………………….pg no.9

Company profile………………………………..pg. no.10

Subsidiaries……………………………………..pg. no.13

Board of directors……………………………....pg. no.14

Introduction of finance department…………………..pg. no.15

Financial hierarchy in an organization…………..pg. no.16

Purchase cycle (figure)…………………………..pg. no.17

Brief on my internship work…………………………..pg. no.18

Bills processing stages…………………………...pg. no.19

Bills receiving (figure 1)………………...pg. no.20

Scrutiny of bills (figure 2)………………pg. no.21

Parking in sap (figure 3)………….......... pg. no.22

Posting of vouchers (figure 4)………….pg no.23

Payment process in sap (figure 5)……....pg. no.24

Printing of Cheaques (figure 6)………....pg. no.25

Signing of Cheaques (figure 7)………….pg no.26

Dispatch of Cheaques (figure 8)………...pg. no.27

TABLE OF CONTENTS


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Bank reconciliation statement

Disbursement account……………………………pg. no.28

Collection account………………………………...pg. no.28

Taxation

Income tax………………………………………...pg. no.29

Sales tax…………………………………………....pg. no.29

Salary income tax (figure 9)………………………...pg. no.30

Vendor income tax (figure 10)……………………..pg. no.31

Other assignments……………………………………….pg no.32

Conclusion……………………………………………….pg no.34


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Report Date: 30th August, 2012

This report documents the work done during the summer internship at

Pakistan Telecommunication Limited, Karachi, Pakistan under the

supervision of Abdul Rauf Odho (D.D.O and S.M Finance “2” Karachi).

The report first shall give an overview of the tasks completed during the

period of internship with technical details. Then the results obtained shall

be discussed and analyzed.

Report shall also elaborate on the future works which can be persuaded as

an advancement of the current work.

I have tried my best to keep report simple yet technically correct. I hope I

succeed in my attempt.

SANA AHMED

PREFACE


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For the completion of my report I am indebted to plenty of people for

their very sincere cooperation that they extended to me at various stages. I

could not have done this work without the lots of help I received

cheerfully from whole PTCL, while it is very difficult to learn and rotate in

different sections of Finance department in this organization where work

burden is quiet higher as compared with other organization. The work

culture in PTCL really motivates. Everybody is such a friendly and cheerful

companion here that work stress is never comes in way.

I would specially like to thank MR. Abdul Rauf Odho & Mr. Ajeet Kumar

and the whole team for proving the nice ideas to work upon. Not only did

they advise about my project but as well as for other future experiences.

SANA AHMED

ACKNOWLEDGEMENTS


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The report presents the five tasks completed during this internship at

Pakistan Telecommunication Limited which is listed below:

1. Scrutiny

2. Parking;

3. Posting ;

4. Payments;

5. Dispatch of Cheaques.

All these tasks have been completed successfully and results were

according to expectations. Scrutiny includes the bills receiving through a

proper processing stages used in this task. Including these tasks I have a

keen look to Bank Reconciliation Statements and calculation of GST and

Income Tax and Budgeting area as well, by performing all these tasks using

SAP software, which is very demanding and valuable software nowadays.

As PTCL is performing all these functions in a proper manner according

to their segmentations in their respective departments and these functions

make it possible for PTCL to have a bright colored future as it's shown by

its text/image as per logo.

Beside all these tasks there is a summary of introduction and the

organizational overview.

ABSTRACT


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This report is on my internship at Pakistan Telecommunication Limited

covering the period of 6 weeks from July to August 30, 2012.

Pakistan Telecommunication Company Limited (PTCL) is a mega

corporation and a leading telecommunication authority in the State of

Pakistan. The corporation provides and enforces policies for the telephonic

services nation-wide and is the backbone for country's telecommunication

infrastructure despite arrival of a dozen other telecommunication

corporations, including Telenor Corps and China Mobile Ltd. The

corporation managed and operates around 2000 telephone exchanges

across the country, providing the largest fixed line network. Data and

backbone services such as GSM, CDMA, Broadband Internet and IPTV

wholesale are an increasing part of its business.

Although broadband technologies (DSL and Cable) are all the rage right

now, in reality a lot of people still only have access to analog phone lines.

Dial-up modems will remain a good way to get on the internet for several

years.

When looking for an internship I had two criteria’s:

1. Technical diversity: a main point was to learn new things in software,

especially in SAP (Systems in Applications and Products in Data

processing).

2. Responsibilities: I looked for an experience that will proof that I am

able to manage things by myself.

INTRODUCTION


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As an internee in Pakistan Telecommunication Limited the main focus of my study research was in Finance Department. The standpoint of working in the organization is to have an idea of practical implementation of principles and strategies especially of finance concern. Thus, the during my internship period I carried out with the following objectives:

• To understand the structure and system development of an organization;

• To know the functions of finance department;

• How organization mange it’s Product Lines;

• How organization copes with Environmental Changes;

• To know the competitiveness of organization;

• How organization develop its strategies;

• To know the management of marketing force and effective team work ;

• To know the success and failure of products;

• Improvement in the performance of an organization.

My first week was more to acknowledge the system and what would be my

projects and tasks. And later on weeks I have assigned to different tasks to

complete.


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OVERVIEW OF THE ORGANIZATION:

History:

From the beginnings of Posts & Telegraph Department in 1947 and

establishment of Pakistan Telephone & Telegraph Department in 1962,

PTCL has been a major player in telecommunication in Pakistan. Despite

having established a network of enormous size, PTCL workings and

policies have attracted regular criticism from other smaller operators and

the civil society of Pakistan

Pakistan Telecommunication Corporation (PTC) took over operations and

functions from Pakistan Telephone and Telegraph Department under Pakistan Telecommunication Corporation Act 1991. This coincided with the Government's competitive policy, encouraging private sector participation and resulting in award of licenses for cellular, card-operated pay-phones, paging and, lately, data communication services.

Pursuing a progressive policy, the Government in 1991, announced its plans to privatize PTCL, and in 1994 issued six million vouchers exchangeable into 600 million shares of the would-be PTCL in two separate placements. Each had a par value of Rs. 10 per share. These vouchers were converted into PTCL shares in mid-1996.

In 1995, Pakistan Telecommunication (Reorganization) Ordinance formed the basis for PTCL monopoly over basic telephony in the country. The provisions of the Ordinance were lent permanence in October 1996 through Pakistan Telecommunication (Reorganization) Act. The same year, Pakistan Telecommunication Company Limited was formed and listed on all stock exchanges of Pakistan

http://en.wikipedia.org/wiki/Privatize


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PTCL launched its mobile and data services subsidiaries in 2001 by the name of Ufone and PakNet respectively. None of the brands made it to the top slots in the respective competitions. Lately, however, Ufone had increased its market share in the cellular sector. The PakNet brand has effectively dissolved over the period of time. A recent DSL service launched by PTCL reflects this by the introduction of a new brand name and operation of the service being directly supervised by PTCL.

As telecommunication monopolies head towards an imminent end, services and infrastructure providers are set to face even bigger challenges. The post-monopoly era came with Pakistan’s Liberalization in Telecommunication in January 2003. On the Government level, a comprehensive liberalization policy for telecoms sector is in the offering.

In 2005 Government of Pakistan decided to sell 26 percent of this company to some private corporation. There were three participants in the bet for privatization of PTCL.

Etisalat an Abu Dhabi based company was able to get the shares with a large margin in the bet. Government's plans of privatizing the corporation were not welcomed in all circles; countrywide protests and strikes were held by PTCL workers. They disrupted phone lines of institutions like Punjab University Lahore along with public sector institutions were also blocked. Military had to take over the management of all the exchanges in the country. The contention between Government and employees ended with a 30% increase in the salaries of workers.

Company profile:

PTCL is the largest telecommunications provider in Pakistan. PTCL also

continues to be the largest CDMA operator in the country with 0.8 million

V-fone customers. The company maintains a leading position in Pakistan

as an infrastructure provider to other telecom operators and corporate

http://en.wikipedia.org/wiki/Pakistan%E2%80%99s_Liberalization_in_Telecommunication

http://en.wikipedia.org/wiki/Pakistan%E2%80%99s_Liberalization_in_Telecommunication

http://en.wikipedia.org/wiki/Etisalat


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customers of the country. It has the potential to be an instrumental agent

in Pakistan’s economic growth. PTCL has laid an Optical Fiber Access

Network in the major metropolitan centers of Pakistan and local loop

services have started to be modernized and upgraded from copper to an

optical network. On the Long Distance and International infrastructure

side, the capacity of two SEA-ME-WE submarine cables is being expanded

to meet the increasing demand of International traffic. PTCL also includes

a part of NTC.

National Telecommunication Corporation is a government-based IT and Telecom services Provider Company in Pakistan. NTC was formed in 1996 by a telecom Reorganization act through which Pakistan Telecommunication Company was split in to two companies NTC and PTCL. NTC provide telecom services to designated customers.

The new era of telecommunication in Pakistan has brought several challenges with it, despite of the advantages it has made visible for the consumers. The most important being the challenge to keep intact the security requirements of the Government of Pakistan and to protect the new players in this field from the conventional practices of the incumbent operators to protect their market share. To overcome these challenges GOP established National Telecommunication Corporation (NTC) in January 1996 under the Telecom Reorganization Act 1996. The main objective was to have an infrastructure independent of all other operators that can be used for the purpose of government communication and as an alternative support for the operators entering the market.

NTC started its operations in 1996 with only 5 local exchanges all over Pakistan and an analog microwave link not capable of supporting the digital transmission. To carry out its operations, it was mainly dependent on PTC infrastructure and used its transit network, international gateways, transmission network, IN platform etc., to carry out its operations. The

http://en.wikipedia.org/wiki/Information_technology

http://en.wikipedia.org/wiki/Telecommunication

http://en.wikipedia.org/wiki/Pakistan

http://en.wikipedia.org/wiki/Pakistan_Telecommunication_Company


http://en.wikipedia.org/wiki/Pakistan_Telecommunication_Company_Limited

http://en.wikipedia.org/wiki/Government_of_Pakistan

http://en.wikipedia.org/wiki/Market_share


http://en.wikipedia.org/wiki/Digital_transmission

http://en.wikipedia.org/wiki/International_gateway


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copper network in the access provided to NTC was not sufficient to cater for its subscriber base and meet the required quality of service parameters. NTC had no arrangements for direct interconnect with cellular operators. As a result it had to pay substantial part of its revenues to PTCL for 3rd party termination. Data services being essential demand of NTC customers could not be met due to non-availability of infrastructure. Billing of NTC customers was carried out through PTC initially and through Pakistan Computer Bureau. The main challenge for NTC at that time was to reduce this dependency on other operators to minimum as soon as possible to fulfill its obligations and to sustain itself in the deregulated environment in which PTC was to be privatized.

The establishment of NTC MSDN was a major milestone, achieved in 2001 which enabled NTC to provide multiple data services such as dial-up, DSL, Web hosting and internet etc. to its customers. Another milestone achievement in national history is placement of Pakistan education & Research Network (PERN) project. The project is providing 155 Mbit/s International Connectivity to 59 universities connected all over Pakistan. The billing system was developed in first 4 years which made it possible for NTC to do its own billing.

NTC has traveled a long way in developing its infrastructure in lines with the technological and market trends. NTC is determined to provide an infrastructure required to meet its objectives and to support the nation and GOP in achieving its objectives.

NTC is currently providing the following services to its customers.

Telephone; Multi-services data network; Transmission services; Co-location.

http://en.wikipedia.org/wiki/Copper

http://en.wikipedia.org/wiki/Interconnect

http://en.wikipedia.org/wiki/Mobile_network_operator

http://en.wikipedia.org/w/index.php?title=Data_Services&action=edit&redlink=1

http://en.wikipedia.org/wiki/MSDN

http://en.wikipedia.org/wiki/Dial-up

http://en.wikipedia.org/wiki/DSL

http://en.wikipedia.org/wiki/Web_hosting

http://en.wikipedia.org/wiki/Internet



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Subsidiaries:

Pak Telecom Mobile Limited (PTML) is a wholly owned subsidiary of

PTCL, listed as a public limited company in the year 1998 and provide

cellular mobile services in Pakistan under the brand of Ufone. Though the

company was listed in 1998, it commenced its commercial operations in

January 2001.

Ufone GSM is a Pakistani GSM cellular service provider. It is one of the five major GSM Mobile companies in Pakistan. In January 2001 Pak Telecom Mobile Limited (PTML) a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) started its operations under the brand name ‘Ufone’.

After the partial privatization of the parent company PTCL, 26% of shares and control was sold to Etisalat and Ufone became a part of the Emirates Telecommunication Corporation Group.

http://en.wikipedia.org/wiki/Ufone

http://en.wikipedia.org/wiki/GSM

http://en.wikipedia.org/wiki/Mobile_phone

http://en.wikipedia.org/wiki/Pakistan



http://en.wikipedia.org/wiki/Etisalat


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Board of Directors:

Mr. Farooq Ahmed Awan (Chairman PTCL Board)

Mr. Abdulrahim Abdulla Abdulrahim Al Nooryani (Member PTCL Board)

Mr. Abdul Wajid Rana (Member PTCL Board)

Mr. Abdulaziz Ahmed Saleh Ahmed Al Sawaleh (Member PTCL Board)

Mr. Kamran Ali (Member PTCL Board)

Mr. Jamil Ahmed Khan(Member PTCL Board)

Mr. Fadhil Mohamed Erhama Al Ansari (Member PTCL Board)

Mr. Abdulaziz Hamad Omran Taryam (Member PTCL Board)

Dr. Ahmed Al Jarwan (Member PTCL Board)

Ms. Farah Qamar (Company Secretary PTCL)


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The part of an organization that manages its money. The business

functions of a finance department typically include planning, organizing,

auditing, accounting for and controlling its company's finances. The

finance department also usually produces the company's financial

statements.

FINANCE DEPARTMENT

ACCOUNTING DEPARTMENT

REVENUE DEPARTMENT

TAXATION DEPARTMENT

INTRODUCTION OF FINANCE DEPARTMENT

http://www.businessdictionary.com/definition/organization.html

http://www.businessdictionary.com/definition/manage.html

http://www.businessdictionary.com/definition/money.html

http://www.businessdictionary.com/definition/business-function.html

http://www.businessdictionary.com/definition/business-function.html

http://www.businessdictionary.com/definition/planning.html

http://www.businessdictionary.com/definition/organizing.html

http://www.businessdictionary.com/definition/accounting.html

http://www.businessdictionary.com/definition/controller.html

http://www.businessdictionary.com/definition/company.html

http://www.businessdictionary.com/definition/produce.html

http://www.businessdictionary.com/definition/financial-statement.html

http://www.businessdictionary.com/definition/financial-statement.html


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Financial hierarchy is a description of the different sections that run the

finance department and the authority, power and responsibilities of the

different members of the department. In a finance department, the

responsibilities of performing core tasks are usually allocated to individuals

who serve as the heads of sub-departments. The heads of sub-departments

are tasked with the responsibilities of exercising clearly defined roles,

authority and powers. The heads of sub-departments have subordinates

who are allocated specific duties that they are expected to perform

exhaustively. And in this department we have 30 members’ staff working.

HEAD

• CHIEF FINANCIAL OFFICER• MANAGEMENT ACCOUNTANT

REPORTS TO CFO AND MA

• FINANCIAL ACCOUNTANT• INTERNAL AUDITOR

REPORTS TO MA

• CREDIT CONTROLLER• ACCOUNTS PAYABLE ACCOUNTANT

FINANCIAL HIERARCHY IN

AN

ORGANIZATION


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PURCHASE CYCLE FROM BUYING - PAYING TO

OUR VENDORS


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During my internship at PTCL I worked in following departments and

sections of PTCL.

I worked in finance department as I have stated before in my report.

Following are the sections involved in this department:

I. Bills processing stages

II. Scrutiny

III. Parking in SAP

IV. Posting of vouchers

V. Payment process in SAP

VI. Printing of Cheaques

VII. Signing of Cheaques

VIII. Dispatch of Cheaques

There are some other works I have performed in my internship period in

different sub sections in finance department. Following I have stated them:

Bank reconciliation statement

Taxation

And other assignments in financial reporting.

BRIEF ON MY INTERNSHIP WORK


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OVERVIEW OF THE PROCESSES

BILLS PROCESSING STAGES

BILLS RECEIVING

SCRUTINY

PARKING IN SAP

POSTING OF VOUCHERS

PAYMENT PROCESS IN SAP

PRINTING OF CHEAQUES

SIGNING OF CHEAQUES

DISPATCH OF CHEAQUES


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BILLS RECEIVING

ENTRY OF BILL IN A INCOMING INVOICE

REGISTER

ASSIGNING OF SERIAL NUMBER TO THE

ORIGINAL,DUPLICATE AND TRIPLICATE

COPIES OF EACH BILL

ENTRY OF SERIAL NUMBER AND DATE WITH INITIALS OF

RECEIVING PERSON ON ALL COPIES

CHECKING OF AVAILABILITY OF

RELEVANT DOCUMENTS WITH

THE BILL

RETURN OF DUPLICATE COPY AND

ONE PERSON SUBMITTING THE BILL

FILLING OF BOTH COPIES COST CENTER

WISE


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SCRUTINY OF BILLS

CHECKING OF AVAILABILITY OF

RELEVANT DOCUMENTS

CHECKING RATES OF GOODS/ SERVICES

ACQUIRED

CHECKING OF AVAILABILITY OF APPROVAL FROM

CONCERNED AUTHOURITY

SIGNING OF PERSON SCRUITINIZED THE BILL IF FOUND CORRECT IN ALLS

ATTACHMENT OF OBJECTION LETTER IN

CASE THERE IS ANY OBJECTION

CHECKING AND SIGNING OF VOUCHER BY THE AM

FINANCE SCRUTINY

CHECKING AND SIGNING OF VOUCHER BY THE MANAGER FINANCE

DEMANDING FUNDS FROM AM FINANCE BUDGET IF NOT AVAILABLE IN THE

RESPECTIVE COST CENTER

SENDING THE FILES FOR POSTING TO SM FINANCE 2


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PARKING IN SAP

LOGIN TO THE PARKING USER ID

IN SAP

USE OF T-CODE FV60 FOR PARKING

OF PAYMENT VOUCHER

USE OF T-CODE FV50 FOR PARKING

OF JOURNAL VOUCHER

PRINTING OF PARKED SAP

VOUCHER

ATTACHMENT OF VOUCHER WITH THE ORIGINAL

BILL

FORWARDING OF FILE FOR

SCRUTINY AGAIN


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POSTING OF VOUCHERS

SM FINANCE LOGINS TO SAP WITH POSTING

USER ID

OVERVIEW OF VOUCHER

POSTING OF VOUCHER THROUGH T-CODE

FBV0 IN SAP

SIGNING AND STAMPING OVER THE

VOUCHER

FORWARDING OF VOUCHERS FILE TO MANAGER FINANCE

FOR PAYMENT PROCESS


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PAYMENT PROCESS IN SAP

PAYEMENT PROCESS IN SAP THROUGH

LOGIN ID OF PAYMENT USER

CALCULATION OF INCOME TAX/

RETENTION MONEY

T-CODE OF F-53 USED FOR CREATING

PAYMENT DOCUMENT

THE DOCUMENT NUMBER ENTERED ON

VOUCHER FOR CHEAQUE PRINTING

REFERENCE

VOUCHER IS FORWARDED FOR

CHEAQUE PRINTING


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PRINTING OF CHEAQUES

BLANK CHEAQUES INSERTED SERIALY IN

PRINTER FOR PRINTING

PRINTING DONE THROUGH LOG IN ID OF PAYMENT USER

THE T-CODE USED FOR CHEAQUE PRINTING IS

FBZ5

STAMPING OF CHEAQUE SIGNING

AUTHOURITIES DONE AFTER PRINTING

CHEAQUE NUMBER ENTERED OVER THE

VOUCHER


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SIGNING OF CHEAQUES

CHECKING OF PARTICULARS OF

CHEAQUE WITH THE VOUCHER

SIGNING F CHEAQUES COUNTER SLIP

CHEAQUE ALONG WITH THE VOUCHER SEND TO SM FINANCE

FOR SIGNING AS A FIRST SIGNATORY

SIGNING OF CHEAQUE OF CHEAQUE FROM SECOND SIGNATORY

SEPARATION OF CHEAQUE FROM VOUCHER FOR

DISPATCH


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DISPATCH OF CHEAQUES

PRINTING OF ENVELOPE FOR CHEAQUE DISPATCH

HANDING OVER OF THE CHEAQUE ENVELOPE TO

THE REPRESENTATIVE OF TCS WITH IN 7 DAYS OF

THE RECEIPT OF THE BILL

UPDATION OF IIR BY ENTERING CHEAQUE

NUMBER AGAINST EACH BILL

VOUCHER STAMPED AS PAID

VOUCHER SEND FOR BINDING


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Identification of bank charges

Utilization of budget in a month

Identification of time barred Cheaques

Correction of wrongly entered Cheaques numbers by the bank

Monthly list of Presented Cheaques

Verification of funds deposited in the account

GPF refund

Proceeds from auction

Temporary impressed refund

TA/DA refund

Transfer of funds from head quarter account

BANK RECONCILIATION STATEMENT

DISBURSEMENT ACCOUNT

COLLECTION ACCOUNT (OTHER THAN REVENUE)


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A tax levied on the annual earnings of an individual or a corporation.

Income taxes are levied by the federal government and by a number of

state and local governments. One set of rules applies to individual income

and another to corporate income. The size and structure of an income tax

greatly influence security prices and investor decisions.

I. 6% income tax deducted on services

II. 3.5% income tax deducted on purchase and supply

It can be of two types:

Salary income tax

Vendor income tax

A sales tax is a tax imposed by state and local governments on transactions

that occur within their jurisdictions. That is, the government collects a

certain percentage of the sale price on transactions where goods and

services are traded at the retail level. While the retailers are responsible for

paying the sales tax, most of the time they simply pass on the cost to

customers. It is 16% deducted.

TAXATION

INCOME TAX

SALES TAX

http://financial-dictionary.thefreedictionary.com/Sale+Price

http://financial-dictionary.thefreedictionary.com/Transactions

http://financial-dictionary.thefreedictionary.com/Retailers

http://financial-dictionary.thefreedictionary.com/Customers


30 | P a g e

SALARY INCOME TAX

SALARY INCOME TAX DATA

RECEIVED FROM HCM ON MONTHLY

BASIS

PROCESSING THE DATA AS PER THE FORMAT DEFINED BY FBR IN EXCEL

FORMAT

PARKING/POSTING OF THE DOCUMENT

IN SAP FOR PAYMENT TO FBR

UPLOADING THE FILE ON FBR ONLINE

PORTAL CONTAINING EMPLOYEE WISE

INCOME TAX DATA TO CREATE PSID

DEPOSITING CHEAQUE TO FBR REPRESENTATIVE AT AUTHOURIZED

NBP BRANCH

OBTAINING CPRFROM NBP


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VENDOR INCOME TAX

DATA RECONCILIATION FROM ZWTR AND

GL BOOKINGS

MAINTAINING EXCEL FILE AS PER

FBR FORMAT

PARKING/POSTING OF THE

DOCUMENT IN SAP FOR PAYMENT TO

FBR

UPLOADING THE FILE ON FBR ONLINE PORTAL

CONTAINING EMPLOYEE WISE INCOME TAX DATA

TO CREATE PSID

DEPOSITING CHEAQUE TO FBR REPRESENTATIVE AT AUTHOURIZED

NBP BRANCH

OBTAINING CPR FROM NBP


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OTHER ASSIGNMENTS

Maintaining data of vehicles of RGMs and Revenue department;

Arrangement of payment of third party staff before 1st of each

month;

Yearly/semiyearly physical stock verification of stores/sub stores and

coordination with Headquarters for further submission of compiled

report;

Cash impress, temporary advance and adjustment report with OB on

monthly basis;

Maintain record/report of attendance of finance and revenue

department;

Issuing income tax certificates both to the employees and vendors;

Booking of monthly accruals;

Reconciliation and variance of monthly salary;

Reporting of “Advance to Suppliers” on monthly basis;

Fuel, electricity report on monthly basis;

Quarterly head count report of CPEIs third party staff;

Bank reconciliation statements of both Disbursement and other than

revenue account;

Sales tax report;

Income tax report on weekly/ monthly and annual basis

Proposal of annual operating budget


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Bank ceiling region wise including salary ceiling on monthly basis;

Budget forecasting;

Region wise and Division wise monthly expenditure statement;

Detailed event wise store and cash analysis of regions;

Extracting ZGSTOT report from SAP along with GLs;

Obtaining information from vouchers including;

Invoice bill number

Invoice date

Total number of invoices in a voucher

Reconciling GL amount with amount appearing in report;

Incorporating sales tax codes during parking of bills;

Settlement of sales tax related issues in coordination with

Headquarters.


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The whole experience of working at PTCL was great. This organization has

a well maintained work culture, great minds and very high quality of work.

I learned a lot of experienced from this organization. The work I could

complete here was very satisfactory. I have tried to develop as many add-

ons as possible for PTCL and even got very encouraging results with some

of them. I hope my work on PTCL will help me to meet the future goals in

my career. I feel pleasure that I have really gained a lot during 6 weeks and

enjoyed working with experienced, co-operative staff.

CONCLUSION

Documents

INTERNSHIP REPORT ON PTCL[1]