Fabric reconciliation by excel inventory tracker systems is common tools in RMG sectors. When any organization reduce cost and increase profit by controlling fabric wastage. So, they have to introduce fabric reconciliation by excel inventory tracker system. Most of organization fall in difficulties by reducing fabric wastage. Here CAD consumption …
Read More »Import LC Posting, Back to Back LC Journal Procedure and LC Posting.
We all are well known about the procedures of any services given or taken by buyer and seller respectively. Here three types of procedures are maintain of Bangladesh Import Export Business industries. These are- Export LC a) By Billb) By LC (Letter of Credit)c) By TT (Telegraphic Transfer or telex …
Read More »Accounting Treatment of Export LC | Accounting Treatment of Sales Contract
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 …
Read More »Sub Contract work from Garments to Garments
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 …
Read More »Daily Basis Inventory Tracker in RMG Sectors
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. …
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