Resource centre
Guides for running a Bangladeshi business on solid books
Practical articles on VAT, withholding tax and imports, a glossary of the terms your accountant uses, and a checklist for your first 30 days.
Getting started
Your first 30 days
A sensible order for a new business. The portal shows a guided setup checklist on your dashboard, and our team can help during the 30-day free trial.
Setup and training help- Day 1
Set up the business
Enter the company name, address, BIN and e-TIN if you have them, and confirm the July to June financial year. Invite your accountant and set roles so each person sees only what they need.
- Days 2-3
Add customers and suppliers
Bring in your main parties with their contact details and BIN where relevant. Start with the ones you trade with every week; the rest can follow.
- Days 3-5
Add products and stores
List what you sell or buy with units and prices, and create your stores or warehouses. Decide FIFO or weighted average costing once and keep it consistent.
- Week 2
Enter opening balances
Load bank and cash balances, customer and supplier dues and opening stock as of the start of your period. Check the trial balance agrees with your last closed books.
- Week 2
Connect bank and MFS accounts
Add each bank account and any bKash or Nagad wallet you collect through, so receipts and payments are recorded against the right account.
- Week 3
Configure VAT settings
Set your VAT registration details and the tax treatment of your items, and confirm the setup with your tax adviser against the current NBR rules.
- Week 3
Issue your first invoice
Raise a real invoice, record the customer payment and check the customer balance and the VAT effect agree with what you expect.
- Week 4
Reconcile and review
Reconcile the bank, review the profit and loss, balance sheet and VAT summary, and fix any setup gaps before you rely on the numbers.
Articles
Read by topic
Accounting
- Choosing accounting software in Bangladesh: a buyer's checklistHow to choose accounting software for a Bangladeshi business: the questions to ask about VAT, LC, bKash, support and data, plus how to run a fair trial.8 min read
- Invoice numbering, credit notes and sales returns: doing it properlySet up invoice numbering, credit notes and returns the right way: unbroken sequences, linked adjustments and clean VAT records for Bangladeshi businesses.7 min read
- Credit control for Bangladeshi businesses: aging, collections and credit limitsLate-paying customers drain cash. Learn how to read a receivables aging report, set customer credit limits and run a collections routine that works.7 min read
- Closing the books for the July–June financial year: a year-end checklistA practical year-end close checklist for Bangladeshi businesses on the July-June financial year: cut-off, stock, receivables, accruals and reports.8 min read
Operations
- Budgeting for a small manufacturer: how to build and use budget vs actualA step-by-step guide for small Bangladeshi manufacturers: build a simple budget, track budget vs actual monthly, and respond to variances before they hurt.8 min read
- Month-end close for a trading business: a 10-step checklistA practical month-end close checklist for Bangladeshi traders and wholesalers: cut-off, bank and wallet reconciliation, stock, VAT, receivables and review.7 min read
Banking
- Post-dated cheques (PDC) and bounced cheques: how to track and account for themHow to record, track and follow up post-dated cheques and bounced cheques in a Bangladeshi business, with clear accounting entries and control habits.7 min read
- How to reconcile bKash and Nagad collections with your booksMobile wallet payments rarely match your sales ledger one-to-one. Learn how to reconcile bKash and Nagad merchant statements, fees and settlements cleanly.7 min read
Import & LC
- Import costing from LC opening to cost per unit: a worked exampleFollow an imported consignment from LC opening to final cost per unit: what to include, how to allocate freight and duty, and when to finalise the cost.8 min read
- Garment (RMG) accounting basics: BTB LC, cash incentive and landed costRMG accounting in Bangladesh explained for owners and accountants: back-to-back LC, export proceeds, cash incentive and how to cost imported fabric properly.8 min read
- What your imported goods actually costInvoice value is not landed cost. How to collect freight, duty, insurance, port and clearing charges and allocate them properly, so margin is real.8 min read
Bangladesh VAT
- BIN vs e-TIN in Bangladesh: what each number is for and where to use itBIN or e-TIN? Learn the difference between the two NBR identification numbers, who needs which, and where each appears on invoices, challans and returns.6 min read
- VAT input credit (rebate) in Bangladesh: how it works and the mistakes that cost moneyUnderstand VAT input credit in Bangladesh: how rebate works, which documents you need, and the common mistakes that lead to lost claims or audit queries.7 min read
- How to file Mushak-9.1 step by step: a monthly VAT return checklistA practical Mushak-9.1 monthly VAT return walkthrough for Bangladeshi businesses: what to gather, how to reconcile, and what to check before the 15th.7 min read
- Mushak 6.3: when you must issue one, and what goes wrongA practical explanation of the Mushak 6.3 VAT challan — who issues it, when, what it must contain, and the mistakes that cause trouble at audit.7 min read
- VDS and TDS: who deducts, how much, and what you must issueDeduction at source is an obligation on the payer, not the supplier. What happens when you get it wrong, and how to make it hard to get wrong.6 min read
Glossary
72 terms from Mushak forms and VDS to BTB LC, landed cost and lakh and crore, with links to the related guides.
Open the glossaryFeature guides
Not sure where to start?
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