I want to share my professional experience with you
Banking Recovery Vendors(Service provider)

LR Business Solutions Pvt. Ltd. is a service provider located in
Lucknow city of Uttar Pradesh state.
this company is a Pvt. Ltd.
this company recovers private banks Or rather
say that this company gives the service of recovery
 of loans to private banks.
So that's how we became vendors of banks
We will give the bill of recovery or collection
expenses to the bank every month, on behalf of that bill the bank will pay

Before doing the accounting of service providers, we have
to see the accounting terms. and understand
the business transaction..

. Sales (Services Sales Bill with GST & Without  GST)

. Expenses (Salary , Electricity , Fuel , Traveling & Convayance, Printing & Stationary , Postage & Courier, Bank Interest & Charges , PF contribution , ESI Contribution , Staff welfare , Repairing & Maintenance , internet & Teliphone, Office Rent ,

.TDS payable

.TDS Receivable 

.Acounts Payable (sundry Creditors,Expense Payable,Salary Payable etc.)
.Fixed Assets (Purchase Fixed Assets)
.Current Assets (Sundry debtors,TDS , Loan And Advance, GST ITC)