GST tax rates and code structure are adopted along with sub-categories wherever differential rates are imposed within the taxable good i.e garments priced above Rs.1000 and less than Rs.1000 HSN and SAC codes are set when the product or service is created in the master data and it is automatically updated with the changes in tax rates if any on a later date.
PO raising, GRN-goods receipting, invoice processing and payment of invoice are done through respective users who have the access its assures highly accurate accounting stock accounting, creditors balances and adjustment reporting for invoices raised but goods are not delivered. GST rates are automatically applied and input tax credit automatically tax credit(ITC) reflex GSTR2.
Auto mark-up, stock status, back order, delivery docket generation makes the invoicing user friendly. Collections against each invoice, Credit Notes, Sales returns and Customer statement of account with ageing analysis are the salient features.
Service rates are captured while creating the services in the master data and applied automatically while raising the invoices based on the rates and quantities. Provision for comments and setting of terms and conditions makes the service invoice user definable and printable in various formats.
GSTR 1-11 can be generated without any hassles and there is no need for reconciliation. JSON files can be prepared and uploaded without any technical difficulties.
On-line preparation of E-Way bills is facilitated . Options available for multi invoices transported in one vehilce and goods of a single invoice transported in multiple vehicles.
Inwards job orders can be captured with inward materials and job rates. Invoicing on completion of job works on the inward job rates makes the invoicing task easy. In the same manner outward jobs data can be captured using the system to have better control over materials and job costs. Vendor payments are checkout out against each invoices for better control over payments.
Quantitative stock accounting maintained for all sales and purchases except transactions routed through general invoicing stock valuation on FIFO method and stock adjustment entries for stock taking perfects inventory accounting system.
Trial Balance, Profit and Loss account, Balance Sheet, Customer accounts, Supplier Accounts, Stock ledger and ledger accounts are generated for any period within the financial year.
Ageing report, Daily stock report, cash sales report and various other reports are generated.
