Business Growth App for Tally Users
With the rollout of GST in July 2017, companies and businesses have been scrambling to get everything in place when it comes to their tax. There are a number of GST billing software that can make calculating your GST and filing taxes a breeze. These platforms and softwares are usually free-to-use and quite simple.
One of the most sought-after GST support software is for GST Billing. As a registered business you will be required to produce GST invoices for all your transactions, an invoice or bill contains details of all the goods or services you provided within a period of time and the payments received or to be received for them. These GST invoice/billing softwares create GST compliant invoices for you at the click of a button.
While looking for a GST Billing Software there are a few things you should look for in the software and most good GST Billing/Invoicing Softwares will have these characteristics.
The first and foremost feature of a good GST Billing Software is that it is highly secure. A secure GST Billing software will safeguard any confidential information that could compromise the functioning of the business.
With the introduction of invoice matching, there are a number of businesses that have revamped their IT structure and bookkeeping systems. Invoice matching is the process of matching the goods or services provided by a supplier to the goods and services received by the buyer, this ensures that every individual within the value chain files their GST returns.
Non-compliance with the new GST norms will adversely affect a business’s compliance rating. Therefore, it is important for the GST Billing software to be compatible with multiple platforms and be accessible through various mediums like a laptop, smartphone, pad, etc.
Almost all businesses use some form of Enterprise Resource Planning (ERP) software. Even medium and small size businesses use bookkeeping software to keep track of their accounts. A good GST billing software will be able to easily integrate with these existing platforms in the business and provide all the relevant data in one place.
With the new GST system, the average taxpayer will need to file for 25 different returns during a single financial year. Most businesses today operate across the country and even globally in some cases. This means a single vendor that operates across the country will have about 725 returns to file annually.
A good GST software will be intelligently designed to provide the user with all the tax-related information they require including upcoming taxable events. This type of design can save a business a lot of effort, time and money.
One of the most important aspects of any software is the user interface. This is the portion of the software a user interacts with and is crucial to the overall experience.
A well-designed GST software will be ergonomically designed to make sure the user gets all the information they require in the least amount of time. A simple, lightweight software that is highly responsive and easy to understand is what most people look for in a GST Billing Software.
Zoho Books is considered a premium accounting software that is GST compliant. This online GST software is packed full of features to allow for easy collaborations between accountants and employees. You can add 40+ apps to run almost every aspect of your business through Zoho. Zoho Books comes with a free 14-day trial period.
Vyapar is one of the simplest accounting, invoicing and inventory management softwares that is completely GST compliant. The software takes no time to learn so that you can get to work right away and become GST compliant in no time. Vyapar is designed for businessmen and not accountants and is therefore very straightforward in its approach.
Tally ERP 9 is designed to handle inventory, accounting, and payroll. The software is GST compliant so you don’t need to worry about additional calculations. The software is meant for businesses and is one of the most popular ERP solutions in the industry.
ProfitBooks GST is designed to cater to small and medium-size businesses. This power-packed GST software will help you track expenses, manage inventory and create GST compliant invoices in a matter of minutes. The software is very easy to understand and you won’t need a background in accounting to understand its features completely. Over 6,00,000 businesses across 20 countries trust ProfitBooks GST.
Khatabook is a powerful little accounting software for small shopkeepers. This GST compliant accounting software is packed full of features that make bookkeeping an absolute breeze. For a lightweight online software, it accomplishes a surprising amount of tasks that you would expect from something a lot more complex. The ergonomic design of its interface makes it easy to use and will get you on track for being GST compliant in no time.
The Good and Service Tax (GST) is India’s largest tax reform and since India is one of the largest economies in the world, it is one of the world’s largest tax reforms as well. The GST has come at a time when India is looking to digitize its economy, putting GST at the crossroads of tech and tax.
For this reason, a number of auxiliary services and online GST softwares have been created to make life a lot simpler. So if you’re a business owner, accountant or someone who is looking to start a business of their own now is the best time to get familiar with these great GST Billing Software.
Business Growth App for Tally Users
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