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ERP software free download. Computer Billing Software. What is a billing software?
Why do businesses need a billing software? What are the features that a billing software offers? What is a billing software? A billing software can be any software designed to handle time and billing tracking as well as invoicing customers for services and products. It can track the hours worked by employees as well as expenses associated with projects or clients. Billing software is an integral part of an accounting and finance software package, and there are vendors that offer free billing software for small businesses along with the main package.
Why do businesses need a billing software? Primarily, it eliminates the manual data entry, and ensure that accounting figures are accurate. Apart from the above, a computer billing software usually carries useful features such as invoice creation, reminders, financial calendars, hours tracking, reporting options, database and records management, and many others. State GST. What is SGST?
SGST is one of the tax components of GST in India. SGST Act expands to State Goods and Service Tax. It is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. SGST falls under State Goods and Service Tax Act 2017. A simple understanding could be that, when SGST is being introduced, the present state taxes of State Sales Tax, VAT, Luxury Tax, Entertainment tax (unless it is levied by the local bodies), Taxes on lottery, betting and gambling, Entry tax not in lieu of Octroi, State Cesses and Surcharges in so far as they relate to supply of goods and services etc. are subsumed into one tax in GST called State GST. All the tax proceeds collected under the head SGST is for State Government. How to calculate gst in india. GST calculator Couple of years into the GST era, most businesses have become conversant with the basic information they need to be on top of, as far as their goods and services are concerned.
The information is nothing but – the GST rates, HSN codes, SAC codes etc. which will help them to calculate GST faster, prepare GST compliant invoices faster and therefore, conduct businesses faster. However, there are many scenarios, wherein a businessman may be faced with an amount excluding GST, or with an amount including GST. GST credit.
What is input tax credit?
Ever since GST has been discussed across the country, the input tax credit has been spoken about in the same breath. In essence, ITC is the heart and soul of GST. One of the fundamental reasons, why GST is good for the nation, is, the seamless flow of input credit across the chain (right from the manufacture of goods till the end consumer) and across states, which earlier was not the case. Under the Goods & Service Tax regime, ITC can be availed by every registered taxable person on all inputs used or intended to be used in the course of or for the furtherance of business – be it goods or services. Similarly, ITC will also be available on capital goods used in the course of business, except for a few exceptions. GST composition scheme rules. GST composition Scheme Rate. Introduction Composition Scheme under GST is a relief mechanism, especially for small tax payers, wherein they can not only have comparatively less tedious compliance practices to deal with, but also pay GST at a lower, fixed composition tax rate on their turnover.
Inventory Management. Inventory management is one of the key factors which will define the success of the business.
Inventory is money sitting around in another form and it holds huge working capital. Any inefficiency in managing inventory will put your business at a disadvantage. This article talks about the basics of inventory management. How to Prepare Balance Sheet. 1.
Introduction to Balance Sheet Balance Sheet is one of topmost financial statement prepared by the businesses. Enterprise Resource Planning System. ERP Basics Often, you must have heard people talk about ‘ERP’ in events, session or you might have seen while you were browsing.
No matter where you have heard this, it is important to understand the ERP basics. Tally GST Invoice. Introduction With GST around the corner, it is extremely critical for businesses to start invoicing under GST mode, and not face any roadblocks, as they usher in the new age.
Businesses will need to ensure that the GST transaction invoices are passed with the requisite details, which will later enable them to claim the right ITC and remain GST compliant while growing continuously. GST Invoice When a registered taxable person supplies taxable goods or services, a GST invoice is issued. To issue and receive a GST compliant invoice is a prerequisite to claim ITC.
New Format of GST Return. GSTR-11. What is GSTR-11?
Form GSTR-11 is the return form to be furnished by the persons who have been issued a Unique Identity Number (UIN), in order to obtain refunds under GST, for all the goods and services purchased by them in India. Who are required to file GSTR-11? All persons who are holding a Unique Identity Number (UIN) are required to carry out GSTR-11 return filing. However, before proceeding on this topic, it is important to understand UIN in more detail. The Unique Identity Number (UIN) is a special classification made for foreign diplomatic missions and embassies who are not liable to pay taxes in Indian Territory. GST Suvida Provider. Introduction The Goods and Services Tax (GST) is now a reality. However, while the law has seen the light of day, the rollout of the GST Bill will be a collective effort of the Central and State Governments, the tax payers and the IT platform provider i.e.
GSTN, CBEC and State Tax Departments. Besides these main participants there are going to be other stakeholders e.g. Billing Software. GST Reverse Calculation. Balance Sheet. Introduction to Balance Sheet Format Balance Sheet format includes assets on one side and liabilities on the other. For balance sheet to reflect the true picture, both sides should tally. For us to understand the balance sheet format, we must know the components which forms part of it. Balance Sheet Format. New GST Return Format. New Return Filing System under GST. GST Composition Rules. Composition Scheme Rule Limit. Debit Note in GST. Introduction In order to clearly understand the concepts of debit and credit note in GST we have to let go of our understanding of debit note under erstwhile laws and begin with a new slate.
A debit and credit note, for the purpose of the GST Law, can be issued by the registered person who has issued a tax invoice, i.e., the supplier. Any such document, by whatever name called, when issued by the recipient to the registered supplier, is not a document recognized under the GST Law. [caption id="" align="alignnone" width="840"] Accounting Software. General ledger Format. Introduction After passing the entries in journal-register, the transactions are classified and grouped for preparation of accounts. HSN. Introduction HSN Codes and SAC Codes are standards when it comes to classifying goods and services. Tally Customer Care Number. How to Prepare Balance Sheet. 1. Principles of Bookkeeping. This bookkeeping means recording, classifying and summarizing business transactions systematically so that the businessman may be able to know his profit or loss during a specified period.
Just link any other thing, there are principles of booking which you need to follow. GST Composition Scheme Rate. Accounting Software. E Way Bill under GST. Introduction E-way bill or Electronic-way bill is a document introduced under the GST regime that needs to be generated before transporting or shipping goods worth more than INR 50,000 within state or inter-state.
GST Rate with HSN Code. What is Enterprise Resource Planning System (ERP) Time of Supply of Goods under GST. Introduction For any taxation system, time of taxation or point of taxation is of crucial importance. Point of Taxation (POT) refers to the point in time when tax is required to be paid for a taxable event. This is a mechanism which is used to determine the point in time when the tax liability will arise. Retail Inventory Management. What is Retail Management? Why Retail Inventory Management? Enterprise Resource Planning. Audited Financial Statements. Definition Audited financial statements refer to a complete set of general-purpose financial statements, including the related notes.
The related notes ordinarily comprise a summary of significant accounting policies and other explanatory information and any other information required to be included as part of the financial statements by the laws and regulations governing the entity. Audited Financial Statements: - Definition, Inclusions and Auditors Report. Billing Software. GST Accounting Software. What is Credit Note under GST. What is Debit Note, Credit Note & Revised GST Invoice. Accounting Principles Explained. Accounting Methods- Definition and Types. How to Make VAT Payment to FTA in UAE. 10 Best Features of ERP Software - Tally Solutions. What is Enterprise Resource Planning System (ERP) Billing Software and its Benefits. Accounting Software: Types, Benefits & Uses.
Accounting Software in India - Download Accounting Software. Financial Statements and their Uses.