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Why Must You Integrate an Invoice Software to Your Business Module?

Modern programs such as Word and Excel do a better job when it comes to invoicing and record-keeping. Since the 1990s, they have been used and distributed by millions of freelancers and small businesses. Nonetheless, if you want a cheaper, more efficient, and highly integrated digital invoicing solution, there are better alternatives nowadays.

Virtual invoicing using professional technology allows you to write and submit invoices in a matter of moments in a more efficient, easier, and quicker manner. You can also reap the benefits of automation and convergence that can make it so much easier to run a freelance business virtually.

Benefits of using the Invoice software instead of invoice templates:

Everything is saved on the cloud

How far you’re going to lose your paper bills? Why did through your emails and pockets for the details of your customer? Because electronic invoice software is available, all of your data will be stored online. You can get rid of documents or any physical copy storage with the cloud storage system. Only sign in to your account, and there’s it.

You get paid faster

As a freelance specialist, a consistent cash flow helps you. Making payment simpler for your customers means that you are paid on time and with as little inconvenience as possible. Customers also enjoy a convenient way to pay. You can connect to different payment options with dedicated invoicing technology right in the invoice itself. This means that your customer only needs to click on a link or button, and the user will directly get to the payment process screen.

You can automate your tasks

One of the reasons why invoices take so long is that you need to keep entering the same data again and again. Your data is protected with the digital invoicing program. The code knows it after you enter it the first time, and you won’t have to enter it again. Of course, you can do that easily with just a few clicks if you need to change a few details.

It’s easier to spot mistakes

You run the risk of making a mistake when entering data manually in a Word or Excel file. Human error happens regardless of how reliable they are trying to be. Even if we double-check facts and statistics, there is often a mistake slipping under our radar. It can be costly in terms of time and money to repair such a mistake. However, an efficient invoice software can save you from making those mistakes.

There are tests and warnings for professional invoicing tools when something seems to be wrong with the data and statistics you enter. Also, all product prices are applied automatically, and they are delivered instantly without the need to measure the total manually. This can be particularly beneficial when dealing with estimates of deposit and partial payment.

Manage & track your invoices

Digital invoicing is great to help you see what invoices you have sent quickly.

You can go through those you sent or your drafts easily. You can also see the unpaid invoices and notify your late-paying customers. Without any difficulty, you can easily manage a number of invoices. You will receive a number of bills and invoices pending every single month when running a small business. To ensure that no mistake happens or that any invoice is missed or unpaid, you need an invoicing program to monitor your invoices.

The benefits of integration

Advanced invoicing software allows a whole host of other programs to incorporate the invoicing program. For example, if you want to track and document the time you’ve spent working on a client’s venture, this can be helpful. With an invoice software, this time-tracking information can be passed directly to an invoice. Many integrations include payment gateways and hundreds of other programs, such as Google Sheets, Slack, Pipeline, and Mail Chimp and many more.

Secure all your data

Digital computer invoicing works by storing all of your online information. But if you don’t use the right service, you could steal the data. Invoice software uses 256-bit AES SSL encryption to back up your data on a regular basis for extra protection. This is a very good encryption because it would take one billion years to break the code with the world’s fastest machine.

You can invoice from anywhere

SaaS invoicing allows you to build and send invoices with an internet connection from anywhere. It means that when dealing with invoices, you do not have to be in front of your computer. You can invoice thousands of miles from your favorite mobile device while sitting on a beautiful beach. All your data and models will be stored securely and available from any phone or machine. This independence is particularly appealing to small business owners who may prefer a lifestyle that is more travel-friendly.

Customizable

Invoicing technology offers the ability to completely WOW the clients and customizes invoices. To get stunning invoices, you don’t have to be a designer (or hire one). You can use an invoice generator with an invoice app, which ticks all the boxes while also allowing customization to achieve an aesthetic that suits your brand.

Whatever logo and colors you choose for your invoice, make sure that the data you provide is clear and concise. When it comes to getting billed, your customers rely on you to get accurate information, so use this as an opportunity to build a trusting and open conversation. It will allow you to move forward with a good business relationship.

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Key Benefits of Inventory Serial Number Tracking System

Serial numbers are unique, offering excellent inventory control. The differences between a serial number and how it differentiates from other identification codes or item numbers are crucial for businesses to understand.

A serial number is a unique identifier for a specific item or product. A lot number describes a collection of products or parts that were produced from a particular production run. Therefore, all products should have the same batch number in a particular production run.

Serial numbers can be represented numerically as well as alphanumerically and vary from product identifiers such as bar-codes, lot numbers or batch numbers. Identifiers of the item signify a batch, a lot, or the particular manufacturing period in which the products are manufactured or handled. The handling of electronic devices will be an increasingly important aspect of inventory management software, from cell phones to 3D printers to MRI machines, and everything in between.

When everything runs as it should in the business, serial and batch numbers can appear to be an unnecessary job for admin. Furthermore, if your customer calls to inform you about the product that you sold them is wrong, the time taken to introduce serial/batch number traceability would pay back many times.

Improved accuracy

Through recording serial numbers as the product is provided, but also when an item is delivered, serial numbers increase tracking versatility. By eliminating the need for multiple databases that cause confusion and increase error rates, the streamlined design of serial number tracking helps to improve the reliability of your stock control.

Serial numbers also provide expiry records and best by dates that allow you to control what inventory is selected and delivered, minimizing the incidence of waste first by shipping older stock through perish-ability or obsolescence.

With the help of an excellent and well-versed inventory management software, you can easily track the devices. Therefore, serial numbers help to maintain a service quality standard by offering the ability to monitor and assess each production or delivery point. These can be used to monitor any service problems, faults, and product defects as well as to enhance search or reporting functions.

Reduced data entry and errors

Tracking the serial number is one of the easiest ways to reduce data entry and errors. Each change, sale, or order is more reliable and better tracked with each service or item numbered. The use of mobile and barcode technology optimizes the use of serial numbers and is especially useful for manufacturing companies or those with a wide variety of inventories.

Provide better customer service

The company can easily handle and examine warranty claims and either offer a swap, return refund, or request a complete recall if the problem is due to faulty manufacturing or production. You can also provide specific details about your design to your customers based on the serial code.

Prevent fraud

You can make sure that the returned item is the same product you sent, simply by checking whether the serial number is the same.

Reduce the risk of failure

It can be a big mistake to make a shipping error while dealing with heavily regulated companies and products. But you’re going to avoid the risk with properly organized serial numeration.

Sales analysis

Each sale and delivery will provide you with business information, top customers, and remaining inventory. You can easily view these stats at any time with an organized system.

Inventory Control

Serial numbers and the system of monitoring they provide are critical to the management of stocks. They give companies the ability to maintain quality control by providing the means to help address warranty claims or to conduct a product recall if necessary.

Via integrated tracking with other business systems and applications, serial numbers also help facilitate better stock management. These include the ability to integrate technology for buying, stock control, and billing.

Features of an inventory management software:

  • Sophisticated User-defined serial number pattern.
  • Expiration dates can easily be mentioned for any lot.
  • On-screen inquiry by part, all lot numbers and serial numbers received/shipped for that part.
  • Auto serialization upon shipping or receiving.
  • Record serial numbers for components used within a BOM.

Tracking serial numbers makes processing and shipment less complicated and saves time. Simplifying your processes and monitoring products accurately ensures that you will always know where to find what you need and easily validate it as the right product. Therefore, without the chance of sending the wrong product, you could deliver more goods faster.

Keeping a detailed record with the inventory management software of your items would create a more transparent experience for everyone. You can keep up-to-date from anywhere with a program that is easily accessible via a computer or mobile device.

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Things You Must Consider While Choosing Accounting software

inventory Management Software - Easy GST Accounting Software

There are so many people who are starting their business now. It is trending that you have your own business, either small or big. It is also a good idea for earning a good amount of money, but it also takes a lot of effort. It is not easy to manage all the money related things so easily. It is undoubtedly known that every business is money-oriented. Once your business blooms, you will get more and more money. And when the money starts coming, it becomes more crucial to manage it. There are so many people who lose money more than they earn, and the reason is that they are unable to manage the money transactions.

If you already have a successful business running and all you need is to manage the transaction than the best solution is getting accounting software. There are so many things that you need to know before getting accounting software. The first thing you need to look for is what you are paying to the employees. There are so many different software that will help you with managing the salaries of the employees. Another thing is the money you are getting from your clients.

There are so many business owners who do great in getting clients and earning profit from them but fail at managing that money. The business is all about getting profit money and investing it into making more money. If you understand this law of doing business, then only you will understand the value of accounting software. There are so many features that accounting software may have. Some of those include tracking the bills, managing the inventory, and also the project management. Here are some factors that can be resolved if you have accounting software. Look into these and understand the need of your business.

One of these factors is the multi-user accessibility, and it is really important. It is of no doubt that a successful business can only be achieved with the help of a team. If you don’t have more than two people, then it is not considered an established business. Once you have a team of few people, then all the tools and software’s you use need to be multi-user. You cannot start using an accounting facility which is not accessible on the other employees.

Now another factor is that the software you are taking can support multiple business processes. The business you have must have relations and connections with other businesses also. It is very important in order to make more connections to more profit. There are some accounting software’s which will help you to connect with these other businesses and help you achieve more progress.

Another very important thing is that the software you are using is mobile friendly as the time has come when we need everything on our mobiles. It saves more time and effort if you can manage all the important aspects of your business through your mobile. There are so many software’s which can work just as good on mobiles as they do on laptops. By this feature, you don’t need to carry your laptops everywhere.

A very crucial matter that we forget very easily is data security. It is highly recommended that you double-check any software about its data security as it will carry all the sensitive data. It is highly confidential information and should be kept very safe in order to avoid any mishappening.

You need to follow all of these discussed actors in order to get the best results.

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5 Benefits of Switching To an Efficient Billing System

inventory Management Software - Easy GST Accounting Software

Whether you’re running a well established- enterprise or managing small startup, you need smart assistance with almost everything. With too many things to handle, you cannot afford to put your resources on non-core business activities. This will not only decrease the productivity but also affect in the long run. The billing system is one of those, and you need to digitize the billing operation with inefficient software so you can accelerate the entire business process. With the help of an efficient billing system, you will not only able to save time but also your resources to make use of the at core business operations. Here we are sharing the five benefits of integrating an advanced billing system to your business.

  1. Get Automated subscription Billing

Companies or organizations offering subscriptions find it very challenging to manually handling all the billing operations after one month or any period of the cycle is completed. For all the customers availing, your services need to renew the service package once the billing cycle is completed. For this, you need people to have an eye on the cycle and update when the date comes. This makes the job very complex and time taking where you may need to put more one resources for the task. With automatic billing software, the bill will be generated automatically and also be sent to your customers. You do not need to do any of them manually.

2. Minimum or No Errors

Billing operations include too many numbers, and if you have a large client base, then it could be really difficult to avoid any mistakes. We are humans, and there is always a chance of making a mistake no matter how much focused we are when we have to deal with a number of tasks on the list. But errors or any mistake in the billing operation can directly lead to business loss which no one wants. The automated and efficient billing system guarantees error-free operations for consistent and smooth working.

3. Transparency

The most significant benefit of using an advanced billing system us transparency across the entire billing process. It is possible that your client or customer has a query about the billing process; it is imperative that you can access the information quickly and easily and help them out. The other benefit of cloud-based invoicing is to easily understand audit trail, including every action, from sales pitching the final payment. With the help of an efficient invoicing system finding information is quick and painless, so you can keep your customers updated.

4. Integrate Systems

The other benefit that attracts most of the business owners is that they can integrate other systems into the billing tool. With the help of this feature, not only the entire billing process but also operations can also be simplified and accelerated. From managing your finance to getting information about all day to day spending, you can find every major to minor details on the system by integrating other expenditure tracking tools.

5. More focus on core-functions

With the integration of a smart and automated billing tool, you don’t need any dedicated resources for doing any work manually. Usually, without the tool, a business requires an entire team of finance who need to perform all the tasks. But with the help of advance billing software, you may need only a single person monitoring the software. This way, you can use those resources for more productive and business generating operations. This will help you in targeting the areas which can result in higher revenue.

 

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Top Accounting Trends 2019 You Must Know About

Easy GST - Best Cloud Accounting Software Online

The technology has been influencing every sector of the economy and society. With the advancement in technology, new ways have been discovered to handle things. The accounting sector has also seen an upsurging change in the methods of accounting trying to increase the overall efficiency and the standards.

The new age of accounting experts must grasp innovation and adjust to the accounting patterns that are disrupting the long-held prescribed procedures. The new accounting patterns would help accounting and tax assessment firms to achieve new degrees of progress along these lines empowering them to work in a lot quicker and more brilliant way.

These accounting patterns are examined thus beneath.

AUTOMATION

The labor-intensive tasks like audits, payroll and banking will be completely computerized – a pattern that is viewed as the best chance. Artificial intelligence will give a really improve access to a scope of close ongoing data from a more noteworthy number of sources. The artificial intelligence will not wipe out human intelligence, it is meant to facilitate human. Innovation will give us access to better information; however, accountants are the ones who’ll need to apply this data to this present reality to give urgent business bits of knowledge and insight.

Computers can’t supplant the interpretive limit of the human mind. It’s likewise really difficult to teach a machine good judgment. While calculations will keep on getting all the more dominant and productive at arranging enormous information, computers are just extraordinary transactional machines.

THE POWER OF CLOUD

Cloud accounting and software-as-a-service (SaaS) applications and the capacity to get to monetary information from internet empowered gadget have led to virtualization being the new standard.

The developing environment of uses that incorporates accounting platforms has likewise demonstrated to be proficient by interfacing and streamlining back-office forms for a wide scope of organizations and ventures.

The development of cloud computing is revolutionary in itself with accounting firms utilizing the intensity of cloud computing for the majority of their accounting needs. Increasingly accounting firms are utilizing programming and administrations that are put away on an immense system of remote servers rather than on PCs.

Most of driving cloud arrangements firms are putting forth upgraded security, quality control, and information recuperation choices as software-as-a-service (SaaS) applications empowering the accounting firms to get to money related information from any Internet-empowered gadgets.

OUTSOURCING

One of the greatest patterns in accounting is outsourcing fund and accounting administrations. Outsourcing accounting administrations can enable organizations to chop down expenses, and furthermore lessen the danger of misrepresentation and give access to the administrations of devoted experts in the field.

Outsourcing accounting above all empowers organizations to center around their essential business as opposed to building an accounting office. Furthermore, outsourcing offers a number of benefits like providing access to a group of specialists in accounting, access to top frameworks, sufficient opportunity to concentrate on development and extension of the business, unlimited authority over business accounts, etc.

COLLABORATIVE ACCOUNTING

Collaborative accounting is the eventual fate of accounting. It doesn’t really happen just among customers and CPAs, it applies to plenty of services which are accessible today. Thus it is not just in the software and technological advancements that accounting has seen a trend but also in the sphere of working in collaboration with the clients.

MILLENIAL CLIENT EXPERIENCE

Accountants will have to manage a simply new program of customers who incline toward more straightforwardness, liveliness, and a customized methodology as the coming decade is the time of the twenty to thirty-year-olds as entrepreneurs and bookkeepers should move past customary accounting techniques and methodologies. These customers request legitimate direction as well as anticipate that accounting firms should be paperless and innovation smart that is conceivable with the cloud switch.

DIY SOFTWARE

The accounting and assessment programming firms would dispatch different applications and arrangements as Quick Books Assistance in 2019 and would improve the customer interface, particularly for little and medium estimated ventures. One of the accounting patterns that will rule in 2019 is the acknowledgment of DIY programming by the accounting club for example, facilitated Quick Books programming, and other independently employed applications.

FIXED PRICING

With computerization getting to be ordinary, the idea of hourly charging will be a relic of past times and most business firms would change to a fixed evaluating model that would profit bookkeepers and customers as it would underscore the estimation of administrations being given by firms. For providing advisory services fixed evaluating model would be progressively favorable.

SOCIAL MEDIA STRATEGY

Utilizing social media for accounting is additionally picking up fame this year as entrepreneurs are ending up increasingly dynamic via web-based networking media. Most organizations utilize social media to make a presence for their business on the web and contact a more extensive group of spectators. This pattern in accounting isn’t only advantageous for accounting firms yet additionally for the customers who can accumulate data themselves, which gives clearness with regards to picking the services given by an accounting firm. There are numerous advantages of utilizing online life for accounting, they incorporate no expense on utilization, and they facilitate the expanded business presentation and permeability, expanded site traffic, giving knowledge in areas of accounting expertise, speaking with a large number of individuals.

PROACTIVE ACCOUNTING

Accounting capacity, for the most part, used to be responsive in nature, e.g., it records and records for exchanges that are past. This is evolving now. Because of numerous variables, for example, advancing plans of action, guidelines, expanding job of bookkeeping in settling on business choices the 2019 pattern is for the bookkeeping capacity to play an increasingly proactive job in understanding the potential ramifications of any critical business activity, including assessment sway. This enables organizations to run proficiently, without spending critical assets to fix accounting blunders or to comprehend and represent new business activities.

MOBILE ACCOUNTING

With the rise of cloud computing, and predominance and adequacy of electronic documentation instead of customary paper-based vouchers, solicitations or receipts, accountants are currently progressively increasingly becoming mobile. They can work remotely and there are right now many group sharing instruments to upgrade remote work.

 

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Mistakes to Avoid While Filing ITR

Mistakes to Avoid While Filing ITR - Best Cloud Accounting Software Online

Every taxpayer is required to file an income tax return every year and is required to pick the fitting form for documenting of ITR. The pertinence of an ITR form relies upon the idea of pay and the status of the taxpayer. The form is filed with the income tax authority of India.

The income tax return reports all about the income, expenses, assets, and liabilities of the taxpayer. For the most part, a taxpayer takes the help of assessment specialists for recording income tax return yet on the off chance that a taxpayer isn’t taking the help of a specialist; at that point, he may finish up committing a few errors in expense form except if he is curious about with ideas of Income-charge.

These errors need to be avoided at all costs as they have the potential of landing you up in trouble with the income tax department. Therefore great care needs to be exercised in the filing of an income tax return. Despite the fact that these errors can be corrected by recording reexamined return yet one ought to be prepared to get noticed by the income tax department.

The most widely made errors which need to be avoided while filing an income tax return are-

FILING RETURN IN INCORRECT ITR FORM

The selection of the right ITR form is basic as the details have to be filled in the form and if the right form is not chosen then the disclosure of the income will not be right. There will be underreporting or misreporting of the income which will in both cases lead to serious errors.

RECONCILE WITH FORM 26AS

Form 26AS reflects details of tax deducted (TDS) from your salary and installment of development expenses made or any discount got during the year. On the off chance that you discover any inconsistency in Form 26AS, at that point you ought to advise the equivalent to the tax deductor to get it corrected.

Since Dept. accommodates every one of the details in ITR documented by a citizen with the details reflecting in Form 26AS. The Dept. will prevent credit from claiming TDS asserted in ITR in the event that it is missing in Form 26AS. Further, if any passage is found in Form 26AS however isn’t accounted for in ITR, an assessment notice will be issued to you to clarify the explanation behind not detailing such a salary in ITR.

ERRORS IN INDIVIDUAL DETAILS

Consistently an enormous number of profits are rejected for incorrect individual details like name, financial balance number, IFSC code and address. This prompts delays in discounts. So please make sure to fill right close to home details.

NON REVELATION OF ABSOLVED SALARY

‘Exempted Income’ like the PPF (Public Provident Fund) intrigue, profits, LTCG (long haul capital increase) from values, development continues of protection strategies should be referenced in the different annexure of ITR. This will decrease superfluous income tax inquiries later.

NOT REPORTING ALL INCOME

While documenting ITR, you need to report all premium salaries whether you acquire interest from a bank or any gathering or you procure any benefit or gain by selling shares. It would be a major mix-up on the off chance that you don’t report all pay in expense forms and you accept that irrelevant or negligible pay aren’t required to be accounted for. Citizens should remember that citizens will get see whether they don’t report these trivial earnings.

The income tax department gets normal data from banks and money related establishments about your exchanges which are accommodated with your expense forms. On the off chance that some assessment has been deducted from your pay yet, you don’t report the relating pay in ITR, you may get a notice to clarify the purpose behind not announcing the said salary in ITR.

INABILITY TO REPRESENT MORE THAN ONE PROPERTY

Nowadays a considerable lot of us claim more than one property. These might act naturally involved or empty. Anyway according to the IT Act 1961, just a single property can be guaranteed as self-involved. The other property is burdened at feasible city rates in the wake of deducting 30% for duties and fixes.

DISPARITY IN TDS DETAILS

A considerable lot of us record returns without confirming Form AS26 credit of TDS (charge deducted at source) held with IT Department. On the off chance that your boss or any other individual who has deducted TDS does not store the equivalent with IT Department or neglects to make reference to your PAN Correctly, that sum won’t reflect in from AS26 prompting default. Consequently, watch that credit for TDS deducted has been referenced in Form AS 26. On the off chance that there is an issue make a convenient move to redress the equivalent.

INABILITY TO COVER ADVANCED REGULATORY OBLIGATION OR SELF EVALUATION CHARGE

A significant number of us have pay from sources where TDS isn’t material. The individual is required to ascertain the duty-risk and settle Advance regulatory obligation or self-appraisal charge before the conclusion of the budgetary year, ie, 31st March. The inability to do as such will pull in punishment of 1% every month from 01 April next money related year. On occasion individuals record returns without paying the material punishment.

CLUBBING OF INCOME FROM the PREVIOUS EMPLOYER

On the off chance that you have changed the employment during the Year, at that point remember to report the pay salary earned from past businesses. There are high shots that there would be a change in the assessment risk because of clubbing of pay from past bosses. Additionally, it would be conceivable that TDS may be deducted by the past manager. Accordingly, accommodate all subtleties and pay the right measure of charges before documenting of return.

NON REVELATION OF ALL BANK ACCOUNTS

The taxpayer is liable to disclose all the bank accounts held by him in the previous year. Non-revelation of any bank account also amounts to an error for which he can be held accountable.

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Top Accounting Software 2019 for Small Businesses and Startups

Best Accounting Software 2019

I can understand how to start it is to maintain all the records and take care of the accounts. Besides, if you are like me who took accounts class last time back in college only then, it will be harder to maintain accounts while starting a new business. Yes, a startup not only requires you to come up with new ideas and lots of hard work but also needs to take care of exhausting accounting tasks. This is the reason you need small business accounting software to take care of all your company’s accounting needs.

However, when you actually start exploring the world of accounting software’s, you find that the landscape is packed with options. There are a plethora of options available for your startup to integrate with its accounting system. But, in order to find the most efficient and effective, you should try the top accounting tools available right now in the market that will right fit into your budget and requirements.

Here are the top small business accounting software’s of 2019 you should know about –

Fesh Books

Fresh Books is one of the most effective and suitable accounting software available at an affordable price. In case you send recurring invoices to the customers require a time tracking system and run a subscription model, then it is the ideal choice for your company. This accounting software also lets you see the exact location your customer open the invoice so you can avoid the ‘never got the invoice’ excuses. The software also integrates with many other business applications and offer a single dashboard so you can handle all your accounting at a single place.

Wave

For those working as a freelancer or have a team of few people can make the most use of Wave. This accounting software offers almost all the requires functionalities free, including invoice generation and transaction-handling. While dealing with a few clients and a small group of employees, this software is ideal for handling all the accounting actions. The user interface is very intuitive and also comes with few additional options to make your accounting department less of hassle. All the data and records get synchronized Wave automatically without any problem.

Tally ERP 9

Tally ERP 9 is one of the most advanced accounting software in India that caters all your billing an accounting need. With the Tally’s accounting software, you can quickly create a large number of invoices/bills for your customers with multiple items and multiple tax rates. Besides, the software is much more than just invoice building software; it takes care of all the other billing and accounting actions. The software also offers options for the branch charges, reverse charge scenarios, advance receipts, and export invoices. If you own a startup, you can make the use of its free service, but if you want more premium options, you need to purchase it.

Xero

Are you one of the entrepreneurs who like to handle their business on the go and are always on their toes for work? In that case, Zero is the best solution for your business to take care of all the accounting issues. The software allows you to create and send custom invoices to the clients on the go using a phone or tablet. Besides, you can get the financial performance reports straight to your device and seamlessly connect your bank account for the transactions. The company’s support service is there to help you with any of your concern, and they also offer some special discounts to their clients with premium services.

EasyGST

EasyGST is accounting software for small businesses offering all the options and accounting services a small business may require. The software comes with all required support you need to keep your billing cycle running with all the other accounting actions. Moreover, with these, you also get additional features to manage your business accounting functions like advance invoicing, tracking cash flow, monitoring the tax credit, and much more. The friendly user interface and smooth learning curve make it the first choice of the startups. Besides, Easy GST is available at a very affordable cost while offering all the premium level features to the startups.

Busy Accounting Software

When it comes to the accounting software, we can not forget the Busy software that offers everything you will ever need. The accounting software is equipped with all the latest technology to provide the best invoice generation experience while offering other unrivaled accounting options. The software is excellent for creating bills and invoices for the clients on a small level and also help in keeping a record of all your bank transactions. In case you don’t have enough funds for your accounting department and still want software capable of dealing with all the issues then Busy is the best choice for yours.

Zoho Books

Zoho is another small business accounting software in our list that you can integrate into any business application for hassle-free invoice generation and billing options. The software, Zoho lets you effortlessly generate GST invoices/billing with different multiple items and tax rate easily. Along with this, the accounting software also allows the small business to keep track of their financial transactions, including cash flow. The software automatically fetches all the financial data and keep updating itself to provide you the recent reports.

Kashoo

The perfect option for the small business to keep track of all the expense and create custom invoices. The software also provides insightful reports about the financial conditions of your business that you can share with your accountants. Besides, they can be integrated with the Stripe and Blue pay to accept the payments making via credit-cards.

One Up

If your business is more oriented towards the inventory and the prices the One Up is best for you and your company. This affordable accounting software helps the business owners in quickly updating the inventory details with the prices of them. One Up is double accounting software available at a very affordable price for the startups and also synchronizes with your bank and keep updates the entries.

GST Rates 2019 – New GST Rates Applicable From January-2019

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Top 10 GST Softwares In India You Should Know About

Top 10 GST Softwares In India You Should Know About - Best GST Software India - Cloud Accounting Software

In India, Which is one of the most diverse countries with a complicated infrastructure GST is the first technology driven tax regime. If you are looking for the best GST accounting software in India, then you have tended to the rig page, here we have jotted down the best GST ready software for small business and startups to tackle their GST confusion. Since the day of its Inception, GST has been an epidemic of confusion for the business owners in India. Moreover, after years debates, discussions, amendments the GST is the only tax regime that was implemented by the government, and every business needs to follow it.

Here we have handpicked top 10 GST software in India that can help you with the GST compliance and take care of billing & accounting.

1. EasyGST

Here is another flawless and great GST software available you can use for your business. The Software comes with all required options and features to keep your GST billing cycle running. Moreover, with the software you get additional features to manage your business accounting actions like advance invoicing, tracking cash flow, monitoring the tax credit. Due to its friendly user interface and plenty of accessible features, EasyGST is counted among the best GST software in India.

Best GST Software India - Top 10 GST Softwares In India You Should Know About - Cloud Accounting Software

2. Clear Tax

If you wish to secure your billing data and don’t trust thee adware storage then, Clear Tax is for you. It is a cloud-based GST accounting software with internet connectivity for the users. You can easily create GST based bills and carry out accounting operations offline, and the software will automatically sync your data with the cloud storage. The software is accessible via mobile, desktop or laptop which makes it is one of the best GST software in India.

3. Tally ERP 9

Tally ERP 9 is one of the most advanced GST software in India that caters all your billing an accounting needs. With the Tally’s GST software you can easily create GST invoices/bills for your customers with multiple items and multiple tax rates. Besides, Tally ERP 9 is much more than just GST invoice building software; it takes care of all the other billing and accounting actions. The software also takes care of the branch charges, reverse charge scenarios, advance receipts and export invoices.

4. Quickbooks

Quickbooks is quite popular in India and considered as one of the best GST software to handle your business account. The software comes with a user-friendly interface that everyone can understand and access easily. Creating and sharing GST invoices can be done effortlessly in the software, and it also allows you to monitor tax credit so you can save money for your business. The company has released an online GST ready version for the small business that is customized according to their billing needs in requirements. The flexible GST software not only helps the businesses to create GST invoices but enables to track cash flow, expenses, and not categorized their income or expenses with a dedicated feature.

5. MARG GST

MARG ERP 9+ is one of the best GST software you can use for your business at an affordable price. Besides, the user interface of the software is convenient for beginners. The software also allows the users to convert the bill into various formats and provides the option to send them via links. The email option adds a hassle-free way to share the bills with customers.

6. Busy Accounting Software

Whether you own a micros, small or medium business, Busy Accounting Software got it all. It is one of the best GST ready software for generating advance invoices and managing the business accounts. The user interface of the software is intuitive, and you can quickly generate invoices with customized options. Moreover, you can easily manage your accounts, finance, credits along with VAT and CST reports.

7. Zoho Books

It is another GST ready software in our list that you can integrate to your business for hassle-free invoice generation. The software lets you effortlessly generate GST invoices with different tax rates and multiple items quickly. Along with this, it is very convenient to keep track of all your account details including cash flow, and monthly expenses.

8. Reach GST

Reac GST is an ideal software of the SME’s to deal with their billing actions depending actions. The software comes with the functionality of multiple user-handling profiles for the business. You can generate GST invoices and can also share with them with the users via mail easily.

9. GEN -GST

If you are still in favor of offline GST ready software, the GEN-GST is specially designed for you and your business. The software allows users to prepare GST returns for consumers without accounting. Besides the software can also extract data from any software, the software works without any internet.

10. Sai GST

Sai GST may be listed last on this list, but it is not the least, the software is explicitly designed for CA and businesses who want to manage their GST returns. The accounting software works online and automatically synchronize all the bills and details between the suppliers and vendors.

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10 Best Invoicing and Billing System in 2019

In today’s era number of companies are migrating to a billing & invoicing software to automate their business. But they all struggle to find the right solution which fit their business requirements. Hence, to help you make the correct decision, here we present the list of top ten billing & invoicing software for SMBs.

Freshbooks

freshbooks

Freshbooks has 5 million active users around the world. It is perfect for small businesses who deal with more complex tasks of invoicing. You can easily integrate Freshbooks with your business. You can also customize and automate invoices as per your business demands. Its mobile app allows you to keep track of payment. Thus, you want a powerful, easy and simple invoicing solution than Freshbooks is your pick.

Quickbooks

Quickbooks

Quickbooks is speedy, accurate and perfect for start-ups and small business. It can manage, store, and edit the huge amount of client, vendor, and employee information at a centralized repository. It is also available via an online version. It can definitely give a boost to your workflow and help you make informed business decisions.

Zoho Invoice

Zoho Invoice

Zoho Invoice is completely a web-based billing & invoicing software that can increase your business with the power of automated invoicing. This ultimate solution will make your billing and invoicing simple by creating invoices easily and providing faster payments.

Tally

Tally

Tally is considered to be one of the best billing & invoicing solutions for business around the globe. It’s a secured product with enhanced features that boost integration and workplace collaboration for improved outcome. It requires minimum maintenance and has vital features such as quotations, estimates, budgeting, taxation management, and financial accounting all of this together makes it a holistic vehicle for your billing and invoicing function.

Easy Accountax

Easy GST

Easy Accountax comes with a wide range of impressive features that offers highly scalable and customizable accounting function for any business organization. It is cloud-based automated accounting software that comprises of varied time tracking, project management, easy workflow, GST-ready and expense management tools. It lets you forecast financial budgets due to which you can make better decisions for your organization. A boon for SMB’s, this software is definitely a one-stop solution for all your accounting needs in today’s competitive business arena.

Wave

wave

A combination of invoicing, receipt scanning, and accounting, Wave is an easy automated accounting software with a simple dashboard to control everything from a single screen. You don’t need to spend anything in order to use this software. With Wave, you can send automated invoices, track income & expense, maintain your ledgers balance.

Xero

Xero

With Xero, you can generate a creative invoice. It’s completely a secured platform so there is no chance of any data loss as everything is saved on the cloud and backed up using servers. Thus you can smoothly track your financial books within no time. You can use Xero on a free trial basis.

ZipBooks

ZipBooks

Zipbooksis a web-based invoicing solution which seamlessly integrates with other tools like Chrome, Slack, Google Maps, Astra etc. Majorly used by small businesses, contractors and freelancers, it enhances their productivity while providing quick payments and easy operations. Just like any other enterprise level invoicing software it accepts payments through credit cards.

Brightpearl

Brightpearl

Brightpearl has multiple channels to support the smooth management of invoices, customer data, accounts, orders, as well as reports. It is based on a robust straight-forward approach in order to track incoming and outgoing transactions easily.

Sleek Bill

sleek-bill

Sleekbill is designed for all kinds of diverse businesses. It lets you create quick and detailed reports. You can perform backup/restore data, print/email invoices and also calculate GST. It is an easily customizable retail management system which seamlessly integrates with Magento, eBay, BigCommerce, Shopify, Amazon etc. to boost ease of business operations. This user-friendly and intuitive tool is available for free download hence a lifetime investment that gives you a high rate of return.

Bottom Line
The selection of the invoicing software completely depends on the workflow of your business. The above list is based on certain criteria like ratings of the tool, its technical support, availability of the software and its fees. So, before making any decision, make a wise choice of software that best fits your requirements to avoid loss of money or time. Give your sales a boost by moving from traditional systems to visionary billing and invoicing solutions.

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Top 5 Best Billing & Invoicing Software Vendors in India

gst billing invoices india
Sometimes it is impossible to make your customers enjoy paying their bills, but you can always make the payment process quick and simple for them. You can offer customers new payment channels like electronic payment channels and mobile payment networks. There are a number of products available to help you get a better handle on your billing and invoicing operations.

This software can track your sales or services rendered such as who was billed, the fees or charges applied, and when payment was received (or when it was supposed to be received but wasn’t). It also provides you with a data path to record all of that data in your other accounting and bookkeeping systems. In accounting terms, this workflow is an element of Accounts Receivable. There are smaller businesses which still maintains these kinds of records and prepare invoices using a spreadsheet or word processing application while some use specialized software apps that perform the task quicker, more easily, and with much less effort and the best part is, many of them are inexpensive or even free to use.

Zoho Invoice

Pros:

  • The Free version is available.
  • It has Robust billing functionality. zoho
  • You can use Project tracking features for hourly billing.
  • It has Strong documentation.

Cons:

  • It Lacks Zoho Inventory integration.

Bottom Line: It has a solid billing platform for small to midsize businesses (SMBs). It also integrates with much of the Zoho ecosystem making it even better.

FreshBooks

Pros:

  • It has an Exceptional user experience. 
  • It provides new team collaboration tools, estimates, and projects.
  • It can handle multiple businesses.
  • It has also got context-sensitive settings.Cons:
  • It does not record products.
  • Lacks in inventory tracking.
  • It does not consist of expansive customer records.

Bottom Line: The new FreshBooks is a refined, intuitive online accounting system. For freelancers and sole proprietors, it is the best choice. Though, it still lacks inventory tracking and a few other features from the preceding version.

QuickBooks

Pros:

  • It has an exceptional user interface and navigation. 
  • It can easily track expenses and income.
  • Has automatic mileage tracking.
  • You can assign business transactions to Schedule C categories.
  • It can also Estimate quarterly income taxes and OCR capability.

Cons:

  • Lacks direct integration with e-commerce sites.
  • It does not record data, time tracking, project tracking, or recurring transactions.
  • Invoices not customizable or thorough.
  • No estimates or sales tax.

Bottom Line: QuickBooks is a Self-Employed tool to make it a good fit for some freelancers and independent contractors, but others will miss standard features like time tracking, project tracking, and estimates.

Xero

Pros:

  • You can get detailed records and transaction forms. 
  • It can track inventory.
  • You can customize reports.
  • It has online Quotes.
  • A better smart list.
  • An exceptional online support.

Cons:

  • Payroll tax management is not available for all states.
  • It does not have a dedicated time tracking or project management.
  • Lacks in phone or chat support.

Bottom Line: Xero is an exceptionally great double-entry accounting app that excels at many of the basics a small business might need, such as records and transactions which support sales and purchases, payroll processing, and inventory management.

Easy GST

Pros:

  • Perfect for any business type like a start-up or, restaurants, NGO, or creative studios.
  • Leverages a white label solution on the cloud Easy GST
  • You can easily customize invoices, billings or reports
  • It Includes multi-currency feature
  • You can make a detailed contract or proposal.
  • Is GST enabled
  • You can find local accountants near-by easily

Cons:

  • The trial version is only for 7 days
  • UI/UX is little complicated
  • The Mobile app has limited feature constraints

Bottom Line: And Co is a solid invoicing tool aimed primarily at freelancers. It’s good for its target market, though it’ll have some inflexible limitations for those who need more features from their billing system.

Billing and invoicing software can manage your finance process easily. Businesses can use it to improve different financial processes to make them more efficient.