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Ways to Choose the Best Accounting Management Software

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Accounting management software is a very useful tool for all small and large enterprise and it is used to manage and process financial data. Accounting management software are able to do certain things automatically like recording accounting data, measuring indicators, creating invoice, doing bill to bill payment, etc. But in the market, there are hundreds of accounting management software and this may make a user confuse which one to buy while going for purchasing it. But you should keep in mind that you should only buy that accounting management software which have all the essential features. So, before purchasing an accounting management software you should first know about the important features of account software . Let’s check about its vital features. Features of Best Accounting Management Software Accounting: One of the most essential feature of every cheap accounting software is that it should be able to do accounting automatically.  It should be abl...

How To record transactions Under GST

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Since Good and Service Taxes or GST came into existence with the agenda ' One Nation One Tax', business owners have faced confusions and challenges in the realm of transaction and keeping the records of financial details. Whether it is a small business or a large one, every business have to keep the details of each business  transaction. You have to record each sales invoice and purchase invoice systematically. And under the GST, one has to  submit the summary of sales and purchases along with tax due and input tax credit on monthly basis to the Government. The process of keeping these records manually a cumbersome and  required doubling of the efforts bu, thanks to the bookkeeping software , one doesn't have to worry about recording the details of all the transactions one has made. With the best bookkeeping software , you can easily accomplish the the data that required in respect of sales, purchases, tax due and input tax credit for the purpose of e-file your GST retu...

Best Invoice Software for Small Enterprise Business

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Every small enterprise business requires an up-to-date invoice software in order to manage the money that are moving in and out of the account of the enterprise. Every business needs to perform many accounting tasks like drafting, billing, sending and processing invoices, etc. which is very crucial for each and every business and these essential tasks needs to be performed without committing any mistakes. That is why in every enterprise these types of accounting tasks are carried out by seniors or who are expert in the accounting. Thus, an up-to-date invoice software can remove the work pressure of the senior employees of an enterprise who can then engage in some other important works. There are hundreds of invoices software available in the market. So, it is seen that most of the people gets confused which one to buy for their company. But you should only go for that invoice software which provides the best features. Let’s now learn about some features of invoice software that ...

Online Inventory Management Software

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With growing requirement of effective supply chain management, small to large businesses are becoming increasingly dependent on strategically locating their warehouses. Businesses prefer to keep their warehouses under strict supervision and spend substantially on manpower and inventory management. Despite the efforts, there are instances of mismanagement due to human negligence or wrong practices and processes. The probability of these mishaps multiply in case a business has multiple warehouses located geographically apart. Coordination between the warehouses and keeping all the information aligned becomes vital. To get expert help on choosing the best Online GST Compliant Inventory ManagementSoftware for your business visit https://alignbooks.com There are several factors which affect an organization operating through multi-location warehouses. The one having the highest impact is human interface between the warehouses. The supervisors or managers rarely meet and...

Concerns of SME Sector

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1.  Lower threshold to expand SME Coverage under GST a)   The threshold limits under GST regime, is fixed at Rs.20 lacs (Rs. 10 lacs in case of specified states except J& K), above, is likely to bring a large chunk of SME Sector under GST because: ·Present exemption limit of 150 lakh under central excise is reduced to 20 lakhs under GST (however there is relief as well because in service tax exemption limit was 10 lacs in most of states the VAT registration threshold was between Rs. 5-10 lacs): Presently, a tax payer having business across different states in India, is entitled to the benefit of threshold limit in each State. Under GST, in such cases, the threshold limit would be available on an all India basis; and Compulsory Registration irrespective of threshold limit for large number of specified tax payers in following circumstances, would result in substantially higher registrations. b) Compared to the threshold exemption scheme presently prevalent w...

TRANSPORTATION OF GOODS UNDER GST

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Please Wait .. Please Wait .. Transportation has very important role in business and the development of a country. Transportation of goods has a vital part in development of a business. Availability of raw material, packing material and plant and machinery from different part of the world and making the finished goods available to the customer in different part of the world depends upon the transportation system. Goods become cheaper and expensive depending on the transportation cost. The government has given separate rates of transportation of goods through different modes of transportation under GST. Transportation of some of the goods have been kept out of the ambit of GST. Goods are transported by using following means of transportation: - ·          By Air ·          By Water ·          By Road a.       Rail b.  ...