GST Compliant Accounting Software

The Goods and Services Tax (GST) laws implemented in India on July 1, 2017 are aimed at providing a single-tax regime. It provides a 4-tier tax-rate structure for goods & services sold or consumed in the country. In order to adapt to the tax reforms, the businesses in India need to upgrade to an online GST ready accounting software.

Who Needs a GST Accounting Software

The Goods and Services Tax (GST) laws implemented in India on July 1, 2017 are aimed at providing a single-tax regime. It provides a 4-tier tax-rate structure for goods & services sold or consumed in the country. In order to adapt to the tax reforms, the businesses in India need to upgrade to an online GST ready accounting software.

What A GST ready Accounting Software Can Do For Your Small Business

Anyone with the basic knowledge of computer can use intuitive One Accounting Software comfortably. It is cost-competitive & the best accounting software for small business in Singapore for maintaining their books. It is the right tool to keep a tab on the financial health of your business.

Prepare GST Compatible Professional Invoices

The software gives you an opportunity to streamline your invoicing process and bring it up-to-date with the new tax regime. With it, the business owners can easily prepare GST compatible invoices giving detailed information about the suppliers, purchasers, and the tax charged.

One accounting software goes a step ahead and enables them to create customized invoices adorned with chosen company logo, images, and fonts. Eye-catching invoices works great as a branding device for the small businesses.

Setting Your Business’ Account

The GST accounting software is easy to use. It makes setting of your business’ account easy by allowing to enter GSTIN number, username, and starting date. Setting of an appropriate starting date eases recording and compiling of all business transactions. In turn, it simplifies the tax calculations. It takes the stress out of monthly or annual filing of GST.

Record & Maintain Accounting Records as Per GST Rules

Upgrading your system to the web-based One accounting software will be the right move for your business. It will ensure better compliance and streamlined in-house accounting processes. The software facilitates recording of every financial transaction of your business. You can access them by connecting to the central data repository at any time and from anywhere using devices connected to the internet.

GST Report for Filing Before Due Date

Later on, it uses this data to prepare various financial statements and reports like GST Report. The detailed GST Report makes filing of the GST or claiming refund a simple affair than it would be if it is done manually. After reconciling the business’ transactions you are free to file GSTR1, GSTR2, GSTR3, GSTR4, & GSTR9.

Features

OneAccounting is a dependable and rugged software that provides useful features. Following are a few features that you should know about which will help in the search of the best business accounting solution.

Sales and Purchase Management

Inventory Management

Budgets

Multi-Currency Transactions

i

Automate Recurring Transactions

Reconcile Business Accounts

b

Customer & Vendor List Management

Create Multiple Roles & Manage Multiple-Users

Smart Dashboard for Making Data-Driven Decisions

One Accounting Software is of great use to the small business owners who struggles with the accounting. Using it, they can easily collaborate with their accountants, access the same flies, and sort out the problems before they become too complex. Investing in this GST ready accounting software is a sure way of staying compliant.

For more information, call us +65-6536 0036 or email us at info@sbsgroup.com.sg