Accounting and Billing Software functionality on the GST Portal is

softwarebuck April 25, 2021 0 Comments



Top 5 Self-employed Accounting Software


These best accounting software for self employed make it painless to run yourbusiness as well as handle the accounting part for you. This allows you tospend most of your time doing what you love. Since you’re the one clientsexpect to handle and complete their projects in a timely fashion, you reallydo not want to get distracted by other operations. Having effective accountingsoftware for self employed in place simplifies the entire billing processes.FreshBooks offers a variety of ways to manage books as well as bill yourclients. It completely melts away the tedious processes of collecting paymentsor developing invoices manually. Simply put, these software saves you heaps oftime, allow you to view financial reports, develop professional invoices andtracks pending invoices or expenses. Importantly, you’ll not waste timebadging clients to make payments – it’s automatic!There are tons of reasons to invest in FreshBooks. It’s highly customizable,thus, can match the business’ requirements. It does accounting tasksquickly. Moreover, using FreshBooks is ridiculously simple. You can opt for atrial version, to get to know how it works.Try Freshbooks for Free >>>Pros * Capture expenses and bills easily * Track time * Generate comprehensive and easy-to-understand financial statements and reports * Develop recurring invoices automatically * Collaborate with your contractorsCons * Some features are unavailable on newer versions* * *

List of Top 12 Best Free Accounting Apps & Software


Product | Unique Selling Point | Pricing —|—|— Vyapar| Free GST billing app for accounting & invoicing | Its premium plans start at Rs 99 per month Wave Accounting Software | Free online accounting software for small businesse | It’s completely Free Zoho Invoice | GST invoicing software for mid-sized businesses | Standard at Rs2499, Professional at Rs 9,999 and Premium at Rs 19,999. Go GST Bill | Free GST billing software designed especially for Indian businesses |Go GST Bill’s one-year premium plan is available at Rs 999 per month. Sleek Bill | Online invoicing software for modern businesses in India | You can opt for its online or offline premium plan is available at Rs 1999/ year. ZipBooks Bookkeeping Software | Ensures accurate bookkeeping in three simple steps | Its premiumversion start at Rs 1000 per month. SlickPie | Online accounting software with easy-to-use interface | Its Pro plan starts at Rs 2800 onwards. Akaunting Software | Open source and free accounting software to track expenses with ease | It’s completely free to use CloudBooks | Free bookkeeping & invoice software for time tracking and expensemanagement | Pro for Rs 700 per month and Agency for Rs 1400 dollar per month. GnuCash | A powerful & flexible software to track bank accounts, income and expenses | Available for free Manager Accounting Software | It’s a fully-featured accounts softwaresupported by Windows, Mac, and Linux | All features are available for free CodeAchi Easysell | GST software, which includes sales, purchase and inventoryfunctions | It’s a free software for small businesses. Best Free GST Accounting SoftwareGST accounting software has become the need of the hour, as it helps SMBs andlarge enterprises manage their finances as per the latest guidelines. With asoftware to make bookkeeping and tax calculation tasks easier, businesses canfocus on offering the best to their customers.

2 of 12 Best Free Accounting Software: A Comprehensive Guide


> Free Online Accounting Software for Small BusinessesOperating the Wave Accounting Software is as easy as signing up on Google. Assoon as you sign up on Wave, you get unlimited features to manage yourfinances, capture receipts and get paid from your clients on time. You cansend unlimited invoices and estimates with your clients to ensure timelypayment with this free GST accounting software.Features * Helps automate income and expense tracking * Ensures record accuracy * Helps stay compliant with the latest GST rules * Easily sync transactions from online bank account * Promotes error-free bookkeepingPros: * It doesn’t save your bank account and password details, thus making data secure * Allows creating the perfect invoice for generating payment * This free GST software also helps manage bills, receipts, and vendors. Cons: * The software cannot be used to put money in or withdraw money from bank accounts * Its payroll feature is only available for the US and Canadian businesses. Pricing: It’s a completely free accounts software.

7 of 12 Best Free Accounting Software: A Comprehensive Guide


> Online accounting software with easy-to-use interface.SlickPie is a free accounting software which is helping many SMBs manage theirfinances efficiently. With its free version, you can manage 10 differentaccounts on a single account and will also get the email support. Also, thereisn’t any limit to receipt entries.Craeting professional invoices is another benefit of SlickPie accountingsoftware free. You can create unlimited quotes and estimates and also get paidfrom your clients easily via PayPal.Features: * Set-up recurring invoices * Creates quotes and estimates * Provides live bank feeds * You can send online invoices * You can also track sales taxPros: * You can manage your business finances through any device * It provides bank-grade security to your financial data * Generates invoices for multi-currencyCons: * It doesn’t provide advanced built-in reporting featuresPricing: Its Pro plan starts at Rs 2800 onwards.

7 Best Free Cloud Based Accounting Software For Windows


Here is a list of best free cloud based accounting software for Windows. Allof these accounting software are basically online accounting services thatkeep all the data to their cloud or servers. Like any other online software orservice, you can access your data and information from anywhere.Through these software, you can manage various financial aspects of abusiness. Some of the important aspects that you can manage through them arebank accounts, sales, expenses, and revenue. To manage different financialaspects, each software offers a separate section such as Transactions,Accounts, Sales, etc. Through the Transaction section, you can updatetransaction details, credited amount, debited amount, amount of transaction,date of transaction, etc. Using the Accounts section, you can manage existingbank accounts, add new accounts, edit account type, and modify accountdescription. Through the Sales section, you can generate invoices, viewrevenue, track customers, view bills, and more. Besides these primarysections, you can also find a Report section in all software through which youcan generate reports like Profit & Loss, Expanse, Income, Balance Sheet, andmore. You can also save generated reports in formats like XML, CSV, TXT, etc.In some of these software, you can also add multiple users, manage employees’payroll, add product & services description, add product prices, etc. Gothrough the list to know more about these accounting software.

My Favorite Cloud Based Accounting Software For Windows:


Wave is my favorite software because it provides all the necessary features tomanage various accounting needs of a business. Plus, it can also be used tomanage the payroll of employees and find out the error in balance using itsReconciliation feature.You can also check out lists of best free Accounting, Portable Accounting, andOpen Source Bookkeeping software for Windows.

Who can use these free accounting software’s for gst in india ?


As per latest gst news a small business taxpayer who has turnover bellow 1.5crore can use this software and he can get it easily through GST PORTAL bythis simple process.

How to download free accounting software for small business taxpayer ?


steps to download software: 1. Firstly search on google – GSTPORTAL 2. Login by your user name and password. 3. After login go to Menu and open download tab 4. Then you will see three options -select accounting and billing software 5. After click you will get a pop-up message that the download functionality is available to the Micro, Small and Medium Enterprises (MSMEs) having turnover less than 1.5 crores. Do you have a turnover of less than 1.5 crores 6. click on yes button and You will see list of the vendor (free software provider) 7. finally, you will see above-listed software names, detail and download link. 8. go to download link -you will reach over the vendor (free software provider) there you are to register yourself by providing details. 9. At the last, you will get free software to choose as per your requirement free software which is like to use for there business accounting.General instruction by the source of GSTN network for free accounting softwareto use:

What is Accounting and Billing Software on the GST Portal?


Accounting and Billing Software download functionality is made available forthe Micro, Small and Medium Enterprises (MSMEs) having turnover less than Rs.1.5 crores. This software allows a taxpayer to run his daily business byproviding day to day billing and accounting features, along with the facilityfor return filing for their GST related compliances.The software would be available free of cost to eligible taxpayers till31.03.2021 or till the taxpayer’s annual turnover remains under Rs 1.5 Cr in afinancial year, after which the taxpayers may have to pay a fee to the vendor.It may be note that only certain basic features of the software would beprovided free. Some of the free features being made available by all thevendors are Sale/ Purchase/ Cash ledger, Inventory management, Supplier/Customer Masters, Generation of Invoices, Preparation of GST Returns, etc.For using features other than free features listed or using the softwarebeyond the initial free period, the taxpayer may visit respective vendorproduct site to ascertain fee payable, if any.

Who can download Accounting and Billing Software on the GST Portal?


Accounting and Billing Software download functionality is made available forthe Micro, Small and Medium Enterprises (MSMEs) having turnover less than Rs.1.5 crores.

From where can I download Accounting and Billing Software on the GST


Portal?To download the accounting and billing software on the GST Portal, login tothe GST Portal with valid credentials. Navigate to Downloads > Accounting andBilling Software option.

“Accounting and Billing Software” functionality on the GST Portal is


available to which all type of taxpayers and in which States/uts?“Accounting and Billing Software” functionality is only available to activeNormal (Regular), taxpayers who have opted for composition scheme and SEZDeveloper/ SEZ Unit who are registered on the GST Portal, having turnover lessthan Rs. 1.5 crores in a financial year. The functionality is available to thetaxpayers for all States/ uts.

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