How to use GST Software Online?

Back in the 90s era, Anu had been running her startup business and managing different aspects of its marketing quite well. However, she always took a step back when it came to managing the accounts and tax for her startup. It was because of two main reasons – tax and accounting were a manual process back then, and required 100% accuracy, and because any slight mistake during the calculations could have hindered her business growth.  billing software for retail shop price

However, bygones are bygones. In today’s digital world, managing the business growth without taxes and accounting posing a hindrance is much easier with one unified solution i.e., GST software.

There’s no dearth of options for GST softwares in India, but picking up the one that meets your requirements and streamlines your business operations in the simplest manner isn’t easy. In this blog post, we majorly will cover – what is GST software, the list of features your GST software should have, how can you file GST using the software, and what makes Giddh your preferred choice.

What is GST Billing Software?

The sole purpose of GST Billing software is to ensure that organizations are able to keep up with the constant upgradations of GST rules in India. They must adhere to the new procedures and complete all the formalities properly in the right format to avoid penalties and compliance issues.

The right GST billing software like Giddh can help you manage your accounts, ledger, inventories, and multiple other financial operations. It saves you time and simplifies your accounting processes.

How to get GST software?

Exploring the list of all GST software providers isn’t complicated, but finalizing one name out of the lot is what is tougher. If you’re too confused about which software to pick, first determine your organization’s requirements, and then shortlist a few options.  Based on the software’s you shortlist, download their trial version from the internet, install, and check if they are meeting your requirements or not.

Benefits of GST Billing Software

Having a GST software like Giddh by your side, executing different accounting functions, and ensuring your business is GST compliant becomes easier. As per the Indian laws, any seller/dealer who’s registered under GST must file a return that includes GST on sales, purchases, etc. and this process can be streamlined by leveraging a GST billing software.

Other significant benefits that your GST software can provide include:

Accuracy – As manual bookkeeping can lead to multiple calculation errors, it’s best to use a dedicated software to minimize human errors. A single error can greatly impact the end balance and hence relying on machine-based tools/softwares’ is in your best bet. The information is always up-to-date within the software that saves time for critical business operations and improves the efficiency of the organization.

Speed – By using a Goods and Services Tax billing software, the organizations are able to process their accounts at a rapid pace as the software is bundled with different GST features which in a way keeps the businesses GST-compliant. Since the software is operational on computers/laptops, the processing speed automatically improves as computers are able to compute figures much faster than the human brain. Another significant benefit of using software is that you can customise it as per your requirements and easily automate similar processes to avoid manual labor.

Expenses – As the software streamlines most of the internal processes, it strengthens the delivery potential of each member and minimizes the overhead expenses. The implementation of the right software minimizes the payroll and administration costs and thus the balance amount can be used in proper maintenance of the software or purchase additional hardware.

Easy Data Filing – Business organizations can easily keep track of their financial data, inventories, calculate different taxes, and also generate bills and invoices following the guidelines of GST. The data is more secured and the process of filing complex data becomes simpler using the software.

Tax Filing – Equipped with a wide range of features, GST billing software makes the tax filing process look like a cakewalk. The software can calculate your return semi-automatically, ensuring that you don’t have to spend time and resources to chalk out relevant details manually.

Reporting – No business organization can thrive without proper reporting as these reports provide members access to crucial financial information whenever required and analyze business growth. The GST software comes equipped with built-in reporting modules that allow the employees to create such cash-flow reports easily. The software also makes it easier for you to generate GSTR 1, GSTR 3B return summaries, e way bill reports, etc.

Accessibility and Customization – Documents once uploaded into the GST software can be accessed from anywhere and anytime. It’s easier to cross-verify the data, track cash-flow, and perform real-time analysis of the payments. Further, the software can be easily customized as per your business requirements.