List of Top 10 GST Accounting Software In India

In India, one of the most diverse countries with complex infrastructure, GST is the first technology-driven tax system. If you are looking for the best GST accounting software in India, Here we write down the best GST ready software for Small and Medium Business with GST disruptions. GST has been a mess of confusion for Indian business owners since its inception. In addition, after many years of debates, discussion and amendment, GST is the only tax system implemented by the government, and all companies need to follow it.

The best GST accounting software requires not only GST and tax reporting functions, but also smart accounting functions such as GST compliant invoicing and GST compliant inventory management.

Some of the popular top 10 GST Accounting Software In India Support GST compliance and take care of billing and accounting.

1) Tally ERP

Developed by Tally Solutions private limited. This is a comprehensive business management software. It provides easy-to-use accounting functions and helps you manage all the complex accounting operations of your business. Easy to learn and use, it is a one-stop solution for all your accounting needs.

Visit: https://tallysolutions.com

2) Cleartax

This is cloud-based GST accounting software that allows users to connect to the Internet. Easily create GST-based invoices and perform offline accounting. The software automatically synchronizes data with cloud storage. This software is one of the best GST software in India because it can be accessed from mobile, desktop or laptop.

Visit: https://cleartax.in

3) Zoho Books

Developed by Zoho Corporation Private Limited. They offer a 14-day free trial. Zoho Books is an online GST accounting software. Helps manage finances, automate business workflows, and collaborate across all departments. Support end-to-end accounting, maintain GST compliance, and provide an integrated platform.

Visit: https://www.zoho.com

4) QuickBooks

QuickBooks products are designed primarily for small businesses and provide on-premises accounting applications and cloud-based versions that accept business payments, invoice management and payments, and payroll Function.

Visit: https://quickbooks.intuit.com

5) Profit Books

This is an online accounting, inventory management and payroll application specially developed for SMB and early stage businesses. Developed by Profit Books Solution Private Limited. It also comes with productivity tools such as task management, notepad, internal messaging system and document management. Ideal for accountant startups, entrepreneurs and small businesses.

Visit: https://www.profitbooks.net

6) MARG ERP 9+

Developed by Marg Erp Limited. This is accounting and inventory software. This software can also be used to generate E-way invoices. There are a variety of task-specific software solutions that can be used for specific purposes, such as Invoice software and Inventory software. It has received many national awards for its competencies and is one of the premium software. You can also request a demo to get a brief explanation of how the software works. There are over 800 service support centers.

Visit: https://www.margcompusoft.com

7) Innoventry

Innoventry Software is a simple and easy to use Free GST software. Innoventry software is the best and smartest GST billing software to grow your business in India. Create professional invoices, track membership fees, and manage your account easily. If you need easy-to-use best GST software in pune, go to Innoventry. Designed by Indian companies. It has the simplest interface of all software available on the market. Most importantly, Innoventry is known to provide very quick and friendly support. Online and offline versions are available.

Visit: http://innoventry.in

8) EasyGST

There are other GST softwares that are perfect and good for business use. The software comes with all the options and features you need to continue your GST billing cycle. In addition, the software provides additional features for managing business accounting actions such as pre-billing, cash flow tracking, and tax credit monitoring. Due to its easy-to-use user interface and a wide range of accessible functions, "EasyGST" is counted among the best GST software in India.

Visit: https://www.easy-gst.in

9) Vyapar

Developed by Vyapar Tech Solutions. The best GST billing software for mobile and at the same time completely free. It can also be used for all other types of accounting services. It can also be used on the desktop.

Visit: https://vyaparapp.in

10) Book Keeper

The software provides services such as accounting, invoicing, inventory storage, filing, reporting, GST, VAT, and tax returns. It can be used not only by small business owners but also by large companies

Visit: https://bookkeeperapp.net

Best Inventory Management software | 2019

Inventory management can be a tedious task, especially if you have a large amount of inventory to take care of your business. In addition, if it is not done in the right way, it can lead to many problems and losses. The right kind of inventory management is key to the success of start-ups and established companies.

Recently, a large number of inventory management software can be used to automate and make the entire process more efficient. Using good inventory management software can be a big change for your company or business.

However, you should be careful when choosing software and look for things with interesting features to help streamline your inventory management process.

With this in mind, here is a list of the best inventory management software that can be very helpful to your business.

Top 5 Inventory Management software 2019

1) NetSuite ERP

NetSuite ERP inventory management tools, along with related financial management tasks, help streamline end-to-end supply chains. Oracle offers a cloud-based integration platform that acts as a one-stop solution, providing real-time detailed visibility into inventory management and putting your business on inventory.

With easy-to-use native tools and efficient features, this inventory management tool is gradually growing and widely used in many medium and large businesses.

2) Zoho

Zoho Inventory is standalone online inventory management software that helps companies track inventory levels and manage both online and offline orders across multiple channels.

Zoho features and options are suitable for retail or trading, but not for manufacturer settings. In addition, this affordable tool is suitable for small businesses.

3) ProfitBooks

If you are looking for the simplest inventory management software, ProfitBooks is easy. The first thing you will notice about this application is that it is very easy to use.

ProfitBooks is designed for companies that manufacture their products and sell them online on the Shopify platform. Ideal for manufacturers and wholesalers.

This application smartly integrates accounting within inventory management. So you can create purchase orders as well as track daily business expenses.

4) Innoventry

We at INNOVENTRY provide you with solutions to your varied problems from billing issues to inventory management and updating. But before venturing into this amazing gift of technology to modern-day business let us first understand the types of inventory management systems which can really make your business stand out from other contemporary businesses following almost the same business model or any other business as a matter of fact.  

If you are into any business then you need an effective inventory management system and INNOVENTORY can help innovate your inventory maintenance procedure in the most optimum manner. 

Innoventry Inventory Management Solution Most advanced and the best inventory management software in pune

5) inflowinventory

inflowinventory software tracks the flow of products in your business. From vendor purchase to cycle counting and invoicing. Sales, management, inventory replenishment, review in inFlow

There are several correct ways to sell a product. Therefore, we are helping to earn sales from anywhere. There is always a way to drive sales to the inflow, whether on the web, on the phone or in the field. We can't be satisfied until your order is complete, so we also support full pick, packing and shipping workflows. Inventory is an investment and requires dedicated inventory software to be managed efficiently. When you place an order, inventory is automatically reserved, and full bar code support via scanner or smartphone allows for quick inventory adjustment.

inFlow is inventory software and has many more functions.

Best GST Software in Pune

Once GST is launched in India, businesses that comply with GST rules will operate under various regulations. This means that regular submissions of financial records and audits are required. Choosing good GST software is important to your business because you don't change the software often. Good accounting software helps you save time and money lost when complying with GST law. All of these tasks can be a big headache if you own a medium-sized business. Innoventry software makes it easy to manage your financial records.

If you need easy-to-use best GST software in pune, go to Inventory. Complete accounting software fully compliant with GST law. Designed by its Indian or Indian companies. It has the simplest interface of all software available on the market. Most importantly, Inventory is known to provide very quick and friendly support. Online and offline versions are available. 

Price:

innoventry offers 4 simple pricing plans (Online Version: *GST Extra)

• Lite Plan: Rs. 200/Month
• Personal Plan: Rs. 500/Month
• Standard Plan: Rs. 700/Month 
• Premium Plan: Rs. 1000/Month 

innoventry offers 4 simple pricing plans (Desktop/Offline Version: *GST Extra)

• Lite Plan: Free
• Personal Plan: Rs 5000
• Standard Plan: Rs 7000
• Premium Plan: Rs 12000 

Key Advantages:

• Very simple interface
• GST invoicing through payment gateway integration
• Inventory management Features
• Multi-currency support
• Multi-user support
• Payroll processing
• Can be customized
• Online version available
• Low pricing

innoventry is a popular and widespread gst billing software in pune. innoventry has managed to get thousands of businesses on their platform.

Contact us today @+91-9284008573 to schedule a free demo.

Types of Inventory Management Systems

Are you thinking of organizing your business and adding a pro aspect of electronic or online management into it? Do you find it difficult to manually manage the inflow and outflow of resources and physical components of the business into that old ragged diary of yours? Is your business suffering from problems such as deadstock, high taxes, storage costs, and spoilage and space problems? All what you need is a good “Inventory Management” system.

Inventory management for a successful business is needed for at different levels and at almost all the branches of the business. Taking the example of a restaurant, inventory is required at different stages, starting from the purchase of raw material i.e. the cooking ingredients followed by the inventory of raw material used for various dishes to determine the usage of the raw material. Then we will require an inventory of the dishes made each day to determine the selling streak of each dish. Furthermore, if the restaurant has ventured into online delivery then the inventory of packing material used and required is also to be made. 

Therefore inventory management software is the most efficient way to organize and regulate business in a modern era of immense competition. In the above example of a restaurant, we could see how inventory management can help to determine the capital invested in a particular product or range of products and then to determine what profit we made with the products sold. Same can be the case with any other business relating to shoes, books, steel, clothes or any other commodity. INNOVENTRY adds up these features of inventory management and billing procedures to give your business the tools for deciding amazing business ideas and adding clients to your business with no discrepancy such as billing errors from your side.

We at INNOVENTRY provide you with solutions to your varied problems from billing issues to inventory management and updating. But before venturing into this amazing gift of technology to modern-day business let us first understand the types of inventory management systems which can really make your business stand out from other contemporary businesses following almost the same business model or any other business as a matter of fact.  

1) Raw Materials

Every business starts with raw materials; they are the base of any business. They consist of the materials your business uses to produce its own goods.

Inventory of raw materials is important as firstly, it gives you the description and idea about the raw materials present to forecast your production of finished products and secondly, you can manage and determine the capital invested. 

2) Work-In-Progress

Inventory of work in progress materials consists of the items from your raw materials that are put into the process of manufacturing them into the final furnished products. WIP inventory consists of 

• Necessary materials
• Parts (components)
• Assemblies
• Subassemblies

3) Finished Goods

Then after production is complete you would require an inventory of the products post production and ready to be marketed sold to your valued customers. For example if your factory produces waffles, the packets of finished waffles is considered as the finished good. 

4) Packing Materials

Most businesses need to pack a ship their finished products as seen in the above example that the restaurant for deliveries needs packing material. 

Although packing materials might not seem like a significant expense. But your business does use a large amount of these supplies every day. If you don’t keep tight control of this inventory, the cost will quickly add up.

5) Safety Stock

Safety stock is the amount of product you keep on hand that exceeds what your business needs to satisfy regular demand. With good monitoring, tracking, and control, you can allocate certain types of inventory to protect against supply-and-demand uncertainties, low delivery reliability, and poor-quality components. This type of inventory cushion is called safety stock (or buffer inventory).

6) MRO Goods

MRO stands for Maintenance, repair, and operating supplies goods—these are items put in place to maintain tasks in the production process. These contribute to be one of the major components in the production process although they are not directly a part of the finished product.

MRO goods depend upon the type of business you do. For examples MRO goods for factories include gloves, safety gear, machine spares etc. and for shops include packing materials, binding material etc. Even office supplies like staples, pens and pencils, copier paper, and toner—all of the little parts that keep the wheels turning—are considered MRO goods inventory.

7) Services

Crucial to business success, service inventory includes the monitoring and management of all other types of inventory in the production process. 

The principal product of many businesses is not always materialistic but there are businesses where the principal product they offer are the services they offer. For example, some businesses give services like housekeeping, marketing, recruitment etc. They too need to keep account of the services they provide.  

Also, businesses like insurance companies and automobile or appliance servicing companies need to be on their toes with their schedules and services they have to provide, service inventory helps in them.

Your business will be able to rest assured knowing the production process is on a continuum and that your employees will always be on hand when needed. Now that’s what you call service inventory!

8) Transportation

If your business is about the transport sector then this kind of inventory is for you. If your business involves transporting goods and materials from one location to other, this kind of inventory is a must for you. Merchandise shipped by truck or rail can sometimes take days (or even weeks) to go from a regional warehouse to your retail facility.

Inventory in transit must be accounted for when it comes to supply and demand, along with the timelines for those demands to be met.

If you are into any business then you need an effective inventory management system and INNOVENTORY can help innovate your inventory maintenance procedure in the most optimum manner.