What is Accounting Software? Definition,Features, Uses and Types

Accounting software is an essential tool that meticulously manages and records an organisation's daily financial transactions. These encompass various financial activities, including expense tracking, revenue recognition, accounts receivable, accounts payable, sub-ledger accounting, fixed asset management, comprehensive reporting and analytics. The software systematically tracks these transactions and ensures that an organisation's financial status, covering assets, liabilities, revenues, and expenses, is accurately maintained and up-to-date.

What is GST(Goods and Services Tax) in India? Complete Guide

The Goods and Services Tax (GST) in India is an all-encompassing, multi-level, destination-oriented tax implemented on the incremental value of goods and services throughout the supply chain. This tax system, which came into effect on July 1, 2017, following the 101st Amendment of the Indian Constitution, aimed to streamline the myriad of indirect taxes previously imposed by both central and state governments into a singular tax framework. The GST Council, led by the Union Finance Minister and including representatives from all states and union territories, oversees the GST regime, ensuring a cohesive tax structure across India.

What is an Invoice? Importance, usage and elements.

An invoice is an essential document issued by a vendor to a purchaser, marking an official plea for payment following a transaction that includes goods or services. This pivotal document outlines the buyer's financial responsibilities to the vendor for acquiring certain goods or services. Typically, it enumerates items like the quantity of goods sold, their price per unit, descriptions of services provided, the aggregate amount due, payment stipulations, and the contact information of both the vendor and the purchaser.

How to create a company?

The "Company Creation" screen is designed to allow users to enter and save the details required to create and set up a new company in the IntelligentGST and offers a user-friendly interface to create and manage company data. The data entered here will serve as the foundation for the company's identity within the software, affecting various modules like accounting, taxes, and contact information,