E-invoice New API Specification has been released today in line with the updated e-Invoice standard fields released early Feb 2020.
Automate Invoicing
Create Purchase Orders
Track Expenses
Manage Inventory Tracking
Untangle Your GST
ACCOUNTING
ACCOUNTING
Ready to use GST Billing & Accounting ERP Solution with Mobile Support
FILE YOUR TAX RETURNS WITH GST COMPLIANCE
TRACK YOUR BUSINESS
USE ANYWHERE FROM ANY DEVICE
Vyapari
An Accounting Tool For Business Community
Vyapari is an easy-to-use accounting software that facilities recording and processing of your sales, inventory and accounting transactions. From your invoices and purchase orders to inventory and receipts, this platform helps you manage your business processes and provide all error free accurate timely data to your CA for timely GST Returns filing.
VYAPARI ‘S FEATURES
The Process of defining customers and suppliers is quite robust and captures all the fields as required by the GSTN, example, GST number ,PAN number etc.
In the Logo ERP Software, we have mapped all states along with the applicable tax structures to enable an automated transaction with the right tax slabs.
Built in simpler version for users on their smartphone in online and offline mode while having much more power working from their PC at home or shop.
The Solution offers 100% security by means of secured logins , user access rights and required security protocol.
The System enables the users to pick up sales order and trigger a dispatch of goods as appropriate and finally enables generation of online sales invoice.
The Process of purchase order creation is kept very simple and most of the required data fields like PO no, quantity, shipment details can be seamlessly captured using the right click functionality.
System allows creation of service invoice to key in expenses to maintain services costs for services like transportation, loading, unloading etc.
Easily create and track Inventory data with product description, HSN code, product code etc. which are required as per GST law can be captured.
ABOUT US
IRIS Business Services Limited is a leading structured data solutions company with global presence in regulatory and compliance reporting software. The firm is uniquely positioned with offerings across the spectrum of creation, management and use of structured data for business and financial reporting.
IRIS is headquartered in Mumbai, India and has subsidiaries in USA, Singapore and Italy and an affiliate firm in the UAE.
IRIS GST is a business line of IRIS Business Services Limited which believes that the implementation of GST will create a digital divide between businesses that seize the mandate as an opportunity and those who do not. IRIS GST has been associated with the GSTN ecosystem since its inception and is aligned with India Stack APIs – a set of APIs that allows governments, businesses, start-ups and developers, to utilize a unique digital Infrastructure to solve India’s persistent problems and move towards presence-less, paperless, and cashless service delivery.
Logo Infosoft, established in India in 2016, helps organisations, especially SMEs, improve their core operations through innovative use of technology.
The parent company Logo, is Largest ISV from South Eastern Europe. Launched in 1984 in the business world to develop business application software products for personal computers, Logo has become a global high-tech group of companies, focused on improving business processes through information technology.
Logo has worldwide presence in the field of business applications with over 2,00,000 customers globally. Click here to read further on the corporate history.
With increasing momentum towards a Digital India, and the transition to the Goods and Services Tax(GST) regime, organisations and their distribution networks demand a scalable technology backbone which they can trust, and Logo brings in decades of experience to accelerate operational efficiency which meet the regulatory and compliance needs.
Logo is one of the very few companies globally with proven ability handling more than 130 million e-Invoices annually. These make Logo a unique choice for enterprises who are looking for technology to support automation and GST readiness.
Logo’s solutions offer a customizable and mutually complementary product family. Among these solutions are products and services such as corporate resource management specially designed by various sizes, sectoral solutions, supply and demand chain automation, business processes design consultancy, and business intelligence solutions.
Vyapari – GST Compliant ERP & App
Logo has invested good amount of time in studying the Indian market, understanding the Indian business rules and financial regulation and hence come up with the product that is sufficiently localized to this market.
Logo Vyapari App & ERP does come with 100% compliance on the GSTN. ALL inward and outward processes including purchase order, sales invoices, material dispatches and all financial transaction are performed under strict compliance to the GSTN. The System allows generation of the statutory tax filing reports as prescribed by GSTN. The system also helps generation of the recommended GSTR series of reports.
VYAPARI FUNCTIONALITIES
GSTN has recommended Basic features expected from billing and accounting software’s for SMEs. Here is a comparison of the basic and advanced features available in Vyapari In collaboration with GSTN, the single user access is being provided free for the first two fiscal years for micro SMEs.
* Industries Below 1.5 crore turnover
| Sl. No. | Features/Functionalities | Basic Features | Advance Features |
|---|---|---|---|
| General Features | |||
| 1 | Number of Users | 1 User | Multi – User |
| 2 | Language | English | Multi – Lingual |
| 3 | Currency | INR | INR |
| 4 | Warehouse | 1 warehouse | Multi – Warehouse |
| 5 | Invoice printing | Yes | Yes |
| 6 | Pre loaded HSN/SAC Codes, GST Slabs, Country, State, City | Yes | Yes |
| 7 | Export reports into Excel/PDF or any other formats | Yes | Yes |
| 8 | Master data import through Excel templates includes COA, products/services , purchase/sales prices and customer/supplier | No | Yes |
| 9 | Document Sequencing | Yes | Yes |
| 10 | Report Email Scheduling | No | Yes |
| 11 | Assignment of CA to Company and Company to CA | No | Yes |
| 12 | CA can view all companies under him from 1 window | No | Yes |
| 13 | AR/AP master fetching from GSTN portal | No | Yes |
| 14 | Date Freezing | No | Yes |
| 15 | E-way Bill | No | Yes |
| Purchase/Sales Module | |||
| 16 | Supplier/Customer master creation including GSTIN, Address and Contact information | Yes | Yes |
| 17 | Generation of Purchase/Sales invoice either by Supplier/Customer or Cash and Carry | Yes | Yes |
| 18 | Add Customer While Billing | No | Yes |
| 19 | Automated calculation of GST | Yes | Yes |
| 20 | Search Purchase/Sales :By supplier/customer, date and Invoice number | Yes | Yes |
| 21 | Cancelling/ Voiding : Sales Bill can be cancelled any time before submission | Yes | Yes |
| 22 | Approval of Purchase/Sales invoices from draft status | Yes | Yes |
| 23 | Payment/Collection against Purchase/Sales Invoices | Yes | Yes |
| 24 | Linking of Supplier Invoice with Purchase Invoice | Yes | Yes |
| 25 | Credit note/Debit note | Yes | Yes |
| 26 | Sales Campaign | No | Yes |
| 27 | AR/AP wise Purchase/Sale price | No | Yes |
| 28 | Total Purchase/Sales report | Yes | Yes |
| 29 | Daily Purchase/Sales report | Yes | Yes |
| 30 | Party Outstanding report | Yes | Yes |
| 31 | Return History Report | Yes | Yes |
| 32 | Discount Report | No | Yes |
| 33 | AR/AP wise Purchase/Sale report | Yes | Yes |
| 34 | Purchase Import (Out of India) | No | Yes |
| 35 | Export Sales (Out of India) | No | Yes |
| 36 | Display Last 10 Deals at time of Purchase | No | Yes |
| Material Module | |||
| 37 | Creation of Products/Services with details including Description, Unit set, HSN/SAC, GST, CESS, Price, Barcode | Yes | Yes |
| 38 | Pre Defined Units of Measure | Yes | Yes |
| 39 | Product (SKU) Search :: Search SKU by Short Code or by Description | Yes | Yes |
| 40 | Automated inventory update on basis of Purchase/Sales | Yes | Yes |
| 41 | Stock Adjustment (Surplus/Deficit) | No | Yes |
| 42 | Bulk Barcode Assignment to product | No | Yes |
| 43 | Quick Production (Lean Manufacturing) | No | Yes |
| 44 | Cost distribution slip | No | Yes |
| 45 | Inventory Report | Yes | Yes |
| 46 | Material Value report | No | Yes |
| 47 | Inventory Ageing Report | No | Yes |
| 48 | Cost Report | No | Yes |
| General Ledger and Finance | Yes | ||
| 49 | Chart of Account | Yes | Yes |
| 50 | GL connection groups and code | Yes | Yes |
| 51 | Automatic Journal Voucher posting | Yes | Yes |
| 52 | Manually posting of adjustment journal voucher | Yes | Yes |
| 53 | Monthly Trial Balance | Yes | Yes |
| 54 | General(total) Trial Balance | Yes | Yes |
| 55 | Journal and Ledger | Yes | Yes |
| 56 | Cash summary report | Yes | Yes |
| 57 | Balance sheet and Profit & Loss Statement | Yes | Yes |
| 58 | Amount Receivables/Payables report | Yes | Yes |
| 59 | Debt Ageing Report | No | Yes |
| 60 | Collection Analysis Report | No | Yes |
| 61 | Consolidated Financial Statement | No | Yes |
| 62 | TDS on Income Tax | No | Yes |
| 63 | Credit Limits | No | Yes |
| GST Filing | |||
| 64 | GSTR 1 | Yes | Yes |
| 65 | GSTR 3B | Yes | Yes |
| 66 | GSTR 4 | Yes | Yes |
| 67 | GSTR Reports can be exported in excel | Yes | Yes |
| 68 | Tax Paid Statement (Monthly, Quarterly, Annual) | No | Yes |
ZERO TENSION FOR GST COMPLIANCE
Vyapari – GST Compliant ERP & App
Logo has invested good amount of time in studying the Indian market, understanding the Indian business rules and financial regulation and hence come up with the product that is sufficiently localized to this market.
Logo Vyapari App & ERP does come with 100% compliance on the GSTN. ALL inward and outward processes including purchase order, sales invoices, material dispatches and all financial transaction are performed under strict compliance to the GSTN. The System allows generation of the statutory tax filing reports as prescribed by GSTN. The system also helps generation of the recommended GSTR series of reports.
EASY BILLING
The system enables the user to automate the overall sales order dispatch and invoice. It enables the users to pick up sales order and trigger a dispatch of goods as appropriate and finally enables generation of online sales invoice.
EASY REPORTS
This ERP comes loaded with a bunch of inbuilt reports across all business functions. On the financial side the system enables generation of a trial balance at the click of a button; and GSTN compatible reports.
EASY INTEGRATION
The Logo ERP software is designed on an open architecture platform which enables it seamlessly to integrate to other ERP, middleware and database. Data migration to and from logo to another ERP is seamless.
REVIEW
Vyapari reduces your workload of running a business under GST by using a GST compliant ERP application.
– Techulator.com Review
Vyapari helps SME and MSME to stay GST Compliance while keeping every stakeholder in loop about sales and purchase.
–India Study Channel Review .
TUTORIAL
AR AP Data Fetch
This video shows how to fetch AR/ AP Data from GSTIN Portal.
Vyapari Walkthrough
This video provides brief overview of Vyapari Solution. After watching this video one can have a fair idea about the architecture of Vyapari Solution.
IRIS GST Blogs
E-invoicing model has been adopted by many countries globally with varying implementation models. The Indian adoption consists of following components.
The GST Council in its last meeting pushed the e-invoicing mandate to 1st Oct 2020. Here are 5key areas which need to be strategized considering the overall impact of e-invoicing on current practices, cost and efforts.
As a concept, e-invoicing has many advantages to offer to all the participants – suppliers, recipients and the Government. It also opens up avenues to provide value-added solutions and services by using the highly standard, processable and recent invoice data.
Starting April 2020, the eInvoicing mechanism shall be made mandatory for certain category taxpayers, based on their aggregate turnover.
On 13th Dec 2019, Government notified the e-invoicing rules, its applicability and date from when the notified rules will be effective. In all there were 5 notifications and a summary of notifications.
Clearing the fog about a major misconception surrounding the E-invoice generation, it is not mandatory for a taxpayer to generate E-invoice through the government’s tax portal.
This new invoicing system is expected to be rolled out on a voluntary basis from January 2020 onwards. More information on the implementation model and final formats are anticipated to be released in the coming weeks.
Get GST Ready
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