Time is money in today's competitive business world. If you own a small shop or an emerging company, your billing system is the hub of your business. And ever since the Goods and Services Tax (GST) was implemented in India, companies need to adhere to a specified format while creating GST easy bill and submitting returns. And that is where Easy Billing Software comes to your rescue.
What is easy GST Billing Software?
Easy Billing Software is a computer application that allows businesses to generate GST-compliant bills, track sales, calculate tax liabilities, and file GST returns with ease. It reduces the level of manual intervention in accounting and allows your business to comply with government standards and regulations without interruption.
Why Do Traditional Billing Systems Fail?
Manual billing comes in the form of manual invoices or simply plain Excel files, which might work for extremely small businesses. But when your client list increases and tax rules become complex, such rudimentary practices become hectic. The following are the downfall for traditional billing method:
- High chances of human errors in tax calculations and entry of data.
- No automatic GST updates, which results in non-compliance.
- Too much time is spent on manual invoices and payment reconciliation.
All these result in legal issues, damaged reputation, and lost business opportunities.
Benefits of using Easy GST Billing Software
Easy Invoice Creation
Create invoices quickly with current product details and GST rates. Even most GST easy bill software applications will enable you to save customer and product data, making duplicate invoices easy.
GST Made Easy
Easy Billing Software stays current with the latest GST rules and tax rates in real time, so your bills will always be GST compliant. It accurately calculates CGST, SGST, and IGST depending on the nature of the transaction.
Effortless Return Filing
In just a few clicks, you can e-file GSTR-1, GSTR-3B, and annual returns. Your return forms are automatically filled in with your bill information.
Inventory Management
There are a few Easy Billing Software like Eazybills that have built-in inventory tracking features. You can track inventory levels, provide low-stock notices, and automatically generate purchase orders with ease.
Financial Reporting and Analytics
With easy GST Billing Software, you can see sale, purchase, profit margin, tax liability, and other accounts. Knowing these will assist you make better strategic business decisions.
Secure Cloud Backup
Cloud bills contain automatic backup duplicates of your files. Even when you mess up your computer, your files are safe and can be accessed from remote locations.
Multi-device Access
Do you need to create an invoice on your phone when you are away from the office? No issue. All easy GST Billing Software are accessible on desktop, phone, or tablet.
Who Can Utilize easy GST Billing Software?
As a small new business or a large established business, easy billing software can ease your life. Here's how different industries are made easy:
- Retail Shops: Faster billing, real-time inventory information, and simplified returns.
- Wholesale Traders: Group billing and correct credit-debit note management.
- Service Providers: Auto-calculating service GST and time-based billing GST.
- Manufacturers: Integration of production data with invoicing and tax calculation.
Must have features in easy GST Billing Software
Making the right selection of GST easy bill software in the market can be overwhelming. The following are the features to watch out for:
- User-friendly interface
- GST return filing functionality
- Customizable invoice templates
- Multi-user, multi-location functionality
- Synchronization of real-time data
- Payment gateway and banking interfaces
- Customer support and training
A Small Investment, A Big Change
Most user-friendly GST billing software like Eazybills is surprisingly affordable. Most of them are available to try out for free, and most of those that cost money cost very little. Considering the time saved, effort saved, and errors avoided, it's a minimal investment with great returns.
Final Thoughts
With a day where digitalization is the way forward it's like holding on to the previous billing software and the old-fashioned typewriter during the cell phone era. With Easy Billing Software you not only streamline your day-to-day activity but also make it compliant, professional and cutting edge at all times.
Then wait no longer for tax penalty or invoicing chaos. Make the switch to superior easy GST Billing Software and watch your business grow at a rapid speed.
