GST Compliant Accounting Software
Comprehensive Accounting Platform for Growing Businesses
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Key Features
General Ledger
The General Ledger (GL) is the financial core of any organization’s accounting system, giving you a 360-degree clear view of your organization’s financial health. The GL allows you to view your accounting data in different sub-ledgers, where not only can you record and analyze accounting data but also customize different balance sheet reports and dashboards. Here’s what you can do in GL:
- Bank Reconciliation
- Prepare Tax Reports
- Journal Entry and Posting
- Compare Multiple-Year Income Reports
- Check Financial Reports
- View Transactional Reports
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Financial Reporting
WrkPlan Financial Reporting provides a set of tools to help you gather, summarize, and analyze real-time financial and operational data. This will give you a clear understanding of your company’s financial health.
Our reports are designed to work as a communicative tool for both internal leaders and external stakeholders, to evaluate financial performance and make informed decisions. WrkPlan financial software offers you multiple pre-built reports with GST compliance and gives you easy insights into your revenue, profit margin, and other metrics.
You can compare multiple-year incomes with ease and customize reports that cater to your specific needs. WrkPlan Financial Reporting is the tool you need to make better-informed decisions and boost your company’s financial health.
Here are some key financial reports you can prepare using WrkPlan:- Income Statement
- Profit and Loss Statement
- Cash Flow Statement
- Monthly Balance Sheet
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Audit Trails and Security
WrkPlan Tax Management Software provides an audit trail feature which is mandated by the Ministry of Company Affairs in any GST-compliant accounting software. This feature enables you to track the history of a transaction from its beginning to its end, helping you maintain transparency and integrity of your financial data.
The audit trail records all entries and changes made to financial transactions, including the person making the changes and when they were made, to detect or prevent any fraudulent or unauthorized activity. Here are some common functions of the audit trail:
Compliance –
Using the Audit Trail feature, you can maintain business compliance by recording and allowing traceability of all financial transactions.Transparency –
With the Audit Trail feature, you can get clear visibility of your financial transactions, understand your financial position, identify any accounting errors, and take action.Fraud Prevention –
The Audit Trail enables you to easily detect any fraudulent activities by showing any unauthorized changes to financial data. This reduces financial risks and safeguards your accounts.
Additional Features
Multi-Branch Accounting
With our accounting solution, you can easily streamline your financial transactions across...Budgeting and Forecasting
Revolutionize the way you approach your finances with WrkPlan's Budgeting and Forecasting...Accounts Payable and Receivable
Optimize your accounts payable and receivable workflows with WrkPlan. You can easily...Bank Reconciliation
Simplify bank reconciliation with WrkPlan’s intuitive features. Automatically match bank transactions with...Invoicing
Simplify your invoicing process with WrkPlan Invoicing. Convent your sales order into...Order Management
Manage your sales and purchase orders in a less tiresome way. Turn...Documents
Organize and centralize your documents within a single location, and link them...Project Management
Efficiently handle all your contracted projects and reduce task times with WrkPlan....Purchase Vouchers
Seamlessly turn your purchase orders into vouchers (bills) and send them directly...Industries We Serve
Explore our integrated accounting software tailored for various sectors, including:
- Manufacturing
- IT Hardware
- Foods and Beverages
- Leather Goods
- Rubber Goods
- Electronics
- Textiles
- Retail
- Wholesalers
- E-Commerce
- Paper Goods
- Restaurant Chains
- Telecom
- Sports and Fitness
- Real Estate
Benefits of WrkPlan
Cloud ERP Accounting Software
WrkPlan Accounting ERP Software offers a wide range of dynamic tools to help businesses of all sizes and industries achieve their financial goals.
- Real-time Data Access
- Streamlined Financial Operations
- Increased Accounting Data Accuracy
- Improved Financial Management
- Enhanced Productivity
- Cost Savings
- Accurate Demand Forecasting
- AWS Cloud Security
- Personalized Financial Reporting
Real-Time Accounting Reports
Real-time accounting reports offer crucial insights into the financial health and performance of a business. Integrated with modules such as payroll, HRMS, inventory, and manufacturing, these reports provide a comprehensive overview of the company's operations. Below are key accounting reports with detailed explanations:
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Income Statement
Prepare and manage your income statement reports, and compare multiple-year income for more strategic decision-making, resource allocation, and goal setting.
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Balance Sheet
Get a clear snapshot of the total balance of money across different accounts for different types like assets, equities, and liabilities in your company.
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Cash Flow Statement
Cash flow reports highlight the inflow and outflow of cash. Direct the sources of your incoming cash flow and maintain consistency.
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Profit and Loss Statement
View a summary of revenues, expenses, and net profit or loss of your start-up over a period with the profit and loss statement report with the best business accounting software for small businesses.
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GST Report
Ensure your business stays up to date with the latest GST tax changes in India. With WrkPlan, you can effortlessly submit your GSTR 1, 3B, and 9 and stay compliant with ease.
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Bank Reconciliation Statement
Check your bank details and reconciliation statement, match the balances, and identify discrepancies to ensure accurate financial reporting and detect errors or fraud.
What’s Included
WrkPlan ERP Accounting Software seamlessly integrates core financial and operational processes into a single accounting system. With WrkPlan, you can streamline financial management, upgrade business performance, and increase financial health while reducing operational costs.
Here are some common features WrkPlan offers:
- General Ledger
Analyze and record accounting data in various sub-ledgers and customize balance sheet reports and dashboards.
- Accounts Payable
Prepare a detailed vendor list, and make timely or advance payments to suppliers, maintaining a healthy vendor relationship.
- Accounts Receivable
Track AR process in real-time and analyze receivable statuses with comprehensive and detailed insights on customers and invoices.
- Cash Management
Maximize your cash flows, keep tabs on accounts, and start making smart decisions with better insights.
- Financial Reporting
Gather, summarize, and analyze real-time financial and operational data to make smart decisions.
- Fixed Assets Management
Manage and track your depreciating and non-depreciating fixed assets, and get detailed insights over your asset lifecycle.
- Budgeting and Forecasting
Easily Predict market demands and forecast different market trends.
- Multi-Branch Accounting
Set up multiple branch accounts to share, and record financial transaction data from one single accounting platform.
- Bank Reconciliation
Generate banking statements, from reconciliation statements to cancel cheque statements, review your bank or cash details, and more.
- Tax Management
Manage your taxes from GST to VAT, general sales tax, and consumption tax accurately with real-time reports.
- Audit Trails and Security
Prevent fraudulent or unauthorized transactions by ensuring transparency and integrity of your financial data.
- E-Invoicing
Generate GST-compliant E-invoices with ease.
- E-Way Bills
Generate and record your E-way bills against your sales order.
- Debit/ Credit Notes
Record and view debit/credit notes against purchase or payment returns.
- Projects
Manage and keep track of financial projects along with all the paid and unpaid bills related to the projects.
- Tasks
Handle and manage various financial tasks flawlessly..
- Subcontractors
Keep records of subcontractors and manage their expenses to estimate the project budget in real-time.
- Expenses Management
Manage and track your business expenses, and generate real-time reports against them.
- TDS
Get full reports of Tax Deducted at Source (TDS)
- TCS
Get full reports of Tax Collected at Source (TCS
- Recurring expenses
Keep track of your recurring expenses every month to have a clear view of your costs.
- Customizable Invoice Templates
Use customizable invoice templates to get more visibility on your financial reports.
- QR Scanning
Enable QR scanning to quickly scan barcodes to identify items.
Get Your Business Organized with WrkPlan Accounting Solution
Join Us Today for Streamlined Accounting, Projecting, and GST Solutions and Transform Your Business.