Table of Contents
Introduction:
In the digital age of taxation, the Goods and Services Tax (GST) portal offers free Accounting and Billing Software to all the small business owners, whose turnover is less than 1.5 Crore in a financial year. These free accounting and billing software designed to streamline the record-keeping processes for GST-registered entities. In this article, we shall look into the features and benefits of the free accounting software available on the GST portal, empowering businesses to embrace efficiency without the burden of additional costs.
Section 1: What is free accounting and billing software offered by GST portal ?
GST portal has started offering free GST accounting and billing software to MSME’s /small traders and service providers with annual turnover of up to Rs 1.5 crore. This software would help businesses to create invoices and account statements, manage inventory and prepare GST returns. The software is available under the ‘Download’ tab on the official GST portal www.gst.gov.in.
Section 2: What are the companies offering free accounting and billing software?
There are mainly six companies offering free software namely,
- U books – It’s a clod based software and Mobile App also available
- Cygnet FACE – It’s not a cloud based and it won’t have Mobile App
- FocusLyte – It’s a clod based software and but no Mobile App available
- CaptainBiz – It’s a clod based software and Mobile App also available
- Saral Accounts – It’s not a cloud based and but Mobile App available
- Zoho Books – It’s a clod based software and Mobile App also available
Section 3: Features of the Free Accounting and billing Software
- User-Friendly Interface: The software boasts an intuitive and user-friendly interface, making it accessible for businesses of all sizes, including those with limited accounting expertise.
- Real-Time Data Updates: One of the key advantages is the ability to receive real-time updates on financial transactions. This feature ensures that businesses have access to the most recent and accurate financial information.
- GST Compliant: As an integral part of the GST portal, the accounting software is inherently compliant with GST regulations. This means that businesses can seamlessly integrate their financial data with their GST filings, reducing the risk of errors and discrepancies.
- Mobile App – Most of the free software comes with mobile app which helps the user to track real time data on the go.
- Cloud based – Most of the free software comes with cloud based. Cloud-based accessibility ensures that businesses can manage their accounts from anywhere with an internet connection, fostering flexibility and convenience.
Section 4: How to Choose Free Accounting and billing Software from the available list?
To determine the best free accounting software, we looked at a variety of factors, including features, customer reviews and value. One should look into the features that are important for small businesses, such as invoicing, time tracking and expense tracking. One should also look at how easy the software is to use. Is it available on multiple platforms? Does it have a user-friendly interface?
While choosing free accounting and billing software, it’s important to consider your needs. What features are you looking for? Do you need time tracking? Invoicing? Customer support?, Consider what’s important to you and your business, then find software that offers those features.
Section 5: How to download the free accounting software?
- Login to the GST Portal using your login / password credentials
- Go to the “Downloads” menu and select the “Accounting and Billing Software” option.
- You will need to declare that your turnover is less than 1.5 Crores, after which you will be shown a choice of these six software.
- Click on the link against your preferred software
- Then you will then be redirected to the product site and can download the free accounting software
Conclusion:
Accessing the free accounting software on the GST portal is a straightforward process. Registered businesses can log in to their GST accounts and navigate to the designated section for accounting tools. Once there, they can explore the features and commence using the software for their financial management needs. Every small business owner can make use of this free software which helps in cost savings and ease of use.
Disclaimer: The content and views stated in this article is solely for informational purpose only
To open a Demat and Trading Account click on the below link
https://wealthy.in/broking?rCode=antho20557
https://alicebluepartner.com/open-myaccount/?B=SBLR1143
To Start investing in Mutual Fund use the below link
https://www.wealthy.in/p/antho20557
To shop Pure Leather Shoes and Belts use the below link
