Tally Virtual Users (TVU): The Future of Multi-User Accounting
Tally Virtual Users (TVU): The Future of Multi-User Accounting As organizations shift to remote work culture, adopt cloud technologies, and undergo digital shifts, having flexible and secure access to accounting systems is more sensitive than ever. This is where Tally Virtual Users (TVU) come in. Tally Solutions’s new licensing model tailored to remote multi-user setups […]
Pending Invoices in IMS – The Concept and Process
Add Your Heading Text Here Pending Invoices in IMS – The Concept and Process In the realm of GST compliance, timing and ambiguity are of great importance. Every single invoice impacts your ITC calculations – which affects your monthly returns. A business’s expenses under ITC also include ambiguous invoices that have some semblance of eligibility. […]
Rejected Invoice on IMS: here’s everything you need to know
Rejected Invoice on IMS: here’s everything you need to know Has managing numerous invoices every month left you feeling overwhelmed as is? Now, consider the additional burden of receiving invoices that are either completely incorrect, belong to someone else, or have erroneous amounts. If you accept such invoices erroneously, your Input Tax Credit (ITC) as […]
IMS for QRMP Taxpayers: A Complete Guide
IMS for QRMP Taxpayers: A Complete Guide Change is coming to the claiming of the Input Tax Credit (ITC) and business processes with the introduction of the Invoice Management System (IMS) with its automation features. For QRMP (Quarterly Return Monthly Payment) taxpayers, this means no longer relying on GSTR-2B and her purchase invoice verification processes. […]
How Different Is Invoice Management System (IMS)? Current Practices vs IMS
How Different Is Invoice Management System (IMS)? Current Practices vs IMS Does matching your purchase transactions with GSTR-2B feel like a monumental task in the current process? For several businesses, it takes multiple days of manual reconciliations, clarifying inter-vendor misunderstandings, and overly drawn-out matching processes with incomplete transactions and delays, along with numerous back-and-forth calls […]
What is Changing in GSTR-2B and GSTR-3B with IMS?
What is Changing in GSTR-2B and GSTR-3B with IMS? Your interaction with GSTR-2B and GSTR-3B is changing for your benefit after the implementation of the Invoice Management System (IMS). IMS is a module that enables you to take actions on invoices uploaded by your suppliers in near real-time before filing your returns. You can accept […]
What is Invoice Management System (IMS) under GST: Key Features, Benefits & How Does It Work
What is Invoice Management System (IMS) under GST: Key Features, Benefits & How Does It Work For companies dealing with GST obligations, managing input tax credit (ITC) can be a cumbersome issue. Conflicts with subcontractors dealing with unclaimed credits, invoices that do not match, and the endless cycle of reconciling with suppliers adds undue pressure. […]
What are the advantages of Tally?
What are the advantages of Tally? Achieving Business Endeavors Using Cevious – Your 5-Star Tally Partner for 17 Years. In the realm of business enterprise and accounting, Tally is recognized as a software solution that is trustworthy, competent, and growing in popularity. If you are either an upcoming small business or an already established large […]
Why is Tally a Popular Accounting Software in India?
Why is Tally a Popular Accounting Software in India? An organization requires an effective and dependable accounting system in the continuously changing modern world of commerce and finance. From small businesses to large corporate houses, Tally accounting software has served the backbone of Indian businesses for decades. Tally is not merely a digital cash book, […]
What is SAP data integration?
What is SAP data integration? In the world of business where everything revolves around the internet, data serves a purpose beyond just being numbers on a piece of paper; it is a strategic resource. For enterprises utilizing SAP (Systems, Applications, and Products) as their ERP (Enterprise Resource Planning) systems, ensuring smooth access to data within […]
