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Inventory Control Module is the heart of inventory control system. It keeps detailed information of all the products which are sold or purchased along with their current stock. The whole process of Inventory Control is fully automated. The inventory control module keeps track of good and Damaged / Expired stock separately. This module produces various reports like Sales & Stock Statement, Sales Ledger, Products nearing expiry, Products to be reordered along with companywise Price List, Product List. All the reports can be printed and the columns to be printed can be selected by you.
t is the summary of such accounts which effect the profit or loss of the concern. These are prepared by transferring from the trial balance all nominal accounts and accounts relating to goods by means of journal entries called 'closing entries'. All remaining accounts i.e. real and personal, relating to properties, assets, debtors and creditors are shown in the balance sheet. In order to know the overall picture of the effect of these accounts they are grouped at one place. Items' increasing profit (revenue) are put on one side (credit) and those decreasing profits (losses and expenses) on the other side (debit). The balance is either net profit or net loss. This income statement is normally divided into two parts - first part is called trading account and second part is called profit and loss account. The procedure for preparing various accounts is discussed in details in this article.
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HiTech Accounting and Billing Software for various business segament accounting and inventory control software are VAT ENABLED. VAT (Value Added Tax) is effective in more than 125 countries now other than India. VAT was made effective in India in 2008 coplying with International Accouting Conventions adpated by 125 or more countries regarding taxation for trade and services. As we have to comply with VAT for sale of software in other 125 or more countries, we will soon release new version of our software when Field trials of GST in Accounting, CA feedback compiled on real tax returns is completed. This feedback shall be included in the basic framework for the Indian GST version of the off-the-shelf accounting software.
Many business use services of Tax Consultants and Chartered Accountants for filing the Tax Return and the tax return of the software is not used. To assist such activity you can export all reports from the software to MS Excel or MS Word and submit it to your tax adviser for finacial figures for the business . The software will perform all Inventory Control, Vouchers, Nominal Ledger Accounts along with Working/Trading and Profit & Loss account that will give you all figures ready for export for filing Tax Return. As soon as you are sure about the changes you want in the visual interface and printing regarding your GST requirements we will modify the software software as per your GST requirements. To get any of the off-the-shelf software modified for visual interface and printing please Contact Us Now. We will carry out all required customization for GST as per your requirements in the existing software in professional and timely manner .
For any required customization as per GST in any of the off-the-shelf software, please contact us now. We will carry out required customization for GST as per your requirements in the existing software at nominal additional charges. Give us details of required customization for a man-hour or work estimate.
Click for more information on Value Added Tax (VAT). Free Download of Full Featured Software - Try Full Featured Software Before Order - Time Limited 30 days Full Featured Version of these software are available for download from our website www.hitech-on-web.com. HiTech Billing, Accounting Software Off-the-Shelf versions are available for Business, Traders, Industry, Hospital, Hotel, Petrol Pump, Medical Store & Distributor, Automobile or Motorcycle Dealers, Newspaper or Magazine Publishers, VAT Accounting & Billing and Commodity Brokers.