The invoicing option of Smart Admin links estimate/quote, invoice, receipt, and Credit/Debit to ensure accurate flow of data points in the overall invoicing process. This will ensure zero error in all statutory filings connected with invoicing. The invoice tool captures data points associated with each of the documents and numbers it properly. The Import and Export transactions as well as SEZ transactions of both products and services are listed in the process.
GST Invoicing Software has been designed to meet the challenges as posed by GST implementation and its frequent updates. The implementation of GST has brought fresh challenges to small and medium business owners. The larger businesses were fully equipped to meet such challenges whereas for small businesses, it turned out to be a nightmare. The organized sector with its regular stream of tax payment process was least affected by GST. The small and medium segments were bogged down by the burden of generating GST Compliant Invoice and fear of reporting wrong data. In addition, there were compelled to route transactions through banking channels to meet the requirement of large suppliers. This posed additional challenges of keeping record of each and every transaction and its proper reporting.
Smart Admin stepped into this need and developed Invoice tool to match up with the requirements of GST filing and minimize errors in transactions. The tool has been designed taking into account of the level of expertise of common man. The Smart Admin tools can be operated by one who can handle Gmail and WhatsApp.
Further, Smart Admin has been configured to handle the future requirements of e-invoicing as stipulated by GST Council for B2B transaction. With the implementation, the e-invoice generated needs to be validated at Invoice Registration Portal (IRP). This will generate a unique Invoice Reference Number (IRN) and digitally sign the e-invoice and also generate a QR code. The QR Code will contain vital parameters of the e-invoice and return the same to the taxpayer who generated the document in first place. The IRP will also send the signed e-invoice to the recipient of the document on the email provided in the e-invoice. Smart Admin invoice has the option to update the invoice with IRN as generated and send the same to buyers.
The options as given for GST Invoice Software India are expected to speed up the filing process and minimize errors. With Smart Admin, users can go for multiple GST invoice formats, receipt and cr/dr vouchers according to requirements for generating Tax Invoices under GST
The invoice tool is linked with all other transactions to avoid duplication of efforts and missing of entries. Once you subscribe for the mobile app, then invoice can be generated on the go. Invoice will be sent to the recipients over email or SMS instantly.