Modules Finance
Finance
The ledger, receivables, payables, GST and TDS sit on the same books as the sales order and the GRN, in the same login as sales and stores.
One ledger
The modules share one ledger.
Journal INV-0007
Posted from the invoice
| Account | Dr | Cr |
|---|---|---|
| Customer receivable · Northgate | 4,60,200 | |
| Sales | 3,90,000 | |
| IGST output | 70,200 | |
| Balanced | 4,60,200 | 4,60,200 |
Dummy data. Harbour Tools. Amounts in ₹.
Month-end
Stock as per books says one number. The count says another. The gap has been there all month, and now someone has to explain it to the CA.
What posts as it happens
- Production cost posts to the ledger as each operation completes, not at month-end.
- TDS is worked out when the vendor bill is booked, under sections such as 194C and 194Q.
- GSTR-1 and GSTR-3B data is prepared from the books, not rebuilt in a spreadsheet.
What stops happening
- A stock gap found on the 31st and explained to the CA
- GSTR-1 and GSTR-3B rebuilt in a spreadsheet
- Sales and stores in one login, the books in another
- Ledger
- Receivables
- Payables
- GST
- TDS
- E-invoicing
Covers
- Ledger
- Receivables
- Payables
- GST
- TDS
- E-invoicing
- The modules share one ledger.
- GSTR-1 and GSTR-3B data is prepared from the books, not rebuilt in a spreadsheet.
- TDS is worked out when the vendor bill is booked, under sections such as 194C and 194Q.
- Ask for the report in plain words. Get AR aging, or six months of MSME dues, without an export ritual.
- Mach ERP flags what looks wrong in your own numbers, before you sign.
Questions
No. The books, GST and receivables sit in the same login as sales and stores.
Yes. Customer balances sit on the same books as the sales order. Vendor balances sit with the GRN.
No. GSTR-1 and GSTR-3B data is prepared from the books, not rebuilt in a spreadsheet.
TDS is worked out when the vendor bill is booked, under sections such as 194C and 194Q.
Yes. Production cost posts to the ledger as each operation completes, not at month-end.
Finance
Bring a Tally export or an item list. We will show you what it looks like in Mach ERP.