The first month of the new year has already been a blockbuster in many ways – record GST collections (1.20 lakh crores), Sensex crossing 50,000 and COVID cases
falling rapidly and the vaccination drive starting in great earnest. Honestly, we could not have asked for a better start to the year.
On the RealBooks front, we are in the last leg of completing the GSP integration after which GST returns can be filed seamlessly from within RealBooks.
Additionally, we’ve added some excellent features with respect to inter branch
reconciliations which have made it much easier for large companies using RealBooks to reconcile their books of accounts.
On the client front we added companies in the auto sector and logistics sectors to mark the start of a remarkably busy quarter
and are thankful to our clients who have been recommending us constantly.
RealBooks also partnered with a number of Accounting Service providers who have started migrating their clients from other accounting software to
Tally and are seeing significant benefits in terms of control and oversight. Chartered Accountants have particularly found our Document Management feature particularly useful which has allowed them
to audit timely and respond to any departmental queries very quickly due to the availability of all documents.
We ask each of our clients to write in to us @ firstname.lastname@example.org with one feature that they feel they are missing in RealBooks and which they
would like to see. We shall tabulate the results and commit to add the top 3 features that comes out of this poll.
Till next month….
Tip of the month :
Mark all the GST inputs that you have taken each month so that year-end reconciliation becomes a breeze
7Due date for deposit of Tax deducted/collected for the month of January, 2021
11GSTR 1 of the previous month
15Due date for furnishing of Income Tax Returns for the
assessment year 2020-21
15The ESI Contribution payment last date
15GSTR 2 available – for Jan 2021
15EPF payment due date is the date by which PF from the employees’ salary should be deducted
20GSTR 3 – for Jan 2021
21The due date for payment of profession tax is the 21st of
28Last date for furnisging Gst annunal return for fy19/20
Anmol Healthcare is one of the the Eastern India's premier FMCG companies with a focus on health and wellness products to deliver goodness to consumers as a part of Anmol industries.
We have shifted in 2018 from Tally to RealBooks and feel that has been one of our best decisions with respect to maintaining much better controls over our finance and accounts. RealBooks has helped us integrate work ok done by people across various roles, functions and locations on a single platform. Being cloud based it enables access from any location giving our teams flexibility to work from home and be productive without the need to travel.
The support function particularly ensures that any queries and glitches are worked out and downtime is kept to a minimum.
For Anmol Healthcare Pvt. Ltd.
Madhav M Agarwal
Sanjay Saraf Educational Institute Pvt. Ltd.
Education - Coaching Centre
Tracking of Student Wise data and receivables - student dues were being missed out
RealBooks Fee Tracking Module implemented - allowed student wise tracking of collections & dues
Tracking of Commission Payouts to each Centre - centres were claiming excess commissions
Based on student registration for each centre, commission payout reports were prepared, hence double counting / claiming of commissions
Comparison of centre wise performance
Centre wise and course wise booking of accounting entries - allowed ease of comparing performance of each centre
Multiple Branches and GSTIN Reporting
Implemented Branch Accounting, along with Interbranch Entries, Branch wise profitability, Cash Flows etc.
Lack of proper filing of documents - non
availability during scrutiny
e-Document attachment feature, which allows you to attach relevant supporting documents to every single entry ensured that all documetns were readily available