June, 2021

I sincerely hope all of our readers and their families are doing well. We are happy to see that COVID numbers are receding and the vaccination drive is picking up – BUT this is not a time to let down our guard. We cannot afford to see another spike in numbers – and if the vaccination drive continues then we shall hopefully not see a Third Wave!

We have decided to continue with our Work-from-Home strategy which has worked well for the last 12 months – by putting in adequate systems in place to ensure our team’s health and safety is not compromised and at the same time productivity remains high. If any of you or people in your network our struggling to implement cloud based systems (not just for accounting, but for other applications as well) please ask them to reach out, we would be happy to share our knowledge and experience on how have we completely shifted to a cloud based set-up and virtual offices.

We are happy to inform that RealBooks is growing rapidly and has added a few marquee start-ups to its client base – we welcome Square Yards – India’s largest integrated platform for Real Estate and Turtlemint – one of India’s fastest growing insurtech startups, reiterating our position and strong value proposition as a software which provides companies with multiple branches, multiple GSTINs and high volumes of data.

We would also like to congratulate our clients Logistics startup - Truckhall & SuperProcure for getting IndiaMart on board as a key investor as they grow to the next stage.

Till next month…… stay safe, stay healthy!

Tip of the month :

Get details of your vendors who haven’t filed their GST returns - don’t miss out on your GST inputs
What's New :

Attach customer / vendor’s PAN Card, GST certificate etc while creating them | | +91-99108-22099
  • 7TDS Payment for May
  • 15Advance tax Payment for April to June 2021
  • 15 INC 22A Filing for Companies
  • 15Providend Fund (PF) Payment for May
  • 15ESI Payment for May
  • 26GSTR 1 for May
  • 30DPT 3 Form for companies
  • 30Quarterly TCS certificate for the quarter ending June 30, 2021

Ambo is a diversified group having interests in food processing and Audio-Video Automation with branches in and outside Kolkata. Around March 2019, we explored RealBooks with the intention of reboarding transactions on a cloud platform to save our time and manpower.

After couple of discussions, we assessed we could overcome the major limitations we were facing on Tally:

1. Passing a single financial entry across multiple branches/group companies for receipt, payments, and fund transfers
2. Passing a single stock transfer entry again from one branch to another branch
3. Consolidation of Accounts and Inventory branch / companies wise.

Implementation was completed in a very tight time-frame of 15 days including migration of accounts from Tally. The overnight decision to come to the cloud platform was a rigorous and taxing exercise. lt was a challenge and all credit to the RealBooks team and to our members to overcome the same.

We are now using RealBooks for over a year, it's a good experience to record transaction realtime as we are always LIVE in a cloud platform.

Umesh Agarwal (Ambo Agrirtec Private Limited)

Simple applications of RealBooks
Real Issues Faced by Businesses Quiet easily done using RealBooks
1. A Bangalore based management education company with 35+ colleges. Real-time fee collection in each of the branches, collection data getting validated by Bank Deposit slips and flowing into RealBooks. Automatic posting of GST related entries and generation of reports and returns.
2. A Kolkata based logistics start-up wanted to integrate its logistics platform to an Accounting platform. Got his development team to connect its portal via an API so that accounting data flows through seamlessly and real-time.
3. A leading car dealer operating out of 54 locations was struggling with consolidation, user controls and real-time information. Got his DMS integrated with RealBooks and each user was assigned defined permissions and access levels. All 54 locations operated real-time with no time lag for consolidation or GST reporting.
4. A Mumbai based logistics company needed to manage large data volume across its 7 ports. RealBooks provided integration with logistics software, consolidation across all locations and seamless single click GST and TDS reporting. | | +91-99108-22099