May, 2021

Hello everyone!

I think this month everyone has been engulfed with the dreaded C-word. I hope all your families are safe and healthy. These are very difficult times for each one of us and let us do our little bit by not adding to the already over-burdened health infrastructure by staying home as much as practically possible! Am sure each one of us has knows of several cases where beds haven’t been available / hospitals haven’t been able to supply oxygen and much worse! Stay safe, stay indoors!

While we are trying our best to support our stakeholders during this entire period – we would like to thank our clients who have been supportive during these times and have even agreed for implementation to happen remotely – this allowed our team to not travel to client sites during the implementation phase and yet we were able to provide a smooth go-live experience to the clients. We continue to work-from-home (13 months and counting) and shall continue to do so for the foreseeable future till things ease out. The one thing that most businesses have learnt during these times is to work and manage remotely – in a collaborative environment without having the need to be physically present in one location. It’s something that businesses will surely be considering as a viable business model without having the need to spend on expensive infrastructure.

In the end, I would like to say - this is a war-like situation – and remember in a war, the only thing you worry about is survival – the fact that you can survive this ordeal to rebuild and relive. So friends, my humble request to you is to do your bit for your families, friends, staff, employees and everyone around you to help in every possible way, so that we all come out of this stronger!

This too shall pass….

Tip of the month :

Stay Indoors - access reports on the App
What's New :

Generate bulk invoices and auto email to clients | | +91-99108-22099
  • 7TDS Payment for April
  • 11GSTR 1 for April
  • 15TCS return filing for Jan-Mar Quarter
  • 15 ESI Contribution payment for April
  • 15EPF payment for April
  • 20GSTR 3B for April (all except quarterly filers)
  • 21Profession tax payment for April
  • 31TDS Return filing for Jan-Mar Quarter

We have been using RealBooks since the last financial year 2020-21 and it has been one of the best decisions - even more so with the lockdown. Earlier, we were on Tally and given the number of business verticals, branches, multiple GSTINs and the high volume of transactions, it was quite a struggle. We had tried implementing another software earlier, but that wasn't successful and hence were sceptical when we came across RealBooks.

We, however, took a leap of faith and decided to make the switch. We now have all branches under a consolidated basis, with access to individual branch accounting. Approximately 50 users use RealBooks concurrently and each has defined user permissions and access levels. All vendor invoices and other documents are attached to relevant entries and have gradually shifted our document filing online as well.

The integrations with the different DMS for Hyundai, Ford, etc has also been quite smooth and have been recommending other Hyundai dealers also to make the switch to RealBooks for better controls over their accounting and reporting.

Nitin Himatsingka
CEO, Mukesh Hyundai Group

One of India’s largest dealers for Maruti in North India with 60+ branches was facing Challenges in managing accounts due to several reasons Automobile Dealership

User count 100+
1. Individual Tally maintained for each location – no consolidation of accounts Common Chart of Accounts with real-time consolidation and branch wise P&L
2. Large volume of Data – software would hang Distributed architecture hosted on AWS. Provided dedicated database server. Handling large data volumes via auto scaling
3. Inter-Branch Reconciliation mismatches due to forgetting to pass opposite entries Now only one entry is made and the opposite entry in the other branch gets posted automatically – inter branch is always reconciled
4. Minimal excel based Integration with DMS API based integration with entries flowing every 5 minutes into RealBooks
5. Each location using stand alone Tally – no user level controls User wise, voucher type wise and IP restrictions to allow full control and transparency over the books of Accounts
6. No controls on Physical documents – very challenging during audits All entries have supporting documents attached – view access given to auditors
7. GST Returns – 3 different GSTIN, delays in compiling data from different locations Can access consolidated GSITN wise reports at a single click | | +91-99108-22099