The Acumatica ERP India Localization Module ensures compliance with tax regulations by seamlessly integrating with the GST portal during financial transactions. Tailored specifically for the Indian market, it accommodates unique tax requirements such as GST and TDS, offering extensive configuration options adaptable to any business. Additionally, it also supports India-specific fixed assets needs.
Maximize operational efficiency for your India-based business with our industry-leading Cloud ERP solution. Our India Localization Module ensures seamless compliance with local regulations, supporting key areas such as Indian Taxation (GST, TDS, and TCS), and Fixed Assets. This module is designed to align your business processes with Indian Financial Reporting Standards.
Simplify tax collection and ensures compliance with Indian tax laws by integrating source tax functionalities and automating the process. It features real-time tax calculation, automated collection, and precise reporting, covering GST, TDS, and TCS. The GST integration supports return filing and reconciliation, while TDS and TCS functionalities automate tax calculations, certificate generation, and management, streamlining compliance at the source of income
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This module, designed to comply with Indian accounting standards, streamlines asset management from acquisition to disposal including ROC calculations, ensuring accurate financial reporting and tax compliance. It offers tools for efficient management of both tangible and intangible assets. Tangible assets, such as buildings and machinery, are tracked and depreciated according to Indian regulations. Intangible assets, like patents and software licenses, are managed with tools for valuation and reporting, aligning with Indian Accounting Standards to maintain a company’s value and competitive edge.
Customized financial documents are meticulously designed to ensure strict adherence to Indian regulatory standards, effectively minimizing the risk of non-compliance. In addition, robust compliance tracking mechanisms and comprehensive audit trails are maintained to ensure thorough verification and assurance of regulatory compliance. These systems provide detailed records and monitoring tools, ensuring that all financial reporting and documentation practices align with the latest legal and regulatory expectations.
Adapting to the Indian financial year and fiscal calendar offers significant benefits in terms of clarity and precision in financial planning. The Indian financial year runs from April 1st to March 31st, aligning with local tax regulations, business cycles, and government budgets. By following this calendar, organizations and individuals can ensure their financial planning and reporting are in sync with local norms and regulations. This alignment helps in accurate forecasting, budgeting, and compliance, ultimately leading to more effective financial management and strategic decision-making.
Tailored financial documents provide precise and compliant reporting, aligning with Indian statutory standards. These customized reports offer in-depth insights into financial performance, supporting informed strategic decision-making. By ensuring both accuracy and regulatory adherence, they enhance overall financial governance and planning.
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Custom master data fields enhance vendor and customer management by tailoring information to partner needs, enabling personalized and effective interactions. This strengthens relationships and improves communication while streamlining operations through efficient data management. By reducing redundancies and errors, businesses can make faster, more informed decisions.
Establishing a direct connection to government portals greatly streamlines the process of data submission, allowing businesses to easily transmit required information in a timely and accurate manner. This integration not only simplifies the overall compliance process but also enhances efficiency by reducing the time and effort typically required for manual submissions.
The solution enables the management of taxes across multiple legal entities within a single organization. It supports multi-company setups, allowing for consolidated tax reporting and compliance for each entity. This flexibility simplifies complex tax management, ensuring accurate reporting and adherence across all entities.
Enable integration with e-invoicing systems to align invoicing workflows and enhance operational efficiency. By automating the invoicing process, businesses can maintain accuracy and improve cash flow.
Efficiently manage GST compliance with our comprehensive features, including state-wise GST registration, automated GSTIN validation, and dynamic tax component configuration. Our system automatically identifies intrastate and interstate transactions and calculates GST on bills and invoices based on pre-configured tax slabs.
Easily configure the system to manage transactions subject to the Reverse Charge Mechanism (RCM), simplifying compliance with this specific tax scenario. Ensure proper accounting for transactions where the recipient, rather than the supplier, is liable to pay the tax, reducing the risk of non-compliance.
Implement functionality to efficiently track and manage Input Tax Credit (ITC), helping businesses maximize their eligible credits and maintain accurate financial records.
Streamline TDS management with our comprehensive solution, allowing you to configure the TDS master screen with essential details like sections, thresholds, rates, and categories for various transactions, including payments to contractors, professionals, and rent. Automate TDS deduction with advanced system configurations, ensuring the generation of TDS-compliant bills and invoices, for precise return filing and reporting.
Capture and manage essential tax-related information such as GSTIN, PAN, and other details for vendors and customers to meet the specific requirements of Indian businesses. Integrate state codes to accurately determine the correct GSTIN, ensuring precise tax reporting and compliance.
Manage your fixed assets from creation to disposal, ensuring comprehensive tracking and management throughout the asset lifecycle. Calculate asset depreciation accurately, supporting better financial planning.
Integrate tax functionalities seamlessly with Acumatica's financial modules, including accounts payable, receivable, and general ledger, to ensure a unified financial management experience.
Enhance compliance and decision-making with our comprehensive reporting capabilities, offering a wide range of detailed tax reports, including GSTR1 – B2B, B2C (L), B2C (S), HSN, CDNR, CDNUR(L), CDNUR(S), Docs, and amendments; GSTR 2A for input tax credits; RCM transaction reports; reports for transactions without GST input; rate-wise GST liability analysis; and TDS payable returns.
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