#ProfitBooking

[usnewsper-business]

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[meruaccounting45]

What Software Or Tools Are Recommended For Efficient Bookkeeping In The Import/Export Industry In India?

For import/export companies in India to manage their finances, adhere to legal regulations, and maximize operational efficiency, effective bookkeeping is essential. Meru Accounting offers a variety of specialist software and solutions to expedite bookkeeping procedures because it recognizes the particular difficulties faced by companies engaged in international trade. These technologies are intended to improve accuracy, make tax compliance quicker, and offer instantaneous financial performance information.

1. Tally.ERP 9

A popular accounting program with many features and extensive capabilities, Tally.ERP 9 is utilized by companies all across India. Because of its capacity to handle intricate inventory management, manage multi-currency transactions, and maintain GST compliance, it is especially preferred by import/export companies. The seamless integration of Tally.ERP 9 with banking systems makes it simple to reconcile cross-border transactions and offers real-time financial information that is essential for making decisions.

2. Books from Zoho

Another highly recommended accounting program is Zoho Books, which is renowned for its robust features and approachable design for small to medium-sized import/export companies. It streamlines foreign exchange transactions, maintains inventory across several warehouses, and makes GST compliance easier. Invoicing and spending tracking are only two of the repetitive processes that Zoho Books automates. Customizable reports are also available for financial performance analysis.

3. Online QuickBooks

Cloud-based accounting solutions from QuickBooks Online are well known for giving real-time visibility into corporate finances. QuickBooks Online's multi-currency account reconciliation, invoice creation, and expense tracking capabilities are advantageous for import/export companies. The software's integration with global payment gateways guarantees seamless cross-border transaction administration and helps companies adhere to tax laws.

4. Busy Accounting Software

The extensive capabilities offered by Busy Accounting Software are tailored to the unique requirements of Indian import/export companies. It facilitates multi-currency transactions, efficiently handles inventories, and offers resources for tax compliance and audit readiness. Businesses may closely monitor financial performance and make data-driven choices based on real-time information by utilizing the configurable reports and dashboards offered by Busy Accounting Software.

5. Marg ERP 9+

A popular specialized ERP program in the manufacturing, distribution, and trade industries—including import/export companies—is Marg ERP 9+. It provides strong capabilities for GST compliance, inventory management, and billing. With its support for multi-currency transactions and smooth integration with other corporate processes, Marg ERP 9+ offers a single platform that boosts productivity and streamlines operations.

6. Business One SAP

For small to midsize import/export companies looking for extensive financial management features, SAP Business One is an integrated ERP solution. It offers real-time information and improves operational efficiency by combining inventory management, sales, and financials into a single system. Because of its scalability and customisation capabilities, SAP Business One is a good choice for companies that want to grow without sacrificing control over their financial operations.

7. Wave Financial

Free accounting and invoicing software for freelancers and small enterprises is offered by Wave Financial. Financial reporting, invoicing, and spending monitoring are just a few of the bookkeeping duties that it makes easier. For import/export companies handling foreign payments, Wave Financial provides bank reconciliation tools and allows multi-currency transactions.

8. ProfitBooks

ProfitBooks provides easy-to-use accounting software tailored to the requirements of Indian small import/export companies. It has tools for inventory control, GST compliance, and billing. ProfitBooks is a great option for startups and small businesses trying to efficiently organize their financial operations because of its low cost and user-friendly layout.

9. ClearTax

GST software solutions, which simplify tax compliance for Indian enterprises, are ClearTax's area of expertise. It smoothly connects with accounting systems to streamline the submission and reconciling of GST returns. Businesses engaged in import or export can feel secure knowing that their tax requirements are being managed using ClearTax's cloud-based platform, which guarantees data confidentiality and accessibility.

10. Sage 50cloud

Comprehensive accounting solutions are offered by Sage 50cloud (previously Peachtree) to small and medium-sized enterprises, especially those engaged in import/export operations. To properly monitor financial performance, it provides customizable reporting tools and allows multi-currency transactions. The integrated payroll and inventory management features of Sage 50cloud assist companies in streamlining processes and adhering to legal obligations.

What are the key bookkeeping requirements for businesses involved in import and export in India?

Respecting the fundamental bookkeeping criteria is a must for companies that import and export goods into India to maintain correct financial records and comply with regulatory norms. The following are the main prerequisites for bookkeeping:

1. Transaction Documentation: Companies that import or export are required to keep thorough records of every transaction. This covers purchase orders, sales contracts, shipment paperwork, bills of lading, invoices, and customs declarations. The phrases, amounts, values, and currencies involved in the transactions should all be appropriately reflected on each document.

2. Multi-Currency Accounting: Because transactions are often conducted internationally, companies must manage multi-currency accounting skillfully. For accurate conversion rates and the reconciliation of foreign exchange profits or losses, they should record transactions in both foreign currencies and Indian Rupees (INR).

3. GST Compliance: In India, imports and exports are subject to the Goods and Services Tax (GST). Companies are required to keep track of the GST they pay on imports (Input Tax Credit) and the GST they collect on exports (Zero-rated supplies). To guarantee adherence to tax laws, they must routinely file GST returns and reconcile GST credits and liabilities.

4. Inventory Management: For import/export companies, efficient inventory management is essential. Records of costs, values, and inventory levels should be kept by them. This entails monitoring products while they are in route and making sure inventory counts correspond with actual stock counts.

5. Customs charges and Tariffs: Companies are required to appropriately document and account for all import/export taxes, tariffs, and customs charges. Documentation about duty payments, duty drawbacks, and customs clearance should be kept up to date (if applicable).

6. Bank Reconciliation: To ensure that the financial transactions documented in books are accurate, a regular reconciliation of bank statements is required. To find inconsistencies as soon as possible, businesses should compare foreign currency revenues, settlements, and international payments to the matching bank statements.

7. Financial Reporting: For import/export companies, timely and accurate financial reporting is essential. Financial statements, such as cash flow statements, profit and loss statements, and balance sheets, should be prepared. These reports help in decision-making and offer insights into financial performance.

8. Audit and Compliance: Regulatory agencies' audits run more smoothly when records are kept transparent and well-organized. Companies should adhere to auditing standards and grant auditors access to pertinent records and data as needed.

9. Technology and Automation: Import/export companies can simplify their bookkeeping procedures by utilizing automation technologies and accounting software. These solutions facilitate effective transaction management, report generation, inventory tracking, and regulatory compliance assurance.

10. Internal Controls: To stop fraud, errors, and misstatements in financial records, rigorous internal controls must be put in place. To preserve the accuracy of their financial data, businesses should set up processes for permission, job separation, and routine transaction reviews.

Conclusion

For import/export companies in India to maintain financial transparency, adhere to legal regulations, and make wise business decisions, effective bookkeeping is crucial. Businesses can improve efficiency, create sustainable growth, and streamline their financial operations in the cutthroat world of international trade by utilizing the accounting software and solutions that Meru Accounting recommends. Whether you go with SAP Business One for its integrated ERP capabilities, Zoho Books for its user-friendly interface, or Tally.ERP 9 for its extensive feature set, investing in the appropriate tools will enable your company to succeed in the challenging world of import/export processes.

[finvantege]

Market Review Today | #banknifty weak clising. #Finvantege #nifty #finnifty #hdfcbank #sbi #trading #tradingeducation #bankniftytomorrow #bankniftyprediction #stockmarketanalysis #stockmarketupdate #marketupdate #marketupdatetoday #stockmarketupdate #stockmarketnews #optionwriting #optiontrading #hedging #hedgetrade #Q1 #adanigroup #reliance #rbi #intraday #optiontradeintraday #optionhedging #optionhedge #positional #optionstrategy #positionaloptiontrading #positionaltrader #profitbooking #profit #loss #fii #fiis #dii #inflation

[opinionexpressin]

Profit booking subdued India's equity markets during the morning trade session on Monday.

[redheartnews]

Sensex ends flat, retreats from 53K mark on profit-booking

Sensex ends flat, retreats from 53K mark on profit-booking

Maruti was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, UltraTech Cement, TCS and Titan Equity benchmark Sensex ended on a flat note after scaling the 53,000 mark on Tuesday as investor booked profits at higher levels. After touching a lifetime intra-day peak of 53,057.11, the 30-share BSE index settled 14.25 points or 0.03% higher at 52,588.71. Similarly, the broader…

[sachwlang]

Sensex plunges 695 points on profit-booking; Nifty drops below 12,900

Sensex plunges 695 points on profit-booking; Nifty drops below 12,900

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Sensex plunges 695 points on profit-booking; Nifty drops below 12,900

Equity benchmark Sensex tumbled 695 points on Wednesday, tracking heavy profit-booking in index majors HDFC Bank, Infosys and Kotak Bank amid mixed cues from global markets. After touching a lifetime high of 44,825.37 in opening session, the 30-share BSE index ended 694.92 points or 1.56 per cent…

[elite-investment-advisory-blog]

Markets Closed Lower Today Due To Profit Booking

Indian share markets witnessed profit booking on Tuesday, dragged by banking and auto stocks as investors booked profit after the huge stock rally in Monday's trade, on the back on exit polls. The BSE Sensex closed the day 382.87 points lower at 38,969.80, with Tata Motors, Maruti, IndusInd Bank and Bharti Airtel coming out as the top losers. The NSE Nifty50 also slipped 119.15 points to close at 11,709.10. Major gainers on the Nifty50 were Dr.Reddy, Bharti Infratel, Titan Company, Britannia and Reliance while Tata Motors, Zeel, BPCL and Adani Ports were losers. All the sectoral indices closed the day in red, with Nifty Media and Auto taking the biggest losing sectors, down upto 2.52%. Tata Motors, Motherson Sumi and Bharat Forg were major losers on the Auto index Banking stocks are also witnessed selling pressure led by falls in Nifty Bank index down 1.47% with PNB, IndusInd Bank, SBI, Yes Bank fell in the range of 2 to 3 percent. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

[basherbiplob2009]

[niladri123]

ProfitBook Review - Produces Unique Content That Captivates The Audience.

ProfitBook is brand new cloud software that converts 1 million+ article and tens of thousands of eBooks into 100% original content and 24/7 free traffic in minutes. In this ProfitBook Review, we will go over all of the product's features and benefits to help you understand how effective it is for your business.

Three simple steps to work with ProfitBook:

Simply enter your keyword into the amazing cloud-based software.

ProfitBook will generate 100% unique content for you. In any niche, neatly packaged as a web article, PDF info product, or eBook.

Relax while ProfitBook blasts your content to thousands of traffic sources, bringing you #1 rankings, free traffic, and commissions. Everything is completely done for you.

Vendor:

Name – Mike McKay, Radu, and Calin.

They are digital marketing and product development experts. Among previous successful products are the following: ProfitTweet,  NFTVerse, ProfitVoice, ProfitFunnelz,  Chat4Kash, ProfitBotz,  Photon,  ProfitNFT, Kash4Watching, Profitblidr, Kash4Crypto, ProfitCell,  ProfitContent, ProfitGram, ProfitVideo, ProfitContact, ProfitWriter, Profit Prime, ProfitHub, ProfitApp, ProfitSend, ProfitSite, TrafficCrush, ProfitSuite, etc.

ProfitBook Review; Features:

Complete cloud software solution

Using the "fill in the blanks" module, you can create amazing 100% unique ebooks.

Sell ebook-writing services with a commercial license included.

Using proprietary AI-tech, create 100% unique content in any niche.

Amazon KDP allows you to sell your ebooks.

Creates original content that captivates audiences on any topic.

Creates ready-made information products that you can sell or give away to build your list.

Using directories, you can generate instant traffic and sales.

Social media sharing in one click.

Anything you post is indexed by 1-Click Post Indexer.

DFY traffic is generated by auto-sharing on multiple social media platforms.

Only a one-time payment only, there are no monthly fees.

It includes high-quality video tutorials and much more.

Ideal for affiliates, e-commerce sellers, offline...everyone.

100% newbie-friendly and simple-to-use software

Full commercial rights - provide your clients with these incredible services.

The quick and easy way to create high-quality content that produces results.

 ProfitBook Review; Benefits:

In seconds, you can start a full-fledged online business.

Begin earning on the first day.

Make your own winning ebooks to sell to customers for a one-time fee.

No monthly fees - only one-time payment

Count on our cutting-edge technology to deliver the highest level of quality.

This software has been thoroughly tested and proven to work by us.

It includes a free commercial license.

No more extortionate content fees.

Get true automation for all of their content creation.

ProfitBook will provide the best product-creating experience for your customers.

All-in-one panel packed with amazing online money-making tools

ProfitBook will revolutionize the way you write content and save you money.

READ MORE

[speciallaunches]

ProfitBook Review + 6 MEGA Value Bonus Pack + ProfitBook OTO + Launch Discount! Should You Buy Profit Book? You’ll find it in this Honest ProfitBooks Review! https://digitalproductshop.net/profitbook-review-oto/ 

ProfitBook is a Brand New Cloud App Turns 1 Million Articles and 10,000 EBooks Into Unique Content And Torrential Free Traffic In Minutes. ProfitBook App is something you not only want to have, but NEED to have, not only because it will save you time and money, but also because it will allow you to generate unlimited content that you can SELL to other people and profit immensely. 

#ProfitBook, #ProfitBookReview, #ProfitBookOTO, #ProfitBookReviews, #ProfitBookOTOs, #ProfitBookBonus, #ProfitBookDemo, #ProfitBookDownload, #ProfitBookCoupon, #ProfitBookMuncheye, #ProfitBookApp, #ProfitBookAppReview, #ProfitBookAppOTO, #ProfitBookSoftware, #ProfitBookSoftwareReview, #ProfitBookSoftwareOTO, #ProfitBookByMikeRaduReview,

[usnewsper-business]

Nifty Index Outlook: Key Levels to Watch for Market Movement #bearishcandle #BollingerBands #closeabove19450 #correctioninthemarket #criticalforNiftysmovement #declinetowards1920019000levels #healthybuyinginterest #lackofconviction #marketsentiment #monitor19450level. #MovingAverages #narrowrange #nextfewsessions #Niftyindextechnicaloutlook #profitbooking #RelativeStrengthIndexRSI #strongglobalcues #successfulbreakout #target1960019700levels #technicalindicators #unexpectednegativedevelopment

[rajubhadra]

ProfitBook Review - Why Not Recommended?

Introduction

Welcome to my ProfitBook Review with Cons. I find out lots of lacking and I’ll share them. Even I’ll share a FREE alternative way to replace this software.

Mike & Radu is the author of this software. They publish 2/3 of products per month. If their products/software work then why do they publish 2/3 software per month?

Make sense dear friends. Don’t take action just watch the demo video and read the sales page. You have to learn more about this software. Does it really works or not?

This ProfitBook software helps you to create PDFs and turn any text into audio. After that, you can publish these PDFs and audiobooks on Amazon Kindle and make money.

Inside my ProfitBook review, I’ll share everything to make the right decision.

Top CONs of ProfitBook App?

– No App can Generate Traffic in Seconds. Even no other black magic exists to generate traffic in seconds.

– No App can deliver 100% unique content.

– Software-made PDFs have never been accepted by Amazon Kindle.

– This app can’t create readymade info products

– Then another problem this app integrates social media but if you use any BOT/App to run social media. Then your account can be suspended.

– Software-made posts never index to get traffic and sales.

– If you want t get full features then you have to buy 8 OTOs but, finally, the results are ZERO.

– This app is not perfect for Affiliates, eCom sellers, Offline Business Owners, and Anyone.

– No app can create quality content shortcuts.

After all, I want to say this type of app can be your money solution. If it is possible, then no people work hard to make BIG money online. Depending on any software/app I, not the perfect way to get success online.

The Best Alternative of ProfitBook

Now, I’ll provide a step-by-step process to publish PDFs on Amazon Kindle. You don’t need o buy any software, or no other cost to apply it.

Firstly, you have to collect your PDF. Visit this site freeplrdownloads.com. You can download unlimited PLR PDFs in various categories.

Now you have to edit this PLR PDF using Docs.Google.com. Even if you don’t dit these PDFs then there are no problems at all. You can use directly these PDFs on Amazon Kindle.

Now, you have to create a book cover. A cover is so important for any Amazon Kindle book. Go to this site Canva.com and create your Book cover for free.

Finally, you’re ready to upload your PDF on Amazon Kindle. If you don’t have an account on amazon kindle then create an account. After that, you have to upload your PDFs on Amazon Kindle.

This is the alternative way to publish books on Amazon Kindle. For this, you don’t need to buy this FANY software.

Keep Reading ProfitBook Review Here >>

[finvantege]

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[digithots]

Reposted from @instamojo_india Various studies have shown that you can cut significant costs in your business if you get your accounting right! We partnered with @profitbookslive to put together a FREE course on basics of accounting for businesses. Enroll at: https://bit.ly/3gmNA1B #accounting #smallbusiness #businessaccount #businessaccounting #profitbooks #accounting #digithots #freecourse #stayhomeindia #lockdownindia🇮🇳 https://www.instagram.com/p/CArb4IMnKYU/?igshid=ezb26qriiq36

[centigaaccountingsoftware]

Looking For A White Label Accounting Software?

A white label solution is a fully supported product or service made by one company but offered without branding, allowing the buyer to brand it as their own and resell it.

Choosing a white label solution eliminates the need for your firm to reinvent the wheel to give an excellent accounting solution. As a result, there is no need to invest time or money in developing the greatest software solution when one is already there and ready to be branded as your own. In addition, customers will associate the product with the reseller if the reseller customizes it with their branding.

What do you mean by white label accounting software?

Accounting software is typically given as a generic product by businesses. Quickbooks, Sage, Xero, and even ProfitBooks are some examples. These businesses are in charge of the product’s features, pricing, and branding.

You can customize private label or white label accounting software to meet your specific demands. For example, you can host it on your server, distribute it under your brand, and charge whatever you want for it.

As a result, the white label solution provider serves as your technological partner, and your clients benefit from a feature-rich app that bears your company’s logo.

Why do software developers white label their products?

Both parties benefit from white label accounting software.

The developer gains additional customers for a product that he or she has previously developed. They effectively got access to the reseller’s client base and continued marketing efforts by offering the product to resellers.

Without needing to engage in the development, the reseller can offer the program to its customers. With a tried-and-true tool, the reseller can come to market faster.

Why do firms need white label software?

Compared to on-premises solutions, cloud software promises lesser investment, faster installation, and time savings for your accounting firm. However, you risk disturbing the client experience as they go from your website to your software if you don’t employ white-label software.

White label software may help you not only raise brand awareness and boost customer satisfaction, but it can also save your company time and money – which is especially crucial for small firms wanting to stretch their budget.

Boost your brand’s visibility

Your clients will naturally identify the software with your firm if you extend your branding through your website and white label accounting software UK, which can boost your brand value, grow your client base, and establish your reputation as a technologically savvy organization.

Demonstrate your expertise

You should treat your white label accounting software as if it were an extension of your existing brand. Provide a clean and professional workspace for your clients, team members, and business partners to demonstrate that you’re a reputable accounting firm that provides exceptional service to its clients.

Improve the quality of your business partnerships

When you use company-branded, white label accounting software for SME, your clients, team members, and business partners will appreciate your professionalism. Say goodbye to misplaced emails, missed deadlines, and unmanageable file sharing with this simple, secure, and entertaining communication system.

Boost your customer retention.

If your clients continually have a positive experience with your accounting firm, they will stay with you longer.

What are the benefits of white-label software?

While white labeling has numerous advantages, it also has some disadvantages. For example, it gives you less control over specific features or upgrades, and integrating it into centralized reporting and analytics can be difficult.

However, the advantages exceed the disadvantages. Therefore, companies seek to resell software because it can give them the following benefits:

Expanded Product Offerings – A white label software product can be added to the reseller’s product line.

Increasing brand trust – A reseller’s expanded offers help them appear more comprehensive to their customers.

Consumer loyalty is strengthened – Even if the customer stops purchasing other services, they are likely to continue using the program.

White label software is faster and efficient.

White labeling is one of the most efficient ways for most businesses to extend their portfolios, enter new markets, or capitalize on extra services they don’t presently offer. However, designing, implementing, testing, and deploying software for internal or external use takes a lot of time and effort.

Rather than spending the time and money to construct software from the bottom up, businesses can usually have a fully functional and proven white-labeled software platform up and running quickly and for a much lower cost.

How does Centiga help you with white label services?

We’ve heard horror stories of other “less than professional” white label companies exposing or breaking white-label, sometimes on purpose, but more frequently due to faulty software, negligence, or a lack of planning. We go to great lengths to guarantee that this never happens. Our entire business is based on white label connections, where your clients are completely unaware that we exist (unless you want them to).

Contractually Essential

Our contract with you stipulates that we maintain the strictest level of secrecy throughout our relationship and even after it ends. We can’t and won’t “poach” a customer. We can’t and won’t “poach” any of your employees or affiliates.

White Label Software that has been carefully crafted

As previously said, our software runs on your domain and brand name. Even if clients with advanced technological skills “digs” in, they will discover that our base domain names and tools are run through anonymous accounts. A visit to the root domain yields no results.

People with advanced training and long-term non-disclosure agreements

Any client-facing roles are not outsourced. Our workers do your clients’ work. Our workers will only communicate with your clients. Non-disclosure and non-compete agreements subject all of our workers to the same (if not more strict) requirements as our agreements with you.

Conclusion

Best white label accounting software for business can solve all of your difficulties if you don’t have enough time, money, or resources. Even if the software is branded to match your company’s needs, it will be maintained by a third-party vendor, who will always be available to assist you. This allows you to devote more time to managing your client relationships.

Best white label accounting software for businesses, such as Centiga, is simple to set up and manage, especially for developing accounting businesses. You can set up your account, brand your software, and start inviting clients and establishing folders to securely transmit financial information in minutes.

[contenterist]

More Clarity For Software Industry: For Technology & company like ProfitBooks, that sell online software, its was not clear whether to apply VAT or Service Tax on the product. In GST regime, there is a clear distinction between products and services which will remove the confusion for service industry.

Repairs and maintenance: The service providers that provide repair and maintenance services to companies will be able to claim both the credit of input and credit of input services as provided by the GST system. The current regime only offers the credit of input services which is a bit limiting. Now that they can claim both of the credit of input and credit of input services, they can offer their repair and maintenance services at lower prices and thereby attracting more clients.