How HostBooks is pushing seamless GST and Accounting compliance thru Automation
Over the final decade, the generation has amplified at an exponential fee. It has transformed the manner we stay our lives, and the way, we execute our work has been even more. Technology has allowed us to trade how we manage many exceptional factors of business operations; Accounting isn’t any exception.
Access to accounting committed software program acting more complicated capabilities has made calculations both simpler and extra green. Creating monetary facts, managing commercial enterprise finances and financial institution statements, and measuring financial interest has by no means been easier.
The age of era has honestly revolutionized certainly one of guy’s oldest challenge i.E. I am preserving a song of budget.
One by using one, the traditional pen, ledger, and table calculator had been refrained from driving closer to more green processing device which is the specialized accounting software program allowing quicker input and computation of records.
HostBooks as an accounting software program has created a lead in automation for accounting and finance. The act of manually getting into records has declined as technology made it feasible to manage bills with a single click on.
The Gurgaon-based startup has channeled various factors of accounting device onto an unmarried online platform.
Hostbooks is an integrated All-in-One cloud-based utility, which enables customers to maintain Accounting, Tax, GST, TDS, E-Way Bill and Payroll records supplying statutory compliance and single click on submitting provider for agencies.
Their India journey is about two years vintage, wherein duration they’ve introduced a large consumer base unfold throughout numerous vertical players within the marketplace which include massive business setups, MSME’s, retailers, companies and so forth.
Kapil Rana, Founder & Chairman, HostBooks says, “In the contemporary scenario, there is a lot of guide and paperwork concerned, which lengthen the entire process of coping with an enterprise price range and affects the business enterprise in phrases in their operational charges and productivity. HostBooks is being located on the principle that the smallest error can purpose trouble, together with tax penalties, information mismanagement, hitting hard on professional recognition. It is essential to have accuracy in your computations while doing accounting paintings, and having all your information controlled by using computerized software which notably improves precision and decreases the margin of errors.”
Transforming the Accounting Profession
The accounting software program has remodeled the maximum conventional carrier into a quick-paced and dynamic career.
One thing of accounting that professionals dread the maximum is the very tedious and tiresome project of compiling and computing statistics. An easy and geared up-to-move cloud-based gadget like HostBooks substantially reduces time spent and document-preserving charges. Security, backup, and records retrieval have additionally benefitted substantially from cloud generation.
The GST Compliance Software
Goods and Service Tax is a nicely-organized model of comprehensive indirect tax on goods and offerings applied using the Government of India.
HostBooks cloud-based platform totally gives a whole GST answer in a single enclosure.
GST remains an ocean of data which remains noticeably unmapped — simplifying the complex tax structure that was commanding the Indian economy because a long time turned into also a mind-staking phenomenon.
As the multi-layered tax regime turned into easied with GST, there arrived a dire want for the software program that may lessen the strain of know-how the new procedures for calculating tax.
Helping in conquer the impediments associated with GST billing and return submitting, a smooth import of GSTR-2A, vehicle-matching, and reconciliation, automatic reminders and single sign-on authentication, HostBooks works to ditch the issues with the help of automation.