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Ledgers & Taxation

INHX

MIRRORED ENTRIES

  • Mirrored balances between trade partners
  • Relevant reports and extracts for booking period-end financial entries for sales, purchases, collections etc.
  • Scope based integration with external ERPs or with financial and bookkeeping software

 

PARTY LEDGER BALANCES AUTOMATICALLY REMAIN RECONCILED

  • Entries processed automatically from the trade on the exchange
  • No effort to reconcile or confirm balances with other listed parties on the exchange

 

INTEGRATED LEDGERS

  • Inventory Ledger
  • Accounts Receivable
  • Accounts Payable
  • Bank Ledger
  • Sales Ledger
  • Purchase Ledger
  • Tax Ledger (GST)
  • Assets Ledger

 

90% REDUCTION IN EFFORTS TO RECONCILE TAX CREDITS

  • Proactive reconciliation of sellers’ outward supplies with the buyers’ inward supplies
  • Mirrored records between the trade partners leave no chance of mismatch

 

60%-90% LOWER EFFORTS TO PROCESS DATA FOR GST RETURNS

  • Saves time in tax filings, confirmations and related tasks