Ledgers & Taxation

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