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Books of accounts including vouchers and receipts are required to be maintained under different statutory laws including Income Tax, Companies Act and GST Act.

In Compiere web edition, we don't have facility to drill down detail transaction from particular GL after run the Trial Balance

Any ERP having rounding issue while allocating invoice vs payment with different currencies

When we run trial balance, the tax value should be equal for CGST and SGST for any date range

In a normal scenario, the seller charges GST to customer & remits it to the Government. In some cases, the buyer pays GST directly to the Government.

GST is the biggest tax-related reform in the country bringing uniformity in the taxation structure and eliminating the cascading of taxes that was levied in the past

GST is the biggest tax-related reform in the country bringing uniformity in the taxation structure and eliminating the cascading of taxes that was levied in the past

In any ERP, there will transactions which will be entered across various modules including Purchase, Sales, Storage & Distribution

ERP Systems contain modules, such as Purchase, Sales, Distribution, Manufacturing, & Accounting, Human Resources etc

Generally lots of Businesses will see their goods being damaged during transportation

During import inventory, the product

For any imported product, additional cost involved like freight, insurance, trucking charges etc.