Tips on “How to Manage GST in Zoho Books” Efficiently

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Zoho Books lets you manage your finances and accounting relevant to your business needs. It is an online application. It has got great features such as workflows management, preparation of customized invoices, tracks expenses for the users to keep up to date, generation of projects, you can seek approval for your sail orders. It is cross-platform as you can choose from a range of other 40+ Zoho apps.

One could easily manage one’s GST accounts by following the steps as provided in the guide mentioned below. For any queries related to the topic contact Zoho Support at 1-855-856-0042

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Steps on getting started with “How to Manage GST in Zoho Books”

Step-1: With Zoho Books GST tax return filing made easy

Prospect users can now avail of filing returns, thanks to Zoho Books. All you need is to create an account, choose a suitable plan for yourself, and get started with Zoho Books. Specify the date of transactions from exactly where you need to calculate your GST. Zoho automatically detects which transactions are to be included and which are not. The reconciliation feature helps in matching transactions.

Step-2: Transactions for GST are automatically detected and included

While saving contacts, if you link their GSTINs with tax rates specified to each of them. Using this information, Zoho Books self-checks GSTIN and determines taxes accordingly.

Step-3: For legitimate GST filing, stick to labelling

With the help of Zoho Books, one has the choice to opt between products or services which is found using appropriate HSN or SAC codes for legitimate tax deductions. You can make use of the feature for looking out your HSN or SAC code in Zoho Books.

Step-4: Generation of an invoice for GST as per norms

Customization in Zoho Books can be availed while creating invoices which are also as per GST norms. Using Zoho Books, the application itself figures out the tax rates throughout invoice creation along with all the legalities.

Step-5: Creating electronic invoices

You can now create electronic invoices using Zoho Books. Several transactions require electronic-based GST-compliant invoices. So, in Zoho Books, you get instant notifications for the generation of an e-way invoice.

Step-6: For better shielding, avail electronic medium for invoice

Zoho Books allow users to send electronic invoices for certain Business to Business transactions including digital and verified signatures via GSTIN which saves a lot of effort during GST returns filing.

Step-7: Say no to errors during GST return files

One could opt for the process of approving which requires an administrator while filing returns for GST using Zoho Books. Confirmation of guaranteed error-free GST returns is the commitment of Zoho Books.

Step-8: Report Generation/Reconciliation feature

One could make certain improvements in the approach by reconciling GST accounts in Zoho Books. You could file GST tax returns without much hassle.

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Conclusion

We are concluding our blog here. We hope that using the appropriate steps on “How to Manage GST in Zoho Books” as provided in the above post, one could start easily filing their tax returns within Zoho Books. However, if you have a relevant query, contact 1-855-856-0042 Zoho Support for more information.