What is business ledger and what is the benefit?

1. Why should Why should we we need Cloud based accounting application? need Cloud based accounting application? Most of the business which are new or existing, they should do their bookkeeping in a desktop software and probably not sure about why using cloud based accounting application like GovReports could actually be beneficial. Yep, a desktop application has the consistency to work as long as having the electric power. A User felt happy to use the desktop-based system for their accounting work, when uninterrupted access to your information is critical. However, desktop version also needs yearly subscription cost and it leads to sit in the location where the desktop placed. It is not at all good to handle this during COVID situation. Thus, there is a solution to resolve all the Tax and account filing requirements through cloud based web based application and its name is GovReports. People are afraid to come forward out of the home to produce the papers to tax accountant who is having desktop version. At that time, spreading of virus may increase. Cloud software minimizes paperwork and saves the time a lot. P Positive Vibes on GovReports ositive Vibes on GovReports web web based based application application •It is quite simple to set up the software and to use by login with the credential •It is easy to send the Invoice and easy to allocate the payments against such invoices through online. Customize option provided in Email template. •Allocation of banking transactions under bank feeds by using import bank statement in the software is a popular one. You need to allocate to the respective account head based automated tool. Manage rule is one of the major feature which is available in bank feeds to allocate the transaction. •Bank reconciliation process automatically done when all the transactions allocated properly. •Payment to staffs and its payment made simple with the inbuilt features of the software. •Prompt management of all business activities under a single login.

2. •Proper validations like HSN/SAC lookup, Account validations are provided as per Tax Law. •Instant Tax reports are being ready based on the user feeds. •Automated calculations available for Accounting and Tax and accounting return filing. •Import and Export option is used for the user who wishes to use spreadsheet maintenance of data. •Like tax instant reports, quick access to accounting reports is quite interesting for a bookkeeper. •Tax services which connect GovReports from/to the GovReports tax and accounting ledger portal by transforming data between them. What to be expect apart from this? What to be expect apart from this? •The Client can easily access the books of accounts at their work place. Of course, there is no need to bring any email to the clients by sending reports for their confirmation. •With the User license, staff member doing the client activities from their login •Need not worry about Updating of software, as it may easy to log in anywhere and anytime with internet. •No Paperwork which saves our environment healthier •Backup and Restore data need to make frequent in desktop version. It consumes system memory also. No worries on cloud based application. •Safety and Security, which creates confidence with clients by protecting their valuable data in an encrypted data. •Best Customer support whenever user having struggled or queries related to tax and accounting business ledger. •Client and Office Management is an additional tool which helps to control and manage the clients and office infrastructure •Referral benefits which provides indirect employment •Health checkup report given by the experts to know about the status of Filed tax returns and business accounts in the portal

3. Quite simple, the online accounting web based application is easy to handle the user tax and business accounting requirements from anywhere with internet. Be safe and keep COVID away!!!!