Accounting Software That Keeps Your Books and Your GST Returns Accurate — Automatically

Online accounting software for Indian businesses must go far beyond basic bookkeeping. India's GST regime requires every transaction to be correctly classified for GST output liability and input tax credit. TDS must be deducted on vendor payments at the right rate and deposited monthly. Bank reconciliation must account for UPI, IMPS, NEFT, RTGS, and cheque transactions. Annual statutory requirements like 26AS reconciliation, audit reports, and Form 3CD compliance add further demands. ASTech ERP's accounting module is built for this Indian context. It handles double-entry accounting, GST calculations, TDS management, and bank reconciliation in a single online system. Because the accounting module is integrated with the invoicing, purchase, and payroll modules, your books are updated automatically as you run your operations — no separate data entry required.

Get Started FreeView Pricing

Double-Entry Accounting for Indian Business Owners

Double-entry bookkeeping is the gold standard for business accounting and the basis of all regulatory financial reporting in India. Every transaction has two sides — a debit and a credit. When you sell goods, you debit accounts receivable and credit sales revenue. When you receive payment, you debit your bank account and credit accounts receivable. This system ensures your trial balance always tallies and your financial statements reflect the true financial position of your business. ASTech ERP implements double-entry accounting automatically — you do not need to know the debit/credit entries for every transaction. The system creates them for you based on the type of transaction. For the accountant or CA who reviews your books, they see proper double-entry records. For the business owner creating invoices and recording payments, the interface is simple and operational.

GST-Integrated Accounting: No Double Data Entry

The biggest inefficiency in traditional accounting setups in India is double data entry: transactions are first entered in the billing software (Vyapar, POS system) and then re-entered in the accounting software (Tally, Zoho Books). This duplication takes time and introduces errors. ASTech ERP eliminates this by being a single integrated system. When you create a sales invoice in ASTech ERP, the accounting entry is posted automatically — revenue recognised, GST liability recorded, accounts receivable updated. When the customer pays, the bank entry and GST offset happen automatically. By month end, your GSTR-1 data, your accounts receivable aging, and your P&L are all derived from the same transactions — consistent, accurate, and requiring zero reconciliation between systems.

Bank Reconciliation in the Digital Payments Era

Indian businesses now receive payments through UPI, IMPS, NEFT, RTGS, cheques, and cash — sometimes all in the same day. Reconciling your bank statement against your accounting records used to be a tedious manual process. ASTech ERP's bank reconciliation module accepts bank statement imports in CSV format (available from all major Indian banks' net banking portals). The system auto-matches bank transactions to your recorded receipts and payments using amount, date, and reference number. Unmatched items are flagged for review — typically these are bank charges, interest credits, or transactions not yet recorded in the books. A reconciliation that used to take 2–3 hours is typically done in 20–30 minutes with ASTech ERP.

Frequently Asked Questions

Does ASTech ERP generate financial statements that a CA can use for audit?+
Yes. ASTech ERP generates Trial Balance, Balance Sheet, P&L Statement, and Cash Flow Statement in formats compatible with Schedule III of the Companies Act. These can be exported to Excel or PDF and provided directly to your CA for audit purposes.
Can I track cost centres and department-wise profitability?+
Yes. Cost centres allow you to tag revenue and expenses to specific departments, projects, or locations. Cost centre-wise P&L reports show profitability per segment, helping you identify where to invest and where to cut costs.
How does ASTech ERP handle depreciation on fixed assets?+
Fixed assets are recorded in the Fixed Assets module with purchase date, cost, depreciation method (SLM or WDV), and useful life. Depreciation is calculated automatically each month and posted as a journal entry. The system maintains an asset register and net block schedule for audit and ITR purposes.
Can multiple accountants work on the books simultaneously?+
Yes. Multiple users can work on the accounting module simultaneously from different devices. Role-based access ensures that junior accountants can create entries but not approve them, while senior accountants have full access. All actions are logged in the audit trail with user identity and timestamp.
Does ASTech ERP support Form 3CD (tax audit report) requirements?+
ASTech ERP maintains the transaction records required for Form 3CD. Specific clauses like TDS deducted and deposited, payments to specified persons, and capital gains can be extracted from the relevant reports. Your CA can use these reports to prepare Form 3CD without having to manually extract data.

Explore More

Ready to Get Your Business Online?

Join businesses across India already using ASTech ERP to manage their operations and grow online.

Get Started Free