As we all know GST has been introduced in India, since 1st July 2017 and Sage 300 ERP is GST configurable. But to halt a day to day transactions of the user to configure GST would be not practical for the customers who will be doing a thousands of entries on daily basis, so to save customer time we came up with Goods and Service Tax, which is an integrated module for Sage 300 ERP that automates configuration & provide a reports which is required as per Indian compliance.
GST module for Sage 300, provide automation that gives ability to create configuration on one click. This helps user to save manual work and all the statutory fields created automatically which are required to be captured on the reporting and on registers.
Once you install GST module, you can see separate module as “Goods and Service Tax” on Sage 300 Desktop. Here you can find setup, Transactions and Reports as three sub modules. We will look at it one by one. First in the configuration part, there is an option screen which help us to create automatic statutory fields and sample Tax configuration.
If you see, there are two buttons, one is “Create tax configuration” and “Create Optional field”.
When user clicks on “Create Optional field” button, it will create all the required statutory fields required for GST configuration.E.g. GSTIN (Goods and Service Number), ORGINVNO (Original Invoice Number), ORGINVDATE (Original Invoice Date), ITEMTYPE (Item type), HSNCODE (HSN Code) etc.
This are the fields get automatically bind to masters and transactions like, HSNCODE will get bind to Item master, GSTIN will get bind to Customers and Suppliers. Some of them get bind to transactions where user can input the values during the data entry.
In this way GST module makes an easy for an ERP user to configure the statutory fields. Similarally we will see tax configuration in our next blog – Read now
Greytrix a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.
Greytrix offers unique GUMU™ integrated solutions of Sage 300 with Sage CRM, Salesforce.com and Magento eCommerce along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works. We also offer best-in-class Sage 300 customization and development services and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as GreyMatrix, Document Attachment, Document Numbering, Auto-Bank Reconciliation, Purchase Approval System, Three way PO matching, Bill of Lading and VAT for Middle East.
For more details on Sage 300 and 300c Services, please contact us at [email protected]. We will be glad to assist you.