Applying Tax Deducted at Source (TDS) advances on invoices refers to the practice of deducting tax from a payment before it is made to the supplier or service provider, based on the applicable TDS rates. In our previous blog for Sage Intacct , we discussed the process of TDS deduction on Accounts Payable Advances. In… Read More: Applying AP Advances on AP Bills in Sage Intacct »
In our previous blog, we discussed the GSTR2 Report, which is part of our India Pack Report. In today’s blog, we will provide a detailed discussion on the Sales Journal Report in Sage Intacct ERP. A Sales Journal Report is a detailed record of all sales transactions within a specific period. It captures key details such as invoice numbers, customer information, products or services sold, quantities, prices, discounts,… Read More: Sales Journal Report in Sage Intacct »
In Sage Intacct, The fundamental idea behind the consumption-based Goods and Services charge is to charge value added at every level of the company’s operations. Additionally, any tax paid on purchases may be credited or set off against the output or income liability. All transactions involving goods and services are subject to this tax. As… Read More: Sender Details Configuration of GST Application in Sage Intacct »
Sage Intacct’s cloud-based financial management solution is well integrated with the AI to grow with your business. Its AI-powered features help in time management, effective costing, providing deeper financial insights and improve decision-making with real-time data. The hospitality industries considering hotels, restaurants and tourist agencies need to provide exceptional guest experiences. Along with properly featuring… Read More: Enhancing Financial Management in the Hospitality Industry with Sage Intacct… »
In today’s rapidly evolving organizations, Enterprise Resource Planning (ERP) plays an important role in streamlining operations, enhancing productivity, which is useful during decision making. Having quick access to accurate and useful information is a key for making the best-informed decisions. While ERPs are very impressive tools for storing and organizing information, extracting this data in… Read More: Ledger Reporter »
The Tax Deducted at Source (TDS) add-on in Sage Intacct enables tax deductions at a fixed percentage before releasing payments to recipients. In our previous blog post, we covered the process of TDS deduction on accounts payable bills. So in this blog we will see the TDS deduction on AP Advance transactions. New Stuff:- GSTR2… Read More: Exploring TDS Deduction on AP Advances »
In our previous blog, we discussed the GL Voucher Report, which is part of our India Pack Report. In today’s blog, we will provide a detailed discussion on the GSTR2 Report in Sage Intacct ERP. The GSTR-2 is a tax return under India’s Goods and Services Tax (GST) system, focusing on purchase-related transactions. It captures details of all inward supplies (purchases) made during a specific tax period. Filed… Read More: GSTR2 Report in Sage Intacct »
In Sage Intacct, we have introduced a new Application for Tax Deducted at Source (TDS), designed to streamline TDS transactions with minimum clicks. Based on Indian taxation rules, this application simplifies the TDS process for users. In our previous blog, we explored the features and functionalities of Sage Intacct TDS in depth, providing a thorough… Read More: TDS Setup Configuration in the Sage Intacct »
In this blog, we will discuss the Goods and Services Tax features and why to use Goods and Services Tax in the Sage Intacct. New Stuff: TDS Deduction Process on Accounts Payable Bills GST is an abbreviation for Goods and Services Tax, which is an indirect tax imposed on the provision of goods and services.… Read More: Goods and Service Tax (GST) for Sage Intacct »
Sage Intacct has introduced a new application Tax Deducted at Source (TDS). TDS is an essential part of the tax system that guarantees revenue collection and compliance. It is a system that deducts a predetermined percentage of taxes from payments for a variety of transactions, including interest and salary. In previous blog we have explored… Read More: TDS Deduction Process on Accounts Payable Bills »
