Best GST Billing and Inventory Software

Inventory Billing Software

For any business that wants to grow, it is very important to efficiently manage inventory and billing processes. Outdated systems or manual processes will bring inefficiencies, errors, and missed opportunities. That is where inventory billing software comes into action. Inventory billing software is a total game changer for managing stock and stock demand.

What is Inventory Billing Software?

Inventory billing software is a computer-based tool that combines billing and inventory management in a single integrated unit. It enables businesses to issue Invoices, control stock levels, track expenses, and create financial reports, all while remaining compliant with tax regulations. Whether small or big inventory billing software automates repetitive tasks to speed up your process, add accuracy, and save time.

Why Does a Business Need Billing and Inventory Software?

In this modern day and age, where everything is fast, billing, and inventory management on a single platform is a must. Here’s why:

• Accuracy and Automation: Manual entry can be error-prone. Robotic process automation offers accuracy in bill generation and inventory updation.
• Improved Efficiency: Less time spent on manual tasks means your team can work on more strategic objectives.
• Real-Time Insights: Stay up to date with stock numbers, sales, and outstanding payments to make informed decisions.
• Cost Effectiveness: Eliminate administrative costs and avoid potential loss from overstocking or stockouts.
• Compliance with Regulations: Easy compliance with GST and other tax guidelines.

Key Features of Refrens Inventory & Billing Software

Refrens is one such versatile and functional platform personifying Indian business need. Here’s why :

Billing Features

Customizable Invoices: Create professional GST and non-GST invoices with custom branding.

• E-invoices and E-way Bills: Create the necessary e-invoices and e-way bills in order to conform to government stipulations.
• Track Payment: Track payment and send automatic in case of overdue payment.
• Recurring Billing: Automates the entire billing process by charging customers on a set schedule without manual intervention.
• Multiple currency support: Create and manage invoices in multiple currencies for international customers.

Inventory Features

Automatic Inventory Update: Whenever you create an invoice or it is an expense, the stock levels are updated instantly.

• Vendor Management: Keep a track of the suppliers and transactions made.
• Reports on Product Profitability: Figure out which products are doing the best and which ones need some work.
• Accounting Capabilities: Get comprehensive accounting reports including balance sheets, P&L accounts, GSTR reports, and trial balances, and many more.
• Credit/Debit Notes: Adjustments of billing problems are quite simple with this feature.
• Integrated Expense Management: Refrens makes expense management a hassle-free activity since non-manual records are constantly updated in respect of costs incurred on inventory acquisition, or employee or business running expenses. This aspect of the Refrens gives a complete picture of the business expenditure to make future projections.
• Multi-Entity Management: Having more than one business? Switching between entities in Refrens is seamless and convenient and all records of various entities are kept discrete.
• Multi-User Facility invites your team members onto your account and designates their roles to control the level of access given to them. Regardless of who is performing the task whether the accountant or the sales crew, the whole team can efficiently complete assigned tasks on one platform.