Best E-Invoicing Software for Small Businesses

Worried about shuttling between your accounting software and GST portal to generate E-Invoice? Switch to BUSY which connects seamlessly with the GST portal and generates E-Invoice automatically. This helps you generate error free e-invoices very quickly. Besides this, Busy also provides a host of other inbuilt GST features like:

Auto E-Way Bill Generation
Auto GSTIN / HSN Validation

Auto GSTR-1 / 2A / 3B Reconciliation
E-Returns in JSON format

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Latest update: From 1st October 2022, E-Invoicing is mandatory for all businesses with turnover exceeding 10 crores. Learn more about this update in this article.

Why Choose BUSY Accounting Software ?

Scalable as per your

growing business needs.

What is E-invoicing Software?

Generating invoices and constantly switching to accounting software can be a consuming process. BUSY offers a comprehensive solution to generate e-invoices in a hassle-free manner. With our e-invoicing software, GST compliant invoices can be generated and manged online. Diverse business needs are addressed by this best e-invoicing software in India . Multiple invoices can be generated simultaneously with BUSY effortlessly.

How BUSY simplifies GST e-invoicing software

In the hectic life, multitasking is one of the integral components of accounting processes. BUSY is the one-in-all GST e-invoice software that makes daily workflow processes easier and better. Here’s how our invoicing software makes the accounting operations simplified:

Generate invoices online and directly upload them
Data validation before the invoice gets uploaded directly
Track outstanding e-invoices with ease
Cancellation of e-invoice software in India automatically

Generate complete and ready-to-use E-invoices

Auto E-invoice bill generation
Auto GSTIN/ HSN validation
Auto GSTR-1/2A/3B reconciliation
E-returns can be filed in JSON format
Enter a sales transaction
Check the list of errors in the invoice and finalize the copy
Receipt of digitally signed e-invoice will be sent back to the seller or the receipt can be printed
Multiple e-invoices can be generated for various transactions simultaneously

How BUSY helps businesses effortlessly generate e-Invoice?

The e-invoicing feature introduced by BUSY caters to a variety of businesses by helping them effortlessly
generate E-Invoice for their business without even going to the portal. It is highly accessible and scalable
and allows lakhs of invoices to be generated at one point of time.

Error Checking

Before generating E–invoice, Users can check the possible errors that may cause problem while generating E–invoice. BUSY provides complete list of errors encountered in data and User can rectify them before generating the E-invoice

Single click E-Invoice

E-Invoice for multiple vouchers can be generated using a single screen. BUSY provides a utility wherein you can select multiple vouchers using a single screen and generate separate E-invoice for each transaction.

Auto E-invoice Cancellation

Auto cancellation of E-invoice on cancelling the existing voucher. BUSY will automatically cancel the E-invoice if the bill for which it was generated gets cancelled.

Why you should choose BUSY’S e-invoice software in India?

BUSY software has been designed to facilitate customized needs of e-invoicing keeping in mind the latest considerations and guidelines of GST. Besides, the additional costs are reduced by efficient and paper-less invoicing system. The optimal utilization of BUSY offers increased productivity to businesses while automating the workflow processes. Besides, following are the top reasons to choose this best e-invoicing software in India:

Improve customer and supplier relationship
Reduce carbon footprints
Enhance GST compliance
Shorten payment cycles

What is E-Invoicing?

GSTN electronically validates B2B invoices under the "e-invoicing" or "electronic invoicing" system before being used on the public GST portal. Every invoice issued under the electronic invoicing system will receive an identification number from the GST Network-managed Invoice Registration Portal (IRP). For more information on e-way bills, you can read our e-invoicing guide.

Who must generate an E-Invoice?

E-invoicing has already been adopted for companies with a 50 crore annual revenue; starting in April 2022, the current phase will also apply to companies with annual revenue over 20 crores. E-invoicing will be required beginning on October 1, 2022, for companies with a yearly turnover of more than 10 crores.

E-invoice will be relevant to your company if your annual turnover exceeds 10 crores, and you must electronically upload all B2B and B2G invoices to the portal. The e-invoice must be generated appropriately and uploaded to the IRP portal. The IRP portal will verify the invoice data, which will return the file with the IRN and digitally signed QR code.

Benefits of E-Invoicing

Saves Time:

All businesses benefit from the time saved through the e-invoicing facility. Generating an e-invoice is entirely digital and takes only a few minutes. Earlier, generating invoices and uploading the invoice information to the government portal for filing returns took a lot of time. The time needed to process, track, submit, and approve invoices has lessened. Employees may spend more time concentrating on other areas of the organisation.

Accuracy:

E-invoicing has several advantages, including improved accuracy and reduced human error, as no manual data entry is required. The data is directly obtained from the e-invoices, and since the billing systems also keep track of the data, it further assures no errors are committed during e-invoicing. Better transparency will be possible, and the high accuracy of e-invoicing is an advantage. Since there are no errors in e-invoices, communication between buyers and vendors will also improve, saving time throughout the process.

Cost-effective:

Businesses can save money by using e-invoicing instead of the traditional methods of invoicing and reporting. Since everything is done digitally, businesses may save more money.

Ease of financial operations:

One advantage of electronic invoicing is its convenience. The financial procedure wasn't as easy or simple for MSMEs before the introduction of e-invoicing as it is now. E-invoicing provides relief because it ensures that the administrative job doesn't take as much time. This is helpful given that these organisations frequently have a heavier workload and must manage many company components. While e-invoicing is less onerous, traditional invoicing requires a lot of time and effort. Good software programme like Busy Accounting Software has made it simpler for businesses to generate e-invoices quickly.

Data Security:

One of the key benefits of e-Invoicing for businesses is that it ensures data security. Before, invoices were not secure, and there was a greater risk of tax leakage and fraud—some companies engaged in malpractices by using fake invoices. The probability of fraud has significantly diminished since e-invoicing was introduced because it is impossible to create and submit a fake invoice. Data security and the validity of all electronically generated invoices are ensured through their authentication.

Increases Productivity:

In MSMEs, e-Invoicing can increase productivity. In the past, creating invoices was a laborious operation. Additionally, if a mistake was detected or a disparity brought on by human error, the issue had to be fixed before generating the invoice again. Since e-invoicing takes less time and enables personnel to concentrate on other tasks, there is no longer a need for such an endeavour.

Tracking of E-Invoices:

E-invoicing benefits the corporate environment since it makes tracking more convenient and easy. Because all the information submitted in the e-invoice is instantly saved and available to you whenever necessary, it also gives you more control. Businesses can more quickly predict whether their business is moving in the direction they want with the help of e-invoicing. You can find in-depth information about how well or poorly your company is doing with the aid of quality e-invoicing software, like Busy Accounting Software.

How can E-Invoicing prevent tax evasion?

E-invoicing has several advantages, one of which is that it can prevent tax evasion. The probability of amending an e-invoice is limited because the invoice is prepared before any transaction takes place. Another benefit of using an electronic invoice is that it gives the authorities access to real-time data on all transactions. Due to automation and extensive checks, e-invoicing significantly reduces the number of fraudulent GST invoices and assures that input tax credit is claimed on valid GST invoices. It is simple for GSTN to find someone who tries to submit a fake tax credit claim.

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Testimonials

Niraj Gupta

Managing Director
Rachna Sagar Pvt. Ltd.

"We are using BUSY for the past 20 Years. With its comprehensive feature capabilities like Multiple branch management, Multiple Godown management, GST, Royalties, etc. It played a pivotal role in our success and has made managing our business with ease. It is a kind of magic wand if you wish anything they give it to you."

Amit Saraf

Managing Director
IMS Mercantiles Pvt. Ltd.

" In BUSY, Managing Inventory at various locations, Serial No.-wise tracking, Different Pricing for various SKUs has proved to be a boon for us. The backup utility program present in BUSY keeps us worry-free and allows you to focus on your work. BUSY is a Customer Friendly Software Company with amazing backend support. "

Rajan Dhingra

Managing Director
DNS Global

" For accounting we are mostly dependant upon BUSY. It is very user-friendly and we have been using it for past 25 years for catering our clients of various business segments. Implementation of GST is the smoothest in BUSY. At click of a button you can come out with GST Returns and GSTR 2A Reconciliation is also very smooth. "

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FAQ`s

1. Which goods and services are now covered by e-invoice?

E-invoicing now covers exports, deemed exports, B2B supplies to registered individuals, SEZ supplies (with or without payment), and exports (with or without payment).

2. Should SEZ Developers issue e-invoices?

Yes, provided that they meet all requirements and have the specified turnover. Only SEZ Units are exempt from issuing e-invoices according to Notification (Central Tax) 61/2020 dt. 30-7-2020.

3. E-invoice schema: What is it?

Schema simply refers to a well-organised template or framework. Electronic invoices are typically formatted using the "e-invoice" schema. It has been notified as "Form GST INV-1."

4. How many line items in total can be reported on an invoice?

The limit is currently set at 1000. Future improvements will be made under demand.

5. Can I print an e-invoice?

Yes. Your ERP/Accounting/Billing System can convert the signed JSON when the IRP returns it into PDF and print it if required.

6. Is the e-way bill still required with the introduction of e-invoicing?

Yes. The e-way bill is still required wherever goods are being transported.

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Best E-Invoicing Software for Small Businesses