GST E-invoicing

by UniBill App GST Billing Software

Review on GST E-invoicing

Inventory management helps companies to identify which and how much is stock to order and at what time. It also tracks inventory from purchase to the sale of goods, this practice also identifies and responds to the trend so that it will ensure that there is always enough stock to fulfill the orders of customers and proper warning in case of any shortage. Once sold, inventory becomes revenue. So before it sells inventory tie-ups with the cash.

Therefore too much stock always costs money and it reduces cash flow. One measurement of good inventory management is to calculate inventory turnover and accounting measurement. Accounting turnover also reflects how often the stock is sold in a particular period. Inventory Management is vital to the health of a company because it helps in making sure that there is really too much or too little stock on hand and it limits the risk of stock out and inaccurate records.

Public companies also take inventory as a requirement for compliance with the SEBI rules. The two main benefits of inventory management are that first, it ensures you can fulfill incoming or open orders or raises profits along with this it also helps in saving money or improving the cash flow. Inventory is often called stock in retail businesses, manager frequently used the term stock on hand, this refers to the products like housewares or apparel.

E-invoice is a system in which B-to-B invoices are authenticated electronically by GSTN for further use on the common portal of GST. Under this electronic invoicing system, an identification number will be issued against every invoice by the invoice registration portal or IRP that is to be managed by the GST network.

For More Details: -
Contact us: - +91 - 7078602005
Visit Us: - https://unibillapp.com

Related to GST E-invoicing

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Dec 27th 2022 22:56. Viewed 212 times.

Comments