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It helps in identifying Supplier Wise Reconciliation & Invoice Wise Reconciliation
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It helps to mark invoices as pending for ITC to next month
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It helps to claim partial ITC of the total invoice value
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It gives report like Excess of 3B over 2B/2A and Books
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Send Auto 2A/2B Reco summary mails to suppliers/clients
The Best GSTR 2A and 2B Reconciliation Online Software to Claim Maximum & Accurate ITC - Express GST
When it comes to GSTR2A/2B reconciliation and maximization of actual ITC, none can beat the Express GST as it calculates the accurate maximum ITC eligible and also assists in tracking the ITC claimed and this is what makes it the best online GSTR 2A and 2B reconciliation software.
What is 2A/2B Reconciliation?
View a summary of your client's / organization's Supplier wise reconciliation
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It is the Reconciliation for the ITC as Per Books and the ITC as per Auto-Drafted summary.
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The term "input credit" refers to the ability to deduct the tax you have previously paid on inputs when filing your output tax return and pay the remaining balance.
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So naturally, it is at the interest of the tax payer to find out the maximum possible accurate ITC that he can avail so that his output tax liability is minimal.
How Express GST Helps in Maximizing the ITC?
KDK ExpressGST is the best matching tool with logic that if any invoice is left out or even if there is a 90% matching of invoice number in your books with your invoice as per portal 2B draft summary, the software will classify it under partial / Matched status.
In express GST, Matching of Invoices is categorized into 4 types of statuses as explained below:-
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Matched: Invoices which were found in books as well as on portal and the amount is matched.
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Partially matched: Invoices were found in books as well as on portal but there is a difference in the amount.
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In 2B only: Invoices are found on portal in 2B only.
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In Books Only: Invoices are found in books only, no corresponding invoices are found on portal.
By this categorization, each and every invoice goes through a sort and filter process and the chances of losing or missing on any particular invoice are almost negligible, which enhances your ITC to the maximum.
In Express GST We have 3 Types of Reconciliation Views:
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Supplier Wise: This type of reconciliation is useful when you want to check the supplier-wise difference in tax or taxable value.
It is done by sorting Invoices by supplier’s name and checking if the invoices of a particular supplier present in 2A/2B are also present in books or not.
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Invoice Wise: Here we have to view invoice-wise data reconciliation as per books and as per 2B.
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Month Wise: In this type, the user gets the reconciliation done month-wise.
This type of rigorous and extensive use of logic makes it possible to check how user can maximize the ITC.
This reconciliation tool is effortless to use. GST portal data gets synced by its own and user has only to Import the books in Excel format.
One can import the books monthly or annually, the software will run the reconciliation annually, and hence missing of any eligible ITC within 12 months is next to impossible.
For corporate users the software has one additional tool for ITC tracking, which reconciles all your ITC and even keeps the track record of any ITC not claimed or pushed to be taken in subsequent months.
This unique feature makes ExpressGST the first choice for CAs, Tax practitioners, and corporates.
The Best GSTR 2A Reconciliation Online Software in India
Since its launch Express GST has been proven to be the best GSTR 2A reconciliation software in India. What makes it even better is you can perform reconciliation online anytime anywhere on the go.
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ITC is used to prevent tax cascading. In plain English, "tax on tax" is what is meant by cascading taxes.
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So it is the important aspect in GST to avoid paying those taxes which are already paid and to avail the maximum possible ITC to avoid paying extra taxes.
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This hardship of "working out" the ITC available is very technical and cumbersome exercise for CAs and tax practitioners because they have huge client databases.
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It is the usual practice to download auto-drafted 2A Excel from GST portal and Prepare books Data and then apply Excel formulas like V-lookup and calculate the ITC available. Then Saving and maintaining these many Excel reconciliations of all clients is again a cumbersome job.
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So after tapping this pain point, Express GST worked upon to develop the best reconciliation tool which requires almost no manual intervention.
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The reconciliation tools only require your books data to be imported and your portal data gets synced automatically. In 2 Simple Steps, all your ITC availability gets worked out within few minutes.
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This quick, easy, and fast reconciliation method impressed our users which made Express GST the best Software in the industry for GSTR 2A /2B reconciliation Online in India.
By this categorization each and every invoice goes through sort and filter process and the chances of losing or missing on any particular invoice is almost negligible, which enhances your ITC to maximum.
A Preferred GSTR 2B Reconciliation
Online Software for CAs, Tax Practitioners, & Corporates
The usability, online access, and advanced features make Express GST
a preferred GSTR 2B reconciliation online software choice among CAs, tax practitioners, & corporates.
Due to the GST law complexity and multiple compliances, it is difficult to find professional personnel with the most recent GST subject knowledge and training. This has increased the workload on employees across all businesses and created a pressing need for more GST-skilled people to guarantee a speedy implementation, which increases the operation cost.
In such a scenario, Express GST proves to be the best friend by not increasing the operation cost but sharing the workload.
The "anywhere", and "anytime" concept makes Express GST the easiest yet accurate GSTR 2A/2B reconciliation tool. It has made ExpressGST software the preferred choice among the Taxation and accounting professionals.
2A/2B Reco Tool is a tool to ensure that your time and efforts are
saved and you are able to claim maximum ITC.
Claim Maximum ITC with Super Simple and Smart 2A/2B Reconciliation
- Complete Your 2A/2B Reconciliation in 5 minutes.
- Intelligent mechanism with Advance Logics to identify Matches and Mis-matches.
Multi-Period Selection for 2A/2B Reco
2A/2B Reco Yearly, Quarterly & Monthly Option.
Multiple View
- Consolidate Supplier Wise & Invoice wise View.
- Side by Side view & No horizontal scroll.
Aggregation & Matching
- View amended invoices in case of amendment.
Tolerance level Customization
- To focus on real difference in 2Reco.
Choose & Change base period to Reconcile
- Make 2A/2B Period as base data or.
- Books Period as base.
Excel like functionality
Import data in bulk and reconcile with 2A/2B data in no time.
Four important yet easy matching status
Matched, Mismatched, Only in 2A, Only in Books.
Reports & Email
- Get reports of Matched, Mismatched & Email to suppliers instantly.
Process Your Data by Just Importing Your Purchase
Register Upload 1000 of Invoices in 1-Click
Start Matching To View
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Match Option Monthly / Multi-Month / Annually.
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Do Reconciliation by 2A/2B Data or Books Data.
And You Are Done.................
Get your Max ITC Claimed
Send Email to Supplier of 2A/2B Reco Report
How 2A/2B Reco Tool can help me (USPs)?
2A/2B Reco Tool offers a wide range of features
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Smart Annual Reconciliation.
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Intelligent mechanism to identify Matches and Mis-matches.
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Consolidate view to figure out Supplier-wise Matches and Mis-matches.
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Matching amended invoices with original ones to eliminate any duplicacy in Invoice.
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Send emails to your clients - Supplier Wise and Invoice Wise Reco, so that they are well aware of any conflicts between their Books and 2A/2B data.
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Import data in bulk and reconcile with 2A/2B data in no time.
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One-click company creation.
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2A/2B Wise Books and Wise Data viewer.
2A/2B Reco Tool By Express GST Is Loaded with Features
to Help you complete your 2A/2B Reconciliation in 5 Minutes
Super-fast Reco Engine with efficient queries brings the most accurate 2A/2B Reco results
Data Import
2A/2B By Express GST is fast as it takes just few minutes to complete your reconciliation. It has bulk import of invoices with match/mismatch process, so that you can view mismatch status in one view. Import Purchase Register data in bulk in any of the below and reconcile with 2A/2B data in no time. All types of excel templates are supported to import Purchase Register data immaterial of extension, column placement and data format:
Various formats supported are:
Choose & Change base period to Reconcile
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Make Books Period as base Or
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Make 2A/2B Period as base Or
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Make 2B Period as base
Your Reconciliation data is ready to view with inbuilt Intelligent mechanism
Consolidate/Aggregate view
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The 2A/2B Reco by Express GST comes with aggregation feature and the invoice items are aggregated on the basis of Supplier GSTIN and Invoice No. and it errors out mismatches like B2C transactions, tax Value etc.
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View data by 2A/2B Period or by Books Period as per your convenience.
View amended invoices
It Automatic replaces Regular Invoices with Amendment invoices. Reconciliation has always been a pressing points for anyone who has to handle big chunks of data and that too with an amendment. With 2A/2B Reco Tool by Express GST, amended Supplier invoices are automatically taken care and system run reconciliation on latest invoice(s).
Side by Side view (with No horizontal scroll)
Side by side view of 2A/2B vs Books records for better readability and to easily locate the record that either could not be found in 2A/2B record or Books records.
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Matched - View Matched Invoices supplier-wise
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Mis-matched – View Mismatched Invoices
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Only in 2A/2B – View Data which is not in books but in 2A
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Only in Books – View Data which is not in 2A/2B but in Books
Tolerance Level to ignore and match records within the set limit for Taxable Value and focus on real differences (records mismatch due to rounding off etc are automatically ignored).
Supplier Wise Reco Summary
View summary of your client's / organization's Supplier wise reconciliation
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Get Period-wise count of records with different statuses for each supplier.
Invoice Wise Reco Summary
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View summary of your client's / organization's Invoice wise reconciliation
Identify GST defaulting suppliers and reduce your losses due to not claimed ITC - Claim Accurate Input Tax Credit
Search Sort Filter
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Options similar to Excel in multiple fields
Multi-Period Selection for 2A/2B Reco
2A/2B Express is not limited to Month wise reconciliation, but it also allows users to do 2A/2B reconciliation by selecting multiple months or Quarter or Annual 2A/2B Reconciliation. This gives a complete holistic view of mismatches and helps the user to take informative decisions rather than doing estimation and making guesses about availability in different periods. This helps purchaser user to take the decisive call as at times when the invoices are not uploaded in the same period month but in the other period.
Try 2A/2B Tool for Free90% Time is saved, if compared with other tools. Gives You 99% Accuracy
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2A/2B Express GST is super-fast and comes with features loaded so that user is able to perform 2A/2B Reco quickly and gets a qualitative output to help him to claim maximum ITC. It will auto consider Amended invoice in place of original invoice, thus the chance of duplicity is avoided.
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The Software uses a smart Annual Reconciliation technique to identify and pick invoices and match them across the Financial Year.
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The Intelligent mechanism to identify probable matches.
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Reconciliation that is not just limited to GSTIN Number and Invoice Number but beyond this with Advance logic.
Reporting & Email in Excel
Get and send Reconciliation reports to your clients via emails. This further helps your supplier to know about the mismatch and update the invoices so as to get them in 2A.
The reports available in 2A/2B by Express GST are:
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Supplier Wise Mismatch Reports
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Invoice Wise Mismatch Reports
Send an email to your clients in detail as an Excel attachment
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Supplier Wise Reconciliation
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Invoice Wise Reconciliation
You can also take the output of reconciled data in Excel to share further.
Try 2A/2B Tool for FreeIntuitive Interface and User-friendly
2A/2B Reco Tool is user-friendly with efficient user interface. It is not unlike other applications. 2A/2B Reco Tool offers such an interface that is useful, user-friendly, meaningful, capable of solving the discrepancy issues, and business needs without getting lost and confused while working on different aspects of 2A/2B Reco.
2A/2B Dashboard
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All clients created in Client Master appears here.
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Single click client creation: Profile data gets auto-populated for the clients in no time.
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Deactivate your clients if you are no longer in business with them.
2A/2B Reco is on Cloud
2A/2B Reco by Express GST comes on the cloud thus giving you additional benefit
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Increases Flexibility - Work Anytime Anywhere on any device:
One of the prime benefits of using the cloud based 2A/2B Reco Tool software is that it saves your time through seamless collaboration. It helps in letting multiple team member’s work, from multiple locations. This becomes time-efficient option for working with the clients as the stored information of a client can be accessed from anywhere, which means you don’t have to be in your office to help a client with anything related to the 2A/2B Reco.
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Lower TCO (Total Cost of Ownership).
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Better Collaboration with Different Stakeholders.
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Secure Data Storage.
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Doesn't Require A Firewall.
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Increases Flexibility.
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Auto Update and Auto Backup for Better Performance No Installation required on Your Desktop/Laptop.
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No need to store data on your Desktop / Laptop.