Compare Hisab vs. Octa GST

Hisab simplifies the process of generating and dispatching professional invoices through SMS and email to your clients. By using Hisab for invoicing, you can save time and accelerate your payment collection. It's important to ensure your contact details are always up-to-date, and you can also monitor the transaction activities of your contacts. The platform allows you to make a single payment for multiple transactions, whether they are payable or receivable. Additionally, you can manage your high-value product inventory by tracking individual units using serial numbers. Hisab also facilitates the tracking of purchases and sales for warranty purposes, ensuring you have accurate records. You can send invoices in the currency preferred by your customers and record payments in their currency while allowing Hisab to monitor any gains or losses from currency fluctuations. Moreover, you are able to conduct transactions in foreign currencies while maintaining your accounting in your local currency, providing flexibility in managing your finances. This comprehensive approach helps streamline your financial operations and keeps everything organized.

The implementation of GST has brought a renewed optimism for the simplification of the complex landscape of indirect taxes in India. This streamlined tax system has paved the way for innovative software solutions that can enhance the efficiency of both tax professionals and business owners. The software allows for detailed reconciliation at the supplier level or even at the invoice level, enabling users to reconcile transactions over various time frames, such as monthly, quarterly, or annually. Furthermore, it offers flexibility by allowing users to include or exclude reverse charge invoices and to disregard minor discrepancies in order to concentrate on more significant variances. The advanced features include intelligent linking of invoices based on patterns in invoice numbers, which facilitates comparison even when invoice numbers differ. Users can easily export mismatch reports in Excel format, and they have the option to filter invoices based on their mismatch status. This tool is capable of finding and matching invoices across all periods, providing a comprehensive reconciliation capability for any custom timeframe. It also summarizes overall data and period-specific information, including invoice mismatch summaries and reconciliation of summary data like B2CS. By allowing users to ignore minor differences and employing pattern-based invoice number matching, the software stands out as a valuable asset for effective tax management. Through these capabilities, businesses can achieve greater accuracy and efficiency in their tax reconciliation processes.