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Marg Customers & Business owners have a reason to celebrate, as Bijlipay is now integrated with Marg ERP. Bijlipay is a POS payment solution that enables speedy transactions through a digital GPRS POS device. There are two types of GPRS devices available, the Digital GPRS POS and the Paper GPRS POS.

The Digital GPRS POS is a sleek machine with a GPRS SIM. It generates a digital receipt at the end of the transaction. Paper GPRS POS is a similar GPRS SIM machine that provides a paper receipt instead of a digital one. There’s also Mobile POS, which works with any Android phone to accept card transactions.

Using Bijlipay, Marg users can conduct seamless POS transactions on Marg ERP with the advantage of invoice and payment reconciliation. Bijlipay installation is fast and the users will receive after-sales support to ensure smooth functioning of Bijilipay with Marg.

The process of setting up Bijlipay on Marg ERP 9+

Bijlipay on Marg ERP is easy to use. To enable Bijlipay on Marg, click on ‘Masters’ and select ‘Marg Setups’. There, you will find ‘Control Room’ which will open a list of different options which users can change to enable different features. Click ‘Search All’ to search for ‘Bijlipay’ and toggle it ‘Y’ so that Bijlipay can be selected under Payment Gateways in the Master menu. Hit the Escape button on your keyboard and ‘Save changes’.

The process of enabling multiple modes of payment using Bijlipay

Now you can select Bijlipay in the Payment Gateways under Masters. To enable multi-mode payment using Bijlipay devices, search for ‘Mode of Payment’ in the Control Room and toggle the second choice to ‘M’ for ‘Multi’.

Now to select Bijlipay as a mode of payment in a transaction, select ‘Rate and Discount Master’ and click ‘Mode of Payment’. Press ‘1’ on your keyboard to choose Bijlipay.

Now, when creating a Sale Bill under Transactions, press Tab on your keyboard to save the bill and choose Bijlipay as the payment mode. You’ll be asked to activate the Bijlipay POS device if it is not. If the device is on, click on ‘Swipe Card’ to swipe the debit/credit card and make the payment.

To know more about Bijlipay’s integration with Marg ERP, you can mail info@margcompusoft.com.

The post Speed your POS transactions, make instant payments on Marg ERP with Bijlipay appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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Managing a retail chain today can be paralleled to climbing the Mount Everest. You need to move carefully, faster and prepare extensively before starting the day. The human touch made it manageable and then technology stepped into the frame. Now, it’s a whole lot easier to handle a retail business with software that automates numerous tasks. Marg ERP offers such a solution that boosts retail business tremendously.
Marg ERP, however, lies on a higher pedestal. Most of the point-of-sale and retail software are limited in features with the same UI and structure repeating over and over again. They are typically used for lightweight accounting and billing. Marg ERP, on the other hand, is highly customizable. You don’t have to mention the customer’s name, ID, date, etc., like contemporary retail software demand. You can modify various fields according to your requirements.
One big attribute of Marg ERP’s Retail software is its GST-compliance. Users can list different items with GST rates already included on the MRP (which the user has to import beforehand). You just have to edit the HSN/SAC codes in the menus to enable the use of different rates with concerned commodities. With Marg ERP, GST returns can also be filed by generating a JSON file of the return and uploading it to the official GST portal.

Bulk of the retail functions lie in the Transactions menu, like Sales, Purchase, Replacement Issue, Stock Issue, Sales Order, and more. To create a simple bill, users can choose Bill in the Sales menu. Enter the party details to further create a Retail Invoice Entry.

Once that’s done, users can choose items that a customer has ordered on the retail invoice. On the screen, the item name, quantity, rate, and total amount will be presented. The bill can then be printed for the customer. This is the simplest way to create a retail bill.
The process can be made more advanced with a host of different functions available in the menu. This coincides with the critical needs of retail chains and fast counters, which require mutable constraints. To activate retail billing in Marg ERP, you need to go to Masters, select Setup and click Control Room.

In the Control Room, users can search ‘Retail’ to customize the software for a retail business. In the menu, select ‘Y’ to tailor Marg ERP for a Chemist shop or ‘C’ for normal retail trade. There are more options to choose from, like Default Sales Quantity and Don’t Ask Ledger Name In Retail Billing.
Furthermore, operators can choose credit cards as a mode of payment. This feature is not widely available in other POS software. You can toggle credit card options by searching for them in the Control Room in Masters menu. Handling different currency is not an issue as one can set the recent currency conversion rates in the Setup menu.

Faster billing and transactions can be done through a touchscreen. Marg ERP lets you change the interface to support operation through a touchscreen. Adding items to the invoice is now just a tap away. If you want to add a product manually, you can choose the on-screen keyboard.
The Retail Industry is booming and it needs a one-stop shop that can meet all of its necessities. Marg ERP is the elixir that is able to service these wide needs of the retail industry. To know more about how you can use Marg ERP Retail software for your retail business, visit the website. You can also learn how to use the software with ease by going through the tutorial on the YouTube channel.

The post GST-Compliant Retail Software for your Retail Business appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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The Goods and Services Tax (GST), an item-specific fixed levy was introduced by the Indian government on 1 July 2017. This simplified taxes but also brought with it the necessary paperwork for filing GST returns. Businessmen also need to keep note of the GST rates on different items. Managing it manually requires a considerable amount of effort unless you’re digitizing the process with Marg ERP’s GST software.

Marg ERP ensures users are conducting business in an organized and GST-compliant fashion. Manually, businessmen and entrepreneurs have to assign GST-included prices to their products, after calculating the new rate. Marg ERP does this automatically.

The GST features of Marg ERP can be seen early; when users enter their company details in the software, including the GSTIN number. It is mandatory to enter the GSTIN number as the software generates several other parameters according to it.

The HSN (Harmonized System of Nomenclature) and SAC (Service Accounting Code) are necessary to facilitate item-wise GST calculation. You can enter them by clicking on Masters on the menu bar and selecting HSN/SAC Master. This will open a window where you can list a commodity and specify its SGST, CGST, and IGST.

For example, if you wish to catalog honey, enter the HSN Code as 0409. Its fixed rate of 5% should be divided into SGST and CGST as 2.5% each, according to government norms. Next, when you need to add a specific item to the inventory, you can choose the Item Master from the Master’s menu. Enter the product name and the HSN/SAC code. The product is now ready to be included in invoices and bills.

While making a new bill in the Transactions menu, users can add a product, its quantity, and the price. The bill will consequentially show the calculated CGST and SGST.  The resulting total bill amount will be shown at the bottom.

The most important part of GST is filing its returns. Marg ERP lets you do that with refinement. Click on Final Reports and select GST Register & Returns. You’ll be able to file an array of different GSTRs, such as GSTR 1, GSTR 2, and GSTR 3B. Click GSTR1 if you want to report the same. Then, enter the period between which you wish to file the return, click Show to check the details and select GSTR1 Returns to create a JSON file. The JSON file can then be uploaded to the GST portal online as a filing.

Both registrations of GST-conforming products and filing of GST returns make Marg ERP flexible and robust accounting software. The software’s interface is plain, yet effective, brandishing a host of options users can choose. If you do not like the layout, you can always re-arrange it to suit your needs.

This blog barely touches the surface of what Marg ERP can do. To know more about how you can use this software, you can check out the tutorials on Marg ERP’s YouTube page. You can also contact for further support on +91 11-30969600.

The post GST Software: Taxation Made Easy appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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Imagine a company managing the payroll of its employees through Microsoft Excel. The struggle of maintaining the scattered data and confusing formulas can be too much for the HR. And in case the data is lost or compromised, the company may face trouble.

Marg’s Payroll software HrXpert solves these problems with finesse and adds a sharper edge by introducing two new features to the software.  Namely, the Task Management System (TMS), and the Payroll Management System (PMS).

Marg ERP understands that the strength of a business or an organization is its workforce. It’s why monitoring the payroll and managing employee tasks is imperative. PMS and TMS do that exactly, along with a host of other functionalities. Let’s take a better look.

Task Management System (TMS)

With the task management system, users can create tasks for employees and supervise them until the task’s completion. This component opens a clear channel for communication between employees from different departments. Tasks can be created, assigned to the member of another team, and can be monitored live while the workforce carries them out.

The task management system works on the basis of ticket generation. Users can generate tickets to initiate tasks and then assign them to different users. It’s also a good way to create a to-do list for oneself. Several tickets can be created by users to plan out the workflow of a specific employee or self. This helps to plan the day perfectly.

The generated task-tickets can be sent to multiple individuals at once. To do this, the user has to mention the assignee, due date, department, and the priority of the task. Hence, the communication is eased and paced faster. The chances of mistakes are also minimized in the process.

Once the ticket has been sent, it is reflected in the assignee’s inbox. The assignee now has the option to change the task’s status, which will reflect back to the user who sent the task ticket.

Performance Management System (PMS)

Payroll of the employees makes up an organization’s expenses by bulk. Therefore, it is essential that the entire payroll system is managed by the best software. HrXpert Software brings efficiency and simplicity to this indispensable process. It’s especially effective during appraisal seasons in an organization.

In the software, employees are required to fill six sections, which is parallel to self-assessment forms given by the HR. The HR team can skip the difficult part with Performance Management System as the software makes appraisal calculation easy.

The first of the six sections is ‘Self- Assessment’, where employees have to rate themselves out of 10. They are required to mention their key areas of responsibility in the KRA section (Key Responsibility Area).  Next is the SWOT analysis section, where employees have to mention their Strengths, Weakness, Opportunities, and Threats. Similar segments follow, ending with a feedback feature, where HRs and reporting managers can add comments and feedbacks.

The strength of an organization lies in the work culture that its employees nurture. Keeping employees regimented adds a tremendous advantage to a company’s bucket. Marg ERP’s Payroll Software-HrXpert serves just that.

The post HrXpert Payroll Software now includes functions for easy task and performance management appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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With Christmas approaching, The Goods and Services Tax (GST) council on Saturday slashed the rates of seven items from the 28% tax slab, giving a Christmas Gift to common man. The 31st GST council meeting was chaired by Finance Minister, Arun Jaitley, along with other members of the council.

The main agenda of the meeting was to slash the tax rates of 23 goods and services of common consumptions so that basic commodities gets readily available for commoners at the most reasonable price. Mr. Arun Jaitley said this tax cut will have an annual revenue implication of Rs. 5,500 crore.
Prime Minister Narender Modi, who had earlier promised commoners to retain only the luxury items and sin goods in the tax slab of 28%  said that with this decision of his only 28 goods will be left in the highest 28% tax bracket. Although in order to achieve the target for state revenue, cement and automobile components will remain in the 28% tax slab.
The items moved from 28% to 18 % included a computer monitor, power bank, LED TV up to 32 inches, pulleys and transmission shafts used in farming, retreaded tyres, digital cameras, video camera recorders, and video consoles. Parts of carriages for disabled people was slashed from 28% to 5%. Movie tickets up to Rs. 100 has been bought under 12% slab from 18%. The tickets above Rs. 100, will now charge 18% GST. Services of banks for basic accounts and the Pradhan Mantri Jan-Dhan Yojana (PMJDY) were exempted from tax slabs. This will benefit the common man in vivid ways. Now maximum items will be available under lower taxes slabs. Also, the tax rate of third-party motor insurance has been slashed down from 18% to 12 %.  
The reduced rates will come into effect from 1 January 2019.

The tax slab now attracts maximum goods below 28% slab, in the interest of the common man. Only luxury items and sin goods remain in the highest tax slab which is consumed by the economically stronger segment of the society, with only one exception i.e. cement. It is very evident from the 31st GST council meeting results that the common man will be highly benefitted with the slashed rates.

The post 31st GST council meeting- A sense of relief for the common man appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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Marg ERP is now the proven leader in the world of GST and Accounting software solution by winning the GST Accounting Software leader of the year award in ICT Business Awards 2018 organized by Dataquest. Dataquest represents the most respected business accolades in the Indian Information and Communications Technology industry. This award shows the expertise of businesses or individuals in a particular field in the world of technology.

GST is an indirect tax levied on the supply of goods and services. The law has diluted many other taxes previously applied in India. GST in past one year has gained the momentum and government is making all efforts to make GST a transparent tax collection system. Despite all the measures, business official finds it difficult to understand the entire concept. MarGuns have worked hard on the context to make it simpler for its users. Starting from GST billing till filing of returns, we care for all. Marg ERP is now a name to trust for GST in the market.

Marg ERP is a worldwide organization for GST and Accounting, dedicated to serving users by strengthening them with a customized software solution and contributing to the development of Indian economy. Marg ERP sets the global standards of services in the market with accounting, billing, GST filing, financial reports, and tax calculation.

Our 800+ Sales & Support centers, 8000+ expert service professionals across India, make it easy for users to understand the whole concept of GST and accounting. Our dedicated team of professionals is there to assist you whenever you are stuck in the process. We at Marg believe in delivering high-end services to assist users with their queries.

Marg ERP is proud to announce the big achievement in the domain of accounting, finance & taxation. We are now at number one position and will leave no stone unturned to retain this position. Marg is providing a customized solution to all its users, enabling them with the tools and resources to build their businesses and relations.

The post GST Accounting Software leader of the year appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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Quick access to company’s financial health is the need of the hour for every business to be successful today. The present scenario says, analyzing the cash flow, transactions and cash balances are the toughest tasks for a business owner. In the process of accounting, during bookkeeping, a bank reconciliation statement compares the transactions made by the organisation as shown in its bank statement,  with the ones shown in the organisation’s own accounting records and highlights the differences and suspense entries. These reconciled statements are used to identify the bank balance and cash flow. Despite the presence of multiple accounting software in the market, many organizations are not opting modern techniques & struggling hard with the manual processes- showing their dissatisfaction or distrust on modern Accounting software. Accounting departments who practice the traditional way of accounting never deny the fact that for them there are never enough hours in a working day. Error-prone processes like manual reconciliation of statement involve continuous work for days, number of dedicated manpower, and still not give worthy results. 

To deal with ongoing concerns relating to budgets, manpower, security, reliability &  maintenance once and for all, Marg ERP has brought advancements in its accounting software that ensures ease of accounting in every business segment. Their software is now capable of facilitating businesses to make payments from their software, schedule advance payments, management of account payables and send a reminder to them in a single click, Fraud-less/ secured internet based cheque printing, check bank balance real-time, automatic ledger entry, and one innovative technique that might bring huge transformation in the industries i.e., automatic bank reconciliation process with 140+ banks. It is reported that this type of feature has never been introduced by any software company within or outside India.

It is undeniably true that the manual reconciliation process usually consumes 20% of the valuable time of every businessman in a day. Though this process comes into play monthly or quarterly, it seems more complicated than all other accounting processes. Marg’s feature of reconciliation of bank statements with more than 140 banks is a big achievement, which will help businesses to streamline their accounting process and analyze their cash flow, check cash balance whenever they require.

It is seen that business software solution providers which provide the automatic reconciliation of statement, limit themselves with only 2-3 banks and does not provide information of suspense entries. Understanding the need of the hour for every business today, Marg ERP introduced advanced accounting features in its ERP software that can bring revolution in the field of finance.

To understand, how the automatic reconciliation process with more than 140 banks takes place in Marg, visit: Our YouTube Channel 

Experience the power of integrated banking with Marg ERP, resolve the unique set of problems plaguing by your SME and unveil the benefits we are offering along with the advanced Accounting software to boost the operations of your business.

The post Accounting software by Marg ERP: Streamlining the accounting processes for every business appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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The early day’s chaos and challenges of GST have now got general acceptance across the country. But as GST has gained momentum and developed a trust value in the market, the GST council led by finance minister Mr. Arun Jaitley took another vital decision of introducing the Tax Deducted at Source (TDS) and Tax Collection Source (TCS) provision from 1st October 2018 onwards which the government believes was a necessary step to curb the unintended use of tax laws.

Scenarios which led to the birth of TDS/ TCS in GST regime

Let’s look back at the scenarios a few months back, which insisted the government to implement TDS and TCS. By the end of Feb 2018, the tax authorities have found over 61 different cases of evasion of GST involving 315.13 crores and have made a number of arrest for suspected GST evasion. However, there was some relief when the tax collection for April 2018 crossed ₹1 lakh crore but the government still felt tax evasion as a major threat for both the Centre and the State. Since then, they have been working to introduce various measures to detect and curb revenue leakage. The Government has always tried to be transparent and disciplined with the onset of GST.

The TDS/ TCS Notification

As per the government notification, the recipient of the supply i.e. the deductor will now be responsible to deduct 2% (1% CGST +1% SGST) from the payment made or credited for taxable goods or services or both in excess of Rs 2.5 lakh. The E-commerce companies have also come under the same umbrella as they are required to collect up to 1% TCS while making payments to the suppliers under GST. With the implementation of TDS and TCS from October 1st, every e-commerce company & PSUs/ Government Companies would need to quickly gear up their GST software systems for TCS & TDS respectively, especially when they have been given a very short span time frame.

Conclusion

 GST which was rolled on July 1, 2017, has completed its journey of more than one year in India and from its beginning has always kept TDS/ TCS provision of GST suspended but hope it gets discussed and clarified during the 30th GST Council Meeting scheduled on 28.09.2018 and gets a final word on the same.

The post TDS & TCS under GST to fight Tax evasion appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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In this day and age, it is slowly becoming apparent that businesses which are successful and reaping huge profits are relying on its immense customer or client base. For a business to grow, it becomes significant to respond not only to the current needs of their customers but to predict the future trends as well in order to bind them with the company. The only way to make your customers happy is by showing them the best of your services. Now, you must be thinking how can you do that? Well! This can be done by implementing smart software for your business. Yes, you heard it right, a billing software. Billing software is no more a system used for the generation of bills only.

Smart people are implementing smart software for billing in their business, which often takes a backseat but undoubtedly shows an increase in sales & revenue.  Let’s discover how benefits of getting the Marg billing software into your business are well worth the effort and how it can attract more prospects and increase foot traffic to your store.

Easy & Fast Billing: A smart billing should be capable enough to perform its desired functions efficiently whereas efficiency is proved through performance analysis. Marg Billing software is capable of generating invoices batch-wise in multiple formats without any manual intervention. Thus, ensuring error-free, and best possible results. Fast billing also ensures no long queues of frustrated customers at the time of billing.

GST Integrated and Compliant: If you are a supermarket or retail store owner, you must be invoicing your customers for products or services you offer. For that reason, your invoices need to be compliant with the new GST reforms. Marg GST-ready billing software can make those invoices for you in no time. In fact, you can also push your business transactions into the GST portal to file your GST returns directly from the software.

Efficient Reporting: Billing is an ideal process for maintaining positive cash flow. The reports formed by your software, if not altered manually, are best for analysing financial growth and revenue of a company. With Marg software, you can get 1000’s of sales, purchase reports that can help you in analyzing the requirements of your customers.

Barcode Management: Just like you, your customers also hate to wait. Centralize all your products information in a barcode for quick access whenever a customer arrives at your doors.

Discount & Schemes: Discounts are welcomed by all. Get clarity of products on discount by your sellers and share your treat with your customers. This will never allow your customers to think of anywhere else.

Cashier & Home Delivery: Impress your clients by delivering them what they need at their home.  

Customizable Invoices: Because the first impression is the last impression. Impress your clients with beautiful and customizable quotations &  invoices generated by Marg software for billing and never miss a chance to crack a deal.

Conclusion: Billing is not just a way of tracking your sales and purchases. It is something that can make your relations better with your customers and can also ruin them. Enjoy the best of billing features with Billing Software, a result of an innovative idea and modern technology.

The post Billing Software Enriching your day to day Business Practice appeared first on GST Blog | GST News | GST Updates | Marg ERP.

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Every now and then we witness businessmen exploring new techniques to proffer their business in order to stay on top of this competitive market. But, unfortunately, strict adherence to new techniques doesn’t ensure success or growth in revenue instead sometimes, it cost a lot of money. If you are also a businessman and trying hard to increase the efficiency of your retail business, here are a few tips to automate your retail business and thereby increasing its efficiency by implementing a retail software. Though, we have a lot of retail software available in the market but not every software is the best for you. Scale your software on the parameters given below before investing.

Can you integrate your software with the software of your distributors and vendors
Software which can integrate/ communicate with other similar software is more beneficial for a businessman and this facility is provided in Marg. Running a retail store involves processes like ordering a new product, proper storage of a product (Inventory Management), and rotation/ delivery of product to the end customer within time. These processes can become much easier if we can communicate with the distributors and vendors directly through the software. Softwares integrated with distributors and vendors can help a retailer to place orders online; generate and send purchase orders through the software without any manual intervention, also allowing them to check the stock available. With a fast and error-free placement of orders to your vendors & distributors, you can reduce storage & rotate your products faster which ultimately leads to more sales, increased productivity and growth in revenue.

Can you integrate your software with an Accounting software
Marg retail billing software is one such software that can be integrated with accounting software. It is one of the best ways to eliminate manual errors in your work processes. This allows automatic synchronization of bills directly from the software, automatic reconciliation of bank transactions, suspense entry tracking and shows exact status of payments already made to the vendors and payments due till date.

Is your software integrated with Commercial Banks
Marg ERP retail software is integrated with a commercial bank which offers various banking options within the software like option for making payments to vendors through various payment modes like (NEFT/RTGS/IMPS/Fund transfer), Advance Payment Scheduling, Fraud-less/secured Internet Based Cheque Printing Facility, real-time Check Bank Balance, Automatic ledger entry, and Maker – Checker Payment System etc.

Is your software comes integrated with Mobile Applications:
What can give a boost to your retail business is a retail application integrated with your software. Manage your retail store like a pro with Marg Retail Software integrated with eRetail Ordering App designed specifically for retail chains & stores. It empowers retailers to place orders to their suppliers/distributors at their fingertips. With this user-friendly mobile app for retailers, you can track the status of orders placed, bill generated, order dispatches & short supplies before the order arrives, all at one place. This unique app facilitates retailers to manage their business processes through their mobile phones whenever they are stuck with some other significant activities.

Conclusion:
If you have a retail store and you want to automate your retail business in a way that ensures business growth; you must try Marg ERP retail software, which is designed especially for retailers looking at their present needs and market demand.

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