Accounting & GSTModule 1216 apps
Books that always balance At launch
A full double-entry ledger built for Indian compliance — not a tax report bolted onto a spreadsheet. Medhava keeps the books on its own: no other accounting package is required, ever.
Writes toTreasury & Financial Planning
Part of Finance & Accounts
| Head | Debit | Credit | This month |
|---|---|---|---|
| Sales | — | ₹1,42,08,400 | +12% |
| Purchases | ₹86,20,110 | — | +9% |
| Direct expenses | ₹12,44,900 | — | −3% |
| Difference | ₹0 | ₹0 | Balanced |
16 apps in Accounting & GST
Accounting
Double-entry books where every voucher balances and the trial balance always ties.
Invoicing
GST tax invoices and receipts, totals computed from the lines to the paise. Where a channel raises its own invoice, both numbers live on the order — theirs and yours — so the panel’s paperwork and your books point at the same sale and neither has to be re-keyed to find the other.
Expenses
Spend captured by category with approvals, and bill OCR to save typing.
GST & Tax
CGST, SGST, IGST, TDS, TCS, input credit, GSTR-1 and GSTR-3B — filed per registration, so a group where one company is registered and another is not files exactly what each one owes and nothing it does not.
ITC Reconciliation
Every input credit matched against the government’s own GSTR-2A/2B before a return is filed, so a credit claimed is a credit that is actually on record.
Receivables, Payables & PDC
Payments and receipts allocated against named open invoices, and a register for post-dated cheques that posts only on the date they are realised, not the date they were written.
Fixed Assets & Depreciation
The asset register with both Straight-Line and Written-Down-Value depreciation tracked side by side, and disposal posting its gain or loss straight to the books.
Year-End Close & Period Lock
Profit-and-loss accounts reset and balance-sheet accounts carry forward at year end, and a reviewed period locks against backdated edits until an admin unlocks it — an act that is itself logged.
Finance Reports
P&L, balance sheet, and profit by channel, product and SKU.
Document Reader
A photo or PDF of a bill, invoice or receipt becomes a draft entry: party, date, items, tax and total read from the page, each marked with how sure the reading is. Nothing posts until a person checks and approves the draft.
Analysis Dimensions
Every line of every entry carries the business’s own dimensions — store, channel, brand, region, cost centre, profit centre, project — chosen from its industry pack and its own list. Segment results, a store’s profit and a product line’s margin are read from them, never rebuilt later from descriptions.
Statutory Statements
The balance sheet, the statement of profit and loss, the cash flow statement and the changes in equity, with their notes and the previous year beside this year, drawn in the legal format of what the company is: Schedule III Division II or Division I for a company, the LLP format, or the format for a firm or a proprietor. Each ledger group says which line it goes to; the XBRL for filing comes from the same figures.
Ind AS Treatments
Revenue, inventory, fixed assets, leases, expected credit loss, deferred tax, employee benefits, share-based payment and related parties, each worked from the books under the company’s own policy as its CA confirms it. The working is shown and the entry is proposed for approval, never posted silently.
Month-End Close & Controls
A close checklist for each company — accruals, depreciation, bank, stock, inter-company, GST — each step owned, evidenced and signed off before the month locks; every sub-ledger agreed to the ledger; a second person’s approval above the limits the business sets; duties kept apart; and the control register an auditor tests, with the system’s own records as the evidence.
Foreign Currency & Landed Cost
Imports and exports at the day’s rate, the exchange difference posted when the money moves, open balances restated at the period end; and an import’s duty, freight, insurance and clearing added to the cost of the goods it brought in.
Income Tax, Tax Audit & CARO
The income-tax computation from the books, advance tax, the tax-audit data, TDS and TCS returns and certificates, 26AS and AIS matched, payments to small suppliers tracked to their deadline, and the data each CARO clause asks for — read from the records, not assembled at the year end.