Accounts, GST, TDS and the year-end, from one ledger.

Double-entry journals

Every entry must balance; posted entries can't be edited, only reversed.

Tamper-evident ledger

Posted journals are hash-chained, so any change after posting shows up on a check.

Sealed audit trail

Every change anyone makes is logged and sealed in SHA-256 stretches (Companies (Accounts) Rules, rule 3(1)).

Maker-checker on journals

Hand-made journals (optionally above an amount) wait for a second person to approve; the same person can't do both.

Chart of accounts

A ready Indian chart is seeded; system accounts can be renamed but not deleted.

Recurring journals

Rent and similar entries post themselves each month, never twice.

Month close checklist

Before a month is locked, Books lists what is still missing (GST set-off, recurring entries).

Year-end close

Closes a year once the one before is closed; nothing posts into it afterwards.

Opening balances

One screen to enter each account's balance; any gap goes to opening balance equity.

Mid-year cut-over

Start Books part-way through a year, bringing the year's income and expenses so far; undo is possible.

Opening dues and advances

Unpaid invoices, bills and advances from the old books come in bill by bill, so ageing ties to the ledger.

Cost centres and projects

Tag journal, invoice and bill lines; re-tag posted lines in bulk; profit and loss by cost centre.

Budgets against actuals

Set a year's budget per account and cost centre, with a suggestion from last year, and compare.

Fixed asset register

Assets by class, Schedule II depreciation by the day, disposals and adjustments, depreciation runs that can be reversed.

Income-tax depreciation and deferred tax

Block-wise WDV depreciation under section 32, compared with book depreciation, and deferred tax (AS 22) posted.

Foreign-currency revaluation

Open foreign-currency invoices, bills and EEFC balances restated at the year-end rate (AS 11), reversed next day.

Employee benefit provisions

Gratuity, leave encashment and bonus brought to the year-end figure (AS 15).

Inventory

Godowns, batches, stock entries, stock count sheet; weighted average or FIFO valuation (AS 2).

Manufacturing

Bills of materials and production orders that move stock through work in progress at cost.

Delivery challans

Goods moved without a sale (job work, between godowns), printed in triplicate per rule 55.

Two people on one draft

A second save on a draft someone else changed is refused with who changed it, so nothing is lost.

Own numbering series

Document series per GSTIN and per company, as the company sets them.

GST tax invoices

Per-line GST to the paisa; CGST+SGST or IGST from the place of supply; amount in words in lakh/crore.

Invoice PDFs with logo

Invoices, credit notes, receipts and statements print with the company's logo.

Credit and debit notes

Against one invoice or across several; cancelling one is refused once it is in a filed return.

Export and foreign-currency invoices

Invoice in the customer's currency; exports under LUT or with IGST; balance kept in both currencies.

Receipts and allocation

Record money in and set it against invoices; TDS the customer withheld recorded with it.

GST on advances

Advance for services gets a receipt voucher (rule 50) and its GST in that month's return.

Receivables ageing and statements

Ageing buckets and customer statements, as screen, Excel and PDF.

Payment links on invoicesNeeds your Razorpay account

A pay link on the invoice; when the customer pays, the receipt and gateway fee post by themselves.

Recurring invoices

Monthly invoices made from a template, as drafts or issued and emailed.

Write-offs and refunds

Write off what won't be paid; refund a customer's excess, tied to the money it pays back.

Cheque register

Post-dated cheques held to their date, deposited, cleared or bounced; a bounce reopens the invoices and posts charges.

Branch transfers

Goods and cross-charged services between the company's own GSTINs, on a tax invoice.

Vendor bills with GST and TDS

Input GST by vendor state, blocked credit added to cost, TDS worked out by section on the bill.

Vendor payments and advances

Pay bills or pay ahead; TDS on advances; apply later.

Vendor debit notes

Raise a debit note on a bill; cancel only while not in a filed return.

Payables ageing and vendor statements

Ageing buckets and vendor statements, screen, Excel and PDF.

Payment runs

Draft a run of bills falling due (MSME first), approve with maker-checker, then a bulk NEFT/RTGS file for the bank.

MSME 45-day watch

Tracks section 15 MSMED deadlines, interest at three times the bank rate, and section 43B(h) disallowance.

Bills of entry

Customs duty onto goods, IGST on imports as input credit (GSTR-3B 4(A)(1)).

Recurring bills

Rent and retainers made each month from a template.

Employee claims from SpendWith Dexta Spend

Bills an employee paid and claimed arrive from Dexta Spend as proper bills with input GST.

Statement upload

Reads CSV, Excel (.xlsx, .xls), SWIFT MT940 and text PDF statements; checks the running balance.

Auto-match and reconciliation

Matches statement lines to ledger lines; makes entries from unmatched lines.

Split a bank line

One line across several accounts; bank charges with GST credit.

Bank reconciliation statement

Book balance to bank balance with each item behind it, Excel and PDF.

Live bank feedsNeeds a Setu account

Transactions pulled with the holder's consent through an account aggregator, then matched as above.

EEFC accounts

Bank accounts kept in a foreign currency, reconciled in that currency and revalued at year end.

Bulk payment file

CSV for the bank's bulk NEFT/RTGS upload, in the bank's own column order if set.

GSTR-1 from the books

Every table (B2B, B2C, exports, notes, HSN, documents), per GSTIN, as screen, Excel and the portal's JSON.

GSTR-3B with set-off

Worked out from posted documents, with the credit set-off posted and the rule 86B 99% cap shown.

QRMP and IFF

Quarterly filers: monthly PMT-06 and the IFF JSON.

GSTR-1 amendments

Corrected documents in a filed GSTR-1 go into the next one as amendments (table 9).

GSTR-2B matching

Import the portal's 2B JSON, match to bills, hold credit on bills not yet in 2B.

Input tax register

Credit by bill, head and month, Excel export.

Rule 37 (180 days unpaid)

Finds credit on bills unpaid after 180 days and reverses it in the right month.

Rule 37A (supplier didn't file)

Reverses credit where the supplier didn't file 3B by 30 September, and re-claims when it does.

Rule 42 common credit

Monthly reversal of credit for exempt supplies, with the year-end true-up.

GST payment challan

PMT-06 cash needed after set-off, plus RCM, with section 50 interest suggested.

DRC-03

Record tax, interest and penalty paid for a past period, with ARN.

GSTR-9 annual return

Tables filled from the year's books and returns, Excel export.

GSTR-9C reconciliation

Audited books against GSTR-9 for turnover above ₹5 crore.

ISD and GSTR-6

Distributes common-service credit to branches by turnover (rule 39).

Export refunds (RFD-01)

Statement 3 and 3A refund working for LUT exports (rule 89(4)).

IGST refund register

Tracks IGST-paid exports by shipping bill to refund received (rule 96).

ITC-04

Job work return from delivery challans, Excel.

Reverse charge

RCM on inward supplies paid in cash; outward RCM on invoices.

Many GSTINs

Each branch GSTIN has its own series, accounts, returns and credit.

E-invoices (IRN)Needs your Masters India (GSP) account

IRN and signed QR on invoices and credit notes; cancel within 24 hours; checked against IRP rules first.

E-way billsNeeds your Masters India (GSP) account

Generate from the IRN or alone, update vehicle, extend, cancel.

Composition dealers

Bill of supply wording (rule 49) and the CMP-08 working.

GSTIN check

GSTIN, PAN and TAN format and check digit checked as typed; state and PAN taken from the GSTIN.

TDS to deposit

What was deducted each month by section, due by the 7th, with late interest.

Challan 281

Record deposits against bills under each nature of payment.

Quarterly TDS file (Form 140, was 26Q)

Writes Protean's text file for the FVU.

Non-resident TDS (Form 144, was 27Q)

Section 195 TDS with country codes, grossing up and DTAA rates, in Protean's layout.

Forms 145 and 146 (were 15CA/15CB)

Tracks which part of the remittance form each foreign payment needs.

TCS on sales (Form 143, was 27EQ)

TCS on invoices, deposits and the quarterly file.

Correction statements

Correction files for filed Form 140, 144 and 143 quarters.

Lower-deduction certificates

Section 395 (was 197) certificates applied by rate, period and amount; Form 121 (was 15G/15H) declarations.

26AS matching

Import the TRACES text file and match customer by customer to TDS recorded on receipts.

TDS before Books

Payments and TDS from earlier in the year count towards yearly thresholds.

Salary TDS (Form 138, was 24Q)

Pay's quarterly salary statements kept beside Books' own; companies without Pay record filings by hand.

Old and new Act labels

Section and form names switch to the Income-tax Act 2025 from tax year 2026-27.

Tax computation

From book profit to taxable income with 40(a)(ia), 43B, 40A(7) add-backs, each traced and optional.

Regime choice

22% (115BAA), 15% (115BAB), 25% or 30% with surcharge and marginal relief.

Advance and self-assessment tax

Estimate, instalments, interest under 234A/B/C, payments recorded, provision posted.

Losses and MAT credit register

Business loss, unabsorbed depreciation and MAT credit carried and set off by year.

MAT report (Form 66, was 29B)

Book profit for MAT and the accountant's report, signed and PDF.

Form 10-IC

The 22% option, with what it costs the company shown first.

ITR-6 working papers

Balance sheet and P&L mapped to ITR-6, schedules filled, checklist; Excel and PDF.

ITR-6 tie-out to 3CD

Compares the return with the signed tax audit report, as the portal does.

Schedule AL-1 and TCS

Assets and liabilities schedule for unlisted companies, checked against the schema.

Tax audit papers (3CA/3CB + 3CD)

Books answers 13 clause groups from the books; the team answers the rest; PDF and Excel.

CA review of the tax audit

Each clause answered, reviewed and signed off; the answerer can't review their own.

SFT (Form 165, was 61A)

SFT-007/008/009/013/015 rows from receipts and the register, Excel.

Audit pack

One download for the statutory auditor: integrity report PDF, statements, ledgers, registers.

Accountant's pack

A year of books as Excel files in one zip for a CA.

Schedule III statements

Balance sheet and P&L in Schedule III form, Division I (AS) or II (Ind AS layout), with last year beside.

Notes to accounts

Share capital, ageing, MSMED s.22, fixed assets, EPS, eleven ratios with reasons, policies, forex, auditor fees.

Related parties and other disclosures

AS 18 related parties, contingencies, promoters, 2021 additional regulatory information.

Cash flow statement

AS 3 indirect method from account movements.

Last year's figures

Enter the prior audited year line by line for a first year in Books.

Statutory audit record

Board approval, signing directors, auditor's UDIN; statements frozen as signed.

CARO 2020

What Books can see for each of paragraph 3 (i) to (xxi), PDF.

MGT-7 / MGT-7A

Annual return filled from Books' data plus meetings and penalties, Excel.

MSME Form I

Half-yearly return of dues to micro and small enterprises, with the bill-by-bill working.

Small company test

Section 2(85) check that drives CARO, cash flow and MGT-7A.

Compliance calendar

Every statutory due date for the year, ticked off when Books sees it done.

Due-date alerts

A week before, a day before and on the day late, on the bell and by email.

Compliance health score

100 less points for late filings and notices, with the reasons shown.

Notice register

Each notice from receipt to closed, with owner and reply date.

Notice reading

Reads authority, form, DIN, dates and amount from the notice PDF or scan (English and Hindi), on the server.

Reply drafts and CA review

14 reply templates; versions kept; reviewer comments, asks for changes or approves.

Document vault

Notices, acknowledgements, challans stored encrypted and fingerprinted.

Dated statutory rules

Rates, thresholds and due dates kept as dated data; a law change ships as a rule pack; due-date extensions applied.

Many companies, one login

One person works in any number of companies and switches between them.

CA-firm subscriber

A firm subscriber with partners (admin on every client) and staff (only assigned clients).

Staff assignment per client

Partners assign staff to a client as accountant or CA.

Four company roles

Admin, accountant, CA / Reviewer and read-only viewer.

GST status per client

Regular, composition or not registered; GST screens shown or hidden to match.

Restore one client

Bring back one company's books from a backup without touching the others.

Hand-over export

One zip of a client's books when they leave, and deletion once the law allows.

Support access

A company admin lets a support person in for a few hours with a chosen role.

Runs on its own

Own sign-in, subscribers, companies and people; Hub sign-in optional.

Secure sign-in

Passwords, lockout, two-factor with recovery codes, session list, firm-wide two-factor.

Invitations

Single-use emailed links, 7 days, into a company or a subscriber.

Super Admin console

Subscribers, companies, people, billing, usage, rules, health, email, support, audit.

Suspend and catch up

A suspended company posts nothing; on return the admin decides what fell due.

Encrypted daily backups

Own zip kept eight years (s.128(5)), encrypted with its own key, restore in one command.

Server health

Health tab, outside-monitor endpoint, failing jobs emailed.

Install options

Docker or Windows server, intranet or public, own certificate authority, proxy, offline images.

Tally masters import

Groups, ledgers, parties, stock items and opening balances from Tally's XML; undo possible.

Tally day book import

Vouchers after the opening date as journal entries.

Excel templates for other software

Customers, vendors, items, accounts, opening stock, TDS-before-Books from templates.

Fixed asset import

Asset register from a file.

Payroll posting from Dexta PayWith Dexta Pay

Payroll journals arrive by posting key, never twice; each company maps keys to accounts.

Spend postingWith Dexta Spend

Expense claims and bills from Dexta Spend, with cost centres.

Per-company integration keys

Keys for Pay and Spend shown once, stored hashed.

Excel and PDF everywhere

Reports, registers and returns export to Excel (safe against formula injection) and PDF.