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Introduction In this day and age, it is slowly becoming apparent that businesses that 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 the 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. Why You Should Use Billing Software For Your Business? Here are some of the following aspects that you could consider why to use billing software for your business. 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. Free Download Billing Software 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 analyzing the 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 homes.   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 software features with Marg Billing Software, a result of an innovative idea and modern technology.

Table of Contents Feature of Retail SoftwareEvery 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. And the Software is integrated with distributors and vendors which can help a retailers 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.

We often hear our ancestors, our senators, and our people saying that “India is a developing nation and one day it will be a developed nation” but, do you remember since when we are listening to this? This question may seem worthless to you because it doesn’t matter since when, but have you ever wondered until what time? When will we become a progressed nation? When will be the apt time to say that, we are a significant part of a developed nation and we are the one who has transformed this country from a developing country to a developed nation? I know this thought gives goosebumps and seems to be a very challenging situation but it needs our consideration. After all, we are Indians and if we don’t think of our country who else will do. The right time has come now for participation that will ensure the growth of our nation? What about an honest participation in initiatives like ‘Make In India’? It is undoubtedly true that SMEs are the key drivers behind the growth of a nation and as per the recent studies it is said, that the estimated count of SMEs in India comes around 42.50 million including registered & unregistered firms which is a staggering 95% of the total industrial units in India. The SME sector includes various businesses like manufacturing, infrastructure, service industry, FMCG, and IT. In lieu of initiatives like ‘Make In India’, can we support these SMEs and help them in accelerating their growth? Let’s go through the major challenges and the lacunas which the SMEs are facing today and how Marg ERP Ltd., an Indian based inventory software and accounting software solution provider company that supports ‘Make In India’ in its truest sense has become a rescuer for them in such situations. Lack of Technology: In today's fast-paced world when technology is evolving day by day, every SME is required to stay updated. However, they have a fallacy that implementation of software in their business will only contribute towards increased costing and will not help them with their business processes in any way. Marg ERP’s assistance: In order to help SMEs in India, Marg ERP has designed a customizable one-stop solution for every business needs. Their software is a complete package in itself that comprises of software packages like ERP, inventory, accounting, billing, SCM, and many more that serves the requirement of every business. More importantly, it’s a desktop based software which is easy to understand and thus it’s affordable for all. Lack of Finance: Every rich idea should be backed up to evolve as a promising step of success, however in the present scenario this turns out to be a major challenge that SMEs are facing. Due to lack of investments or financial issues, their precious business ideas stay suppressed and do not allow them to raise funds even from banks unless they are backed by a phenomenal business tycoon. Marg ERP’s assistance: Marg ERP provides an integrated banking solution to every customer, where SMEs using their software can avail loans from ICICI Bank at low-interest rates and with hassle-free documentation. Lack of Direction: Most of the SMEs are started by young entrepreneurs who have a tendency to do everything on their own. They don’t want any support or guidance. They just go with the flow and forget to keep an eye on significant areas of their businesses like business processes, the financial situation of their business, market research and market analysis etc. Marg ERP’s assistance: Marg ERP is facilitating SMEs with its customizable software which is capable of making 1000s of beneficial reports in no time for their business. These reports bring transparency in their business processes. These reports clearly show the demand for their product in market, profit & loss, and ultimately help the management in strategy & decision making for future. Conclusion: From the shreds of evidence given above, we can conclude that Marg ERP is empowering SMEs for the last 2 decades with its innovative and advanced ERP software solution. Now is your time to take maximum benefit from it and lead your business towards success.

In this expeditiously moving world when every individual is running an endless rat race, no one has the time to visit actual (not online) banks. Do you remember the last time you yourself visited a bank physically? In this digital age, when we prefer to do all our banking activities online from our smartphones or laptops; a majority of businessmen, irrespective of the size of their businesses, and trade sectors are required to visit banks for reconciling their bank statements manually. A recent survey says, depending on the number of transactions, businesses need to enter bills and reconcile their transactions monthly, weekly or even on a daily basis, which consumes more than 20% of the valuable time of a businessman that can be employed in other activities towards business growth and performance.   With the increasing necessity of banking in every business, Marg ERP has integrated banking facilities in their software providing every possible benefit to a businessman on a single platform. Increase in the number of transactions is and should always be a cheering moment for a business; don't let it become a problem. Cater to the growing complexities of modern businesses with advanced and modern software that promises to make our business process easier. Avoid manual, time-taking process of reconciling your bank statements and introduce yourself to Marg ERP 9+ software that ensures automatic entry of various bills and provides automatic bank reconciliation. Read on, to know how Marg ERP is making automatic reconciliation of bank statements possible and easy for every Indian SME and MSME. Connect bank account with Marg ERP software: Enter the details of your current bank account like Bank Name, Branch Name, the Account number in your ERP system. In case you have multiple accounts, configure all the accounts within your ERP once, for the ease of banking within ERP. Real-time access of bank statements within ERP: Once, you have connected your bank accounts with your ERP software, you can get a sight of all your account activities anytime. You can get to know your real-time account balance, make payments, schedule payments, but what’s more interesting is the functionality within your ERP software with which it can fetch your bank statement automatically whenever reconciliation of bank statement is required. Automatic comparison of bank account statement with ledger within your ERP system: To automate the reconciliation process, the ERP system will fetch your bank statement from the saved bank accounts and display it next to your ledgers on the same window, one next to the other, for easy matching. Any transactional entry which is either missing in a bank statement or Marg ERP account ledger will be marked as a non-reconciled transaction whereas, others will be treated as reconciled transactions. Therefore, every non-reconciled transaction will be a suspense entry and will be kept aside in a different table for easy access and tracking. Suspense Entry Checking: After the completion of the automatic reconciliation process, the suspense entries are inspected and are identified with the help of their reference number specified in the “description of the statement.” There are 99% of chances that your non-reconciled entries will get settled here. Manual Reconciliation: For the remaining 1% error checkup, you can select the ledgers manually and match them with the non-reconciled statements in order to complete the reconciliation process. Conclusion: Continuous progression in technology can benefit your business if implemented at the right time. So, take max benefit from it and let your ideas come true.

It is undeniably true that an efficient ERP system sees business as a whole and thus has become a common necessity for every small or big business today. In order to ease the daunting process of managing all the core operations of a business, organizations are implementing ERP system. But, have you ever thought about a better alternative for the conventional ERP system? What is lacking with the current ERP systems? Are SMEs really ok with the current features of the ERP solutions available or they need more? What part of the business is still not touched/explored by ERP solution providers? Ever thought of Integration of banking system within the ERP? Yes, an association of an efficient ERP system with a smart banking solution can transform the way accounting works today and will provide the flexibility required to perform delicate, detail-oriented financial tasks needed by a business to work efficiently. According to the present practice; most of the businesses are using ERP software integrated with applications that manage the processes going within the organisation like, managing day to day work, accounting, stocks, handling the efficiency of workforce, security of company’s financial data, and human resources etc. but, they have to rely on other sources for managing the lion’s share of their financial payments which seems to be a major problem. Thankfully, this is not a concern anymore as now business banking and ERP systems have come together under one roof. Let’s understand why businesses are in need of an integrated banking system within the ERP. Fast and easy payment reconciliation: right now, all the payment reconciliation is done manually. They compare the status of every individual payment by opening the items and mark a check as claimed or unclaimed. However, now all this can be done automatically. With this interesting feature, all the transactions done inside the ERP software by the users are automatically reconciled and are reflected in their bank account statements. Now the users do not need to look over the end report for identifying outstanding payments or to measure the discrepancies between the transactions shown by the software and the transactions shown by the bank reports. Multi-modes of payment: Earlier, businesses used to pay to their client or customers through cheque or by visiting the bank's website and then transferring the amount. But, this process is hassle-free now. Users can pay or get paid through their ERP software only by connecting their bank accounts with ERP system and use various payment modes like NEFT, Cheque, and DD, etc without visiting their bank portals. Easy disbursements: Salary/Expense disbursement has always been a cumbersome process for businesses. Therefore, an integrated banking solution is all that they needed to ease this process. Now, users can pay a number of employees together in just a few clicks by linking their bank accounts, with all the attendance, leaves, reimbursement & other payroll data already present inside the ERP makes the whole process easy and hassle-free. Get paid faster for your invoices: We all have a lazy/busy client/ customer who always delays in making payment on time. With banking system integrated into their ERP system, they can make payments seamlessly with their ERP system only without going to their respective banks. Payment scheduling: With integrated banking system into ERP, users can schedule their payments and get reminders when the time of payment has come. Centralized account management: With all your accounting and financial information at one place, you can keep a track on the amount credited or debited from your account, time, date, and reason of transaction. Conclusion: Integration of business banking with ERP is the solution that eases the financial activities of our business and helps in maintaining all our accounts at one single platform. Read about Banking features integrated within Marg ERP here!

In the previous blog - “E-Way Bill – Get ready” bit.ly/2FtB0ez we had discussed the implementation dates of E-way Bill and how it will bring in uniformity across the states for seamless inter-state movement of goods. Here we will be discussing the process to generate E-Way Bills on the GST portal. There are four stakeholders in the movement of the consignment from one place to another i.e. the suppliers, recipients, transporters, and tax officers. During the transit, the consignment which moves from its source to destination can be viewed by the tax officers who are responsible to see that the consignment is accounted for by the supplier and recipient. The process to Generate E-Way Bills For the purpose of entering the E-Way bill no. the user needs to first generate the E-Way Bill no. and to generate it the user will visit the E-Way bill Portal from ewaybill.nic.in Enter the credentials and click on Login. A dashboard will appear in front of the user (as shown below). The details of E-Way bill will be shown here which the user can generate, cancel or reject. If the user needs to generate a new E-Way bill, he/she should click on “e-Way Bill” from the left hand side and then select “Generate New”. An E-Way Bill Entry form will appear in front of the user. The user will select “Transaction Type” i.e. if the user is doing sales then select “Outward” and if the user is doing any purchase then select “Inward”. Then select “Sub Type”. Then select “Document Type”, enter “Document number” or “Invoice number”. The user can view that the details are already filled. Now, under next section “To”; the details of the buyer will come. If the buyer is registered then GSTIN will be entered here and if the buyer is unregistered then enter URP in GSTIN field. URP means Unregistered Person. Now, the user will enter “Item details HSN wise” and if the user needs to add any product then click on this “+” icon. The user will then enter the details of the Transporter i.e. select “Mode of transport”, enter the “Approximate distance” i.e. enter the distance of the movement of goods. After this, the user needs to fill any one of the details from both (highlighted in pink color) i.e. the user can either fill “Transporter name, Transporter ID, Transporter Document number & Date” or the “Vehicle Number”. After filling all the details, click on “Submit”. Then an e-way bill will get generated in this way. Some Important Tips GSTIN number should be ready in hand. Registered mobile number should be with the user. The username should be of at least 6 characters with a combination of alphabets (A-Z/az), numerals (0-9) and special characters (@, #, $, %, &, *, ^) and should not exceed 15 characters. The password should be of at least 6 characters. Keep your Username and Password Secured.