Tips to Choose a GST Software for Small Businesses

Yarab A |Updated on: April 2, 2024

Small businesses devote a lot of time to be compliant right from the invoice you issue to the return you file. GST software’s that are designed for small businesses are of great help. You can manage the compliance with minimum efforts and time and allows you to focus on the things that matter most.

Below, discover the 7 must consider tips for selecting an ideal GST software for your business.

GST-Compliant Invoice

When you're on the hunt for a GST software for your small business, think about compliance first, especially when it comes to invoicing. Remember, each invoice must meet GST rules, so it's crucial to capture all the necessary details and issue the right type based on your transaction. Why does it matter? Well, a compliant invoice allows your customers to claim those input tax credits. So, aim for software that does the heavy lifting—automatically generating invoices to keep errors at bay and ensuring accurate tax calculations. Make sure to choose software that's smart enough to recognize different types of transactions and automatically generate the correct invoice format. And as a small business owner, picking the right software can really make a big difference—smooth sailing with invoices, better compliance, and fewer mistakes along the way.

Quick GST Configuration

When it comes to choosing the right GST software for your small business, think about how quickly you can get up and running with minimal effort. Ideally, onboarding should be a breeze—no endless hours spent configuring GST details for each product. Imagine dealing with hundreds of products and having to update GST rates every time there's a change. Sounds like a headache, right?

The ideal GST software should streamline this process by enabling you to configure details at the group level. This means setting up GST rates for an entire group of products at once, saving you time and effort. So, prioritize a GST software that simplifies your workload and enhances efficiency.

Proactive Error Detection and Alerts

Prevention and alert capabilities are crucial if you are looking for GST software for small businesses. As the saying goes, prevention is better than cure. The GST software should be inbuilt with the capabilities that will prevent all possible errors while recording the transactions and alert the users. That's where smart GST software comes in handy. It should be intelligent enough to catch potential mistakes while you're recording transactions and give you a heads-up.

For instance, let’s say, if your party ledger is configured with different state and you are selling taxable products, the GST software should be intelligent enough to know the tax type that is required i.e. IGST. In case, if a user chooses a wrong tax type or tax ledger is all together missed, the GST software should prevent and alert the user about the discrepancies.

This way, you nip errors in the bud and keep your records clean and accurate.

Precision in Return Filing

First thing first, the GST software for small businesses should help you generate Form GSTR-1 and GSTR-3B in excel and JSON format that can be directly uploaded into GSTIN system.

Secondly, the GST software for small business should have in-built intelligence that helps you to generate 100% accurate returns with minimum efforts. That’s exactly Tally's renowned 'Prevention - Detection - Correction' technology does. The inbuilt intelligence understands the return requirements and includes only those transaction which should be included in the return.

The GST software should also detect the transactions having insufficient information or errors and allows for seamless system assisted correction. This way you will be confident that 100% of transactions are analysed and only the right ones are included in the returns that you file.

Adaption to GST Amendments

When it comes to choosing GST software, flexibility is key. We all know how frequently GST rules change—whether it's a minor tweak to rates or a major overhaul of return formats. An ideal GST software should be flexible enough to allow user self-change the rate instead of needing wait for product updates. For all other things which affect the return format and any other things, you need continuous product updates to stary-up-to date.

If you are a small business looking for GST software, product update is a key factor to consider.

Robust Data Security

When selecting GST software for your business, data security shouldn’t be compromised. Your business’s financial information is sensitive and requires robust protection measures to prevent unauthorised access or data breaches. Hence, look for software that offers advanced encryption features to secure your data both in transit and at rest.

Additionally, consider whether the software provides regular data backups and reliable recovery options in case of any unforeseen incidents. By choosing a GST software with strong data security measures, you can ensure that your business’s financial information remains safe and protected at all times.

Responsive Customer Assistance

Customer support is another critical aspect to consider when choosing GST software for your business. Despite the software's user-friendliness, you may encounter technical issues or require assistance with various functionalities. Therefore, it's essential to evaluate the customer support options provided by different GST software providers.

Look for providers that offer multiple channels of support, such as phone, email, or live chat, to address your queries promptly. Additionally, consider the availability of customer support representatives and their responsiveness to your needs. Reliable customer support ensures that you have access to assistance whenever you encounter challenges or require guidance, enabling smooth operation of your GST software and uninterrupted business processes.

How TallyPrime can Help?

Managing GST compliance in TallyPrime is smooth and easy, designed to simplify the intricate process into three simple steps. Utilizing its renowned 'Prevention - Detection - Correction' technology, TallyPrime ensures seamless and efficient GST compliance for businesses of all sizes. With this software, businesses effortlessly maintain their data in the right format, facilitating easy and swift filing of GST Returns. Whether you're a small business owner or a seasoned entrepreneur, TallyPrime will help you streamline the entire process, saving you valuable time and resources. Explore all the things you can do using TallyPrime now!