Receipts Manager by Zybra

Zybra Accounting Software is an easy to use cloud based accounting software for Small & Medium scale business. It makes Accounting EffortLess and can be accessed Anytime & Anywhere. Zybra is a feature rich software with many features including 1. Dashboard – Real-time updates of data in graphical form. Shows graphs of Total Receivables, Total Payables, Cash Flow, Top Expenses, Income vs Expenses and more. 2. Contact – User can manage all the contacts of Customers & Vendors. User can also view the receivables & payables of each of them & generate customer/vendor statements. 3. Inventory – User can manage basic inventory of items/services. 4. Banking – All Cash & Bank Accounts can be added & managed here. 5. Sales – User can Add/Send/Edit/Covert Estimates/Invoices/Recurring Invoices/Credit Notes/Payment Received for sales related transactions the business. 6. Purchase – User can Add/Send/Edit/Covert POs/Bills/Recurring Bills/Vendor Credits/Payment Made/Expense/Recurring Expense for purchase related transactions the business. 7. Accountant – All chart of accountants & Journal Entries can be managed here. 8. Taxes – User can create different Taxes, Compound Taxes for sales & purchase entries. 9. Documents – This is a basic DMS for all bookkeeping related documents(Invoices/Bills/Receipts/Bank Statements)[this works well with Receipts Manager App]. 10. Reports – Gives access to 40+ different reports including P&L, Cashflow & Balance Sheet 11. Organization Profile – User can manage details about their organization & add logo for each transaction document that is generated. 12. Opening Balances – to enter the opening balance of the last Financial Year when starting to use the software 13. User & Role Management – Apart from basic accounting features, user can also invite/control access to different users for Add/View/Delete rights for different section. 14. Module Preferences – Activate/Inactivate modules when not needed for the business. 15. Live Chat Support – a 24x7 live chat support is provided inside the software.
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Startups to get additional tax benefits in upcoming budget: Nirmala Sitharaman

Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that startups may get additional tax benefits in the upcoming budget, which is scheduled to be unveiled on February 1, 2017.

 

Her ministry has already suggested the finance ministry to consider raising tax holiday for startups to seven years from the current three years to encourage budding entrepreneurs. Sitharaman took a firm stand on tax and tax-related matters that always come from startups as it makes a tangible difference to a startup. She said some work has already happened, and more needs to be done. 

She said that all the suggestions of the entrepreneurs have been compiled by the ministry and given to the finance ministry. Asked about raising the tax holiday for seven years, she said that suggestion has also been given to the finance ministry.

 

Tax related (benefits) will have to come only through the Budget, she said, adding that suggestions with regard to exempting startups from MAT (minimum alternate tax) have also been forwarded. Further, she said the government is committed to removing any legislative hurdles that startups are facing. The Centre is also involving local authorities, including States, to help the budding entrepreneurs in terms of local taxes among other measures.

The minister also asked DIPP secretary Ramesh Abhishek to organise a meeting with RBI, SIDBI, banks, and VCs to deliberate on funding related issues. She was speaking at the first anniversary of Startup India in Delhi.

Speaking on the occasion, Abhishek said,

“Startups need more support in terms of taxation and infrastructure. We need to do more for them and we are working with the finance ministry (on tax-related matters). State governments too should extend full support to promote the units in the country.”

The DIPP secretary said that although several States are coming out with specific policies related to startups, more needs to be done by the States. “We are also involving corporates and banks to support startups… nothing is cast in stone and we can rework the definition of startups”, Abhishek said.

The department, is also working on extending easy funding to startups and providing a suitable environment, he said. Further, Sitharaman asked startups to work on areas like animal husbandry, veterinary science, waste management, and aggregation of fuel. She said, “These are the areas where we want startups to work on. I want them to look at how we can make our existing cities smart.”

The government launched the Startup India initiative in January last year to promote budding entrepreneurs in the country. The initiative lays down the roadmap for the creation of a conducive ecosystem for the growth of startups. As part of the ongoing initiative to facilitate the ecosystem, a virtual hub will soon be rolled out. The hub will serve as a one-stop solution platform for all such queries and also a meeting ground for investors, incubators, and startups.

Did you know? Zybra is GST Compatible & Integrated Accounting Software. Try it for FREE till March 2017

Content sourced from: YourStory
  • Posted on Jan 19, 2017
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  • By Deep Patel
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  • 0 Comments

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