TAXAJ

Some call us 'Digitally Pro' Tax Consulting Firm others call us 'Financial Doctors'

TAXAJ's Digital accounting software manages your finances, keeps you GST compliant, automates business workflows, and helps you work collectively across departments. In addition, our Digital Accounting system enables the client to have the edge over their competitors in terms of books of accounts.

It has been considered that “Accounting is the language of business.” The forever-evolving digital technologies of accounting will affect the future of financial & tax professionals in specific ways that have not yet been imagined. Digital accounting refers to forming, representing, accounting, and transmitting financial data in an electronic & digital format. Computers and digital accounting software have transformed the financial & accounting industry. Technology advancements have enhanced the accountant’s ability & efficiency to interpret and report data faster, more efficiently and more effectively than ever before.


The most significant benefits of the digital age of accounting to productivity can be organised into four main categories such as E-Business, Cloud Computing, Enterprise Resource Planning (ERP) Systems and Digital Technology Advancements.


E-Business & Accounting

Electronic business & Accounting processes allow team members to coordinate activities for internal management and combine the client’s information with a financial professional’s data via digital networks. Enterprise applications can be shared via internal and external networks called Intranets and Extranets. These technologies distribute information through a single point of access, such as a Web interface using the highest level of encryption security standards available.


Cloud Computing

Software-as-a-service (Saas) provides the core of the cloud computing experience. More and more companies are creating custom platforms to facilitate data access via all kinds of mobile devices. The ability to access information at any time from anywhere is now imperative.


Enterprise Resource Planning (ERP)

ERP systems are software programs that bring different departments in an organization into the same collaborative environment. They make information available from diverse groups and support activities from multiple locations.

Data is accessed through a central database and shared from different functions such as accounting, finance, marketing, human resources and manufacturing. ERP improves business performance by allowing management to get a full three-hundred-sixty-degree view of how a business performs in real-time. This is a massive advantage in making significant business decisions with increased accuracy, reliability and speed.


Digital Technology Advancements

Easily accessible and retrievable data characterize the nature of digital accounting systems through the utilization of integrated systems, real-time reporting and ongoing development.

New technologies in digital accounting are designed to fulfil an overwhelming pressure for “data on demand.” Smartphones, Apps and Social Media are the primary conduits for this process. Constant advancements allow financial professionals to spend more time advising clients and developing strategies than simply generating financial reports.


How We Can Help You

TAXAJ provides professional services that keep your business focused on your critical objectives. We provide strategic Accounting and Human Resource (HR) services explicitly created to help you meet your goals. Through exemplary customer service, clearly defined policies and procedures as well as a forward-looking perspective, we provide the outsourced solutions your business needs to grow. A TAXAJ professional is happy to meet with you to discuss solutions for your unique requirements designed to maximize all of your business opportunities.

Digital Accounting is the Future, Know Why?

Online GST Accounting Software, this Digital accounting tool is a catalyst for your business.

Digital Accounting-Books with TAXAJ

End-to-end accounting

Right from negotiating deals to raising sales orders and invoicing, We handles mundane digital accounting tasks so you focus on business.

GST Compliant

Create GST invoices, know your tax liability, and file your tax returns directly. TAXAJ keeps your business GST compliant.

Integrated Platform

As your business grows, adding more applications to help you manage and run every aspect of your business is a requirement wherever you are.

Features at a glance

Click on each tab to view the template page. It will give you in depth experience about the practical use of user friendly interfaces. 

Receivables
Payables
Inventory
Banking
Contacts
Timesheet
Reports
Receivables
Digital Books - Receivables - TaxaJ
  • Keep the money coming in with TAXAJ. Send estimates, convert to invoices, and get paid online, on time.

  • Create GST invoices in seconds
  • Chase payments easily with payment reminders
  • Give your customers online payment options and get paid faster
Payables
Digital Books - Payables - TAXAJ

Stay on top of your payables and know where your money is going. From vendor bills to expenses, TAXAJ makes managing payables easy.

  • Create and send purchase orders
  • Upload expense receipts
  • Keep track of the payments you've made
Inventory
Digital Books - Inventory - TaxaJ

Capture the goods and services you offer and quickly add them to your transactions.

  • Keep track of inventory levels at all times
  • Set reorders point and replenish stock when it gets low
  • Organise your inventory with vital information like SKU, cost, and stock on hand
Banking
Digital Books - Banking - TaxaJ

Set up your bank account and automatically import your transactions to your accounting software.

  • Skip data entry with automatic bank feeds
  • Set up rules to categorise your banking transactions for easier reconciliation
  • Make and collect payments directly with partner bank integrations
Contacts
Digital Books - Contacts - TaxaJ

Set up your bank account and automatically import your transactions to your accounting software.

  • Skip data entry with automatic bank feeds
  • Set up rules to categorise your banking transactions for easier reconciliation
  • Make and collect payments directly with partner bank integrations
Timesheet
Digital Books - Timesheet - TaxaJ

Keep track of time spent on projects and effortlessly invoice your customers for your work.

  • Manage multiple projects easily
  • Create invoices directly from projects
  • Track un-billed hours and expensesDigital Books - Receivables - TaxaJ
Reports
Digital Books - Reports - TaxaJ

TAXAJ supports 50+ business reports to help you get better insight into your business health. From Profit and Loss statements and Inventory Summary reports to GST reports, TAXAJ offers all the reports required to run your business smoothly.

  • Schedule reports and email them to yourself or share them with your team
  • Get a business overview with your custom dashboard
  • Customise reports and filter the data further for better insights

Here's how TAXAJ keeps your business GST compliant 

GST treatment for items and contacts

TAXAJ lets you associate HSN/SAC codes with your goods and services and record the GSTIN's for contacts at the time of creation. The next time you generate a transaction, the corresponding information is auto-populated.

GST In Transactions

Get a grip on your taxes with TAXAJ. From the supply to GST levied on goods and services, display all relevant details in your bills and invoices, so your transactions meet the Government mandates all across the states.

E-Way Bills for Consignment

Create e-Way bills from your accounting software. TAXAJ automatically detects transactions that require e-Way bills & help you capture e-Way bill information in your invoices and transport copies.

On-Time Returns Filing

File your GST returns directly from Software. Accounting software will automatically calculate GST liability and enable you to push transactions to the GST portal and file returns now.

Out of the Box Integrations

Switch to smart accounting software. Switch to TAXAJ.

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Benefits of Digital Accounting

The digital accounting software market is expected to grow at an expansion rate of 8.6 per cent per year starting from 2018. According to the latest market research by Accounting Today, it will likely have a global value of $11.8 billion by 2026. Accounting firms increasingly leverage the new-age accounting software to automate time-consuming and repetitive tasks and redefine existing business processes. They are switching from conventional accounting software to emerging technology innovations. Talking about micro, small, and medium enterprises & businesses, they play a significant role in building a nation's economy. Therefore, it is essential to restructure them where digital transformation & marketing can play a significant role. As digital accounting has remarkably upgraded accountancy and brought in various benefits for businesses & start-ups performing accounting operations, it's more important than ever for companies to adopt digital accounting in a usual manner. It will make their accounting processes more efficient by planning strategically, organizing, and adequately channelizing their financial strategies.

The Age of Digital Solutions


Technology is transforming the core operational areas of organizations, such as the value-added supply chain and the central functions, including human resources, payroll, finance, and purchasing. Moreover, disruption & adaptation is also seen in systems and processes in accounting at a very rapid pace. The significant advancements brought by the latest technology are e-business, Enterprise Resource Planning (ERP), and cloud computing. Further, the digital tools are helping Chartered Accountants carry out their tasks effortlessly, accurately, and in quite minimum time.


Some of these tasks are bulk replication & updation of vouchers, bulk creation of vouchers, complete GST summarised overview, voucher auditing, finding minimum/maximum cash balance in a year, amount-wise sorting of coupons, and much more. These tasks are made smooth by various digital solutions such as data quality management, paperless accounting, creation of transparency, real-time reporting, real-time accessibility, uniformity of systems, extensive data analysis, cloud computing, etc.

Here's why an organization must adopt accounting tools:

Extremely Time and Cost Savings

Digital Accounting is both Time & Money-saving. It makes accounting processes much faster, including statements, reporting, invoicing, and budgeting, and eliminates the need to hire a bookkeeper to check the accounts & books' accuracy. Further, as all of the data can be automatically recorded & organized by the accounting tool, it leaves no margin for error. Another way that digital accounting can reduce your operational costs is by keeping a check on payables and receivables. Hence, an organization knows where its money is being utilized or spent.

Easy Access to Financial Reports

Accounting tools allow the financial management & experts team to create financial reports & summaries within minutes. These reports include cash flow statements, trading accounts, profit and loss reports, GST Summary Report and balance sheets. The best part here is that most of these tools don't require extensive or specialized training to use them. So, one can generate any of the reports without depending on any financial expert or financial doctor.

Strengthen Data Security

As cyberattacks continue to increase in number, it is essential to prioritize data safety. The new-age latest accounting software is protected by extra security layers, such as dedicated IP Login, authorized access, two-factor authentication, and regular backup of cloud-based data. Many companies or businesses provide additional security measures such as SSL, encryption, protection from phishing attacks via virus, firewalls, data storage in multiple data centres, cloud-based backup, etc.

Advantages of E-Invoicing

E-invoicing can feed data directly into a business account payable system without any margin or scope for error. This makes a business more productive, accurate and efficient as one doesn't need time to correct human errors. Also, e-invoicing helps organizations process invoices faster, resulting in timely payments, thus improving the relationship with the suppliers.


Providing Convenience

Often, within the financial ecosystem and large auditing firms, there have been discussions about how digitalization in accounting systems will affect the accountant profession in the long term. Well, their role will become more vast, accurate, significant, and crucial for an enterprise's financial planning. Technological advancements in digital accounting are expected to fulfil an overwhelming pressure for "data on demand" and easily accessible and retrievable data.

Summarised Report

It can help organize the accounting books of organizations, saving time and effort that goes into keeping financial records in order. With accounting software, organizations can save invoice templates, details of their customers, and product information all in one place. 

Streamlined Process

Digitized accounting makes it convenient and more accessible for businesses to serve their customers more proactively and effectively manage their operations. Adopting these technologies is essential for extracting timely financial insights as well as staying ahead of the competition. Also, in a post-pandemic world, businesses will have to embrace digitization to survive and overcome adversaries.

Pocket Friendly

Digital or Cloud based accounting is not so much costly and its quite pocket friendly as compared with the services and features that is offered in that. Moreover it helps you save a lot of costs by organising the financials and books of accounts in a simple yet dedicated manner.