{"id":1980,"date":"2022-03-23T19:23:10","date_gmt":"2022-03-23T19:23:10","guid":{"rendered":"https:\/\/iteck.smartinnovates.com\/demo1\/?p=1980"},"modified":"2024-09-05T08:57:12","modified_gmt":"2024-09-05T08:57:12","slug":"is-your-accounting-fsm-actually-helping-you-to-reduce-expenses","status":"publish","type":"post","link":"https:\/\/breezefsm.in\/blog\/is-your-accounting-fsm-actually-helping-you-to-reduce-expenses\/","title":{"rendered":"Is Your Accounting FSM Actually Helping You to Reduce Expenses?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1980\" class=\"elementor elementor-1980\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-516a8a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"516a8a2\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b022dc\" data-id=\"8b022dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ca59962 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ca59962\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-05640a8\" data-id=\"05640a8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c7a8f0b elementor-widget elementor-widget-text-editor\" data-id=\"c7a8f0b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Small retail businessmen like you, rely on accounting, store and inventory reports to set benchmarks, make operational decisions, and measure organisational health. The role of facilitating that is the job of the ERP system you are using for your organisation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9588dde elementor-widget elementor-widget-text-editor\" data-id=\"9588dde\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Tight integration and real-time synchronisation of all sales channels should enable you to view product performance, inventory usages, profitability and all key performance indices for your entire business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec5fd73 elementor-widget elementor-widget-text-editor\" data-id=\"ec5fd73\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Evidently reports are one of the most crucial parts of a ERP system.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75bb993 elementor-widget elementor-widget-text-editor\" data-id=\"75bb993\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>All FSM systems boast of its vast array of reports or its report building capabilities. However, what they fail to realize is, most business owners feel overwhelmed by the breadth of financial reporting available to them.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-caad1ab elementor-widget elementor-widget-text-editor\" data-id=\"caad1ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Reports like financial statements, AR\/AP reports etc are those that are critical in running your business and most of you end up paying a hefty sum in getting these reports built by professional services like a chartered accountant firm.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4ad7e9 elementor-widget elementor-widget-text-editor\" data-id=\"c4ad7e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A ERP however, should be equipped to deliver such reports at your fingertips without any intervention from external professionals. Thereby, reducing a significant cost to the company.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b92db76 elementor-widget elementor-widget-text-editor\" data-id=\"b92db76\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>BreezeERP has been built in collaboration with our clients in retail space to provide you with all the reports and analysis that are critical to run your business efficiently.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-df30a5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df30a5a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-53465e5\" data-id=\"53465e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d43a34b elementor-blockquote--button-view-icon elementor-blockquote--button-skin-link elementor-blockquote--button-color-official elementor-widget elementor-widget-iteck-blockquote\" data-id=\"d43a34b\" data-element_type=\"widget\" data-widget_type=\"iteck-blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"iteck-blockquote\">\r\n\t\t\t\t\t\t\t<div class=\"twitter-header\">\r\n\t\t\t\t\t<div class=\"twitter-user\">\r\n\t\t\t\t\t\t<div class=\"tweet-user-img\">\r\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/iteck.smartinnovates.com\/demo1\/wp-content\/uploads\/sites\/2\/2022\/04\/user1.jpeg\" alt=\"img\">\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"tweet-user-info\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Russel B.<\/cite>\r\n\t\t\t\t\t\t\t\t<small class=\"color-999\">\r\n\t\t\t\t\t\t\t\t\t @russelb\t\t\t\t\t\t\t\t\t 15 Jul, 2022\t\t\t\t\t\t\t\t\t<\/small>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"twitter-button\">\r\n\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%E2%80%9CIf+your+sales+team+is+looking+for+strong+tailwinds%2C+all+you+need+is+a+team+like+%3Ca+href%3D%22https%3A%2F%2Fbreezefsm.in%2F%22%3E+%40BreezeFSM+%3C%2Fa%3E+who+is+incredibly+dedicated%2C+knowledgeable%2C+and+helpful.+The+finished+product+was+beautiful+and+worth+every+penny.%E2%80%9D+%E2%80%94+Russel+B.&amp;url=%40russelb&amp;via=russelb\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-twitter\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-screen-only\">Tweet<\/span>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"twitter-content\">\r\n\t\t\t\t<p class=\"elementor-blockquote__content\">\r\n\t\t\t\t\t\u201cIf your sales team is looking for strong tailwinds, all you need is a team like <a href=\"https:\/\/breezefsm.in\/\"> @BreezeFSM <\/a> who is incredibly dedicated, knowledgeable, and helpful. The finished product was beautiful and worth every penny.\u201d\t\t\t\t<\/p>\r\n\t\t\t<\/div>\r\n\t\t<\/blockquote>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aca1abf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aca1abf\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8f7e6be\" data-id=\"8f7e6be\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddabb8b elementor-widget elementor-widget-heading\" data-id=\"ddabb8b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Financial Reports<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0bd3190 elementor-widget elementor-widget-text-editor\" data-id=\"0bd3190\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Depending on how frequently you review your financials, many things can be observed and acted upon that will have a dramatic impact on your retail business. Addition to that, as per company\u2019s act of 2013 businesses are required to file their financial reports with the RoC. The Accounting module of BreezeERP is equipped with financial reporting as per the compliance rules of IFRS (International Financial Reporting Standards).<\/p><ul><li>Income Statement or Profit &amp; Loss Account (Part-11 of Schedule VI)<\/li><li>Balance Sheet (Part-1 of Schedule VI)<\/li><li>Cash flow statement AS 3, lAS 7<\/li><li>AR\/AP Reports<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd2925e elementor-widget elementor-widget-image\" data-id=\"bd2925e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"770\" height=\"480\" src=\"https:\/\/breezefsm.in\/blog\/wp-content\/uploads\/2022\/03\/finaicial-reports.png\" class=\"attachment-large size-large wp-image-2520\" alt=\"Finaicial Reports\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d2daf6f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d2daf6f\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-257252e\" data-id=\"257252e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-baaf50c elementor-widget elementor-widget-heading\" data-id=\"baaf50c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Statutory GST Reports<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b947a29 elementor-widget elementor-widget-text-editor\" data-id=\"b947a29\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>GSTR-1 is the monthly GST return to be filed by a taxable person  registered under GST. GSTR-1 includes the details of all outward supplies (Sales) made in the given period. Other such reports are:<\/p>\n<ul>\n \t<li>GSTR-3B<\/li>\n \t<li>GSTR-2 Report &amp; Reconciliation<\/li>\n \t<li>TDS eFiling<\/li>\n<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51af7ec elementor-widget elementor-widget-image\" data-id=\"51af7ec\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"770\" height=\"480\" src=\"https:\/\/breezefsm.in\/blog\/wp-content\/uploads\/2022\/03\/statutory-gst-reports.png\" class=\"attachment-large size-large wp-image-2522\" alt=\"Statutory GST Reports\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-834db56 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"834db56\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2d25a5b\" data-id=\"2d25a5b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47915dd elementor-widget elementor-widget-heading\" data-id=\"47915dd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Contact us at: https:\/\/breezefsm.in\/contact\/<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Small retail businessmen like you, rely on accounting, store and inventory reports to set benchmarks, make operational decisions, and measure organisational health. The role of facilitating that is the job of the ERP system you are using for your organisation. Tight integration and real-time synchronisation of all sales channels should enable you to view product performance, inventory usages, profitability and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[75],"tags":[69,57,58,71,72],"class_list":["post-1980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breezeaccounting","tag-breeze","tag-cloud-accounting","tag-cloud-fsm","tag-financials","tag-gst"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/posts\/1980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/comments?post=1980"}],"version-history":[{"count":0,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/posts\/1980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/media\/2519"}],"wp:attachment":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/media?parent=1980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/categories?post=1980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/tags?post=1980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}