Simplify Finances, Amplify Success: Finance Module – Your GST-Ready, AI-Powered Solution!
From invoices to audits, BizAXL keeps your books accurate and stress-free.
Modules detailed are STANDALONE SOLUTIONS
For ZERO-RISK approach of MSMEs and Startups – BizAXL SOLKITS Accelerates your business FASTER
Key Features
Chart Of Accounts Management
- Flexible Account Structure: Scalability for multi-branch, multi-currency businesses
- Automated Mapping: Map ledgers with cost centres, taxes, and items
- Predefine Templates: Industry-ready charts of accounts available. Faster implementation and compliance readiness
General Ledger & Journal Entries
- Real-Time Ledger Updates: Every transaction automatically posts into the GL
- Multi-Currency Support: Handles foreign currency transactions with auto FX gain/loss calculation. Simplifies global operations and compliance
- Custom Journals: Record depreciation, adjustments, and accruals easily. Audit-Ready books without complex manual adjustments
Accounts Receivable (AR)
- Customer Invoicing: Recurring invoices, payment terms, and automated reminders. Improves cash flow and reduces delays in collections
- Credit Limit Control: Set credit limits per customer. Reduce financial risk from overextended credit
- Customer Statements: Outstanding reports and aging summaries
Accounts Payable (AP)
- Supplier Invoices & Bills: Capture supplier invoices with auto-ledger posting, eliminate duplicate entries
- Payment Scheduling: Due dates and automate payment processing. Optimise working capital and avoids late fees
- Expense Booking: Link expenses directly to cost centres/projects. Accurate cost tracking and profitability analysis.
Banking & Cash Management
- Bank Reconciliation: Import bank statements and auto-reconcile
- Cash Flow Projections: Real-time cash flow forecasting. Liquidity management for decision-making
- Payment Gateways: Integration with Razorpay, Stripe, PayPal, etc. Simplify collections and online payments
Budgeting & Cost Centres
- Department/ Project Budgets: budgets per cost centre or project. Performance Tracking and Cost Control
- Variance Analysis: Actuals vs Budgets with alerts. Prevent budget overruns and supports coercive actions
- Hierarchical Cost Centres: Multi-level reporting structure. Granular financial monitoring
Taxation & Compliance
- GST/ VAT/ TDS Automation: Regional Tax rules with auto-calculation
- E-Invoicing & Filing: Integration with government systems (Indian GST portal)
- Audit Trails: Logs for every financial transaction. Enhanced regulatory compliance
Financial Reporting
- Standard Reports: Balance Sheet, P&L, Trial Balance, Cash Flow
- Custom Dashboards: Build real-time financial KPIs for CXOs with interactive visuals
- Consolidated Reporting: Multiple companies or branches, unified view for group companies.
Asset & Depreciation Management
- Fixed Asset Register: Asset-wise details with purchase & location, insurance-compliance
- Depreciation Automation: System-calculated monthly/yearly depreciation.
- Asset Disposal Tracking: Capture sale, transfer, or write-off. Correct financial treatment and compliance
Why Choose bizaxl Accounting Solution?
Quick "Go Live"
(in less than 500 minutes)
- Focus on your Core Functionality
- Standardised Configuration
- Rapid Data Migration
- Reduced Training and Change Management
Indian Language Support
(in 12 Indian languages)
- Inclusive and Accessible
- Faster Employee Adoption
- Reduced Misunderstandings
- Streamlined Operations for Diverse Workforce
"Mobile First" Design
(available anywhere)
- Ubiquitous Accessibility
- Intuitive User Experience (UX)
- Enhanced Employee Engagement
- Real Time Notifications
AI-driven Agents
(Converse with bizaxl Finance Solution)
- Invoice & Bill Extraction
- Expense Claim
- Bank Transaction Parsing
- Tax & Compliance Document Agent
- Fraud/ Anomaly Detection
Compliance Ready
(Integration with Indian Business Ecosystem)
- Seamless connection with MCA, GSTN portals, EPFO/ESI, and Tally data migration
- Indian Payroll & Statutory Compliance
- Ready fin-tech integrations
Customisable Workflows
(Unique Policies deployed with ease)
- Adapting to Unique Company Policies
- Ensuring Compliance and Auditability
- Streamlining Complex Processes
- Empowering User Adoption
HR Solutions Comparison
| bizaxl Accounting | Traditional ERP | Standalone Accounting |
|
|---|---|---|---|
| Target Customer | SMEs, growing companies, groups that want ERP + modern automation | Large enterprises with complex, rigid processes | Small businesses, freelancers, micro-SMEs focused on bookkeeping |
| Implementation Time & Cost | Strong. With packaged AI agents | Long & expensive. Heavy Consultancy cycles | Low cost & fast to deploy. No AI |
| Extensibility | AI agents | AI agents, but expensive | Limited customisation |
| India tax & statutory Compliance | Strong. Localised (GST, e-Invoicing, TDS). AI can capture tax documents | Needs local adapters. Complex setup for e-Invoicing | Many support GST, but lack full statutory-flow |
| AI-driven data ingestion | Out-of-the-box | Requires development | Some offer OCR/ email parsing. No deep WhatsApp/ agent workflows |
| Integration with business ecosystem | High | High | Moderate |
| Reporting & Analytics | Real-time dashboards, customisable financial KPIs etc | Strong for complex reports. Lacks agility | Lacks consolidated/ multi-entry depth |
| Total Cost of Ownership (TCO) | Attractive for SMEs and MSMEs | High TCO | Low TCO for accounting. Costs zoom for integration with other modules |
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