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Description
GST Reconcile is an innovative tool designed for GSTR-2B reconciliation, tailored specifically for Indian chartered accountants, finance teams, and accountants tired of spending excessive time on tedious manual reconciliations in Excel. By simply uploading your purchase register and GSTR-2B file, GST Reconcile quickly aligns invoices, highlights missing ITC, and uncovers partial matches that traditional Excel functions often overlook, making it compatible with data exports from Tally, Busy, ClearTax, and any other ERP systems.
Noteworthy features include:
1. Streamlined GSTR-2B reconciliation processes
2. Advanced partial matching capabilities that effortlessly corrects for typos, formatting discrepancies, and variations in invoice numbers
3. Detection of at-risk ITC, which alerts users to invoices absent from GSTR-2B, allowing for proactive vendor follow-ups prior to filing
4. Detailed GSTIN-wise summaries for efficient vendor reconciliations
5. An intuitive, color-coded Excel report that provides clear breakdowns of IGST, CGST, SGST, and Cess
This tool is specifically crafted for chartered accountants overseeing multiple clients, small to medium-sized enterprise finance teams, and accounting professionals seeking swift and precise reconciliations without the need for complicated or costly software solutions. With its user-friendly interface and efficient functionalities, GST Reconcile transforms the reconciliation process into a seamless experience.
Description
To initiate a reconciliation, one should start by examining the closing balance of the General Ledger in comparison to the sub-ledger or other pertinent documents, which may include bank statements or third-party records. Any discrepancies identified between these sources must be thoroughly investigated, measured, and resolved whenever feasible by making the necessary adjusting entries in either the general ledger or sub-ledger. It is also essential to document any anomalies as reconciling items to maintain transparency throughout the process. Ultimately, the balances should align perfectly and be substantiated with all accompanying documentation linked to the reconciliation. The review process is crucial for confirming the completeness of the reconciliation, and incorporating an additional approval layer can enhance confidence in its accuracy. Moreover, establishing a robust framework along with a standardized process can significantly streamline and enhance the efficiency of the reconciliation process at the end of each month. This not only fosters consistency but also aids in identifying potential issues much earlier in the cycle.
API Access
Has API
API Access
Has API
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Integrations
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Pricing Details
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Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
GST Reconcile
Founded
2026
Country
India
Website
gstreconcile.in
Vendor Details
Company Name
RecWise
Founded
2017
Country
Australia
Website
www.recwise.com
Product Features
GST
GST Accounting
GST Billing & Invoicing
GST Compliance
GST Inventory Management
GST Reporting
GST Tax Credits
GST Tax Filing
Product Features
Audit
Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management