Simple Accounting Bookkeeping helps you to record all your transactions such as Sale, Purchase, Payments , Expenses, Taxes etc. in an extremely simple manner. Simple Accounting Bookkeeping has been designed for small businesses to manage their complete accounting needs with limited or no knowledge of underlying accounting principles. You can send across invoices, record purchases, manage your expenses, track your payable and receivables. INPUT TAXES : The app supports tracking input credits for VAT / GST etc. on your purchases and offsetting the same on taxes payable against your Sales. INVENTORY MANAGEMENT : If you buy/sell physical products You can enable inventory tracking for them. Your inventory levels for each product will be automatically reduced on Sale and increased on Purchases. Profit and Loss module would keep track of "Cost of Goods Sold" whenever you make a Sale and calculate your profits accordingly. It is useful for businesses dealing in services as well as physical products. - Create multiple Sales / Purchase Accounts to classify your Sales/Purchase ( by region, product vertical etc.) - The app will show you Net Tax Payable as difference of Input Credits and Tax on Sales and record the payment of the same.