Bills with payables ageing — what is due, to whom, and when.
Accounting · Purchases
The purchase side decides two things beyond the expense: the credit you can claim and the tax you must deduct. Both are settled at the bill, not at quarter-end.
Bills with payables ageing — what is due, to whom, and when.
Vendor, items, tax and the TDS section — settled in one screen.
Ordered, received, billed — the three-way view without a spreadsheet.
Goods in, recorded against the order and the godown.
Returns and rate differences, against the original bill.
Settled against bills, part-payments tracked.
Who you owe, how long, at any date.
A purchase bill is simultaneously an expense, an input credit and a possible deduction. All three are decided here.
| The Expense | The Credit | The Deduction | The Payment | |
|---|---|---|---|---|
| Settled At The Bill | Expense Head Vendor Ledger Cost Centre | Input Tax Claimable Against 2B HSN Recorded | Section Chosen Rate Applied Challan Tracked | Due Date Part Payments Ageing |
| Consequence If Late | Books are not current | ITC at risk in 2B | Reconstructed at quarter-end | Nobody knows what is owed |
Expense, input credit and TDS all originate at the same document. That is why a half-done purchase register makes 2B look wrong when it is not — and why the fix is bookkeeping, not compliance software.
Vendors can submit their own GSTIN, PAN and bank details through the portal.
Expense, credit and deduction, from one entry.