Complete Accounting Platform for India

Powerful Accounting.
GST Compliance.
Complete Financial Visibility.

From AI-powered book keeping and GST to banking, inventory, payroll, financial statements and business analytics, 118 Accounting gives Indian businesses one connected accounting platform.

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AI-powered GST ready Cloud based Business analytics

AI & Automation

Make everyday accounting faster.

Automate repetitive work, capture financial documents intelligently and get useful answers from your accounts.

AI-powered accounting

Make Everyday Accounting Faster

✓AI transaction categorization
✓AI book keeping assistance
✓AI invoice capture
✓AI bill capture
✓AI expense capture
✓AI OCR
✓AI document processing
✓AI financial insights
✓AI financial assistant
✓Automated accounting workflows

AI financial assistant

Ask Your Accounts

✓Sales
✓Purchases
✓Revenue
✓Expenses
✓Profit
✓Cash flow
✓Receivables
✓Payables
✓Inventory
✓GST
✓Business performance

Accounting automation

Reduce Repetitive Work

✓Recurring invoices
✓Recurring bills
✓Payment reminders
✓Transaction categorization
✓Expense processing
✓Document capture
✓Bank reconciliation
✓Financial reporting
✓GST workflows

Sales & Receivables

Manage the complete sales cycle.

From customers and quotations to GST invoices, collections and receivables reporting, keep the entire revenue process connected.

Sales Management

Manage the Complete Sales Cycle

✓Customers
✓Quotations
✓Estimates
✓Sales orders
✓Proforma invoices
✓Tax invoices
✓Recurring invoices
✓Credit notes
✓Debit notes
✓Delivery challans
✓Sales returns
✓Payment collection

GST Invoicing

Create GST-Ready Tax Invoices

✓GSTIN
✓Customer details
✓Place of supply
✓HSN/SAC
✓Taxable value
✓GST rates
✓CGST
✓CGST
✓SGST
✓IGST
✓UTGST
✓CESS
✓Reverse charge
✓B2B/B2C classification
✓Export transactions

Receivables Management

Stay on Top of Money Coming Into Your Business

✓Outstanding invoices
✓Customer balances
✓Aging analysis
✓Payment tracking
✓Payment reminders
✓Customer statements
✓Collection follow-ups
✓Receivables reports

GST Management

Complete GST management, built into your accounting.

Configure GST, calculate taxes, manage ITC, reconcile differences and support return workflows from one place.

Configure Your GST

✓GSTIN
✓Multiple GST registrations
✓State
✓GST rates
✓Tax groups
✓HSN
✓SAC
✓Tax categories
✓Place of supply
✓Reverse charge

GST Calculation

Automatically calculate

CGST

SGST

IGST

UTGST

CESS

Input Tax Credit

Manage Your ITC

✓Input GST
✓Eligible ITC
✓Ineligible ITC
✓Purchase GST
✓ITC tracking
✓ITC reconciliation
✓Supplier invoice matching

GST Reconciliation

Identify Differences Before They Become Problems

✓Missing invoices
✓Duplicate invoices
✓GSTIN mismatches
✓Invoice number differences
✓Tax amount differences
✓Supplier mismatches
✓Credit note differences
✓ITC differences

GST Returns

GST Reporting & Return Workflows

Support accounting workflows around:

✓GSTR-1
✓GSTR-3B
✓GSTR-2B reconciliation
✓GSTR-9
✓GSTR-9C
✓Sales registers
✓Purchase registers
✓Input tax credit
✓Output GST
✓HSN summaries
✓Tax liability

Final return filing functionality should be enabled according to the actual GSTN integration implemented by 118.

Digital Compliance

Connect invoicing, validation and dispatch workflows.

Keep e-Invoice and e-Way Bill information connected with the underlying accounting transaction.

e-Invoice Management

Generate and Track e-Invoices

✓e-Invoice generation
✓IRN
✓QR Code
✓Acknowledgement number
✓Acknowledgement date
✓e-Invoice status
✓Cancellation
✓Error handling
✓Invoice history

e-Invoice Validation

Reduce Errors Before Submission

Validate:

✓GSTIN
✓Invoice number
✓Invoice date
✓HSN/SAC
✓Tax rates
✓Tax amounts
✓Place of supply
✓Customer information
✓Transport details

e-Way Bill Management

Connect Billing With Dispatch

✓e-Way Bill generation
✓e-Way Bill number
✓Transporter details
✓Vehicle details
✓Transport mode

✓Distance
✓Part-B details
✓Validity
✓Cancellation
✓Status tracking
✓e-Way Bill history

e-Way Bill From Invoice

Reduce Duplicate Data Entry

Use relevant information from your invoice and transaction to support the e-Way Bill workflow.

Purchases, Expenses & Banking

Bring money going out of your business under control.

Purchase Management

✓Purchase enquiries
✓Purchase orders
✓Goods receipts
✓Supplier bills
✓Purchase invoices
✓Purchase returns
✓Debit notes
✓Vendor payments
✓Purchase history

Vendor Management

✓Vendor profiles
✓GSTIN
✓Contact information
✓Purchase history
✓Outstanding balances
✓Vendor statements
✓Payment history

Accounts Payable

✓Outstanding bills
✓Due dates
✓Aging analysis
✓Payment tracking
✓Vendor balances
✓Payment reminders
✓Supplier statements

Expense Management

Track Every Business Expense

✓Expense recording
✓Expense categories
✓Receipt capture
✓Employee expenses
✓Expense approvals
✓Reimbursements
✓Recurring expenses
✓Expense reports
✓Cost analysis

Bank Management

Bring Your Banking and Accounting Together

✓Multiple bank accounts
✓Bank transaction imports
✓Bank feeds
✓Transaction history
✓Account balances
✓Transaction matching
✓Bank statement import

Bank Reconciliation

Keep Your Books Aligned With Your Bank

✓Automatic reconciliation
✓Transaction matching
✓Manual reconciliation

✓Unmatched transactions
✓Reconciliation history
✓Bank statement comparison

Accounting Core

The foundation of your books, built for clarity.

Build your chart of accounts, manage journals and ledgers, review trial balances and keep a complete transaction view.

Chart of Accounts

Build the Foundation of Your Books

✓Account groups
✓Ledgers
✓Sub-ledgers
✓Account hierarchy
✓Account mapping
✓Account balances
✓Assets
✓Liabilities
✓Income
✓Expenses
✓Capital

General Ledger

✓Ledger transactions
✓Debit/credit entries
✓Account statements
✓Journal entries
✓Ledger reports
✓Opening and closing balances

Journal Management

✓Manual journals
✓Recurring journals
✓Adjustments
✓Transfers
✓Opening entries
✓Journal history
✓Journal reports

Trial Balance

✓Opening balance
✓Debit balance
✓Credit balance
✓Closing balance
✓Period comparison
✓Detailed trial balance

Day Book

Complete Transaction View

Review accounting transactions recorded during a selected period.

Cash Book

Track Cash Transactions

✓Cash receipts
✓Cash payments
✓Opening balance
✓Closing balance
✓Cash transaction history

Bank Book

Track Bank Transactions

✓Receipts
✓Payments
✓Transfers
✓Bank balances
✓Transaction history

Financial Statements

See the financial story behind every transaction.

Balance Sheet

Understand Your Financial Position

View:

✓Assets
✓Liabilities
✓Capital
✓Current assets
✓Current liabilities
✓Non-current assets
✓Non-current liabilities
✓Working capital

Profit & Loss Account

Understand Your Business Profitability

Track:

✓Revenue
✓Direct income
✓Direct expenses
✓Gross profit
✓Indirect income
✓Indirect expenses
✓Net profit/loss

Trading Account

Understand Your Trading Performance

Analyze:

✓Opening stock
✓Purchases
✓Direct expenses
✓Sales
✓Closing stock
✓Gross profit/loss

Cash Flow Statement

Understand Cash Movement

Analyze cash generated and used across:

✓Operating activities
✓Investing activities
✓Financing activities

Fund Flow Statement

Understand Movement of Funds

Track changes in working capital and movement of financial resources.

Receipts & Payments

Track Money Coming In and Going Out

✓Receipts
✓Payments
✓Cash
✓Bank
✓Period totals

Receivables & Payables

Know What You Owe and Who Owes You

✓Customer outstanding
✓Invoice aging
✓Due dates
✓Overdue amounts
✓Vendor outstanding
✓Bill aging
✓Payment tracking

Inventory

Manage stock from purchase to sale.

Keep products, warehouses, batches, valuation and profitability connected with your accounting.

Complete Inventory Management

Manage Stock From Purchase to Sale

✓Products
✓Stock items
✓SKU
✓Product categories
✓Units
✓HSN
✓GST rates
✓Stock levels
✓Stock movement
✓Stock valuation
✓Reorder levels

Multi-Warehouse

✓Warehouses
✓Godowns
✓Locations
✓Stock transfers
✓Location-wise stock
✓Warehouse balances

Batch & Serial Tracking

✓Batch numbers
✓Serial numbers
✓Manufacturing dates
✓Expiry dates
✓Batch-wise stock
✓Serial-wise stock

Inventory Reports

✓Stock summary
✓Stock movement
✓Stock ageing
✓Stock valuation
✓Reorder status
✓Batch-wise reports
✓Warehouse summary
✓Inventory turnover

Cost of Goods Sold

Understand product-level financial performance.

✓Product costing
✓COGS
✓Inventory valuation
✓Gross margin
✓Product profitability

Reporting & Analytics

Turn accounting data into decisions.

Compare performance, understand costs, plan budgets and monitor the financial health of your business.

Business Transaction Registers

Complete Operational Reporting

✓Sales Register
✓Purchase Register
✓Sales Order Book
✓Purchase Order Book
✓Credit Note Register
✓Debit Note Register
✓Receipt Register
✓Payment Register
✓Journal Register
✓Delivery Challan Register
✓Day Book

Cost Centres & Cost Management

Understand Where Your Money Is Being Spent

Track income and expenses by:

✓Department
✓Branch
✓Project
✓Employee
✓Business unit
✓Cost centre

Analyze

✓Cost Centre Performance
✓Department Expenses
✓Project Costs
✓Branch Profitability
✓Revenue Allocation

Budgeting

Plan Your Business Before You Spend

Create budgets and compare actual performance against planned numbers.

✓Budget creation
✓Account budgets
✓Department budgets
✓Branch budgets
✓Project budgets
✓Budget vs actual
✓Variance analysis
✓Period comparison

Ratio Analysis

Understand Your Financial Health

Analyze

✓Current Ratio
✓Quick Ratio
✓Gross Profit %
✓Net Profit %
✓Return on Investment
✓Working Capital
✓Working Capital Turnover
✓Inventory Turnover
✓Receivable Performance
✓Payable Performance

Financial ratio analysis can combine working capital, cash, debtors, creditors, inventory and profitability indicators for management decision-making.

Comparative Reporting

Compare Your Business Performance

✓Current vs previous period
✓Month vs month
✓Quarter vs quarter
✓Year vs year

✓Branch vs branch
✓Company vs company
✓Budget vs actual

Business Management

Built for businesses that are growing.

Multi-Company & Multi-Branch

Manage Multiple Businesses From One Platform

✓Multiple companies
✓Multiple GST registrations
✓Multiple branches
✓Location-wise reporting
✓Company-level permissions
✓Branch-level permissions
✓Consolidated reporting
✓Comparative reporting

Complete Payroll Management

✓Employee profiles
✓Salary structures
✓Salary processing
✓Allowances
✓Deductions
✓Payslips
✓Payroll reports
✓Employee loans
✓Employee advances
✓Reimbursements
✓Payroll accounting

Project Accounting

Track Project Revenue and Costs

✓Project budgets
✓Project expenses
✓Project revenue
✓Project billing
✓Time tracking
✓Project profitability
✓Project reports
✓Cost allocation

Document Management

Keep Financial Documents Organized

✓Invoices
✓Bills
✓Receipts
✓Purchase documents
✓Contracts
✓GST documents
✓Tax documents
✓Supporting documents

Make Payment Collection Easier

✓Payment links
✓Online payments
✓Payment gateways
✓Payment tracking
✓Payment reconciliation
✓Payment history
✓Payment reminders

Your Data Stays Flexible

Import and export accounting data using supported formats.

Supported Data Formats

✓Excel
✓CSV
✓XML
✓JSON

Use Cases

✓Opening balance migration
✓Master data migration
✓Transaction import
✓Transaction export
✓Accounting software migration
✓Reporting exports
✓Data backup

Accounting Software Interoperability

Bring Your Existing Accounting Data

118 Accounting can support migration and data-exchange workflows with existing accounting platforms.

Exchange

Masters · Ledgers · Customers · Vendors · Items · Opening Balances · Sales · Purchases · Receipts · Payments · Journals · Credit Notes · Debit Notes

Supported Formats

Excel · CSV · XML · JSON

Integration Possibilities

Reporting & Analytics

Your complete financial dashboard.

Monitor the numbers that matter without jumping between disconnected systems.

Revenue

Expenses

Gross Profit

Net Profit

Cash Flow

Working Capital

Receivables

Payables