GST-Ready Financial
Accounting that
CFOs Trust

Chart of Accounts that thinks like a manufacturer

The chart of accounts in ARC ERP is built on standard Indian accounting principles but extended for manufacturing realities. You get separate ledger groups for raw material inventory, work-in-progress, finished goods, consumables, tooling, and capital work-in-progress. Cost centres can be mapped to plants, lines, departments or even individual machines, so a CFO sitting in Anna Nagar can see exactly which cell in Sriperumbudur is consuming the most power or generating the most scrap. The structure is hierarchical, multi-level, and fully configurable; it can mirror Schedule III of the Companies Act for statutory reporting while simultaneously rolling up to a custom internal MIS view for the management.

Tax Configuration for GST and beyond

Indian indirect tax is not for the faint-hearted. CGST, SGST, IGST, UTGST, RCM, TCS under 206C(1H), TDS under 194Q, e-invoicing thresholds, e-way bill triggers — every one of these has business logic that must be enforced at the document level, not after the fact. ARC ERP ships with a tax engine that handles all of this declaratively. You configure HSN/SAC codes, tax rates and place-of-supply rules once; every sales order, purchase order, invoice and credit note then computes taxes correctly, generates IRN-ready JSON for the IRP, and creates GSTR-1 and GSTR-3B working files automatically. For exporters in MEPZ and SEZ units, LUT-based zero-rated supplies and ICEGATE shipping bill linkage are native.

Journal Entries with manufacturing context

Most journal entries in a factory should never be manual — they should be the byproduct of operational events. ARC ERP automates depreciation runs, period-end provisions, prepaid expense amortisation, foreign exchange revaluation, and inter-branch transfers. When a manual journal is genuinely needed (say, to record a board-approved write-off), the entry is captured with full narration, supporting documents, and an approval workflow. Every journal carries a complete audit trail: who created, who approved, what changed, and when.

Incoming Payments

Receivables are where most Indian manufacturers leak working capital. ARC ERP’s incoming payments screen lets the accounts team apply a single bank receipt against multiple invoices, claim TDS, account for bank charges and exchange differences, and reconcile bank statements through a CSV or BAI2 import. Customer ageing is live, not a Friday evening report. Credit limits and credit periods are enforced at the sales order stage — the system warns or blocks new orders for customers exceeding limits, which means the conversation about overdue payments happens before the next dispatch, not after.

Outgoing Payments

On the payables side, three-way matching between PO, GRN and invoice is automatic. Vendor invoices that match within tolerance flow straight to a payment batch; exceptions are routed to the relevant buyer or stores in-charge for resolution. The MSMED Act 45-day rule for MSME suppliers is tracked automatically, with alerts to the CFO before any liability for interest is triggered. Payment runs can be exported as NEFT/RTGS files for Tally-style upload to internet banking, or pushed directly via integrations with major Indian banks.

Credit and Debit Notes

Sales returns generate credit notes, with proper GST reversal and inventory put-back, all in one click from the sales return document. Purchase returns generate debit notes with corresponding ITC reversal. Price revisions, post-dispatch discounts, quality rejection adjustments — every commercial reality of a manufacturing business is supported with the right document type, the right tax treatment, and the right ledger impact.

Branch Expenses

Multi-branch manufacturers typically struggle to control branch-level spending. ARC ERP gives each branch its own expense module with category-wise budgets, approval matrices and bill-wise tracking. Expenses are tagged to cost centres and projects, so when the CFO asks ‘what did we spend on contract labour in the Hosur plant last quarter,’ the answer is one click away, broken down by week and by vendor.