In the realm of chartered accountancy and professional tax/finance practice, staying abreast of the latest technology is indispensable. The dynamic landscape of finance and accounting is continually shaped by technological advancements, ranging from sophisticated software solutions to innovative automation tools.
Professionals in these fields must adopt and adapt to emerging technologies to enhance efficiency, accuracy, and overall service delivery. Embracing cutting-edge technology not only streamlines routine tasks but also enables chartered accountants to provide timely and insightful financial advice to clients.
The following compilation of softwares not only adds value to your CA Firm/Practice, but also are essential in the basic nature of their usages.
Practice Management Software for CA Practitioners & CA Firms (Free for Members of ICAI)
Managing a CA firm requires keeping everyone on the same page. You need one-stop practice management software that will empower your firm, your team, and your clients. It allows you to streamline the processes and work together easily and efficiently at every step of your accounting process.
Practice management software offers some specific tools that let you communicate effectively, track how your time is being spent, and provide an ideal client experience, so you can retain clients and grow at ease.
Link: Practice Management Software – CMP Benefits
MICROSOFT 365
Microsoft 365 is the productivity cloud designed to help, with best-in-class Microsoft 365 apps such as Word, Excel and Powerpoint, intelligent cloud services, and advanced security for your practice.
Made under arrangement with Microsoft for the Members of ICAI – M365 Business Basic and
M365 Business Standard
Link: Microsoft-365 – CMP Benefits (icai.org)
RazorpayX – Banking, Payroll & Other Finances for Members in Practice
Automate your payroll software with precision– disburse salaries, file & pay taxes, like TDS, PF, PT & ESIC, and more from a single dashboard on your payroll software.
Get Lifetime Free RazorpayX Payroll Pro and Payments via dashboard.
Link: Banking, Payroll & Other Finances for Members in Practice – CMP Benefits (icai.org)
Cloud Based Ecosystem of Business Accounting Software
Cloud – based Accounting Software configured as per Indian Laws. Enables Chartered Accountants to Manage their Accounts & helps in Compliance with GST, TDS Payroll to record days to transaction like Purchase. Sales. Payment Receipt. Expenses etc.
(Mobile Application with Limited Features also Available).
Link: Cloud Based Ecosystem of Business Accounting Software – CMP Benefits (icai.org)
Arrangement GST Annual Return Software for Members in Practice/CA Firms
The committee has arranged the ‘Express GST Software’ for Practising Chartered Accountants (CA) & CA Firms. KDK Softwares has arranged Free GST Software “ExpressGST” and has worked out a special offer for Members and CA Firms in Practice.
Link: Arrangement GST Annual Return Software – CMP Benefits (icai.org)
Arrangement All-in-One accounting’ software
‘All–in-One Accounting’ software – A cloud based Accounting and Compliance solution: An arrangement by the Committee for Capacity Building of Members in Practice
The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has arranged Cloud based ‘All-in-One accounting’ software i.e. one Stop Solution for all Accounting, Compliance, Return Preparation and Filing needs of Chartered Accountants in Practice & CA Firms. The aforesaid software is free of cost for 3 years to CA Practitioners & Firms.
Link: Best Accounting & Compliance Software for CA 2023 (hostbooks.com)
Arrangement for Eff Factor Software Practitioners & CA Firms
Track job wise profitability
Efficiency of the employees
Automated Billing
24×7 can be accessed via phone, laptops etc.
Multiple reports for the management
Link: Efffactor Mail: contact@efffactor.com
TDS Software : An initiative of the Committee for Members in Practice (CMP)
Express TDS Software for CAs & CA Firms – a CMP initiative
Prepares TDS Returns 2X Faster
Work Anytime Anywhere and Collaborate on Any Device
Lower CTO (Total Cost of Ownership)
Express TDS (Anytime, Anywhere, Any Device)
Auto Update and Auto Backup for Better Performance
Link: ICAI Express TDS
Arrangement of the CORDL Practice Management software for the CA Firms of ICAI (with FRN)/ Practising Members of ICAI
Arrangement of the CORDL Practice Management software for the CA Firms of ICAI (with FRN)/ Practising Members of ICAI
Link: www.cordl.in To avail this offer, contact: ccbmpsales@cordl.in
Automating Account Confirmations and Reconciliation Software: An initiative of the Committee for Members in Practice (CMP)
ICAI Empaneled software to increase compliance to SA:505 External Confirmation
External Confirmation is one of the smallest but the most important processes to detect corporate fraud, if any. Infact, as per the Peer-review report for 2019-2020, SA:505 External Confirmation ranks 2nd highest non-compliant.
Link: Audit confirmation software for increasing compliance to SA:505 External Confirmation
GST Software : An initiative of the Committee for Members in Practice (CMP)
SPEQTA Free GST Software for CAs
Desktop Software
Filing of GSTR-9 and 9C
Reconcile before File
Online Activities
Download 2A in 2 Minutes, Download All GST Returns, Verify GSTIN, Download GSTR-1 & 3b Filed PDF, View All Notifications and Circulars and Many More Features
Ease of doing GST
Easiest filing
GSTR-1, 3-B, 9 and 9C with automatic auditor DSC setting
Quick download
Already filed GSTR-1, GSTR-3B, Challan Details, Credit and cash ledger directly
Allows Login to GST portal without typing Id and Password manually
Zoho Accounting Software: An initiative of the Committee for Members in Practice (CMP)
A digital financial platform for Chartered Accountants
Zoho, one of the leading players in the business technology landscape, is excited and proud to offer accounting, expense reporting, inventory management, and payroll apps for FREE for three years to Chartered Accountants. With Zoho’s powerful financial tools, digitise your office and collaborate with your staff effortlessly.
Link: Chartered Accountants | Zoho Books
Count Magic software: An initiative of the Committee for Members in Practice (CMP)
Online Accounting Software are cloud-based software handling lawful accounting and traceable accounting processes like invoicing, billing, estimating, expense and time tracking, projecting etc. on the internet.
This software does not take up valuable space on your hard drives as it runs on the cloud and work on the web browser
Link: GST Software for Free Billing & Filing – Best GST Software in India (countmagic.com)
Access to NeSL IU for Audit: An initiative of the Committee for Members in Practice (CMP)
Free Access to NeSL IU for Audit
Link: NeSL IU for Audit – CMP Benefits
Access to Probe42 platform: An initiative of the Committee for Members in Practice (CMP)
Valuation Report
Faster and Better Valuations reports with Financial Data on Peers for unlisted companies.
ROC Search Report
Reduce cost and time required to do a Search Report
Transfer Pricing
Instant access to financials of any unlisted company from 400+ Industry/Segments
Debt Syndication / IBBI
Reduce the time taken to prepare report on a company from days to few hours
Link: Access to Probe42 platform – CMP Benefits (icai.org)
Arrangement GST Software for Members in Practice from Microvista Technologies
(Free 3 Years Subscription for Single User with 30 GSTIN, 70% discount for Gold & Platinum Version Of Power GST for three years)
• Tally Integrated Secure Desktop GST Software
• Preparation Of Monthly. Quarterly & Annual Returns
• Single click download facility for GSTR 2A/2B, GSTR 1, GSTR 3B. Ledgers & Other reports
• Advanced Reconciliation between GSTR 2B/2A vs Books, e-invoice vs GSTR 1, Books vs GSTR I
0 Automatic email reconciliation reports to clients
o Supplier Wise & Invoice Wise Reconciliation
• Comparison Report of GSTR 3B vs 1, GSTR 3B vs 2A/2B
• GSTR 1, GSTR 2A/2B Rate Wise, Customer wise report
• Suppliers return filing Status Report
• Single Click download e-invoice & e-waybill Report
• ICE Gate Report & Many other reports useful for GST Auditors
Link: GST Software from Microvista Technologies – CMP Benefits (icai.org)
Arrangement for XBRL Software for Members in Practice from Microvista Technologies
(Free 2 Years Subscription for Single User with 10 Company Filings & 50% discount for Multi-user Unlimited Filings for two years)
Cloud Based Solution – Anytime – Anywhere Access
Preparation of XBRL Returns for Ind AS and (Schedule VI) Taxonomy
Import Data from Previously Generated XML/XBRL File
Excel Tagging C In-Built Validations to Prevent Errors
Easy Drag and Drop & Copy Paste Facility
Excel Import & Export Facility
Highlights Mandatory Fields
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