How Giddh Transforms Accounting and Bookkeeping for Small Businesses

Did you know that nearly 63% of small businesses in India still rely on outdated accounting systems, exposing them to risks such as compliance errors and inefficiencies? Source. It’s a staggering statistic, but it shows why many small businesses are moving toward more modern solutions, such as advanced accounting tools.

The accounting and bookkeeping software landscape is evolving, and solutions like Giddh are making it easier for business owners to manage finances efficiently and accurately. Are you still relying on manual spreadsheets for tracking your business's financial health? If so, it might be time to consider an upgrade.

In this blog, we’ll dive into how Giddh transforms accounting and bookkeeping for small businesses by leveraging cloud-based accounting features, automation, and advanced tools that are designed to simplify the accounting process, making it accessible for businesses of all sizes.

Why Small Businesses Need Better Accounting and Bookkeeping Tools

For small businesses, the road to financial clarity can often be clouded by inefficiencies. Many small businesses continue to use outdated methods such as spreadsheets, manual journal entries, and basic accounting software that don’t meet the needs of a growing business.

These traditional methods often come with:

• Manual errors in calculations and data entry.
• Time-consuming processes that take away valuable hours from running the business.
• Ineffective tracking of expenses, tax calculations, and inventory.

Unfortunately, such inefficiencies create more challenges than they solve. This is where accounting and bookkeeping software for small businesses like Giddh can make a real difference.

The Shift to Cloud-based Solutions.

Cloud-based accounting software on cloud has revolutionized how small businesses approach their finances. With cloud solutions, you gain:

• Access from anywhere, ensuring you’re never disconnected from your financial data
• Real-time updates so you can always work with the latest data
• Automatic backups that reduce the risk of losing important information

Cloud-based solutions also offer scalability, which means your accounting tool can grow as your business expands.

The Key Features That Make Giddh Stand Out

Giddh is not just another accounting software; it's a comprehensive solution designed to simplify accounting, bookkeeping, and inventory management for small businesses. Its advanced features, cloud-based structure, and intuitive design are tailored to streamline business operations and help you stay ahead of your financial needs.

Let’s take a closer look at the key features that make Giddh stand out from traditional accounting solutions.

Cloud-based and Secure

One of the biggest advantages of cloud-based accounting software like Giddh is the flexibility and accessibility it offers. Unlike traditional desktop-based accounting tools, Giddh operates in the cloud, meaning you can access your financial data from anywhere, at any time, with an internet connection. Whether you’re in the office, at home, or on the move, Giddh ensures that you have instant access to all your business data.

• Access Anywhere, Anytime: Access your business’s financial data from any computer or mobile device, no installation needed.

• Automatic Backups and Updates: Giddh ensures that your data is automatically backed up, with updates rolled out regularly to keep your system secure and up-to-date.

• Enhanced Security: Encrypted cloud storage and two-factor authentication to protect your financial data from unauthorized access.

• Real-time Updates: Receive live updates as data is entered, ensuring your records are always accurate and up-to-date.

Automated Features for Better Accuracy

One of the main pain points for small businesses is the manual work involved in accounting tasks. Giddh significantly reduces the time spent on repetitive tasks by automating key processes.

• Automated Invoicing: Create, send, and track invoices automatically. Once you’ve set up customer details, invoices are generated with a single click.

• Expense Tracking: Giddh automatically categorizes your expenses and records them accurately, saving you time and reducing errors.

• Automated Tax Calculations: Tax calculations such as GST, TDS, and other applicable taxes are calculated automatically, ensuring your business stays compliant with the latest regulations.

By automating these core functions, Giddh allows small business owners to focus on growing their business, rather than spending hours on tedious administrative tasks.

Integrated Inventory Management

Managing inventory alongside accounting is often a headache for small businesses. Giddh offers integrated inventory management that makes tracking stock and finances seamless.

• Best Software for Accounting and Inventory: Giddh allows you to manage your accounting and inventory data in one system, ensuring seamless synchronization between stock levels and financial reports.

• Automatic Stock Updates: As purchases or sales are made, Giddh automatically updates your inventory levels in real-time.

• Cost of Goods Sold (COGS) Calculation: Giddh automatically calculates COGS as products are sold, ensuring accurate financial reporting.

• Product Lifecycle Tracking: Track your products from procurement to sale, making it easier to manage stock levels and make informed decisions about reordering products.

By integrating accounting and inventory, Giddh simplifies management and helps reduce errors, improving operational efficiency.

Mobile Access with the Giddh Accounting App

Today’s business environment demands flexibility, and Giddh delivers that with its accounting software app available on both Android and iOS. The mobile app ensures that business owners and accountants can manage their finances on the go, without being tied to a desktop computer.

• Full Financial Control at Your Fingertips: Create invoices, approve expenses, track sales, and access financial reports from your mobile device, giving you full control over your finances from anywhere.

• Seamless Transition Between Desktop and Mobile: Data is automatically synced across all devices, allowing you to switch between desktop and mobile platforms without losing any information.

• On-the-Go Invoicing and Reporting: Create and send invoices and access detailed financial reports wherever you are, ensuring you’re always on top of your business’s financial status.

Whether you’re in the office, at a meeting, or traveling, Giddh ensures you stay connected to your business’s finances.

Giddh — one step ahead of Accounting and two steps ahead of bookkeeping

How it is one step ahead of Accounting?

When you hear the word ‘Accounting’, the first thought that crosses your mind is, ‘Complicated’. But when it comes to Giddh, complication is nowhere in the vicinity. It is one step ahead of accounting because it is not only exempted from complications, but it also gives you a whole fresh view to look at Accounting.

We handle the debits and credits of your life and business in a simple diary form, which gives you and your business an edge.

How it is two steps ahead of Bookkeeping?

When you hear the word ‘Bookkeeping’ Bookkeeping is seldom heard these days, because it is an extension of accounting that not only records all your financial transactions, but it also lets you record everything systematically in books of journal, ledger, subsidiary books, and balance sheet.

Giddh is two steps ahead of Bookkeeping because it not only performs the simple bookkeeping tasks, but it also assists in major accounting transactions.

Why Giddh is the Best Accounting Software for Small Businesses in India

Giddh is specifically designed for Indian businesses, offering seamless integration with GST invoicing, TDS calculations, and e-way bills. This ensures that you are always compliant with India’s tax regulations, reducing the risk of audits or penalties.

When people search for what are the best accounting software in India, they’re typically looking for software that can handle the complexities of Indian taxation. Giddh addresses this with built-in tools for:

• GST return filing
• Auto-generated e-invoices
• Real-time tax compliance

These region-specific features make Giddh the best accounting software for small businesses in India, especially for those dealing with local taxes and business regulations.

Affordable and Scalable for Growing Businesses

Giddh’s pricing model is flexible and designed to cater to the needs of startups, small businesses, and large enterprises. Whether you’re just starting or expanding, Giddh scales with your business:

• Add unlimited users.
• Expand your reports.
• Integrate with third-party tools as needed.

It’s an affordable solution that grows with you, ensuring you never outgrow the software as your business evolves.

Conclusion

Giddh’s accounting and bookkeeping software combines advanced accounting tools, cloud-based efficiency, and easy-to-use automation that empowers small businesses to manage their financials effortlessly. With features like automated invoicing, real-time inventory tracking, and mobile access, Giddh eliminates the complexity of traditional accounting systems.

If you’re ready to take your business’s finances to the next level, Giddh offers a free demo to help you explore how this advanced accounting tool can streamline your operations.

FAQ

What is Giddh used for?

Giddh is a cloud-based accounting and bookkeeping software designed for small businesses to handle invoicing, expense tracking, tax calculations, and inventory management.

How is Giddh different from traditional accounting software?

Unlike traditional accounting software, Giddh offers cloud-based accessibility, automated features, and integrated inventory management, allowing real-time updates and more efficient workflows.

Is Giddh the best accounting software for small businesses in India?

Yes, Giddh is tailored for Indian businesses, offering features like GST invoicing, TDS calculations, and e-way bills, making it one of the best solutions for small businesses in India.

Can I use Giddh for both accounting and inventory management?

Yes, Giddh seamlessly integrates accounting and inventory management, allowing you to track both in one platform.

Is Giddh’s mobile app available for both Android and iOS?

Yes, the Giddh accounting app is available for both Android and iOS, enabling business owners to manage their finances on the go.