Implementing ERPNext Accounting with GST Compliance

A reference ERPNext accounting solution designed to automate financial operations, ensure GST compliance, and deliver audit-ready records-built for Indian SMEs seeking accuracy, control, and real-time financial visibility.

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  • Manufacturing

  • ERP Next

  • Cloud Services, Digital Transformation

  • Completed

The Challenge

Business Challenges Addressed

Businesses managing accounting and GST through fragmented systems commonly face these compliance and control issues.

calculate
Manual GST Calculations

High dependency on manual tax calculation in sales & purchases.

error_outline
Compliance Risk

Increased chances of GST errors, penalties, and audit observations.

layers_clear
Accounting Gap

Transactions not synchronized with accounting entries.

receipt_long
Invoice Reconciliation

Difficulty matching invoices, tax ledgers, and statutory reports.

visibility_off
Limited Financial Visibility

No real-time access to profit, tax liability, or outstanding balances.

lock_open
Weak Audit Controls

Lack of access restrictions and audit-ready transaction tracking.

The Solution

Solution Architecture Overview

WRP Solution implemented a GST-compliant ERPNext accounting framework with these guiding principles.

gavel
Statutory Compliance First
GST configuration aligned with Indian regulatory requirements.
sync
Automated Accounting Entries
Sales and purchase transactions auto-post to correct ledgers.
verified_user
Audit-Ready Controls
Voucher traceability, period locking, and approval workflows.
assessment
Real-Time Financial Insights
Instant visibility into profitability, tax liability, and cash flow.

Implementation

Modules Implemented

Deployment of ERPNext accounting and taxation modules tailored for Indian GST compliance and financial governance.

Accounting Setup

account_balance Chart of Accounts Configuration

date_range Fiscal Year & Opening Balances

center_focus_strong Cost Center & Profit Center Setup

lock Period Closing & Ledger Controls

assignment_turned_in Journal Entry Governance

GST Configuration

policy GST Registration & Company Setup

receipt CGST, SGST & IGST Tax Templates

qr_code HSN / SAC Code Mapping

percent Item-Level GST Application

check_circle Input & Output Tax Accounting

Transaction Accounting

request_quote Sales Invoice Accounting

inventory Purchase Invoice & ITC Capture

compare_arrows Receivable & Payable Automation

assignment Ledger Posting Validation

history Transaction Audit Trail

Results

Key Benefits Delivered

  • Accurate GST calculation and posting
  • Automated accounting for all transactions
  • Improved ITC tracking and reconciliation
  • Audit-ready financial records
  • Faster month-end closing
  • Reduced compliance risk
  • Centralized financial control
  • Improved management confidence

70%

Reduction in manual GST calculation

100%

GST-compliant transaction posting

Real-time

Financial visibility across ledgers

Audit-Ready

Traceable accounting records

Visibility

Reports & Business Intelligence

Real-time statutory and management reports providing full visibility into financial health, taxation, and compliance.

summarize

Trial Balance

account_balance_wallet

Profit & Loss Statement

balance

Balance Sheet

receipt_long

GST Sales & Purchase Reports

analytics

Tax Liability & ITC Summary

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