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Finance and governanceBooks (accounting)

Double-entry accounting for Indian businesses, with GST, TDS, banking, inventory and payroll posting.

Books is accounting for small and growing Indian companies: a Schedule III chart of accounts, GST invoices and bills, bank reconciliation, GST and TDS return preparation, fixed assets and financial statements. It runs on the same platform as People, so payroll and expense claims post to the ledger without re-keying. Accountants can work from the keyboard with Tally-style vouchers, and external CAs get their own console.

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Books dashboard: cash and bank, receivables, payables, GST payable, income and expenses for the financial year, and bank balances.Books dashboard: cash and bank, receivables, payables, GST payable, income and expenses for the financial year, and bank balances.

Key capabilities

  • Schedule III chart of accounts and edit log
  • GST invoices across multiple GSTINs
  • GSTR-1, GSTR-3B and 2B reconciliation
  • TDS, TCS, 26Q and 27Q files
  • Bank import, rules and reconciliation
  • Payroll and expenses posted from People
What it does

Books in detail

Ledger and controls

Posted journals are never edited; corrections are reversals. Every change is recorded in an edit log that cannot be switched off.

  • Schedule III chart of accounts, editable, with sub-accounts
  • April to March years, period locks and year-end close
  • Tally-style voucher types with keyboard entry
  • Recurring and auto-reversing journals, with approval above thresholds
  • Branches, cost centres, projects, classes and custom fields
  • Multi-currency with realised and unrealised exchange differences

Sales and receivables

From estimate to receipt, with GST computed by place of supply.

  • Estimates, sales orders, delivery challans and tax invoices
  • Credit and debit notes, recurring invoices and advances with GST
  • Price lists with quantity slabs, credit limits and credit hold
  • Payment reminders, interest on overdue accounts and customer statements
  • Customer portal with invoices, statement and UPI QR
  • Receivables ageing and invoice approvals

Purchases and payables

Orders, receipts and bills matched, with input tax credit tracked line by line.

  • Purchase orders, goods receipts and bills with three-way match
  • ITC eligibility, blocked credits and reverse charge
  • Bill inbox with OCR for scanned bills
  • Recurring bills and landed cost
  • Batch vendor payments and bank bulk-payment files
  • MSME payment tracking with interest reports

Banking

Import statements, let rules do the routine matching and reconcile the rest.

  • Statement import from CSV, Excel and PDF
  • Bank rules, auto-categorisation and match suggestions
  • Cheque register, post-dated cheques and cheque printing layouts
  • Fund transfers, petty cash and a cash-flow forecast

Inventory and fixed assets

Stock for trading businesses and an asset register with both depreciation methods.

  • Items, warehouses, batches, serial numbers and reorder levels
  • Stock valuation and movement reports with COGS posting
  • Asset register with Companies Act and Income-tax Act depreciation
  • Disposal, impairment and revaluation

Reports and group accounts

Statements, a report builder and consolidation for groups of companies.

  • Profit and loss, balance sheet, cash flow, trial balance and day book
  • Report builder with saved views, exports and scheduled emails
  • Budgets by account, cost centre, branch and project
  • Inter-company transactions mirrored into the other company
  • Consolidated statements with eliminations and minority interest
  • Tally XML import and export, and a console for external CAs
Built for India

Indian rules, built in

GST and TDS are prepared in Books and exported for the government portals; filing itself happens on those portals.

How Thoshika handles Indian compliance

  • Multiple GSTINs per company with separate invoice series
  • GSTR-1 and GSTR-3B preparation with JSON export, and GSTR-2B reconciliation
  • E-invoice and e-way bill JSON export, with the IRN, QR and e-way bill number imported back onto the invoice
  • TDS by section with thresholds, 26Q and 27Q files for the FVU utility, and Form 16A statements
  • TCS, refund vouchers for advances and the Companies (Accounts) Rules edit log
  • MSME 45-day tracking and interest on late payments
Who uses it

Roles in Books

Every person signs in once. Roles decide what they see, and can be limited to a location, branch or other scope where the app supports it.

Finance admin

Owns settings, approvals, period locks and the full set of books.

Accountant

Posts vouchers, invoices and bills, reconciles banks and prepares returns.

Bookkeeper

Enters day-to-day transactions, optionally limited to some GSTINs or branches.

External CA

Reviews the books, leaves review notes and works across client companies.

Viewer

Reads reports and documents without changing them.

Works with

Connected to the rest of Thoshika

Apps share one directory, one sign-in and the same records, so nothing is keyed in twice.

People (HR and payroll)

Payroll runs, statutory deposits, expense claims and settlements post journals automatically.

CRM

CRM accounts share Books customers, and accepted quotes become sales orders or invoices.

Projects

Project invoices post with the project dimension, so project profitability matches.

Procurement

Procurement purchase orders, goods receipts and bills are Books documents.

Company Compliance

Financial statements, MSME dues and borrowings feed MCA filings.

On the roadmap

Planned work, not available today. Timing is not committed.

  • Revenue recognition schedules
  • Management report packs
  • GSTR-9 annual return form
  • Direct filing through a GST Suvidha Provider
  • Live bank feeds through Account Aggregator

See Books with your own processes

Books is available on its own or as part of Thoshika One, with every app for every employee.

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