Double-entry records
Maintain financial transactions through the appropriate ledgers and vouchers.
FINANCE & COMPLIANCE SOLUTION
Accounts that reflect what the business actually did.
Manage financial entries alongside sales, purchasing, customer collections and supplier payments. XlinkONE supports double-entry accounting, GST-oriented transaction records and financial reporting for Indian businesses.
Accounting & GST
THE OPERATIONAL CHALLENGE
Sales figures and actual collections tell different stories.
Businesses often find the problem only when two departments compare their records. The underlying process deserves more attention.
CHALLENGE 01Customer receipts arrive against several different invoices.
CHALLENGE 02Supplier advances and against-bill payments require different treatment.
CHALLENGE 03Tax settings need to be applied consistently across transactions.
CHALLENGE 04Month-end reports are delayed by missing or incorrectly posted entries.
THE XLINKONE APPROACH
Use the transaction as the starting point for the accounts.
XlinkONE provides ledgers, payment vouchers, receipt vouchers, journals, contra entries and credit or debit notes. These records support the accounting treatment of normal commercial activity.
Financial teams can review customer outstanding, supplier balances, trial balance, trading and profit-and-loss information. GST and TDS/TCS functions support configured tax workflows, with appropriate review before statutory use.
Understand the XlinkONE platformBUSINESS WORKFLOW
One system for the related activities.
01
Double-entry records
Maintain financial transactions through the appropriate ledgers and vouchers.
02
Receivables and payables
Follow customer and supplier balances with supported bill-linked settlements.
03
Indian tax workflows
Use configured GST classes and applicable TDS/TCS handling in supported transactions.
04
Period-based reporting
Review day book, trial balance, financial statements and available outstanding reports.
CONNECTED CAPABILITIES
The parts of the process that matter most.
These capabilities work together around a particular operating requirement.
Receivables and payables
Follow customer and supplier balances with supported bill-linked settlements.
Indian tax workflows
Use configured GST classes and applicable TDS/TCS handling in supported transactions.
Period-based reporting
Review day book, trial balance, financial statements and available outstanding reports.
FROM START TO FINISH
An accounting process with proper context
The objective is to make it easier to trace how a balance was created and settled.
STEP 01
Record the transaction
Enter the relevant invoice, receipt, payment or financial adjustment.
STEP 02
Apply the correct treatment
Use appropriate ledgers, taxes, party allocation and approval rules.
STEP 03
Review the balances
Check outstanding documents and financial reports for the relevant period.
A PRACTICAL BUSINESS EXAMPLE
A customer settles three invoices in one receipt
A wholesaler receives a single bank payment against three earlier sales invoices. Instead of relying on a handwritten note, the accounting team can use the supported receipt and bill-allocation workflow to identify the invoices being settled.
All tax and financial reports require review of source data and applicable accounting rules.COMMON QUESTIONS
What should you know about this solution?
These answers describe how XlinkONE is intended to support the workflow. Actual availability depends on the installed release and subscription.
Can XlinkONE handle receipts against multiple bills?
Receipt voucher workflows include supported against-bill allocation and other settlement arrangements, subject to configuration.
Does XlinkONE automatically guarantee GST compliance?
No. GST-related functionality supports transaction recording and reporting. Correct classification, reconciliation, filing and statutory decisions remain the responsibility of the business.
Are trial balance and profit-and-loss reports available?
The accounting suite includes trial balance and supported financial statement reporting. Accuracy depends on correct posting and ledger configuration.
RELATED SOLUTIONS
WORK WITH XLINKONE
Create Your Workspace Bring accounting & gst into your business workflow.
Start with the operating requirements that matter to your team and explore the relevant ERP modules.