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Finance and governanceBooks (accounting)

Double-entry accounting with sales, purchases, banking, tax, inventory, assets and group consolidation.

Books is accounting for growing companies: a chart of accounts with immutable posted journals, invoices and bills, bank reconciliation, tax returns, fixed assets, financial statements and group consolidation. 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 accountants get their own client console.

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

  • Immutable ledger with an edit log
  • Invoices, bills and three-way match
  • Bank import, rules and reconciliation
  • GST and TDS return preparation
  • Multi-currency with exchange differences
  • Group consolidation with eliminations

Dashboard and client console

A finance home with cash, dues and tax at a glance, and a console for accountants who keep several companies’ books.

  • Cash position, receivables and payables due, and revenue and expense trends
  • Tax payable this month and returns due
  • Client console listing every company an external accountant looks after
  • Return status, unreconciled bank lines and review notes per client
  • One-click switch between client companies

Ledger and controls

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

  • Editable chart of accounts with sub-accounts, preloaded in Schedule III grouping
  • Tally-style voucher types with keyboard entry, drafts and approval above thresholds
  • Recurring and auto-reversing journals
  • Branches, cost centre trees, projects, classes and custom fields
  • Period locks with an override log, opening balances and year-end close
  • Multi-currency with realised and unrealised exchange differences
  • Revenue recognition schedules

Sales and receivables

From estimate to receipt, with tax computed per line and approvals where the company wants them.

  • Estimates, sales orders, delivery challans and invoices
  • Credit and debit notes, recurring invoices and customer advances
  • Receipts by bank, cash, cheque or UPI, with partial payments and write-offs
  • Price lists with quantity slabs, credit limits and credit hold
  • Reminder templates, 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 tracked line by line.

  • Vendors with tax IDs, bank details and default withholding sections
  • Purchase orders, goods receipts and bills with three-way match
  • Bill inbox with OCR for scanned bills and photos
  • Recurring bills, direct expenses and petty cash
  • Single and batch vendor payments with bank bulk-payment files
  • Payables ageing and approvals for bills, payments and purchase orders

Inventory

Stock for trading businesses, valued and posted to cost of goods sold.

  • Goods and services items with units and conversions
  • Weighted average or FIFO valuation across warehouses
  • Batches, expiry, serial numbers and reorder levels
  • Transfers, adjustments and opening stock
  • Landed cost spread across received items
  • Stock valuation and movement reports

Banking and cash

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

  • Bank, cash, credit card and wallet accounts
  • Statement import from CSV, Excel and PDF, and live bank feeds
  • Bank rules, auto-categorisation and match suggestions
  • Cheque register, post-dated cheques and cheque printing layouts
  • Fund transfers and a 13-week cash-flow forecast

Fixed assets

An asset register with depreciation, disposal and custody linked to employees.

  • Asset register with categories, locations and custodians
  • Straight-line and written-down-value depreciation
  • Disposal and sale with gain or loss, and transfers between branches
  • Impairment and revaluation
  • Asset tags with QR codes

Tax

Indirect tax and withholding prepared from posted documents, per registration.

  • Output and input tax by registration, with an input credit ledger
  • Return preparation with portal-ready JSON export
  • Purchase-side reconciliation against supplier filings
  • Withholding by section with thresholds, challans and certificates
  • HSN summary and tax registers

Reports

Statements, registers and a report builder that limited users see filtered to their scope.

  • Profit and loss, balance sheet, cash flow, trial balance, general ledger and day book
  • Sales and purchase registers, ageing and collection reports
  • Budgets by account, cost centre, branch and project, with budget against actual
  • Report builder with saved views, Excel and PDF exports and scheduled emails
  • Management report packs

Group and consolidation

A group of companies with inter-company transactions mirrored and consolidated statements.

  • Group of companies with entities, ownership and functional currencies
  • Inter-company invoices, bills, payments, loans and capital mirrored into the other company
  • Inter-company reconciliation
  • Consolidated trial balance, profit and loss and balance sheet with eliminations
  • Non-controlling interests, goodwill and translation reserve
  • Saved consolidation runs and exports

Collaboration and migration

Work with an outside accountant and move in from other software.

  • Invite an external accountant with review notes on transactions
  • Tally XML import and export of masters and vouchers
  • Excel and CSV import for customers, vendors, items and opening balances
  • Approvals through the shared inbox on web and mobile
Screens

Books in the product

India

Indian rules, built in

GST and TDS are prepared in Books for Indian companies, and filed through the government portals or a GST Suvidha Provider.

How Thoshika handles Indian compliance

  • Multiple GSTINs per company with separate invoice series
  • GSTR-1 and GSTR-3B preparation with JSON export, GSTR-2B reconciliation and the GSTR-9 annual return
  • Direct filing through a GST Suvidha Provider
  • E-invoice and e-way bill JSON, 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
  • Companies Act and Income-tax Act depreciation, MSME 45-day tracking and interest
  • Live bank feeds through Account Aggregator
Mobile

Books on Android and iOS

Finance roles get Books in the Thoshika app, next to the other apps in the app switcher.

About the mobile apps

On the phone

  • Dashboard with cash, receivables, payables and tax payable
  • Create invoices and look up customers, vendors and documents
  • Capture a bill with the camera into the bill inbox
  • Bank accounts with lines to reconcile and auto-match
  • Approve bills, payments and journals
  • Reports, tax summary and group consolidation figures
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 registrations or branches.

External accountant

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

Viewer

Reads reports and documents without changing them.

See Books with your own processes

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