How ICMS Integrates with Accounting Software for Seamless Operations
Businesses can simplify tax calculations, generate financial reports, and ensure compliance with tax regulations. The system can automatically track sales tax, VAT, or GST, reducing the risk of miscalculations and penalties.
5. Enhanced Invoice Valuation and Costing
Integration helps businesses track invoice records using various costing methods, such as FIFO, LIFO, or weighted average. This ensures accurate financial statements and better profitability analysis.