By module
Finance and accounting
The books of the business: chart of accounts, journal, customer invoices, vendor bills, payments, bank, and the profit and loss and balance sheet.
Who uses it: Every business. Owners and accountants use it daily; auditors and banks read what it produces.
What the company gains
- Books up to date every day, no year-end rush.
- Who owes you and whom you owe, by age.
- Cash position you can trust before a big payment.
- Clean statements for loans, audits and investors.
Numbers to watch
- Days sales outstanding
- Cash in bank against payables due this month
- Gross margin by product
- Overdue receivables over 90 days
Government rules to follow
- Double entry, accrual
- Companies Act s.128: books on the accrual basis and the double-entry system.
- Audit trail
- Companies (Accounts) Rules, Rule 3(1): the accounting software records every change and the log cannot be switched off.
- Daily backup in India
- Rule 3(5): a backup of the books every day, on servers physically in India.
- Books in India
- Income-tax Rules 2026, r.46(8): every business keeping books electronically keeps them accessible in India, with a daily backup on servers in India.
- How long to keep
- Companies: 8 years. Income-tax: 7 tax years. GST: 72 months from the due date of the annual return.
In ARUKZ ERP today
Try it free- Chart of accounts ready at sign-up
- Customer invoices and vendor bills
- Credit notes and refunds
- Payment terms
- Profit and loss, balance sheet, trial balance
- General and partner ledgers
- Aged receivables and payables
- Amounts in lakhs and crores
Rules checked on 7 November 2026. Laws and limits change; confirm with your CA before you act on them.