ERPNext3 min read
ERPNext for India: GST, E-Invoicing, E-Way Bills and Payroll
How ERPNext handles Indian compliance with the India Compliance app: GST setup, HSN codes, e-invoicing, e-way bills, GSTR reports, TDS, and Indian payroll in Frappe HR.
ERP platform · ERPNext
ERPNext accounting your finance team can rely on
ERPNext includes full double-entry accounting with no separate licence: a configurable chart of accounts, cost centres and accounting dimensions, receivables and payables, payment terms, bank reconciliation, budgets, multi-company and multi-currency, and period closing.
Overview
The short version
Because selling, buying and stock post to the ledger automatically, the quality of the accounting setup decides whether those postings are useful. We configure it with your finance team so management accounts come out of the system rather than out of a spreadsheet.
ERP Builders is an independent ERPNext services company and is not affiliated with or endorsed by Frappe Technologies. “ERPNext” and “Frappe” are trademarks of Frappe Technologies Pvt. Ltd.
01
What we configure
These are the foundations of every financial report ERPNext produces.
Chart of accounts and dimensions
An account tree that matches how you report, with cost centres and custom accounting dimensions such as branch, project or product line.
Taxes
Sales and purchase tax templates, item tax templates and tax categories; in India, GST returns, e-invoicing and e-way bills through India Compliance.
Banking and payments
Bank accounts, statement import, the bank reconciliation tool, payment entries and payment requests with links on invoices.
Close and controls
Accounting periods, closing vouchers, role permissions on submit and cancel, and approval workflows on payments.
02
Multi-company and multi-currency
Several companies can share one ERPNext site, each with its own chart of accounts, while sharing customers, suppliers and items. Inter-company sales and purchases can be mirrored automatically when configured.
Transactions can be raised in any currency, with exchange rates fetched or entered and realised and unrealised gains and losses handled by the system. Consolidated reporting across companies uses the standard financial statements with the right account mapping.
Related
Related Odoo services and topics
Integrations
Insights
Related reading
ERPNext2 min read
ERPNext Upgrade Guide: Moving Between Major Versions Safely
How to upgrade ERPNext between major versions: inventory apps, handle features moved to separate apps, test on staging and run the production upgrade.
ERPNext3 min read
ERPNext Manufacturing Guide: BOMs, Work Orders, Job Cards and Planning
How ERPNext manufacturing works: BOMs, workstations, production plans, work orders, job cards, backflushing, subcontracting, quality and costing.
FAQ
Frequently asked questions
Can ERPNext replace Tally or QuickBooks?
For most SMBs, yes — and it adds integrated inventory, purchasing, manufacturing and payroll that Tally and QuickBooks do not. Finance teams need some retraining, mainly on how stock and sales transactions post automatically.
Is ERPNext GST compliant?
With the India Compliance app, ERPNext supports GST invoices, GSTR-1 and GSTR-3B reports, e-invoicing and e-way bills. We configure and test it against your GST registrations and transaction types.
Does ERPNext handle VAT outside India?
Yes, through tax templates and country chart-of-accounts templates. Statutory return formats vary by country, so we confirm reporting requirements with your accountant during design.
Comparisons
Weighing Odoo against alternatives?
Odoo vs SAPIntegrated, extensible suite for SMB and mid-market versus the deepest enterprise ERP ecosystem on the market.Odoo vs Dynamics 365An all-in-one suite versus Microsoft's ERP ecosystem with deep Office, Teams and Power Platform integration.Odoo vs NetSuiteFlexible, lower-cost suite versus a mature cloud-only ERP with strong financials and multi-entity support.
Next step
Moving your books into ERPNext?
We will design the accounting setup with your finance team and migrate cleanly at a period boundary.