My data › Help › Numbering and settings

Settings for every tool

Settings in My data are used by every Nivesh Sahayak tool in this browser when you start a new document or open a report.

What each setting does

1. General. Default business (a new document starts with it) and Remind me to save a backup (every 7, 15 or 30 days, or never). Language is changed from the language menu at the top.
2. Invoice (Billing). Numbering and New invoice defaults: type (tax invoice, bill of supply, invoice when not GST registered), GST rate and unit for a new line, round off, colour, notes and terms.
3. Safety. PIN lock: a PIN asked when the tools open on this device.
4. Godowns and branches, Salesmen, Custom fields on documents. Names used on bills under More details.
5. Stock valuation. Value closing stock by Weighted average cost or FIFO (first in, first out). Both are allowed (AS 2); use the same method every year.
6. Final accounts. T format (horizontal) or Schedule III (vertical), and Direct and indirect expenses: which expense heads go into the trading account.

Worked example

A dealer who sells mostly at 18% sets GST rate for a new line to 18% and unit Nos. Each new invoice line starts with 18% and Nos; only the odd 5% item needs changing.

Common mistakes and how to fix them

• Changing stock valuation after the year closed. It changes last year's figures too. Decide once with your accountant.

Related help

All help on My data · Help for the Nivesh Sahayak App