Businesses these days follow a common practice of sharing a Proforma Invoice before issuing the sales invoice. A proforma invoice allows the buyer to take a look at the deal and understand the terms.

Generally, a proforma invoice includes all the details related to the transaction such as---item description, quantity, rate, payment terms and mode of payment, date of delivery, and so on. Based on this invoice, the buyer can easily make the decision of going forward with the said sale, making any changes to the proposed invoice, or cancelling the deal. This will also allow the seller to take internal decisions accordingly.

GSTR-2A is a statement of inward supplies for the taxpayer. It contains information that is supplied when the suppliers upload the following statements; GSTR-1 (filed by a regular registered seller), GSTR-6 (filed by an input service distributor), GSTR-7 (filed by a person liable to deduct TDS), and GSTR-8 (filed by an e-commerce operator). GSTR-2A is a real-time statement as it reflects the changes that take place when documents are uploaded.

GSTR-2B is also an auto-populated ITC statement, similar to GSTR 2A. The only change is GSTR 2B is a static statement generated on 14th for the previous month. GSTR-2B is generated once a month and it does not change until the next month.

Migrating your data from one software to the other is a daunting task - especially when it comes to shifting accounting data. With QuickBooks shutting its operation in India, it is crucial for businesses to move their data to accounting software that is reliable, trustworthy, and robust. 

Ensuring business operations continuity is essential for any business, and Tally can help you navigate through the change. Although this might seem to be cumbersome at the moment, we can do it for you in a few clicks so that your business continues to operate as it is and you are able to focus purely on the company's growth. TallyPrime not only makes this transition smoothly but also offers you a seamless accounting experience.