Trading and Manufacturing Excise for ERP (Sage Accpac ERP)

Sage is a leading supplier of business management software and services to 6.1 million customers worldwide. From small start-ups to larger organizations we make it easier for companies to manage their business process. Whether your growth plans include buying and selling in the global marketplace, adding more talent to your team, or expanding your services, Sage Accpac ERP, part of the Sage Accpac Integrated Suite, have the tools and the flexibility to successfully accelerate your business expansion. Supporting different languages and multicurrency transactions, our network of partners in more than 150 countries allows you to confidently conduct business with suppliers and customers anywhere in the world.

Greytrix is an internationally renowned partner of Sage Software with more than 500+ clients worldwide. Greytrix specializes in providing business solutions to SME organizations implementing Sage Accpac ERP and Sage CRM software. Greytrix is an organization recognized globally and well known for its development capabilities in the form of customization and modification abilities, providing data migration and integration solutions as well as other extended solution offered for the ERP/CRM system. With a strong development background Greytrix has developed the Excise module for Sage Accpac ERP, a flagship product of Sage Software. Understanding the complexities of the Indian Taxation system and the need of capturing those essentially into Sage Accpac ERP, Greytrix stepped in with its 100 man years of experience on Sage Products to develop an excise module tackling both manufacturing as well as trading excise transactions.

Out of the unlimited taxes levied upon various industries, Excise duty is one more tax applicable on all the goods produced or manufactured here in India. Hence we have Excise duty applicable for traders as well as manufacturers. Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws. No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorized agent.

Every assessee has to submit to the superintendent of Central Excise a monthly return in the specified form. For specified situations such as manufacture of goods exempt under a notification, a prescribed declaration and/ or a financial statement needs to be filed. Credit of service tax paid on input services, by a manufacturer of goods, is now available, in addition to the credit that was available in respect of inputs/ capital goods.

In India, the revenue from the Excise Tax is the biggest single financial source. The main objective of the central Government is to achieve different socio-economic policies by making suitable adjustments regarding the scope, nature, and quantum of levy of the Central Excise Tax. Such schemes of the Excise Tax taken by the central government modifies and serves various purposes of price control, adequate supply of essential commodities, promotion of small scale industries and industrial growth.

There are three different types of Central Excise Tax applicable mainly the Basic Excise Duty, Additional Duty of Excise and Special Excise Duty which fall under various Sections of the law. Various trade commodities are issued it these taxes depending on the predetermined government format. Also we have an excise tax that is levied on the service industry. Formerly called the Central Excise Duty, this tax is now known as the Central Value Added Tax (CENVAT). Manufacturers may offset duty paid on materials used in the manufacturing process by using that duty as a credit against excise tax through a process known as Central Value Added Tax Credit (CENVAT Credit). The offsetting process was formerly known as Modified Value Added Tax (MODVAT).

Greytrix Manufacturing Excise Module and Greytrix Trading Excise module for Sage Accpac ERP available for versions 5.4 and 5.5 incorporates these complex tax structures in synch with your finance, inventory and sales distribution.
Greytrix Statutory & Excise module for Trading and Manufacturing offers maintenance of
· Standard registration and statutory information like PAN, ECC, CE, Reg No., VAT, Central Sales Tax No., RG32 Numbering methods
· Excisable and Non Excisable Locations/Warehouses
· 20+ Excise specific Customer
· Information like CE Commiserate, CE Registration Number, ECC,PAN
· 30+ Vendor Information like CE details, Division Details, PAN details, Range Details
· 20+ Item Details for Excisable Items like Tariff Class, Price, Item Type

Along with government aspired reports like Excise Purchase Bill Register, Excise form 2 Part 1 & 2, Excise Stock Register, RG 23 A & C Part 1 & 2, Stock List, Stock Registers and many more. Read more about the features of Trading Excise Module.

Excise Taxes reporting in a trading organization is one of the most crucial and time consuming tasks and a nightmare for the accountants and management. Small and Medium businesses spend days and months in manual data management and collection for reporting to Excise Tax authority and still end up having problems and issues at the final reconciliation.

Statutory and Excise Module for Sage Accpac ERP provides small and medium trading enterprises a seamless way to input information, furnish returns and maintain mandatory registers as required by Indian Tax authorities while making sure that the workflow, inventory valuation, financial reporting and operational modules data integrity is maintained in Sage Accpac ERP provided by Greytrix.

Manufacturing made easy with Autosimply.

One of the major area where every manufacturing concern focus is on production optimization because almost 70 to 80% of cost in COGS is incurred during production. Industry is working on this subject since few decades, as a result we could see many theories and principles being evolved and practiced. But still there is a something missing, every time you achieve a targeted perfection we can gage a small percentage of error. Reason for such error may be external or internal factors, some are within our control and some are beyond our control.

Now let’s think of something which is within our control, internal operation. Planning, scheduling, executing and reviewing internal operation is very much necessary to narrow down the variances between standards and actual. Advance planning is the general trend in manufacturing. But today, manufacturers prefer demand based manufacturing to reduce business risk.

“Demand driven approach to production gives 92% perfect order against 81% of those who do not” - AMR Research

Demand based manufacturing is a complex process because while planning in such scenarios
management has to consider many factors other than Man, Material and Money. Such complexity can be handled by using a comprehensive solution like Sage Auto-Simply, which is
exclusively developed with an objective to handle complex calculations and probabilities while forecasting and planning. Greytrix, in its implementation practices had always leveraged the
power of simplicity in Auto Simply and over a period of time this had delivered tremendous result to their clients.

We could see that most of them had:
• Reduced their inventory by 15%.
• Improved their POP (Perfect Order Performance) by 17%.
• Reduced CtC (Cash to Cash) cycle by 35%.

This had helped them to reduce working capital, increase capital utilization, inventory
optimization and mainly maintained a flexibility to change over between SKUs as per trend. Auto-simply modules like Production Planning & Manufacturing Order can help you to get summarized Availability Report, Order Projection Report, Production Schedules, ability to check on implication of changing scenarios on profitability, CoP (Cost of Production) & COGS (Cost Of Goods Sold).

In long run a manufacturer can expect business benefits like, Increased Customer
Service with on time delivery, optimal Capacity Utilization, Reduced Wastage,
Reduced Transportation & Warehousing Cost if opts for automation of the end to end production process.

Inventory Optimization with Sage Accpac ERP.

Inventory contributes to be your biggest cost center and revenue centre, your business wouldn’t work without the right kind of Inventory be it Raw Material, Finished goods or WIP. Today efficient Supply Chain management contributes to a lot of cost saving and reducing the inventory cost of a company. The complexities in terms of SCM have increased considerably, the reasons of the increase in this complexity is the wide spread nature of business, the increase in competition which has lead to the import and export of raw material from various countries, lead time associated with this trade, the quality and the diminishing margin are some other reasons. The buyer today is informed and for companies to strive in this competitive market it is very essential for them to have the inventory maintained to the most optimal level. The companies today want to maintain Just In Time (JIT ) inventory so that they avoid the risks associated with stocking inventory. But sometimes some wrong calculations or oversight of information or missing information can cause the JIT to fail completely and thus result in the loss of a customer and thus valuable business.

It is very necessary for business owners to have the exact idea of their Inventory Pipeline and utilize this information to the best to achieve Inventory Optimization. This optimization will only be achieved if the Business owners have a 360 degree view of their business , they ought to know the current orders , the order pipeline, the lead time to delivery , the expected delays, the priorities of orders , sales vs purchases , and more vital information like this. This can only be achieved if the business owners are well informed and have the correct information , they are supplied with the right information on a daily basis.

How do you achieve this??

It is often said that most of the decisions in a business go wrong not because of a bad judgement but due to the information supplied to pass that judgement . Business owners with their level of experience do not take the wrong decisions, the decisions are wrong because the information which is supplied to them is sometimes wrong or not as per standards. In today’s competitive environment where the margins are diminishing and the costs are going up it has become all the more crucial to manage the business with an eagle’s eye.
Your business can be efficiently managed with a Business solution that will support and take care of all the activities carried out in your business. You need a solution that will give you the right information at the right time. Sage ACCAPC ERP coupled with BI Alchemex is the right solution for your business. The combo offers you a complete 360degree view of your business and helps you plan your inventory better.


The benefits are as below:
• History of Sales Orders-Customer wise / Item wise
• Purchase Analysis
• Sales Analysis
• Item Analysis
• Reports on Fast Moving Items, High Revenue items etc
• Location wise inventory reporting
• Purchase orders based on Purchase Requisitions/ Sales Orders / Reorder Level
• Setting up reorder level
• Set up Multiple Price lists (Customer wise/ Item wise)
• Reports as you desire.


Let us help you choose the right solution contact us at sales@greytrix.com or call us at 022-67687847.

Sage Accpac with a New Face- Sage Accpac ERP Version 5.6

The new financial year is here and so is the new and improved Sage Accpac ERP now in Version 5.6.

Sage software gives its flagship product, Sage Accpac ERP, an enhanced and optimized new visage based on the feedbacks and wish lists provided by the Sage clientele.
Sage ACCPAC ERP 5.6 V includes more efficient installation and activation processes and major enhancements throughout the entire suite of programs.

A dramatic change in the installation process of Accpac modules, one click and a single process carries out installation of all modules saving a lot of time. A fresh new license administration and registration activity which lets the user view and enter licensing info for the sage Accpac erp programs, including number of users authorized under each Lanpak license.

The Security Groups form in Administrative Services provides the following new security authorizations to support changes in Bank Services 5.6:
• Reverse Bank Entries
• Post Bank Entries
• Transaction History Inquiry
• Print Deposit Register
• Clear History
• Setup Maintenance

Sage Accpac 5.6 features a free embedded version of Sage Accpac Intelligence, which is a business intelligence (BI) solution for small and medium businesses. Sage Accpac Intelligence integrates seamlessly with Sage Accpac ERP right out of the box; most BI solutions require a lengthy set-up process that can cost thousands of dollars in service fees.

Thanks to Sage Accpac Intelligence, previously disconnected financial and operational information is now available in pre-formatted reports to help company management make informed decisions even faster. Sage Accpac Intelligence includes the following components:

• Report Viewer (provides basic editing functions that let you filter data, change parameters, and drill down from existing reports and templates).
• Report Manager (lets you use Sage Accpac data containers to create and edit reports, and set security and permissions for the reports).
• Connector (lets you connect to unlimited ODBC data sources, such as CRM or additional ERP companies).
• Analysis (lets you create OLAP cubes for rapid analysis of your Sage Accpac data in Microsoft Excel).

As a launch pack, Sage enables 30-day licenses for Sage Accpac Intelligence. One Report Manager License for one user is free with Sage Accpac ERP. However, you must have a permanent license to use the Analysis and Connector programs.

In version 5.6, Serialized Inventory and Lot Tracking modules are fully integrated in Sage Accpac programs. You no longer need to purchase and install Sage Accpac Serialized Inventory and Lot Tracking programs separately.

Choosing a business solution for any sme segment has always been a challenge. A SME industry should always mediate on before opting for any business solution, refer our blog posting, Have you considered the below points while selecting your Enterprise Solution??? Sage has revamped its robust financial suit keeping in mind the SME segment which requires intensive BI tools to examine the growth pattern and chalk out a road map ahead in terms of forcasting the production pipeline. In our previous blog posting, Does MIS reports Suffices for your Business? , we have discussed about how MIS tools or Business Intelligence tools are essential for the decision makers to have a planned and analytical regime in an organization’s profit charts.

All in all, giving you a globally acclaimed business solution in a comprehensive price range with advance systematization and stunning new looks.

To preview the Sage Accpac ERP 5.6, give us a call @ 67687808 or mail us at sales@greytrix.com.