Security and access control are critical aspects of financial management, and BWays ensures that only authorized personnel can view, edit, or approve financial data. By assigning user roles and permissions, businesses can prevent fraud and data leaks, strengthening internal controls. ### Conclusion: BWays = Finance Made Smart for SMEs Unlike generic ERPs, BWays is tailored for Indian SMEs, offering deep integration with local statutory requirements and industry workflows. It provides a solid foundation for financial control, audit readiness, and strategic decision-making. Whether you’re a manufacturer, job worker, or trader, BWays ERP empowers you to manage your finances with clarity, precision, and confidence.
In today's fast-moving business world, maintaining financial discipline, accuracy, and insight is critical. While many small and medium businesses rely on spreadsheets or disjointed software, a comprehensive ERP like BWays brings everything under one umbrella—offering real-time visibility, control, and compliance.
BWays ERP helps businesses achieve strong financial management and control in multiple ways. It integrates financial accounting with other departments such as Sales, Purchase, Inventory, and Production, ensuring every transaction is reflected in real-time. Business owners and finance managers can access live financial dashboards that display cash on hand, income versus expenses, and outstanding dues, enabling better financial decision-making.
To streamline operations, BWays automates transaction postings, ensuring that purchase invoices, material issues, and sales dispatches are instantly recorded in the accounting system. It also manages complex Indian taxation requirements, including GST Input/Output, reverse charges, TDS deductions, and TCS applicability, providing accurate reports for easy tax filing. Additionally, the ERP supports budgeting and cost center management, allowing businesses to create department-wise or project-based budgets and track actual expenditures against planned allocations. Alerts and approvals help prevent overspending and maintain financial discipline.
The built-in bank reconciliation module simplifies financial management by ensuring that ledger and bank balances match. Users can upload statements and reconcile transactions effortlessly. Multi-level approval workflows add another layer of security by enforcing internal controls, restricting unauthorized transactions, and setting up hierarchies for voucher, payment, and journal entry approvals.
BWays ERP provides a structured ledger system with sub-ledgers for parties, materials, and taxes, making financial reports more organized and insightful. It also includes asset management and depreciation tracking features, automatically calculating depreciation as per the Companies Act or Income Tax rules and generating schedules for audits. Alerts for overdue payments, credit limit breaches, and bounced cheques ensure that businesses stay in control of their collections and cash flow.
Inventory valuation is directly linked to financials, with options to calculate stock values using FIFO, LIFO, or Weighted Average methods. These values flow directly into the Profit & Loss account, ensuring accurate financial statements. Speaking of financial statements, BWays generates comprehensive reports such as Trial Balance, Balance Sheet, Profit & Loss Account, and Cash Flow Statements instantly, making audits easier and more transparent.
The ERP also enhances documentation and audit trails by allowing users to attach scanned bills, vouchers, and other supporting documents to transactions. Every action is logged with time, date, and user identity for better accountability. For businesses operating in multiple branches or godowns, BWays enables inter-branch transaction management and consolidated or location-wise reporting. It also facilitates GST Input Tax Credit (ITC) matching with the GSTN portal, automating data segregation for accurate reconciliation.
