Automate GST Reconciliation- Using Power Query

Name: Automate GST Reconciliation- Using Power Query
Rating: 4.5 (13 reviews)

Automate GST Reconciliation Between GSTR 2B and Purchase Register

Created byMahesh Jhawar

Last updated 8/2024

English

English [Auto],

What you'll learn

Understand the Concepts of GST Reconciliation
Automate GST Reconciliation Between GSTR 2B and Purchase Register
Customize Final Reports as per Business Needs
Blend Pro- Quality Business Intelligence Solutions to Blend and Analyze data from multiple sources.

Course content

8 sections • 12 lectures • 2h 2m total length

Introduction34:49
Learn the basics of GST reconciliation and ITC availment, including the interplay of GSTR 3B and GSTR 2B, and automate the process with Power Query using the purchase register.

Converting Data in a Table Format.3:05
Convert GST data or a purchase register into a table format to enable automated reconciliations, using Ctrl+T and selecting 'my table has headers' to create and verify the table.
Introduction to Power Query1:15
Explore how to access Power Query in Excel via the data tab, using Queries and Connections to get and transform data, and convert data into the table format.

Extraction / Importing of Data and Loading of Data10:20
Convert data to table format, then extract, import, and load data with Power Query, rename Gstr to be and purchase register, get data from table or range to create connections.
Overview of General Approaches Followed For GST Reconciliation7:54
Automate GST reconciliation with Power Query to automatically match purchase register and GSR data, reducing manual lookups, vlookups, and pivots through one-time configuration and easy refresh.
Overview of Power Query Editor Interface3:58
Navigate the power query editor within excel from the data tab, exploring the queries and connections pane, preview pane, and applied steps that enable automated GST reconciliation.

GST Reconciliation of GSTR 2B and Purchase Register and First Level Output.27:47
Reconcile GSTR 2b with the purchase register using power query by merging queries with a full outer join to reveal missing transactions and generate a detailed recon with remarks.
Demonstration of GST Reconciliation3:27
Demonstrates how automating GST reconciliation with Power Query handles invoice number mismatches between purchase register and GSTR-2B, using refresh all to surface mismatches.

Requirements

Basic Background understanding of GST.
Microsoft Excel Installed in your desktop ( Recommended License Version)

Description

Unlock the full potential of your business's financial data with our comprehensive course on Automating GST Reconciliation; designed for professionals seeking to enhance their GST compliance and data analysis skills. This course will guide you through reconciling GSTR 2B with your Purchase Register.

Our course begins with a deep dive into the principles and concepts behind GST reconciliation. You'll gain a thorough understanding of how to compare GSTR 2B with your Purchase Register, identifying discrepancies and ensuring accurate compliance. We emphasize the importance of accuracy and efficiency in GST processes, teaching you the latest automation techniques to reduce manual errors and save valuable time.

Learn to automate reconciliation processes, customize final reports to meet specific business needs, and integrate data from multiple sources using advanced Business Intelligence solutions.

Gain a deep understanding of GST reconciliation concepts, followed by hands-on projects that simulate real-world scenarios. Our expert instructors will provide step-by-step tutorials and interactive sessions, ensuring you grasp the intricacies of automation techniques and customized reporting. Access downloadable templates and tools tailored to your requirements, making GST reconciliation seamless and efficient.

Ideal for CFO's, Chartered Accountants, Cost Management Accountants, Financial professionals, business owners, accountants and data analysts, this course emphasizes practical applications and real-world scenarios. With flexible learning options and lifetime access to materials, you can study at your own pace. Enhance your data management practices, automate processes, and create impactful reports with our expert-led course. Enroll today and transform your approach to GST reconciliation, driving better business decisions with comprehensive data insights.

Who this course is for:

GST Consultants
Accounts Executives
Finance Managers
CFO
GST Practioner
Accountants
Chartered Accountants
Cost Management Accountants

Automate GST Reconciliation- Using Power Query

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 35min

Converting Data in a Table format and Introduction to Power Query2 lectures • 4min

Extracting / Importing of Data and Loading of Data3 lectures • 22min

GST Reconciliation of GSTR 2B and Purchase Register2 lectures • 31min

Summary of GST Reconciliation Report and Writing Remarks1 lecture • 7min

Creation of Annexures for GST Reconciliation Report1 lecture • 13min

Summary of GST Reconciliation1 lecture • 5min

Conlusion1 lecture • 5min

Requirements

Description

Who this course is for: