Recurring Estimates
There should an option of generating Recurring Estimates. The reason being that if I create recurring invoices every month, my GST liability automatically arises even if I haven't received the payment for the invoice. Moreover, my customer would claim the Input GST credit even without paying the amount. If I would raise an estimate first, then all the above problems will get resolved. I have 100 customers who pay me rent on monthly basis. So this turns out to be a huge tax libility. Kindly look into the matter and provide the option as soon as possible. (For your reference, Quickbooks is already providing such option)
Ayush Goel
shared this idea
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Anonymous
commented
I totally agree with this feature. In this time of Covid where a lot of people have delayed the payment then the companies who have issued Tax Invoices without receiving the payment will have compliance as well as cash flow issues due to the tax liability.
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Ayush Goel
commented
I want to Raise estimates to my clients on a monthy basis for the rental they have to pay me. There should be a feature of recurring estimates just like recurring invoices/expenses. It is a very usefull tool which even Quickbooks is offering. Kindly provide the same as soon as possible.