IMS Module Configure and Reco Sync
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To configure IMS for a new business, follow the following steps:
Login to the MastersIndia portal using your registered email and password.
After logging in, click on the IMS Module from the left Navigation Panel.
Click on IMS Settings to select the GSTINs/Businesses for which the IMS invoices need to be configured.
Select the GSTINs from the drop-down under the "Business to Auto-generate IMS" select box.
Click on the "Submit" button below to complete the configuration of the IMS.
Note: IMS invoices newly added to the GST portal will now be automatically fetched once daily. The fetch will occur at the time specified in the settings screen, as highlighted above. This enhancement ensures that the invoice data is always up-to-date without requiring manual intervention.
Synchronise the "GSTR-2A vs Purchase Register" reconciliation with the IMS module, the system can recommend actions based on the comparison between GSTR-2A and the Purchase Register, ensuring discrepancies are quickly identified and addressed.
In addition to the GSTR-2A and Purchase Register Reconciliation, MI also offers action recommendations from the "IMS vs Purchase Register" Reconciliation, further streamlining and improving the IMS process.
Click on IMS Settings to select the required reconciliation.
Click on the "Sync Action From" dropdown in the IMS Settings.
Select the reconciliation with which you want to synchronise the IMS. Click on "Submit
Note: The reconciliation would be synchronised daily with IMS data within 2 hours of IMS data fetch. The time at which the reconciliation would be synchronised will be shown on the screen as highlighted below.
