Shares Accounting Challenges

Use of Wrong reports for Accounting Purpose

Generally, people use Global reports provided by different trading accounts for accounting purposes which is not correct. Users should use specific reports like trading P&L reports, Script wise reports, Transaction-wise reports, Inventory reports and Contract note-wise reports for the actual fetching of data for accounting purposes.

Less Use of Transaction Ledger

Generally, User does trading activity on their trading terminal but do not maintain or check their daily Transaction ledger which creates imbalances while cross-checking it with Trading fund balance.

Tax Implication

Majorly users buy and sell shares on a frequent basis but do not account for the same in their books which indirectly raises demand from the IT Department.

Capital Gain Liabilities

Sometimes User don't know about the type of gain they have accounted for in Their Tax Return Form, whether it is LTCG or STCG which also leads to rising demand from the IT department.

Problems of Having Multiple Trading Accounts

Users who own multiple Trading accounts may face problems related to the actual holding they have in all Trading accounts. They have to log in to numerous demat accounts for verification purposes, which is a very cumbersome process.

Contract Note

Users can import Contract notes from images/PDFs or can manually enter the entry-wise details to generate various trading reports like Industry-wise Reports, Script-Type Reports, Demat-wise Inventory reports, Trading P&L Reports, Stock summary reports, Contract note summary reports, Script bifurcation of brokerage & Taxes, Trading or Investment reports used for audit purpose. Users can manage these Important Trading reports for themselves as well as for their family members/ relatives having different Demat accounts in One software.

EazeMax Share Contract Note

Inventory Report

Through the Inventory report, Users can check their holdings Trading account (which shows the actual holdings of different Stocks in each Trading account) as well as Particular Script/Stock available in different trading accounts & know the actual brokerage & Taxes levied as total on particular scripts on the basis of transaction the user choose either it is trading or Investment.

EazeMax Share Inventory Report

Holding Wise Report

The script-wise report shows the selected stock/Script holdings in different Trading accounts for a particular period with their actual Long Term/Short Term/Intraday profits calculations.

EazeMax Holding Wise Report

Trading P&L Reports

Through Trading Reports, users can check their stock summary, stock holdings, trading profit & loss statement, script-wise trading profit & loss statement, and contract note-wise trading profit & loss statement in one place. This ultimately helps them understand the actual profit/loss related to the share market, along with the tax implications on Long-Term Capital Gain, Short-Term Capital Gain, Speculative Income, and Business Income.

EazeMax Software Share Trading Reports
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