Basil / Resources / Glossary
Glossary
Short definitions for finance, store ops, and IT teams evaluating billing software, restaurant POS, and inventory depth in India. Each entry links to deeper guides where we have them.
- GST (Goods and Services Tax)
- India’s indirect tax on supply of goods and services. Billing software should support GSTIN, tax slabs, HSN/SAC, and return-ready exports.
- GST billing guide →
- HSN code
- Harmonized System of Nomenclature — codes that classify goods for GST reporting. Retail catalogs often carry HSN per SKU.
- Try a GST invoice →
- GSTR-1 / GSTR-3B
- Periodic GST returns summarizing outward supplies and tax liability. Good POS/ERP flows reduce reconciliation pain before filing.
- GST billing guide →
- POS (Point of Sale)
- Checkout workflow: cart, tenders, discounts, and invoice/receipt issuance—often with offline tolerance for spotty networks.
- Basil for Retail →Basil for Restaurant →
- KOT (Kitchen Order Ticket)
- A fired ticket that routes items to kitchen/bar prep stations. Cloud kitchens rely on fast KOT routing and order throttling.
- Cloud kitchen use case →
- Inventory valuation
- How stock on hand is costed (FIFO, weighted average, etc.). Matters when margins are tight across branches and channels.
- Retail inventory guide →
- Multi-branch / HQ reporting
- Roll-up of sales, stock, and GST across outlets with consistent masters. Needs roles, approvals, and inter-branch transfers.
- Multi-branch retail use case →
- ERP vs billing app
- Billing apps focus on invoices and light stock; ERP depth adds procurement, manufacturing/service job cards, CRM, and controls.
- Billing vs ERP guide →
- E-invoice / e-way (readiness)
- Electronic invoicing and consignment movement rules vary by threshold and sector. Your stack should export clean, auditable data.
- TDS / vendor compliance (context)
- Tax deducted at source on certain payments to vendors. Not a POS screen item, but finance teams expect purchase data to reconcile.
- UPI / tenders
- Common tender types at checkout. POS should record tender splits cleanly for shift close and bank reconciliation.