Premium Software IT Invent 1.70 Accounting Software 2026 2026-06-20

Summary​

IT Invent 1.70 is a specialized computer accounting software designed for IT businesses, computer hardware shops, repair centers, and small electronics retailers. Unlike generic accounting tools like QuickBooks or Tally, IT Invent focuses specifically on tracking computer components, serialized inventory, warranty management, and service revenue.

What This Software Actually Does​

IT Invent 1.70 combines three essential functions into one platform: inventory management, accounting, and service tracking.

Core Capabilities​

• Serial number tracking: Track every computer component individually. Know exactly which customer received which RAM stick or hard drive.
• Warranty management: Record warranty periods for each product. Get automatic alerts when warranties are about to expire.
• Repair job management: Create service tickets for customer repairs. Track parts used, labor time, and repair status.
• Billing and invoicing: Generate GST-compliant invoices. Print or email directly from the software.
• Purchase order management: Create POs for suppliers. Track pending orders and delivery dates.
• Stock valuation: Automatically calculate inventory value using FIFO (First In, First Out) or weighted average methods.
• Customer and supplier database: Store complete histories including past purchases, repairs, and payment records.

Industries That Use IT Invent 1.70​

Workflow Experience: From Purchase to Sale to Service​

Understanding the workflow helps you decide if IT Invent 1.70 fits your business.

Step 1: Purchase Entry​

When you buy stock from a supplier:

• Enter the purchase invoice number
• Add each item with quantity, purchase price, and serial number (optional per item)
• The software automatically increases inventory

Step 2: Inventory Management​

• View current stock levels by product category
• Set minimum stock alerts
• Track which products are selling fast
• View landed cost (purchase price + shipping + tax)

Step 3: Billing and Sales​

When a customer buys a product:

• Select customer (or add a new one)
• Add items from inventory
• Software automatically deducts from stock
• Print invoice with warranty end date clearly shown
• Send SMS or email receipt (optional module)

Step 4: Repair Job Processing​

For service work:

• Create a job card with customer complaint
• Assign a technician
• Add spare parts used (auto-deducts from inventory)
• Add labor charges
• Mark job as pending, in-progress, or completed
• Generate final invoice when job is done

Step 5: Warranty Claims​

When a product returns under warranty:

• Look up original invoice using serial number
• View warranty period and remaining days
• Create a warranty replacement or repair job
• Track claim status with supplier

Step 6: Accounting and Reporting​

• View profit and loss statements
• Generate GST reports for tax filing
• View supplier payment pending reports
• Check daily, weekly, or monthly sales summaries

Interface Design: Is It Easy to Use?​

IT Invent 1.70 uses a classic Windows desktop interface. Do not expect modern web-app styling. The design prioritizes function over form.

Main Screen Layout

• Top menu bar: File, Masters, Transactions, Reports, Utilities
• Left sidebar: Quick access to billing, stock, repairs, and customers
• Center workspace: Data entry forms and list views
• Bottom status bar: Current user, database status, and date

Data Entry Experience

• Most forms use tab-based navigation. Press Tab to move between fields.
• Search boxes accept partial typing. Type “Dell” to see all Dell products.
• Keyboard shortcuts available: F2 for new record, F6 for save, F9 for print.

Who Will Find It Easy?

Who Might Struggle?

• Users expecting cloud-based, mobile-first design
• Businesses needing multi-location real-time sync
• Teams requiring role-based access with 10+ users

Learning Curve: Time to Become Productive​

Unlike bloated ERP systems, IT Invent 1.70 focuses on a specific niche. This makes the learning curve reasonable.

Estimated Learning Timeline

Available Learning Resources

• Built-in help menu (F1 key)
• PDF user manual (comes with installation)
• YouTube tutorials in English and Hindi
• Email support from developer

Common Learning Challenges

1. Serial number tracking setup: Beginners sometimes skip this. Then they cannot track individual items. Always enable serial tracking for high-value components.
2. GST rate configuration: Different products have different tax rates (5%, 12%, 18%, 28%). Set these correctly during product entry.
3. Stock adjustment entries: Physical stock may differ from book stock. Learn how to use stock adjustment vouchers.

Invoice Quality​

• Print on A4 or thermal paper
• Company logo can be added
• Shows GST breakdown (CGST, SGST, or IGST)
• Warranty period clearly printed
• Serial numbers listed (if tracked)
• QR code for GST verification (in newer versions)

Report Quality​

Data Accuracy and Integrity​

• Database prevents duplicate invoice numbers
• Stock cannot go negative (configurable)
• All transactions have audit trails
• Backup and restore functions available

Useful Tools Inside IT Invent 1.70​

Beyond basic accounting, several specialized tools add real value.

1. Barcode Generation and Printing

Generate barcode labels for products. Scan them at billing counter. Reduces manual entry errors.

2. SMS and Email Integration

Send invoice links, payment reminders, or repair completion alerts directly from the software. Requires separate SMS credit purchase.

3. Data Import from Excel

Already have a product list in Excel? Import it directly. Do not re-enter hundreds of rows manually.

4. Automatic Backup Scheduler

Set the software to backup your database every day at 8 PM. Store backups on a different drive or cloud folder.

5. User Permissions

Create multiple users (owner, manager, billing staff, technician). Restrict access to reports, price changes, or stock adjustments.

6. GST E-Way Bill Generation

For high-value shipments, generate e-way bills directly. No separate portal login needed.

7. Customer Loyalty Points

Offer points on every purchase. Customers redeem points on future bills. Keeps them returning.

Alternative Solutions to IT Invent​

When to Choose IT Invent 1.70​

You sell computer parts with serial numbers
You run a repair or service center
You want a one-time payment (no monthly fee)
You work offline (no reliable internet)

When to Choose Something Else​

You need cloud access from multiple locations
You have more than 5 billing counters
You sell non-IT products primarily (groceries, clothes, furniture)

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