IT Invent 1.70 Complete Guide to Best Computer Accounting Software 2026

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.

This software helps business owners manage stock of processors, RAM, motherboards, laptops, and peripherals while simultaneously handling invoices, purchase orders, customer repairs, and supplier payments.

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)

System Requirements

Speed Performance

• Invoice creation: 3–5 seconds per bill

• Stock report generation: 2 seconds for 5,000 products

• GST report: 5–10 seconds for monthly data

• Database backup: 2–3 seconds for 100MB database

Stability

• Runs reliably for 8–10 hour workdays

• Rare crashes reported mostly on unsupported Windows versions

• Auto-recovery available if power fails during transaction

Who Should Buy IT Invent 1.70?

It is not a general accounting software. It is a vertical solution for a specific industry.

Strongest Advantages

• Serial number tracking for computer parts

• Integrated repair job management

• One-time payment (no monthly fee)

• Works offline completely

• GST compliant for Indian businesses

Limitations to Accept

• Windows only (no Mac, no Linux, no mobile app)

• Desktop interface looks dated

• No real-time multi-location sync

• Limited to 3–5 concurrent users in standard version

Verdict

If you own a computer hardware shop, laptop repair center, or small IT asset management business, it delivers excellent value. You get inventory, billing, service tracking, and GST reporting in one package at a fraction of the cost of ERP systems.

For general retail or cloud-first businesses, look elsewhere.

Frequently Asked Questions 

1. Is IT Invent 1.70 suitable for a laptop repair shop?

Yes. The repair job management module handles service tickets, spare parts tracking, labor charges, and warranty claims specifically. Many laptop repair centers use IT Invent as their primary software.

2. Can IT Invent 1.70 generate GST invoices?

Yes. The software is GST compliant for Indian businesses. It calculates CGST, SGST, and IGST correctly. GST reports can be exported for monthly filing.

3. Does IT Invent 1.70 work without the internet?

Yes. The software runs completely offline on your local computer. Internet is only needed for optional features like email sending, SMS, or e-way bill generation.

4. How does serial number tracking work?

When you purchase products, you can enter individual serial numbers. When you sell to a customer, the system asks which serial number you are selling. Later, if the customer returns for warranty, you can look up the original invoice using the serial number.

5. What is the difference between IT Invent 1.70 and TallyPrime?

TallyPrime is general accounting software for any business. It is specialized for computer hardware shops and repair centers. It has serial tracking and repair job management. TallyPrime does not.

6. Can multiple users work simultaneously?

The standard version supports 3–5 concurrent users. A network or server version is available for larger teams. Contact the vendor for pricing.

7. Is there a free trial available?

Yes. Most resellers offer a 15-day or 30-day trial version. Contact an authorized IT Invent distributor in your city.

8. How do I backup my data?

Go to Utilities > Backup. Choose a destination folder (external drive or cloud folder). You can also enable automatic daily backups from settings.

9. Can I import my existing product list from Excel?

Yes. Use the data import tool under Masters > Import from Excel. A sample Excel template is provided in the installation folder.

10. Is customer support available?

Yes. Email support is included with the license. Paid on-site support is available in major Indian cities. Check with your local reseller.