What is Inventory & Accounting??
Softwin Infotech provides you customized and integrated Inventory & Accounting software development for
every size of businesses. Our Inventory Management Software and Inventory Accounting Software is the best suited & can be customized for various kind of businesses, such as, Trading, Manufacturing, Warehouses, Hotels, Retails, Wholesales, Importers, Exporters and so on.
Inventory or stock refers to the goods and materials include that a business holds for the ultimate purpose of resale (or repair).
Inventory management is a science primarily about specifying the shape and percentage of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.
Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses. Accounting is also a profession consisting of individuals having the formal education to carry out these tasks.
Advantages Of Accounting Software:
- Speed data entry into the computer with its formatted screens and built-in databases of customers and supplier details and stock records can be carried out far more quickly than any manual processing.
- Automatic document production fast and accurate invoices, credit notes, purchase orders, printing statements and payroll documents are all done automatically.
- Accuracy there is less room for errors as only one accounting entry is needed for each transaction rather than two (or three) for a manual system.
- Up-to-date information the accounting records are automatically updated and so account balances (e.g. customer accounts) will always be up-to-date.
- Availability of information the data is instantly available and can be made available to different users in different locations at the same time.
- Management information reports can be produced which will help management monitor and control the business, for example the aged debtors analysis will show which customer accounts are overdue, trial balance, trading and profit and loss account and balance sheet.
- Efficiency better use is made of resources and time, cash flow should improve through better debt collection and inventory control.
- Staff motivation the system will require staff to be trained to use new skills, which can make them feel more motivated. Further to this with many off-the-shelf packages like MYOB the training can be outsourced and thus making a particular staff member less critical of business operations.
- Cost savings computerized accounting programs reduce staff time doing accounts and reduce audit expenses as records are neat, up-to-date and accurate.
We have developed and customized our software keeping all size of businesses in mind and most required for fresh startups, small business, medium range business as well as or big brands and companies
To know more about what is Inventory & Accounting Software simply drop mail us on email@example.com or call on +91-7620878989