BIR-Ready Accounting Software: Manage Accounting With Ease
While it is true that only large businesses in the Philippines are…
For each of the products you sell, do you exactly know how many stocks you have on hand?
What about the raw materials and other supplies?
At a glance, the concept of inventory management might seem pretty simple – just knowing the number of stocks, but you know it is actually much more complicated than that!
For the business to run smoothly, you have to know the whole system of inventory from stocks, raw materials to supplies as well as the number of these stocks to be ordered for future demand.
It is more than just the accounting of what you have stored in the warehouse but it involves controlling, storing and tracking the stocks from the supplier to the point of sale.
It is necessary for the business to be on top of everything, especially the management of the supply chain from start to finish.
Gone are the days when manual inventory is king.
It brought a whole lot of problems.
Time was the enemy while errors were its ally.
The process had to be monitored from having to prepare for orders, doing the actual purchase to regular manual stock monitoring and replenishing stocks – a very time consuming exercise!
All these tasks take a lot of significant company time and sadly, it could have been spent in strategizing and making things work for the business.
Not to mention the reconciliation of real time stock levels as against the point of sale, continuous lags in repurchasing when stock levels are low, resulting in inconvenience, missed sales and unhappy customers.
Theft and pilferage is also a growing concern.
Overselling, too, can be an unrelenting problem when there is poor inventory management.
That is why it is critical to have an effective inventory management system to avoid all these.
Effective inventory management systems help businesses save time and money as well as maximize their sales potential.
The answer is POS and Inventory Management software.
Nothing more. Nothing less.
Having this software is a turn-key solution.
The right and effective inventory management system automates inventory processes, accurately and meticulously tracks incoming and outgoing products and services.
It also provides the real-time data needed to make purchasing seamless and helps make important decisions.
Hence it is crucial for businesses to reliably and cost-effectively manage their inventory by adapting to an inventory management software.
Here are some tips to consider for effective business inventory management:
The perfect and most effective way to manage inventory is through having a POS and inventory management software.
Investing in the most suitable one can help you with the following:
Is your inventory system a thing of the past?
Manual counting 123, does not apply anymore.
Let EasyPOS do the counting, tracking and monitoring for you!
An effective inventory management system is just within your reach with the following benefits:
EasyPOS lets you and your organization function seamlessly with real-time monitoring and customizable features.
Contact us now for a free assessment! https://human-incubator.com/easy-pos/
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).