Accounting Software for Retail Business
Accounting Software for Retail Business
Accounting software for retail business is a very important tool used by Singapore retailers as it helps you to reduce operation cost, improve productivity and efficiency, provide better inventory and product management which eventually translate to increased sales.
Issues faced by retail business owners
These days, Singapore retail businesses, regardless of scale, require fast and accurate planning software. A program with integrated accounting features greatly enhances the capabilities of the application.
The accounting issues that the outlet faces range from keeping proper records of sales transaction, tracking movement of goods, invoicing and billing and the availability of information on the performance of the store.
As a business owner, you are not just responsible for the profitability of your store, but also having proper accounting records that adheres to the local accounting reporting standards. The financial information also ensure that you can keep track of performance and chart the growth of the company.
In Singapore, many shops are facing a manpower crunch. With limited resources, managing your merchandise business can be tough; having a computerized program to perform the bookkeeping functions helps to automate many tasks that allow the owner to focus on the core business.Click Here For Your Complimentary Software Demonstration (worth $80)! >>
Benefits the accounting program provides for the store owner
Primarily accounting software is the most cost effective and most convenient approach to managing your in-house accounting. The business accounting program for retail business allows you and the authorized managers to access the system, record financial transactions, and manage sales, inventory, and payroll as well as other operational expenses. Business accounting software for retailers can run on conventional computers, so you do not need to deal with additional expenses on hardware.
Retail business management is one of the more challenging tasks that you need to deal with as a business owner. If you do not have much knowledge about accounting, you need to hire someone who has the skills and knowledge in financial planning and managing. However, hiring an in-house accountant can cost you much as you need to pay for additional labor and office space.
- Computerized system to handle your retail shop major finance functions
- Featured packed program to accurately record your outlet’s transactions
- Timely tracking of your inventories
- Reports to analyze your sales performance by conditions you define
- User friendly controls to customize your forms
Our accounting module is one of the most widely used and trusted business software.
This is suitable for small and service based retail enterprises. Some examples of the features are:
- The store function can handle accurate invoicing, managing cash receipts as well as expenses incurred.
- Better track and manage your outlets’ inventory, which is one of the critical asset of a retail business
- The complete book keeping functions can generate various accounting reports necessary for financial reporting purposes.
- Business insight functions provide immediate analysis of the income and expenses incurred based on the numerous reports that are easily configured
Our solutions is one of the accounting software for retail business that is worth considering. Our off the shelf and customised software providers can provide you with the support that you need through phone call, email, or live chat, all at your fingertips!
Contact Us (click here) now to ask about solutions we can provide for your business!
We will have a detailed discussion (no obligations) to discuss your current inventory tracking process and recommend solutions to address your company’s needs.
a) Our off-the-shelf program
i) One popular accounting and billing software option in Singapore is QuickBooks Online, with affordable monthly fee. It is easy to use and the mobile app version allows you to do business anytime and anywhere, saving you time.
With the secure backup, you need not worry about the manual backup, making this a cost effective solution for you. In addition, there is no need for you to pay additional fee for updates or upgrades, as it is already included in the monthly fee.
In addition, QuickBooks Online can be integrated with ecommerce website, streamlining your retail online business sales, making it a breeze for you to manage your store and online business.
ii) Our other off the shelf MYOB Premier Plus and customised solution provide powerful accounting features and can also integrate POS functions for your retail business. The software caters to Multi Currency-Transactions, Multi-Users, Time-Based & Tracking and Payroll.
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