Calculated decisions right at the time of purchase
At the time of making purchase entry, Soft Retail Accounting System gives you option to see weighted average prices of purchase items for the previous periods. Thus the system informs you about cost price trends over time and helps you take calculated decisions. In this screenshot, last three items were not purchased during the year […]
How an already running business can adopt Soft Retail Accounting?
Let’s say a Toys and Cosmetics Shop is already running. If business is to be shifted to Soft Retail Accounting on let’s say 25-05-2018, then we are in need to enter two things in system: Stock Positions as on 25-05-2018 and; Balance Sheet as on 25-05-2018. Let’s say following is the stock position as on […]
Soft Retail Accounting offers Perpetual Inventory System:
Soft Retail Accounting is a powerful Perpetual Inventory Tracking method. With every sale/purchase (and returns thereof) entry, updated position of every stock item is reflected automatically in every related report. With the power of running balance of every stock item as well as ledger account, tracking of inventory or ledger account at present as well […]
Where to record various types of Transaction?
Major Brands of Accounting Software in market record transactions in different modules such as (i) Vendor process module, (ii) Customer Process module, (iii) GL module etc. Let us state that this method is neither supported by theoretical accounting, nor it is a simple process. But this method did introduce the integration of Financial Accounting and […]
How to write Invoice No./Voucher No. in various Entry Forms:
Invoice Number in Sales Invoice Form is automatically generated and it is in sequence. When you press “New Invoice Button”, then all the columns on left pane area are automatically filled and cursor automatically goes to right table area in the “Item Code” column. In the Purchase Invoice, the Invoice No. and date columns are […]
Know which Item to Purchase and at what price
Soft Retail Accounting gives you the most direct method of ascertaining the purchase requirements of your retail business. It works in a simple way. At the time of defining your trade items in “Items and Prices Setup”, you mention “re-order level” and “target level” for each item. Let’s say for a particular item, the “target […]