How Spoiled/Wasted trade items are treated in Soft Retail Accounting?
It is sale entry for that item with zero or reduced price. If item is completely spoiled and cannot be sold then make usual sale invoice entry right when item is spoiled or comes to notice. The listed price will come automatically. You will manually replace the price with 0. Furthermore, you will also manually […]
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 is more like a Management Accounting Software
Although Soft Retail Accounting gives you Financial Ledgers, Trial Balance and Final Accounts, It does not require you to setup “Accounting Period” or “Financial Period” etc. Soft Retail Accounting is not more concerned with yearly or other periodical official reporting, rather it focuses on day to day results, transaction by transaction results. And what is […]