Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Managing the Inventory Database with Accounting Software

By Antony Wilmer Subscribe to RSS | January 11th 2012 | Views:
loading
 
  



Accounting software enables your business venture to reduce man-hours on payroll management and makes the whole process error free Inventory may be defined as “Finished products that are ready for sale, but have not been sold yet”.

You may use multiple Inventory Software packages available in market. The Accounting Software can provide you with multiple functionalities such as profit controls, real time inventory tracking, price levels, payroll, and tax calculations.

Some of the salient features of Inventory Management Software are explained below:

• Real Time Inventory Tracking: Enables you to perform real time inventory tracking among multiple stores and locations.

• Expiry Date Tracking: Enables you to assign the expiry date to the items during or immediately after receiving the items.

• Manufacturer Lot Tracking: Enables you to select the Manufacturer lot when required for transaction.

• Multi Level Categories: Enables you to maintain multi level categories for easy management.

• Currency Manager: Enables you to manage and calculate currency for multiple geographical locations. It also facilitates you to convert money value.

• Stock Transfer: Enables you to transfer the stock among multiple geographical locations.

• Backup Creation: Enables you to create and backup the company’s data.

• Reports: Enables you to create reports in multiple formats as per the customer requirements.

Inventory Accounting Software is specific to the accounting. It facilitates you to perform financial activities such as Financial Reporting, Banking, and budgeting.

Some of the salient features of Inventory Management Software are explained below:

• Budgets: Enables you to transfer the budget amount among multiple accounts.

• Accounts: Enables you to manage income and expenditure. It also enables you to track the receivables, plan the cash flow.

• Sales Commission: Enables you to calculate the sales commissions that are due to the agents.

• Banking: Enables you to modify the financial details such as credit card details, transfer funds, and check details.

It also enables you to perform the audit related activities.

There might be both permanent and temporary staff in one business organization. Permanent employees are paid salary and the contractual ones are paid on hourly basis. Bonuses and commissions are to be paid to permanent staff. Along with wage, the compensation package might also include time-offs, sick benefits, holiday benefits, health care and pension. As an employer you may also have to cover disability and life insurance for your employees. You also have to count the tax deductions for company and employees. All these make effective payroll management a necessity.

Payroll can be managed manually. But, manual management might lead to investment of more man-hours and is prone to mistakes. To help you in this regard accounting software is available. All leading software manufacturers are now producing accounting software for the most common issues to the critical ones of the payroll. With few clicks on computer you can collate a handful of information regarding online payroll software.

Antony Wilmer - About Author:
Antony Wilmer is freelance writer. He has written numerous article and blogs on ecommerce and software for more details about crm software, accounting software visit our url: http://www.interprise.co.uk

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/software-articles/managing-the-inventory-database-with-accounting-software.htm

Related Software Articles Subscribe to RSS

Uses of Digital Signage software in the healthcare industry
Published by Digital Technology on April 5th 2012 | Software
Communication is a major aspect of good healthcare today simply because proper organization is essen...
 
Five strong pillars of RoHS software
Published by Angel on May 24th 2012 | Software
...
 
Is scrap metal software the perfect solution for recyclers?
Published by Angel on March 21st 2012 | Software
In an effort to automate his scrap metal business, a recycler implements scrap metal software to reg...
 
Features that make Small business accounting software user-friendly
Published by Antony Wilmer on December 5th 2011 | Software
Scalability and customization of the small business accounting software package should be studied be...
 
Advantages of Offshore software development
Published by Roger Lopez on January 17th 2012 | Software
This article mentions advantages and disadvantages of offshore software development.

...
 
Crucial and Must Have Capabilities of ADFS Complementary Computer software
Published by Leila on May 21st 2012 | Computer
ADFS, also known as Active Directory Federation Service is actually a strong and flexible plan desig...
 
Benefits of employee timesheet and payroll software
Published by Merlinraj on August 22nd 2012 | Computer
Time Attendance Systems-Attendance Tracking System-Employee Timeclock-Labor Time Tracker gives you t...
 
Ideal ways to identify the best recycling software
Published by Angel on April 5th 2012 | Software
Recycling centers that want to automate recycling business procedures can derive great benefits out ...
 
Four queries to answer before handpicking an ideal scrap software
Published by Angel on March 8th 2012 | Software
The recycler who wants to systemize his business procedures can make diligent use of scrap software ...
 
Simply recruitment tasks with recruitment agency software
Published by Roger Lopez on March 20th 2012 | Software
Altamira Recruiting software is a highly customizable, multi-language, SEO friendly online employmen...
 
Custom software development company
Published by Roger Lopez on February 10th 2012 | Software
The article gives a brief introduction of different custom development services....
 
Banking software companies and their Vision and Mission
Published by Angel on May 7th 2012 | Software
Financial institutions seek the services of banking software companies to introduce novel mobile ban...
 
What is so special about scrap metal software
Published by Angel on April 16th 2012 | Software
Individuals involved in scrap metal business have started using scrap software to gain good control ...
 
Pc games’ software developed for gamers by BlueStack
Published by Maria Gini on April 21st 2012 | Software
Pc games are very much popular for the reason that many games are available online. Games can be pla...
 
Benefits of online Sales tracking and leads management software
Published by Elizabeth Cooper on March 19th 2012 | Software
The lead management software is part of the complete sales force automation process that helps in tr...
 
In 2012, US IT managers are looking to replace their offshore software development providers by nearshore ones.
Published by Yeleny Lopez on January 24th 2012 | Software
We have built customized tools for automating software development phases, maximizing the power leve...
 
Use of recruitment software in HR works
Published by Maria Warne on July 5th 2012 | Software
Recruitment software simplifies the communication between the recruiters, HR manager and the applica...
 
A bodyguard for your machine- Antivirus security software
Published by Dany on February 7th 2012 | Software
We are living in era of digitalization. We use computers for almost all purposes liking shopping pro...
 
Effective antivirus software for complete computer security
Published by Alexs on February 23rd 2012 | Software
Computers today hold more than just the capability for word processing and number crunching. On top ...
 
Penny auction software
Published by Remmy Sterio on February 11th 2012 | Software
Penny auction software is a fully-featured, powerful and scalable auction script that helps create o...