Benefits of integrating Inventory software with accounting software:

Inventory management software helps in optimizing your business and makes sure that your warehouse is organized. With the help of inventory software you remain informed about the level of your inventory so you never go out of stock as you will be able to stock again on time as soon as it reaches the warning level. It also tracks all your items therefore you can easily save your items from wastage and also track the damaged goods.

Accounting software keeps a record of all your accounts, sales, expenses, profit, etc. It calculates your profit, taxes, payroll, tracks all your expenses, takes care of your billing and much more.

Every business at this point has turned to various software that helps in business management. Many business use different software for every department and these software requires to be integrated so there is a harmony within the business and you can maintain a smooth workflow.

So what are the benefits of integration Inventory software with accounting software?

1. Inventory optimization

Customers demand for fresh and new products and they want your store to always have all the products in stock. Therefore once your inventory software is integrated with the accounting software so there is less labour cost in your business as both the software are connected hence you can stay updated with the inventory”™s account with you instead of going through both the software. The planning for the purchase order and sales order, planning and real time updates can be done with the help of an accounting software hence it can connect directly with the inventory software making everything simpler and faster.

2. Reports

Accounting software keeps a record of all the items, sales and purchases. It is useful for an inventory software to have all these records so the amount of sold products and required products can be easily calculated and have the expenses tracked giving all the reports not only the inventory level but also on the best selling product, expenses on the products and how much sale is happening, etc. Therefore it boosts inventory software”™s functional capacity.

3. Easy to use

Without having to go through number of software you can use your inventory as a one stop solution. With all the reports in one place like the accounts of the sales of each item and expenses in purchasing them, therefore you do not have to go through different software to get your answers. It makes it easier for the employees to use the software as they can save time by just checking for reports in one software and both the departments can have more vast knowledge about the areas in the business. For example both the inventory and the accounting departments remain aware of each other”™s business and can easily cooperate with one another. Updating the product number in the inventory gets updated in the accounting as well allowing it to calculate the sales, purchases, expenses and profitability with ease.

Reach Inventory software

Easily manage your inventory with the help of Reach inventory software that is online based and is easy to use. It optimizes your inventory and tracks the warehouse level in real time preventing product shortage and production shortage. It is a customizable software therefore it can be used for any type of business from manufacturing to trade, service, retail etc.

Features:

• Order management
• Manufacturing management
• Warehouse
• Point of sale
• Lots and barcode management
• Project
• Accounting
• Invoicing
• Operations and process
• Loyalty management
• Addons
• Tally import
• Proof of document
• Purchase
• Sales
• Access
• Multi company
• Auditor view
• Mobile application
• Bank synchronization
• Multi branch

For queries and more information click here. For 15 days free trial of Reach Inventory software click on >> Demo

Sumathi

I’m a tax expert with over 10 years of professional experience. I’ve gained practical insights on GST and other Taxes during my tenture as a Tax expert and GST Trainer in Reach Accountant.