What are the uses of Accounting & Billing software in FMCG Wholesale Sector ?

FMCG stands for Fast Moving Consumer Goods. It is a kind of consumer-goods distributor industry that buys in bulk from FCMG companies and then recreates smaller retailers or sub-distributors. As we all know, these types of businesses are inventory-based and require time-saving systems such as when accounting for cash flow on a daily, weekly, or monthly basis and to manage the movement of outside inventory. The software helps integrate business information across all departments including sales, manufacturing, engineering, accounting, and finance to improve business results. 

So here the PMS ERP software is the most ideal option developed by Dynode Software Private Limited. It is mainly used for distribution, manufacturing, wholesale, non-profit, medical supplies, food service, and import companies. Not only this, but it also provides a way to export software, and manage all aspects of a high-growth business. In such cases, PMS ERP software also has advanced accounting modules, such as the inventory and labor cost modules.

Uses of PMS ERP Software in a Wholesale or FMCG Distributor

The first step to deploy product management software in this type of business is providing the necessary financial data and inventory information at the beginning of the financial year or a chosen date.

Customers and receivables balance: This helps you track the amount owed by your customers or sub-distributors for previous supplies

Suppliers and balance due: Here, you can simultaneously monitor all recent cash balances payable to FMCGs, but sometimes, this can be recorded as a credit based on the situation during setup. We will discuss this further.

Bank accounts: At the moment of every flow and the outstanding transaction is your bank account transactions, so it is a best practice to add balances related to your bank accounts and systems for harmonious purposes.

Inventory Management: This is the core of your distribution business. Therefore, you need detailed and accurate input of your inventions - name, quantity on hand, the average cost of your inventions, and selling price. Without this information, you are running a service-based account with your accounting solutions. Whenever we deploy Accounting system software for inventory-based companies or other FMCGs industries, we always recommend them to adopt the one-off pain of a physical calculation, as this is the only one to block flaws in their inventory reporting. In this way. every sale are recorded by the billing system software will be cut and add new purchases to display the current balance.

Important Points of PMS Software in the FMCG Industry

• PMS software has an order app connectivity to take orders on the customer site by the salesman with instant bill price and import facility without data entry.
• It also has the facility of issuing and using money receipts and reports for the receipt of money with the management of printed money receipts.
• It consists of commission system entry and reporting for commission generation based on collection or sale.
• It consists of the construction of load sheet, bill modification after distribution gap, road invoice/sales/returns, and balance with the product received.
• It supports various trades such as discount master/product group/product gradation / regional master/unit master / multi-unit like FMCG for all trades. 
• User creation with the help of menu rights/restrictions creates a log report of every user activity.
• SMS (Transaction) facility while also generating automated or manual reports of sales bills/receipts and other entries.
• This billing software also helps to print the current outstanding bills, as well as export to Excel / PDF / MS word and many other customized features, control cursor speed in purchase or sales for faster data entry.
• Browser is customizable for parties and products. This is the setting option for the browser according to the user's requirement
• Provides facility with alerts about profit and loss on the bill, analysis of the bill in summary or detail, produces various reports like party-wise / product-wise, bill-wise, day-wise, company wise, and so on.
• Provides ready bar code reading, new bar code creation, and printing at the time of production entry, printing of bar code after purchase and printing on the ledger as well as bartender printer.
• Billing and account system helps in sorting, freezing, column-wise printing, manipulating and viewing columns, setting customized reports, and more.

To know more details and for the live demo, contact us :

Tel: +91-0612-2218540, 2218643

Mobile No: +91-7979078552    

WhatsApp: 9431047956

Email: corp@dynodesoft.com, dynodecorp@gmail.com

Website - http://www.dynodesoft.com/invoice-accounting-and-billing-software.aspx

 

Why Purchase Orders are Important to Reatil, Wholesale and Distribution Businesses ?

Importance Of Purchase Order Management In Retail, Wholesale And Distribution Business

In Trading Business - Maintaining a Stock In Range is very important And It Impacts To Overall Profit Of the Company.

Challenges Of Traders is the number of products to be ordered and the name of the supplier to be ordered.

Mismanaged order leads to Overstocking of Product, Wrong Fund Investment, And Heavy slow-moving Stock at a single time.

An effective system enables any business to improve its profitability and gain a competitive edge by:

Generation Of Order Based On Sales Trend.

Order generation based on min and max criteria of Product. Of Product.

By Keeping Order Notification While doing Business Activity.

Generation Of Order Based On Today Zero Stock Product After Sale.

Here are the essential benefits of Purchase Order Management Software :

• Combined all these criteria and then generate order and get final order based on minimum quantity or maximum quantity order to be taken.
• While giving the order, if you have multiple suppliers then it's difficult to judge to whom we need to give the order.
• The decision of giving orders to suppliers can be based on the best supplier analysis.
• All this can be done with the help of PMS software and directly without any user intervention, all orders can be mailed to suppliers automatically.
• PMS software can do all this activity for a trading business to manage Purchase Order Management Of Traders.

To learn more about how Dynode Team can help your business harness purchase order management, or for a demo of our inventory management software, contact us today.

For Sales And Service, Pl Contact On 0612-2218540, 2218643

To know more details and live demo, Contact us —

Whatsapp - 9431047956

Service E-Mail Id - corp@dynodesoft.com, dynodecorp@gmail.com

Web Site - http://dynodesoft.com/invoice-accounting-and-inventory-management-software.aspx

Small Steps can Improve Sales Revenue for MSME, Wholesaler and Distributor

In today’s advanced and digitalized era, a large number of accounting software available for every medium or big-sized business. So, if you want to make improvements in business growth then accounting and invoicing software is the best choice for you. In addition, if your business’s accounting and invoicing management system are disengaged then you can use PMS Software that allows you to do entirely invoicing as well as accounting. Here if anyone who uses any type of inventory system then it is always necessary to have enough products, but not too much and certainly too little. As everyone who owns any kind of inventory knows, it is always necessary to have enough products, but not too much, and certainly not too little. This balancing is hard to achieve, but it’s not impossible. Here are some features in which you can increase sales with good inventory management.

Auto Suggested Product To Sale While Billing To Improve Sales Revenue

1. While Billing Or Selling a product to the customers, the Product Lifting Tool displays the product sales history of the customer and after the end of the billing, only appear that product which has not billed in the current bill but the user regularly takes this product as per his history.   
2. Here seller has the opportunity to sale product from listing by asking customer from list of product which has not been taken today.
3. With these features, the user can discuss with the buyer about the product which has not been lifted today and can add more product in today's sale/bill. It will help to increase business systematically.
4. This activity can build seller relationships with their customer.
5. This feature can be in your Accounting Software or you can get customized in Your Accounting Software.

For example, suppose, there are 10 products displayed for product history purchased by the buyer. Two of them has been sold in the current bill, then the seller has the opportunity to add these products in the bill after discussion with a buyer and if succeeded to add one or two product then use of push sale using product lifting tool (AI based) is a success.

This is The Push / Suggested Sale Feature (Based On AI Concept) available in PMS-ERP software.
PMS ERP is a stock inventory accounting software with GST compatibility. PMS-ERP manages Stock, Inventory, Accounting, Go-down, Quotation, Order, Territory, Management, Sales Man, Product Category, MIS Reporting, And 700+ Reporting.

You Can See the live demo By Calling On Following No :
For Sales And Service, Pl Contact On 0612-2218540, 2218643
Mobile No: +91-7979078552
WhatsApp - 9431047956
Service E-Mail Id - corp@dynodesoft.com, dynodecorp@gmail.com
Web Site - http://www.dynodesoft.com/invoice-accounting-and-billing-software.aspx