Nowadays there is a need to use accounting software that helps small business to a large organisation for many things. Accounting software plays an important role to record and manage the business financial figures. Using a POS system to record and process day to day activity will make your accounting work easy and effective.
Accounting Software
Accounting Software helps you to store all your information related to transactions or financial tasks and store all the data in one place. You get access to your financial statements and generate reports at any time.
Point of sale
POS helps to make the transaction between the shop and a customer when a customer buys any product or service.
Features of accounting & POS Software
1. Maintain Record: POS and accounting software collect all the information related to the purchase and sale, inventory, customer data, different ledgers which updates in real-time and can be accessed at any time.
2. Less Error: Integrated accounting and POS do all the difficult and time-consuming tasks instead of an accountant.
3. Inventory Control: Track the sold products with real-time data sharing all through your POS software.
4. Sales Reporting Data: When a transaction is made through the POS system, your accounting software will get and record the information automatically.
5. Franchise Support: It allows the user to access data from different franchises & compare performances across outlets
Benefits of using accounting & POS Software
1. It helps to simplify data entry processes which increase the work efficiency.
2. You can record and generate financial reports for better decision making.
3. Reduction of manual errors due to the automation of processes.
4. Saves time to process the invoice and other activity.
5. Saves staff costs on manual accounting.
Marg Retail and Tally are the most trusted accounting and POS software available for the retail industry. You must compare all the features and do your own analysis before choosing the best.
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