Distribution Accounting Software is computer software that keeps Database record, information about particular product inventory, sell of products, buying and selling invoices, documents and many more.
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Distribution Accounting Software is a structure made up of various components bonded together to create a system that keeps track of everything. It helps Wholesale distributors to keep track and monitoring of sales, buying, transactions, Accounts Payable, Database Records, and Maintain Inventory for products. Wholesalers’ orders frequently so it is necessary to keep updated about latest inventory. That’s the way wholesaler avoids excess inventory piling up. It helps avoiding excess capital investment in inventory.
Distribution Accounting Software includes features in Sales Orders such as select from any inventory locations, Automatic Back Ordering, spontaneous invoicing and slip, Quotations and Invoices in client’s currency, Custom Packing slips, Invoices, View Stock Availability and Sales History.
Distribution Accounting Software includes features in Inventory such as Invoices of Material, Quantity Price Discounts, Item Exchange Record, Serialized Product Numbers, Taxation, Record of item by Sales, Buy, and adjustments, Multiple Warehouse Locations, Bulk Price Change, Standard Costing and more,
Our Distribution Accounting Software has following features in account payable like history of transactions, maintaining multiple bank accounts, check printing, consolidation of invoices to take and get credit, vender can assign their own currency, bank account in any currency, can view any account for specific period.
Our Distribution Accounting Software has following features for buying like Buy Order can have one location receiving and then transferring, product adjustment, direct shipping to customer from vendor, Quantity setting from beginning year balance, matching invoice and cost of material, buying order Email, order lot quantities, automatic receiving at any branch location.
Distribution accounting systems includes back-office accounting. It has features such as pay bills, expense tracking, print checks, payroll management, filling orders and invoices, bank reports, account receivables and financial reports. Distribution Accounting Software helps in many ways like it helps to maintain right amount of inventory so you are never out of products. So, you save storage to store other products. On top of those products which are in excess inventory have to sell at discounted price, resulting in low profit or loss. So, it saves from financial losses.
Wholesalers want as low as possible amount of inventory just good enough to fulfill customers’ requirements. It is necessary to have foresight about future order requirement. Distribution Accounting Software offers daily, Monthly, yearly data so you know slow season and peak season. So, you know accurately about up and down of demand and that’s how it helps you in business.