What is Invoice Management System – Definition, Importance and Types
Invoice is a term which sounds so simpler, but businesses clearly know its huge significance. It’s a crucial financial document received by businesses and has
Category: Business Management
What are Inventory valuation methods and their importance?
Inventory valuation determines the total value of the inventory owned by the business during a particular period. The total value of the inventory depends on
What are the types of Manufacturing Processes?
What is the Manufacturing process? Manufacturing process is a step-by-step procedure to convert raw materials into finished products with the help of machinery, labour, tools
What is Inventory? Definition, types and benefits
Inventory is the most crucial component of any industry. It is one of the elements determining the profit and loss of the business. An optimised
What is FSN analysis in Inventory Management?
What is FSN analysis? FSN analysis is an inventory classification method based on how quickly the stock items are consumed or sold. FSN stands for
How to post Old Stock Entries for Miscellaneous Issues/ Receipts
How to post Old Stock Entries for Miscellaneous Receipts Issue Summary : Even after running the account interface, there were no stock impacts for the
What is ABC Analysis in Inventory Management System?
What is ABC analysis? ABC analysis is an approach to managing inventory that categorizes inventory items into A, B and C categories depending on their
Importance of Audit Trail Feature for Business Accounting
Today, a number of trade companies have been looking to digitise through automating daily processes with advanced tools like ERP software. The tools offer extensive
10 Inventory Management Trends
Post-pandemic businesses have incurred losses due to supply chain disruptions, and poor inventory management due to the commotion at that time. Businesses have been looking
8 Ways Technology Has Helped Transform the Auto Industry
The Auto Industry has come a long way since its invention in the late 1800s. Early on, cars were costly, and only the wealthy could