Accounting software for inventory facilitates businesses and retailers in accounting inventory expenses, shortage and excess of goods, stock value, etc. to minimize errors and loss of goods. In this article, Viindoo will take you through the details about the features, outstanding advantages and selection method of the suitable accounting software for your business. Let's begin!
Why accounting software for inventory is recommended?
Accounting software for inventory supports businesses and warehouse staff in managing, checking products and materials, calculating stock value, exporting, importing and preparing prescribed reports and analytics reports. The accounting software could quickly, exactly measure products’ value no matter how large the amount of supplies and receipts is. Hence, employees can improve their efficiency, accuracy and reduce risks.
Fundamental features of an accounting software for inventory.
Accounting software for inventory has specialized functions for managing warehouse such as stock value calculation, stock count, management of invoices and bill of materials, etc. Besides, reports on exporting, importing and stock will help count and analyze products based on distinct criteria and objects.
Moreover, the software supports employees and accountants to check data, declare the default warehouse for supplies, manage transaction invoices, etc. These are the special features that the accounting software for inventory by Excel or any other free accounting software for inventory can not acquire.
>>>> Discover more: Top 10 Effective Business Management Software Applications
Evaluation and selection criteria for the best accounting software for inventory
Although the accounting software for inventory brings numerous benefits for businesses, how to choose the suitable one from the available software is not easy. Understand your inquiries, Viindoo would like to provide the following evaluation criteria to help you choose the most suitable warehouse management software.
Usability and suitability
A good accounting software for inventory are supposed to handle all transactions and meet all requirements that occurred within a business. On the other hand, the software also needs to be suitable with the scale and specific industry in which the company operates such as service, manufacturing, commerce, installation, etc.
In order to choose a fairly good software, you should pay serious attention to the automation feature. It will be shown as below:
Automatically record key transactions of the enterprise, which saves time entering data and limits errors.
Calculate cost of inventory, foreign exchange rate difference automatically, and record transactions automatically.
Automate the calculation of depreciation of fixed assets, distribution of tools and instruments. In addition, it also distributes prepaid expenses, service costs, production, and construction.
Automate the work of bookkeeping at the end of the period and the end of the fiscal year, etc.
Software with such automatic features will help accountants reduce their workload and limit errors when entering data.
Automation will help accountants save much time than before.
User-friendly and ease-of-use interface
This is a key factor that the software must ensure all necessary features of an accounting software for inventory while being simple enough to get used to and operate daily.
A software with a intricate and complicated interface will make it difficult for users to control and not know where to start. The easy-to-use factor helps accountants quickly grasp and put the software into practice, as well as quickly find the cause and handle it promptly when problems occur.
The easy-to-use interface helps users easily manipulate the software.
The price factor
Based of the scale and demand, each business will select different accounting software for inventory. Therefore, the accounting software pricing also has a difference. Typically, fixed software will be suitable for small enterprises with less professionalized work.
Contrary, customized software will go well with medium and big enterprises who have more a variety of specific operations. The pice, somehow, does reflect the actual value and quality the software could bring to your business.
>>>> See more: Online accounting software
Top accounting software for inventory
Here are some popular accounting softwares among accountants and widely used by many businesses:
Viindoo Accounting Software
The accounting software for inventory - Viindoo Accounting Software is the best solution to inventory management for businesses. The software provides a comprehensive picture of corporate finance thanks to a clear, easy-to-use interface, displaying all the necessary information for accounting operations.
Viindoo Accounting - Comprehensive accounting software for inventory
Thanks to the smart filters and searching tools empowered by varied criteria, accountants and administrators can easily track and capture data on stock, products, etc. accurately, thereby distributing products into many categories.
Visualized data which is easier to follow
>>> See more: Sales accounting software
Moreover, managers can create accounting & financial reports themselves, and capture accurate data quickly anywhere, anytime on any smart devices.
Viindoo Accounting Software is an "effective assistant" for businesses to manage inventory efficiently, smoothly and synchronously, thereby improving work efficiency and minimizing errors.
Ready to experience the excellence?
Automate 90% of business accounting operations. Maximize accounting-financial management performance in minimal time.
Sign up for a free 15-day trial.
TRY NOW - It's free! or Contact us
Misa Accounting software
Misa software helps accountants save working time, increase efficiency, reduce workload as well as prevent data errors. With standout features like auto-archiving, backup and restore data effortlessly, Misa can be used for many industries, sectors and enterprise sizes.
MISA is suitable for many industries, all small and medium-sized companies
Fast software is a commonly used software by large-scale businesses with branches. The interface of the software is simple and easy to use, you can work anytime, anywhere thanks to the cloud computing technology. In addition, Fast also provides various types of reports such as management, finance, etc. which greatly support accountants.
Fast software is popular because it can be used for many branches of businesses
>>>> Explore more: Top 10 effective accounting software for SMEs
Accnet accounting software for inventory
This is the software owned by Lac Viet company with high security, ease of use and computer integration cloud. The software supports the collection, processing and management of different fields of enterprises and timely updates the regulations of the Ministry of Finance.
Accnet accounting software for inventory can be used on many operating systems
LinkQ accounting software is built with the famous programming tool C#.NET. The software's management model is suitable for businesses with systems from general companies - subsidiaries - small branches. The software has high flexibility, making it easy for accountants to edit and declare additional groups of information.
LinkQ accounting software is built with the famous programming tool C#.NET
The software can account and track types of currencies from many modules and integrates on different operating systems. In addition, the software also allows language customization so that accountants can use conveniently.Above is Viindoo’s brief introduction of some accounting software for inventory that are highly appreciated and bring the highest efficiency. Hopefully with this information, warehouse accountants have found the best solution for you and your business. If you have any question or demand a software using trial for Viindoo accounting software, contact the hotline +84 225 730 9838 for further information!