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Cloud-Based Accounting Software Security Concerns

In the accounting software world, cloud accounting software is the latest technology. Because that software has lots of features such as easy to access, Mobile access, able to integrate with accounting software. A major advantage is security. Some other considerations to be put in mind while outsourcing accounting such as

Lack of physical control of servers

Data transmission

May affected by loopholes and exploits etc

Most important security concerns are

Physical hardware security

User account access

Multi-tenancy

Physical hardware security

The cloud service provider hosts the application and data on location. To access these data you have to connect the cloud accounting application via app or browser. If you don’t have physical access to control the security, you have to contact the cloud service provider to know about the data center security, data redundancy, back up procedures and processes. Do you want to know more about cloud accounting software? Visit the Cloud Accounting software Page.

User account access

User can able to access the data and functions present in the cloud-based application. Before using the cloud-based accounting software you have to know whether the accounts are audited, is it hard to disable accounts, etc. Cloud accounting software always provides custom user access levels to control data security. If you want identification point for user access, it is available as a beneficial feature to leverage.

Multi-tenancy

Cloud service providers share the hardware for hosting. This means they provide share space for multiple clients it may cause some hacking issues. If the hacker hacks another Company, your data also caught in the crossfire. So you have to contact the cloud service provider to keep your sensitive data in the private cloud. You can also use the API (Application Programming Interfaces) for security purpose. By using the API you can customize the cloud accounting experience.

These are the major security concerns with the cloud accounting software. Do you want to know more about cloud accounting software? Keep in touch with us!! We (User Basic Software) are the best accounting software provider in Singapore. We are offering various accounting software such as payroll software, POS Software, Custom solution software, Sage UBS Accounting software, MYOB software, etc. Book your software now!! Call us on +65-6746 2613 or +65-6227 1797 (9 Lines) and Email us on info@userbasicsoftware.com to get your software live demo!!

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Most Five Signs That Your Business Has Outgrown its Accounting Software

Most of the accounting software developed for small business accounting.  When the business grows, large scale business owners face some burden in handling the accounting. For in the case, you have to find the best financial management solutions to streamline your business accounting practices. Here we discuss five signs to find the best financial management solutions. Those signs are

Expanding Payroll

Need for Elaborate Reports

Inability to Customize

More Than 15,000 Transactions

Sluggish System

Expanding Payroll

When a business grows, business people hire some more people. In this case, you have to expand payroll software.   Some accounting packages will not support additional numbers. So you have to update your software from the best accounting software provider or else you have to manually handle the payroll is the best-case scenario. Get our EZ Payroll software to handle your employee payrolls.

Need for Elaborate Reports

For the financial report, accounting software provides some templates.  When the company grows, the business owners need to elaborate corporate reports to provide state regulations compliance.   These features are available in our EZ accounting software packages. Get your best financial report from our Singapore accounting software.

Inability to Customize

Accounting software provides limited access for financial accounting report customization that is field changing, column adjustments.  If you need a detailed report for the corporation and state tax department, you have to purchase the best accounting package. We also offer custom solution software for every business.

More Than 15,000 Transactions

For large scale business, you have to buy accounting software which supports transactions more than 15,000 transactions. That should rapidly increase transaction in the future. Get these features on your accounting software by reaching us!!

Sluggish System                                                  

After purchasing the accounting software which supports an increasing number of transaction, that system may become slow and bogged down. It may take the loading speed issue. To handle these issues you have to contact the Best accounting software provider in Singapore.

If you want to know more about the accounting software for your business, you can reach our accounting software support team to schedule a live demo!! We also offer various accounting software such as ERP Software, Quicken Software, Sage UBS Accounting software, Sage UBS Inventory software, EZ Accounting, EZ Payroll, EZ POS, etc.  To book your software live demo call us 65-6746 2613 or 65-6227 1797 (9 Lines) and Email us on sales@ezaccounting.com.sg

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Track Time and Integrate With Accounting Software

Employ time tracking is a difficult task for business people.  Business people need proper time tracking system to know how the employees spend their time in business hours to complete the single task or multiple tasks. If the time is not tracked properly they may lead to productivity issues, poor company morale, etc.

First, give a brief explanation about the time tracking to employees

Implementing the time tracking system in business is a critical task. So you have to clearly explain the benefits of the time tracking system. Such as

Improves the company workflow

Helps in recognitions

Big data for future strategy

Helps in finding the spot areas to capitalize on productivity

Then select the perfect time tracking program

Time tracking apps available with a lot of features such as integration, remote check, etc. Before purchasing the time tracking system for your business you have to ensure that the time tracking system can able to integrate with the accounting software.

Through the time tracking system you can simply manage the projects and analyze the profitability.

By tracking the time you know how much time is spent on the project and you can measure whether the specific project is profitable, costly to your company. You can also able to track the hung up situations in the project.

Time tracking APP provides notes to update the project status, expected and unexpected issues. Through these notes, you can analyze your client projects simply. This system also automates the payroll process.

This system helps in company workflow such as

You can able to understand your business functioning

Able to measure the employees’ performance based on their effort

Able to get the business overview

Based on these benefits you can simply do your decision making or reach your goals etc.

These features help you to find the unnecessary cost in their budget.

Do you want to integrate the time tracking system with your accounting software? Just schedule the appointment with us!! We also are providing the best accounting software for business people. That software is MYOB Accounting software, ERP Accounting software, Quicken software, Payroll software, Point of sale software, Sage UBS Accounting software, etc. Get your software live demo!! Ping us on + 65 6227 1797 / +65 6746 2613 and Email us on sales@onestopaccounting.com.sg

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ACCOUNTING TRENDS EVERY BUSINESS SHOULD FOLLOW IN THE YEAR 2019

With the advent of new technologies and developments around the globe, the global economic environment keeps on developing and thrives. Change, in this manner, turns into the new constant. As change turns into a need for organization development, an organization that keeps on reshaping their business processes and plan of action need to know about the latest accounting trends.

Accounting plays a major role in the business process.  Accounting function always provides more accurate and relevant information which helps in decision making.

Here we provide some of the current accounting trends for the business owners.

Cloud-based accounting solution

Cloud-based technology is the most important trend in the business world in 2019. In a Cloud-based accounting system, accounting software is run on the provider server and the financial information are accessed from everywhere through the internet. It also provides security for your financial information.

Automation of Accounting Function

Automation in accounting is one of the accounting trends in 2019 that is fueled by software technology. Accounting would now be able to be exceptionally automated without the requirement for significant physical intervention.  Latest accounting software minimizes the data entry works. This will prompt the effective use of capital and better resource management.

Integration of Accounting with Operations  

With the help of accounting software, one of the proceeding trends in accounting in 2019 is to integrate the accounting function.  This integration feature saves time by automating routine tasks.

Data Analysis

Data analysis is one of the key accounting trends in 2019. Based on the accounting information, the business decision is made.

Social Media Integration

Nowadays social media plays a major role in the technology world.  Now each and every business people and accounting professional prefers social media platform to communicate with their clients and colleagues to know about the latest business updates which may impact their work.

Changes in Accounting Standards

Accounting standards are regularly being revised and updated to stay aware of the occasions. Some of the accounting standards are developed before the advent of social media, ad-tech (digital advertising), and Shared economy (shared rides, lodging, etc.). This new plan of action significantly affects accounting. Accounting professionals need to stay aware of changes that are going on at a much faster pace than before. This trend will continue in 2019 and beyond.These are a few accounting trends in 2019.

To learn more about the accounting trends and Singapore accounting software keep touch with us!! To know about the accounting software features, book your software demo!! Call us (65) 6227 1797 / (65) 6742613 or Email us info@userbasicsoftware.com

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Enable SMB Growth Strategies Using Cloud Accounting Software

To maximize the benefits of small-medium business (SMB), SME’s should choose the perfect private vs. public cloud accounting software strategies.   In the accounting software market world, cloud accounting applications made a significant change.

To increase the revenues and to operate in a profitable way, cloud accounting software offers a competitive resource to the small and medium-sized business.

To access the business data and application resource anytime, anywhere over the internet you have to use the cloud accounting software.

Cloud migration enables the following things such as Agility, Cost control, Productivity, and Growth.

Agility:

Any time and everywhere access is the best feature for business people.

Cost Control:

Cloud has disrupted traditional software investment model which results following things such as

Subscription pricing

Balance operating expenses

Create more predictable expenses

Reduce technology support costs

Access economies of scale

Productivity:

On direct technology resource management, a certain amount of control determined to enable the internal labor forces to focus on core competencies.

Growth:

Through the enterprise-class functionality, the cloud offers simpler collaboration with supply chain and other business partners. It enables new opportunities for business growth.

How to Determine the Right Cloud Accounting Strategy

As a result of the substantial advantages it empowers, the decision making for SMBs isn’t whether to embrace cloud accounting software, yet how to do as such.

One of the difficulties of choosing the right cloud technique is essentially the amount of confusion surrounding the terminology and what “cloud” implies. It tends to be gathered up through a business case consideration of two significant components when deciding cloud methodology: who hosts the software and how client access is given.

Cloud Hosting Options: Private versus Public Cloud

In certain uses, “cloud” has turned out to be synonymous with provider-delivered, software-as-a-service (SaaS) model. Small and medium businesses looking for cloud functionality have a choice: self-hosted (private cloud) applications or provider-hosted (public cloud) options.

While both offer access to network accounting application assets to end-clients, private and public cloud methodologies offer altogether different value propositions.

Self- hosted (private) cloud:

Self-hosted cloud is the hosting of application on servers.  This kind of hosting option provides following things such as

Everywhere any time access

Security

Integration standards

Provider-hosted (public) cloud:

Provider-hosted cloud is the hosting of application on the outsourcing server. This kind of hosting option provides following things such as

Hardware and application support responsibilities

Minimize capital expense

Increase focus on organizational core competencies

These are the few cloud accounting software strategies to enable small medium business growth.  To learn more keep touch with us!! Buy your business software from us. Book your software at +6562271797 / +6567462613 or Email us at sales@ezaccounting.com.sg. Hurry up!!

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Simple Tips for Tracking Business Expenses and Income

As a business owner, you have to familiar with transaction tracking. However, are you monitoring your business expenses and income? Here you will get some tips to track the business expenses and income and their importance.

Tips for Tracking Business Expenses and Income

Open business bank account

Select an accounting method

Use accounting system

Open Business Bank Account

Startup business owner should create a business bank account to separate your business and personal funds. This will help you to track your business expenses and income which are helpful for tax purposes.

Every business doesn’t require a separate bank account for tracking business and personal funds. Having separate bank accounts may help you to track income and expenses for tax purposes.

Business owners can also able to open a business credit card to avoid mixing personal and business expenses. It also builds business credit.

Select an Accounting Method

First, you have to select the accounting method to track the income and expenses of the business.

There are two accounting methods such as

Cash Basis

Cash basis is one of the accounting methods to record the accounting transactions for small business.  In this kind of accounting method, expenses are recorded when cash is paid to supplier and income recorded when cash is received from the customer.

Accrual Basis

Accrual basis is one of the accounting methods to record accounting transactions. In this kind of accounting method, Income is recorded when earned and expenses are recorded when spend.

Note: Before selecting the accounting method you have to consider the size of your business.

Use the Accounting System

Accounting is a challenging task for small business owners. To get a realistic snapshot of your business financial health, you have to track your business expense and income accurately.

Here a few options provided to track the business expense and income.

Use A Spreadsheet

To track your business income and expense in the spreadsheet you have to put your complete control. You may make mistakes or forget to update the spreadsheet.

Hire Accountant

You can hire an accountant to keep track of the business income and expense. You can generally take over once you have a better grasp on how to track your income and expenses.

Use Singapore Accounting Software

You can also use online accounting software to streamline the accounting process. It saves time and makes your business income and expenses tracking process simple. You can also use the cloud-based software to handle the account payable, account receivable and other transaction from everywhere.

To know more about the business expense and income tracking keep touch with our blog posts. Are you interested to use accounting software for your business? Book your software now!! Call us 65-6746 2613 or 65-6227 1797 or Email us sales@onestopaccounting.com

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Know About The ERP And Accounting Software

With the help of “User basic software” software providers, you can able to manage financial information using the ERP and customized accounting software that provides stress-free accounting. In this article, you will know about the ERP and Accounting software.

While the best free accounting software manages the company’s accounts or how your money moves,

You can able to track the inventory, tangible and intangible assets, invoicing, order fulfillment, etc by using the Enterprise resource planner (ERP) that also manage the accounting issues which are not managed in accounting. In the accounting process, you can able to deal with the general ledger, account payable, account receivable, payroll, etc.

With the help of User Basic Software accounting software provider

Looking for the best online accounting software for your business? User basic software is the best accounting software provider in Singapore. We guide you to manage the financial data and to generate the invoice and guide you in every aspect of the accounting software. We also help you in handling the accounting software especially ERP tool. Through the ERP tool, you can connect with your website viewer and also able to see the ERP’s activity timeline, marketing campaign.

The accounting software has restricted or basic inventory tracking

ERP system is sufficiently adaptable to set the clients free from the shackles in bookkeeping software. ERP software always increases the accuracy and customer services of your business and reduces the stock carrying costs, inventory write-offs, labor costs, etc. To make a faster and accurate decision on inventory management, ERP’s inventory management module helps you a lot.

While both are significant for your business in their own unique ways, the ERP is more flexible than accounting software and gives you a chance to handle in various tasks convenient way.  In any case, you can ask User basic software specialists to create custom solution software with ERP and accounting software features for the best of both software solutions.

We also provide various accounting software for SMEs. Such software is EZ Payroll, EZ Accounting, Point of sale, Inventory software, custom solution software, MYOB software, Quicken software, and PSG Grant Singapore, etc. To book your software demo call us at +65-6746 2613 or +65-6227 1797 and Email us at info@userbasicsoftware.com. Get the best deals with us!! Hurry up!!

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Factor to consider when choosing online accounting software

Choosing the perfect online accounting software/service is not a simple task. While choosing online accounting software/service, you have to give more attention.  Before choosing the online accounting software/service you have to know what is our company requirement. Then you have to consider the following factors for online accounting software/service selection such as

The Level of Online Accounting Services You Need

Local Online Accounting Firm

Software Technology and Security

Your Online Accounting Company’s Hiring Practices

Factor 1: The Level of Online Accounting Services You Need

First, you have to know your business requirements. Based on that, you have to select a suitable type of online accounting service. Most of the people spend a higher cost for a bookkeeper on a daily basis. To reduce such extra cost you have to choose the perfect accounting software for your business. If you want monthly, weekly, daily online accounting services, you can customize your package according to your budget.

Factor 2: Local Online Accounting Firm

If you are worried about the never meeting your virtual bookkeeper, it is the best time to select local online accounting firm service. In this case, you can choose EZ Accounting a Singapore accounting company that offers some software such as Sage UBS, MYOB, QUICKEN and EZ Accounting range of software. Our team works together and providing the best accounting solution for the customer.

Factor 3: Software Technology and Security

While choosing the online accounting service, small business people look for secure and advance technology. EZ Accounting Pte Ltd always provides certified and secure facilities to protect the data. For data protection, we use SSL encryption and cloud-based system.

Factor 4: Your Online Accounting Company’s Hiring Practices

When you are paying for quality, you have to guarantee that your quality work is being done just by our accounting software. Select online accounting companies provide the best accounting software that deals with your financial information and online reporting.

To know more about us you can visit us at No: 1 accounting software Provider. We offer various accounting software such as EZ Accounting, EZ Inventory, EZ Payroll, Sage UBS Accounting software, MYOB, Quicken. Learn from here to know about the current Productivity Solution Grant Update. To book your accounting software demo call us at +6562271797 / +6567462613 or Email us at sales@ezaccounting.com.sg. Hurry up!!

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Main Reasons to choose cloud accounting software for small business

Small business owners aim to make their small business to big leagues. But they face many challenges to achieve them. To overcome those challenges they should develop along with technology in constant progression.

In a competitive market, cloud-based software is one of the greatest technologies to guide small businesses to find their competition. This kind of software removes the business chaos which comes from paperwork and performs the business operations rapidly. In this post, we discuss reasons to explain why you want to integrate cloud-based software for your small business.

Faster Operations

To stay in the competition you have to perform your business daily operations fast. If you are following old-fashioned techniques to record the financial transaction, it is very hard to compare your business performance. For these purposes, you have to use cloud-based accounting software.

You can simply identify business problems by integrating cloud-based software.  Cloud-based software provides the solution to secure, share and access your business financial data. It also provides streamlined communication that makes employees and staff personnel convocation simpler.

The Rise of Business Intelligence

The small business problem can be resolved by using cloud-based technology. But in the traditional pen and paper method, problem-solving is impossible. This kind of cloud-based software helps you in analyzing market trends, opportunities, etc.  It also helps you to find the employees productivity, market value of your product, etc.

Improve Productivity

When you start using the automated system that sorts out each and every aspect of your business, then your business is undoubtedly improving productivity. Real-time financial transactions are securely stored in the cloud by using the cloud-based accounting software which is safe to use.

Reduced Costs

Cloud-based software helps to reduce the cost.  If you are using cloud computing technology for data access, then you don’t have to invest in a hardware component.  Cloud-based software is always faster than other resources. It makes work simpler.

These are the main reasons to choose cloud-based software for small business. Are you decided to use cloud-based software for small business? Just book your appointment for the demo!! Ring us at or Email us

sales@onestopaccounting.com

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Accounting software Singapore

Most of the SMEs don’t have a dedicated accountant to track the accounts and perform the accounting operations for their business. But every business should keep track of cash flow management.  Without this imperative component, your business management is questionable. So we prefer accounting software to SME’s for accounting purpose. In today’s business world, most of the business people start using multifunctional accounting software to handle business finances. Then SMEs can simply manage their profits for a successful business.

Singapore Government has launched the iSPRINT (Increase SME Productivity with Infocomm Adoption & Transformation) scheme that provides 70% grant for accounting software. This grant helps you to purchase the accounting software but you need trainings for software integration.

The iSRINT grant will be granted to SMEs dependent on:

Ensure whether they have any accounting software in existence

Size of the business

The complexity of business operations

Examination against the mean expense of similar accounting software

Through this scheme, active Singaporean company will get 60 % of the cost of the accounting software and also get a tax deduction on the software cost.

you will get the following advantages in your business by using the accounting software

Accurate Tax Filing

Business owners want to error-free annual income tax returns. While filling tax report the accounting software extracts the financial information from the records and such data can be represented as profit and loss statement and balance sheet.

Point of Sales Support

Retail business owners always think to reduce their workload. So we prefer accounting software which works as an automated system to manage the retail finances and track the point of sale. By using the accounting software retail business, you can simply answer the following questions such as

Which are today sales?

What is the current inventory state?

How does the salesperson perform?

To answer the above question you need proper billing and inventory management system. For a retail business, billing system and analytical report play an important role.

Do you want to learn more about Singapore accounting software? Visit our site: We also provide various accounting software for business people such as Point of sale, Inventory management software, payroll software, UBS accounting software, etc.  To get your software book your appointment with us!! Call us +65-6746 2613 or +65-6227 1797 or Email us info@userbasicsoftware.com

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MYOB Essentials Accounting vs. Xero

Online accounting is the most important thing for every business. Through the online accounting software, you can access your business data through the network from everywhere. So the accounting softwarecompanies continuously improve their software for SMEs.

MYOB Essentials Accounting provides an online accounting solution for small to large scale business and this software is the rebranded version of MYOB Live Accounts. By using this software, you can easily manage the tax, invoicing, payroll and reports.

Xero software is cloud-based software for small to medium-sized businesses. By using this software, you can manage the invoice, accounts payable, purchase orders and reports. Through this software, you can automatically import the bank and credit card statements.

Let us compare the MYOB Essentials accounting and the Xero software in this post.

Dashboards

MYOB Essentials accounting dashboards are designed well and easy to access. Tasks and top menu bar are available in the dashboards. So you can navigate easily. This dashboard also provides a screenshot of cash in, cash out and account balance.

Xero dashboard is the graph based dashboard. To know the detail information you have clink on the menu bar of each graph. And the tasks are listed under the tabs.

Bank Feeds

MYOB: To provide a reliable and secure feed, MYOB uses Bank Link server. MYOB internally process the data for accuracy. Then such data will be uploaded into the MYOB file.

Xero: Two types of feed used in the Xero. Xero is establishing a bank relationship and to import the feeds directly. And it used the Yodlee, which is a third-party provider. Yodlee sends the transaction details to Xero by login into the user bank profile.

Inventory

Both MYOB Essential accounting and Xero having an inventory tracking feature. In both systems, inventory items are tracked for sale and purchase. But inventory levels are not able to track.  For advanced inventory management, you can integrate the third party products.

Payroll

MYOB Essential Accounting allows unlimited employees in the payroll that is easy to use. But in Xero, only one employee can able to access. Based on the package, employees can able to access the payroll.

These are the few comparisons between MYOB Essential Accounting and Xero software. To know more about the MYOB keep touch with us!! EZ Accounting software is leading the accounting software provider in Singapore. We also provide various Singapore accounting software such as UBS Accounting software, Point of sale, Payroll, Inventory software, MYOB and Quicken software, etc. Do you want to book your software live demo? Call us +6562271797 / +6567462613 or Email sales@ezaccounting.com.sg. Hurry up!!

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Learn about the eCommerce Inventory Management Process

In the eCommerce business, Inventory management plays a major role.  Through inventory management, you can able to track and manage the inventory. With the help of inventory management software, you can deliver your client products on time without any delays. It also helps you to ensure the products optimum stock.

Inventory Management Helps Prevent Time Lag  

To resolve the time lag issue in the eCommerce business, you have to use inventory management software. Customer satisfaction is an essential one to stay in the competitive business world.

eCommerce Inventory Management Process

Every eCommerce business owners should know the process and also understand the best practices. After that only they should implement the process without any doubts. In today’s technology world, most of the people prefer to use computer-based inventory management systems for their eCommerce business. Through automatic inventory tracking features, you can able to track the orders, sales, and deliveries.

Proper Supply Chain Analysis for Proper Inventory Management

In the online retail business, you have to understand the inventory management and then you have to track everything ranging from raw materials, shipping, and packaging details. And then you have to analysis customer demands to manage the inventory.

Real-time inventory updates play a major role in inventory management. This inventory update prevents you from the risk of overselling products. For a new retail business, excess inventory is the major problem. So you have to utilize this feature at least once a day.

Aspects of eCommerce Inventory Management

Drop shipping is the best way to start an eCommerce business. Drop shipping playing a major role in eCommerce inventory management. In this process, you don’t need to excess inventory in your hand. Instead of that, you can communicate with your supplier to get more products.

Forecasting plays a significant role in eCommerce inventory management. It provides an idea of the nature of demand. According to that, you can able to stock your inventory items. To know the demand you have to conduct statistical surveying or you have to monitor your customer purchase for a particular time period.

We hope that you definitely learned about eCommerce inventory management. If you want to know more about the inventory software you can read from here: Specification of Billing and Inventory Management System. Are you looking for Singapore accounting software for your business? You can book your software through the call 65-6746 2613 or 65-6227 1797 or Email sales@onestopaccounting.com

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Know About The New Productivity Solutions Grant

Talking at the Budget 2018, the Singapore Government has referenced that new grant will be taken off to help organizations, especially for technological solutions.

Generally, productivity solution grant (PSG) provides fund for a business organization to improve business productivity. And new productivity solutions grant aim also to implement solutions to improve business productivity. And PSG has three grants such as

Spring Singapore’s Innovation and Capability Voucher

National Parks Board’s Landscape Productivity Grant

Infocomm and Media Development Authority’s SMEs Go Digital Program

As per the Ministry of Trade and Industry, an underlying S$110 million will be put aside in the following three years to help organizations on chose productivity solutions. And the grant will be applicable for the following business such as food, logistics, wholesale and landscaping industries. And the grant aims to provide fund solutions for human resource management systems like Gpayroll.

PSG provides 70 percent funding support for the Singapore companies. Moreover, caps on the grant have been raised from earlier years and caps are explicit for every industry also.

The separate agency is assigned to select the PSG fund solutions and equipment. That agency should responsible for their industry.  For example, a Small and Medium-sized Enterprise (SME) organization executing a payroll management system, that is Gpayroll may get subsidy which is endorsed by the government.

In the new PSG Grant, previous grants and schemes are consolidated. Those are Capability Development Grant (CDG) and Global Company Partnership (GCP) schemes which are now combined and formed as Enterprise development grant.

Both the combination of these two schemes or individual schemes gives progressively all-encompassing help to organizations that can utilize the same grant to upgrade. Now the local SMEs grants rose from 50 to 70 percent under these two schemes.  And this support extended until the end of the financial year 2019.

Non-SMEs can also able to get a subsidizing of up to 50 percent under the GCP and up to 30 percent under the CDG. Through the Business Grants Portal (BGP), Singapore companies can apply for the new productivity solutions grant.

If you need more information on PSG and Funding Eligibility you can read it from this blog: Productivity Solutions Grant (PSG) Singapore

Use basic software is the leading accounting software provider in Singapore. We also provide various accounting software such as Sage UBS Accounting software, Payroll, Point of sale software, quicken software, inventory software, etc. To book your software live demo call us at +65-6746 2613 or +65-6227 1797 or Email us at info@userbasicsoftware.com. Hurry up!!

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Business Decision Making with POS System

Point of sale software plays a major role in handling and understanding your business. And it acts as a hub of operations. POS operations are sales conducting, inventory management, employee tracking, etc. by using the Point of sale software for your business; you can simply increase the overall performance of your business.

Is the POS helps in Decision Making?

Most of the business owners prefer cloud-based Point of Sale system which can be accessed through the network connection from everywhere and anytime. In your cloud-based POS system, the business information is stored for the future. Your system stores the following information for your business that helps you in decision making. Such information is Sales transactions, Inventory, and employee tracking. Point of sale software analyze this information and generate the report. Based on these reports you will get a clear picture of your business performance that will help you in decision making.

POS Helps in Decision Making

Sales / Transactions

To understand your business sales performance you have to know where the sales conducted. By tracking the sales and transaction information you will know the following details such as one-day sales, gross profit, and profit margin. This information helps you to track profitability and generate revenue. Through the sales tracking information, you can easily identify the best and worst selling products.

Inventory Management

Based on the sales and transaction tracking report you can easily find the most popular products. Based on such report you can stock that inventory to handle the demand. Through the inventory reports, you can easily manage the current cash flow situation.

Loss Prevention

Point of sale software helps you to find the inventory shrinkage problem. In the retail business, there are much loss can occur. So you have to check the following things also. Such as

Supplier invoice

Staff hours and schedules

Register activity

Other Security measures also

Employee hours and Shifts

Through the POS system, you can able to identify the best busiest working day, busiest sales hours. Based on this report you can allocate more sales person to work at the busiest work time that helps you to increase the business profits. And you can also able to identify the less performing employee and then able to set up a training session for them.

Marketing

In your Point of sale software, you can able to create a profile for the customers. Through the profile, you can track the customer purchase history. Based on these you can make the decision on your selling products.

Still having any doubts you can call us +6562271797 / +6567462613 or Email sales@ezaccounting.com.sg. We are the best Singapore accounting software, provider. And we offer various Accounting software, Inventory software, Point of sale software, Payroll software, MYOB software, and UBS Accounting software, etc.