A customer who makes money could seem important, but the number of dollars does not tell you what a company makes from a customer. A big order might require the buyer to have frequent deliveries, discounts, returns, technical support or a longer payment period, all of which take resources away from ...

If the payment is duplicated, an unusual journal entry, or if the expense is misclassified, nothing will be noticed until month-end review. That becomes increasingly important as businesses make more and more transactions. Financial data is continuously analysed using AI to identify patterns that re...

In Pakistan, for retailers, restaurants and sales businesses, software is not just a record book of transactions anymore. The way of compliance with taxes is being integrated into the process of transaction itself. The rules for POS, ERP or invoicing integration through integrators approved by FBR h...

It’s possible for retail stores to deplete themselves of significant working capital without even knowing it. A product can be on a shelf for months, be reported as “in stock” and still have little impact on cash. These slow moving products are not just a storage problem, they can ...

Employee theft is one of the biggest challenges faced by retail businesses. All of these acts can lead to substantial losses in the long run, from improper discounts to bogus refunds, cash pilferage, or bogus inventory manipulation. Point of sale software is becoming the preferred method for retaile...

It’s an important time when a business expands to a second location. Three or four sites indicates a growth trend. However, once your business becomes five branches, managing daily operations becomes complex. Merchandise must flow from one store to another, financial data must remain up-to-dat...

The checkout counter in retail stores is a point of contact where a customer may interact with the business for its final time. Any of these three situations: long line, slow payment or price mistake, can ruin a good shopping experience in no time, transforming it into a bad one. However, a quick an...

Manual accounting is seen by many business owners as a cheaper option than software, as they do not need to buy software. It might appear to be a cost-effective solution at first glance to record transactions in a spreadsheet, paper ledgers, or handwritten books. The cost of manual bookkeeping may b...

Operating a single shop is difficult enough. Having five, ten, or fifty in different locations, with their own employees, stock, and cash registers, is another story. When a Pakistani business goes from a single outlet to a chain of outlets across the region or country, the turning point is typicall...

Income Tax filing has become more critical and challenging than ever in Pakistan. The Federal Board of Revenue (FBR) is on a mission to automate all tax processes, create real-time invoicing requirements, and enhance compliance verification with the tax filer. The days of businesses and individuals ...