Construction companies deal with several different aspects simultaneously. Materials are delivered to various locations, subcontractors bill, labor rates fluctuate and project costs keep climbing as projects go on. When these activities are tracked on spreadsheets, in paper and in different accounti...

How to select ERP for business is a very important question to make for any business, be it in retail, distribution, manufacturing, services or SMEs. The best ERP systems bring together a range of functions such as accounting, inventory and HR. While demos and pricing are important, make sure to hav...

Bakery Software: Daily Production, Wastage and Counter Sales in One System Operating a bakery business is more than just about the cake, bread, biscuits and more things that are baked. Every day, bakery owners need to make decisions on their production quantities, keep track of their ingredients, fi...

Possessing a jewellery shop isn’t just about selling items, it’s likewise about understanding the ups and downs of gold rates, the purity of the items, weights, making charges, wastage and high worth stock. Manual management can result in errors and difficulties in profitability tracking...

A software house rarely sells one thing. There is project work billed against milestones, a handful of monthly retainers, hosting and licences resold at a margin, and often a marketing service attached to the builds. Each of those earns money differently. That is the point where invoicing software s...

Marketing is usually one of the three largest controllable costs in a business, and it is almost always the worst recorded. Open most ledgers and you will find a single account called Marketing with everything inside it: ad account top ups, a designer’s invoice, banner printing, an agency retainer...

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 ...