Advantages of relying on integrated professional accounting programs

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Blog / Tech News

Companies that want to grow their business are looking for integrated professional accounting programs in order to develop their administrative side in the best ways and tools, especially those that have become dependent on technology and the latest artificial intelligence technologies.
The competitive market is witnessing many accounting programs and they have become widely spread, especially in our Arab world. Professional and integrated accounting programs provide a set of advantages and benefits for companies and various commercial activities, helping them achieve their goals and enhance their growth faster and more efficiently.

In this article, we will help you learn about what using accounting programs within your company can offer you, and how does this benefit your business from an administrative and practical point of view?

What is the importance of an integrated accounting program?
Companies' use of integrated accounting programs is one of the most important causes of success and growth in the labor market, especially those programs that provide the advantages of linking with inventory management and electronic invoicing. Linking these three processors helps save time and reduce costs, due to the advantages offered by specific accounting programs, which are as follows:
Inventory management
You can rely on inventory management by using accounting programs in the following tasks:
Creating a database for all the company's products, creating a file for each product containing a description of the product, the available quantity, and assigning classifications for each product, such as colors, for example, and other classifications.
Creating a barcode for each product to facilitate the process of importing products into different processors, such as creating invoices and issuing reports related to each product separately and recording sales and supply operations.
Issuing reports related to the inventory management process easily and quickly, such as inventory reports, product balance reports, stagnant product reports, and other reports.
The ability to link more than one warehouse to facilitate the process of monitoring and tracking workflow tasks in different warehouses without the need to waste a lot of time implementing these procedures as was the case previously.
Linking with financial and accounting programs to facilitate many tasks, especially those related to product purchase orders from suppliers.
Create alerts and notifications related to the near end of stock to start ordering products that are about to run out.
Track product ordering processes from the warehouse and the timing of their preparation and delivery to shipping companies and link them with sales operations.
Easily record returns and their status and identify any problems related to them to solve them immediately.

Financial and accounting management
Using integrated professional accounting programs in your financial management tasks contributes to achieving the following:
Reducing the many errors that may occur as a result of manually recording various financial data such as daily entries, expense and revenue data, etc. Now the registration process on the program only requires recording the basic data and the program performs the various processes related to each process easily, accurately and efficiently.
Issuing various financial reports such as daily entries reports, balance sheet reports, financial reports of different periods, tax reports and other various financial and accounting reports.
The ability to create a special account for each customer dealt with and assign his payment methods and create alerts related to payment dates and send them to the customer to remind him either via email or SMS.
Create files for the company's product suppliers or raw material suppliers. The file contains their data and the data of the products ordered through them, the prices of those products, and the method of dealing with suppliers in terms of payment methods, etc.

Create an accounting tree that links the company's various accounts to easily track its movement and balances.

Create various financial statements and reports based on financial analyses.

Electronic invoicing
An electronic invoice is a digital document that is easily created electronically to record sales and purchases. Electronic invoicing used by relying on accounting programs provides many advantages to companies, including:
Create invoices easily by importing products via the barcode of each product easily and specifying the required quantity, then print the invoice or send it directly to customers via email.
Assign serial numbers to invoices and link them to purchase orders and sales transactions to facilitate the tracking and review process.
Electronic invoicing used through accounting programs depends on linking with the Tax Authority.
Create tax notices and value-added tax notices and send them to customers and suppliers.
Obtain electronic signatures easily through the flow of automated workflow tasks electronically to reduce the time spent on those processes.
The ability to modify the form of the invoice through the program.
By relying on cloud accounting programs, you can collect invoices at any time by linking with different payment methods, without the need to wait as before, with the possibility of instant and electronic updating of customer accounts upon payment without the need to conduct those transactions manually.



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Category: Tech News , ERP , POS

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