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Online Accounting Software Small Business Accounting

Accounting Software for Manufacturing Businesses

Essential functions of accounting software 

Running a manufacturing business is no easy feat and is very challenging to manage. With lots of uncertainties in the demand, production difficulties, fluctuating of raw material pricings becomes very tedious to manage production effectively without affecting profitability. It is very important to keep accurate track of production costs and understand which products are making profits and which ones are not making enough revenue. Fortunately there are modern accounting apps like myBooks which makes it very easy to manage manufacturing business with limited resources. These apps not only makes it seamless to manage your books but also help in manufacturing aspects of your business. 

myBooks functions for Manufacturing Business 

One of the primary aspects of the manufacturing business is the production itself. It involves the actual production of goods. It is very important to record the raw materials consumed, production costs involved in the production to accurately determine the cost of produced goods.   

Production Orders 

myBooks lets efficiently manage and accurately determine production costs with the production order. It is a very simple transaction to document the raw materials consumed and production costs incurred. Finished goods produced and costs of the produced goods will be automatically calculated with this information. Additionally, inventory management is directly integrated with production orders, it will automatically keep track of inventory stock for raw materials and finished goods. Further, it is possible to manage batch/lot of serial numbers for produced goods. 

Selling & Procurement 

Selling produced goods and procuring raw materials is critical to any business, not just the manufacturing business. myBooks manage this efficiently with the least amount of time required to manage them. You can create sales orders, deliveries, Invoices with a click of a button. While creating these documents, you can accurately determine the stock available for these materials once sold, inventory will be reduced and pricing will determined based on the FIFO( First-in First-out ) Stock movement. Similarly procuring goods for the business is also very easy. You can create purchase orders and purchase bills to procure from your vendor. Once bills is created, inventory will be automatically increased based on the purchase bill. 

Profitability Tracking 

Primary business for-profit business is of course profitability. myBooks will let you easily manage the profitability of the manufacturing business by automatically capturing costs involved in the transactions and determine the profitability of every sale. For every sales automatically calculates the cost of goods sales automatically you can run the order profitability report to automatically determine the gross profit of the orders. Additionally, you can also run the profit & loss by-product, you can accurately determine the profits of every product that has been sold and identify the most and least profitable products. Also, you can profit & loss report by the customer as well.  

As you can see myBooks lets you manage every aspect of your manufacturing business additionally it also manages regular aspects of accounting like expenses, reporting, etc with the least amount of time. myBooks is designed to be used by busy business owners with little or no training required. Check out myBooks for your business today with a free trial. 

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myBooks Online Accounting Software

Inventory Management with myBooks

Learn more about the inventory management capabilities of myBooks 

myBooks has fully functional inventory management built right inside accounting software, you will not need a separate app or software to manage your inventories. Stock movement will be captured seamlessly inside myBooks. Additionally, it has FIFO(First-in First-out) costing method for inventory stock automatically. You will get accurate costing details for stock movements. Read further to understand the complete functionality of myBooks inventory management.  

Setting up Inventory 

Setting up Inventory is very easy inside myBooks. While creating your products or items inside myBooks, You can set a flag to automatically track inventory. Additionally, you can also set opening balance stock quantity 

Also if you have a lot of opening stock, you can easily upload them through a file upload.  

Goods Receipt 

Managing inbound inventory is seamless with myBooks. Whether you procure or produce your inventory, tracking your inbound stock is very easy. For eg, if you are procuring stock from an outside vendor, you can easily create a purchase bill, with the inventory stock and price you are purchasing it for. myBooks will automatically increase the quantity in hand in addition to that. It will also track the purchase price of that stock with accurate FIFO costing.  

In case you are producing the stock in-house, you can easily create a production order to track the produced inventory. Select the raw materials consumed for the inventory and manufacturing cost involved in the production. Also, enter the finished goods produced, myBooks will automatically calculate the cost of the finished good and also increase the stock quantity in hand.  

Goods Issue 

Also, outbound stock movement is also effortless to track with myBooks. You can create deliveries or invoices with deliveries to record the stock movement outward. While creating invoices, myBooks will automatically show the stock in hand. Additionally, it will also accurately calculate the cost involved in the sale, you can see the actual profit for each invoice that you are selling. Further, you can also create standalone deliveries without invoices to track the outbound stock movement.  

Stock Adjustments 

myBooks additionally have inventory adjustment functionality to adjust the stock easily to update lost or expired inventory. You can create inventory adjustments for stock increase or decrease easily in myBooks inventory adjustments. 

Inventory Reports 

It will be like flying blind without details reports to keep track of inventory. myBooks offers robust reporting capabilities to track Inventory. It has an inventory summary report and inventory details report. 

Inventory Valuation Summary 

This report shows the inventory stock balance as on a specific date, also the value of the inventory stock as per the FIFO method.   

Inventory Valuation Details 

Inventory valuation report will show the detailed stock movements with cost and sales price over the period of time. You can track when the inventory was purchased or produced and when it was sold also at the price.  

As you can see you can manage your entire inventory seamlessly with myBooks and track the inward and outward movement of stock as you make the transaction without any separate effort to track the inventory. Additionally, the profitability of inventory stock sales also could be tracked easily with FIFO costing method built right inside myBooks. Please try out myBooks today! 

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Online Accounting Software Small Business Accounting

Best Alternative for Vyapar Accounting App

Check out the best alternative option for Vyapar accounting app in PC, iOS and Android 

First Vyapar is a good accounting app available as desktop accounting software and mobile accounting app on Android. However, it is not yet available in iOS and Web versions. Check out here best alternatives for Vyapar Accounting App. We evaluated on parameters whether it is available on all platforms like Web, Android, and iOS. Also, the app should support inventory management, full sales, and purchase transactions in addition to that it should be cost-effective and affordable to be managed by small and medium businesses. 

myBooks 

myBooks accounting app is an excellent accounting solution for small and medium-sized businesses. First, it is completely online software so you can access it anywhere and anytime. Additionally, it has excellent mobile apps for android and iOS App. Further, it supports multiple users to operate the account with different access levels, So you can provide access to create billing for billing users without exposing sensitive data. Also, it comes full inventory management, estimates, purchasing transactions all from a single application. Making it an excellent alternative for Vyapar accounting app for platforms in iOS, Android, and PC. myBooks is very affordable for even very small and micro businesses, making it the most viable alternative for Vyapar accounting app. Read more about myBooks accounting app and why it is an excellent alternative Vyapar App. It is very easy to use and can be used by business owners and other staff without training or accounting background. It has a very good user interface which is very easy and fun to use. It has advanced features like pricing lists, customized user roles, etc. It is cloud-based accounting software with no need for additional backup. It integrates with payment providers to receive online payments. Additionally, you can connect your bank for easier to fetch your bank transactions and reconcile them against myBooks.  

Tally 

Tally accounting software is also a good accounting solution. It is one of the most-used accounting software in India. It has fully functional desktop software with mobile add-ons. It supports inventory management and other accounting functions. However, it requires good knowledge to operate the software. Often accounting degree or prior training is required to operate the software. Additionally, the user interface is complicated or outdated compared to other modern cloud accounting software. The further frequent backup may be required to avoid data loss due to system crashes.  

Zoho Books 

Zoho books is a very good cloud-based accounting software and a good alternative for the Vyapar app. It is available for web, Android, and iOS. It supports all functions of accounting, sales, and purchase for small and medium businesses. However, it is very expensive compared to other accounting options available in the market. Zoho books also integrate with 3rd Party apps like payment gateways and banking etc.  

Our recommendation will be to try out myBooks, it is the best value for the money and has all the best features required for small and medium-sized businesses. Check out myBooks for a free 30 days trial here.  

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Online Accounting Software

Easy and Simple tips to maintain your business accounting

Accounting is the most valuable way to display the financial health of the business. Whether you are running a small business or own a big band; it is always important to make efforts to keep track of profits, losses, and expenses.

Many business owners prefer to hire a team of experts to manage their financial health; however, the manual efforts often lead to some unavoidable errors. Moreover, when your business starts growing, it undergoes some complex scenarios with more customers, gigantic ledger records and huge operational budget. In this scenario, it is important to find an automated solution to manage your business account.

Although the market is loaded with plenty of software tools that can help you manage all the accounting details, it is always recommended to go ahead with the most reliable and trustworthy solution. One of the best solutions to handle all your accounting needs with higher security levels is myBooks by Zetran. This Simple Accounting Software tool is loaded with plenty of amazing features. With leading technology, you will find it safe and reliable to take your business on the path of growth.

Amazing features of myBooks accounting software:

myBooks is basically a cloud-based accounting solution that is designed to serve midsize and small businesses. It covers a wide range of audience including freelancers, entrepreneurs, small IT and financial companies, small business owners and solo accountants as well. myBooks Accounting Software has amazing accounting tools for the management of routine business expenses, invoices, bills, and many other financial transactions.

Here we have listed a few important features that rate it high among many other competitive business account management software in the market:

  • Simplified Process:

With traditional procedures, the accounting management can be a daunting task; especially for medium and small businesses that cannot hire a special team for financial health. Well, Easy Accounting Software gives them more peace of mind so that they can focus on other essential tasks of their business.

  • High-Grade Security:

This amazing financial book-keeping software tool provides enhanced security for all your accounts and financial transactions. You can rely on this tool as it makes accounting management safe at every level.

  • Multi-Currency Transactions:

Another amazing feature of myBooks is its ability to manage multi-currency transactions. It means you need not restrict your business to the specific demographic area; rather, you can scale it overseas without worrying about financial management.

  • Interactive Dashboard:

How can we forget to talk about the interactive dashboard? myBooks Accounting Software tool offers handy tools for analytics that can make your accounting much convenient and reliable. Moreover, these insights are easier to understand.

  • Easy Configuration and Setup:

There is no need to gain special skills to manage and use this software. It is designed for non-tech-savvy people. Anyone can configure and set up this software by following a few simple steps, and soon it will be ready to handle all your accounting requirements.

In short, these incredible features of myBooks can help you to manage your business accounting needs with ease. It is the right time to get this affordable and simple accounting software for small business to handle all your financial transactions online.

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myBooks Online Accounting Software

Which is the Best Accounting Software for Small Businesses?

When running a small business, it is often challenging to manage expenses and maintain a financial book. That’s when you need the help of functional cloud-based accounting software to help you run your business smoothly from anywhere.

For small business owners, managing their firm’s accounting system and maintaining financial book is essential for keeping a check on the amount payable and receivable. But managing all the financial data manually is not possible. Therefore, you require myBooks, practical and highly-customizable accounting software to utilize your business’ day-to-day functions with ease.

Besides financial management, it even integrates a multitude of other applications and programs to run your business effortlessly. MyBooks by Zetran is designed to let users import and export their financial data from different applications and even track various business functions. All thanks to its integration capabilities, you can easily house all the crucial data in one accessible and user-friendly space.

Customization

myBooks has easy customization capabilities for enabling users to easily track down various business activities, as per their individual business requirements. A fashion store may have different software requirements than a shoe brand. Therefore, myBooks allows users to get their software custom-made to easily integrate automation and essential business-related features.

myBooks can even communicate with multiple online systems. So, there is every chance left for users to make any errors while entering data. This ultimately saves their time, as there is no need to re-enter data on multiple platforms.

Real-Time Reporting

myBooks is focused on offering real-time, comprehensive financial reporting. These financial reports allow users to see a big picture while analyzing a company’s monetary solutions. Being the best QuickBooks alternative, myBooks is highly advanced and also offers unconventional accounting in the form of “multidimensional” charts.

Ease of Use

With myBooks, everything becomes easily accessible, as it’s easy to use through its simple user-friendly dashboard. Its interface is very intuitive and even provides snapshots of different information, such as overdue invoices and income, as well as profits/losses. However, ease of use means it’s easy to screw up.

Using this software, you can even close the prior periods by entering a closing date. However, you can go back to enter the data even of those close periods if you know your closing password. This makes the auditing process simple, quick, and painless.

Automation

It is considered the best QuickBooks online alternative for a good reason, which is easy integration and automation. It allows you easy integration of various features by automating reporting, payments, reconciliation, and other processes for increasing efficiency.

Customer Service

myBooks provides 24/7 customer service and this is great for small business owners that work almost 24 hours per day. They easily get accounting software convenience with 24/7 availability.

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Online Accounting Software Small Business Accounting

3 Important Features Your Accounting Software Must Have

Small businesses need efficient accounting software that is also easy on their pocket to make their business successful. However, choosing the right accounting software for small business is easier said than done. There are a lot of important features that a small business needs to check before installing accounting software. Thanks to the advancement of technology and security, small businesses can choose software that is safe and reliable. The best part is the accounting software also provides 24X7 support to the users. So, in this blog, we discuss the important features you need to check in accounting software.

1. Simplified Accounting

Whether you have a small or a multi-million business, accounting is a daunting task. This is the reason why you need to opt for accounting software that uses simplified methods. Accounting software provided by companies such as Zetran takes care of all the accounting needs of a small business in a simplified way for the convenience of the users.

2. 24X7 Support

This is another important factor that you need to consider when looking for accounting software. However, vendors such as Zetran provide 24/7 support to the users so that you don’t face any problems. Most of the vendors provide assistance to users through various modes such as email, phone, and online support. Make sure you also read the reviews about the experience of the users with customer support before making the final decision.

3. Enhanced Security

A business depends on accounting software for its existence. If the business data is lost or tampered with, a business will lose time, money and business secrets. The damage may be severe enough and lead to a severe loss. This is the reason why when selecting a vendor ensures that they provide you with complete information about the built-in security of the software and on-site safeguards such as network firewalls and anti-malware technology.

Though all accounting software may appear the same, there are certain core attributes that help in making your business a success. So, when looking for small business accounting software, make sure you check the features mentioned above before making the final decision.