Why restaurant owner require best restaurant billing software in India?

Nowadays, cash payments are becoming a thing of the past. Whether booking a cab or paying rent, covering medical costs or shopping for groceries, most of us have chosen to go cashless in your day to day transactions. 

Convenience for make payments is a big point for any customers, and restaurants that take care of this easily stand apart from their competitors. With this payment software solutions, you can also assume more efficient processes for your restaurant. Restaurant billing software helps you in delivering faster services at scale with minimal slips in your quality, all while also cutting costs.

Restaurant billing software

Assess Your Current Billing System

The first point improving your restaurant billing software system is by understanding its current capabilities and shortcomings. How your system allows you[Your Pay Attention] to manage your payments, and if it automates data entry or not. By taking a look at your current payment methods, your accepted kinds of payment, and your costs, you can know exactly what works. More, you will be able to take the required steps to improve your restaurant billing software system accordingly.

Review payment methods

If your current billing system doesn’t accept cash and maybe a type or two of credit cards, then looking into additional solutions that will allow you to accept more payment types will be an improvement. Thus, customers will have a greater chance of making a payment since they will be able to have the convenience of choosing the easy way for them to cover their expenses. Here are a few easy software solutions that you can consider when evaluating the various payment methods, you can make available to your customers. 

Mobile Merchant Payment Solutions

Mobile payment solutions can manner your payment through mobile POS devices. You can also use mobile card readers to use your mobile phone as a POS device. This is easy to suitable for restaurants that perform deliveries or do popups.

Virtual Terminals for Card Processing

This method of payments can be taken over the register or the phone by taking your clients payment card details. It is suitable for traditional restaurants that may also do deliveries. Since they do not need conventional POS, they are also rather helpful for mobile restaurants.

Online Payment Gateways

Payment gateway helps your customers process payments online for their orders. These are also suitable for restaurants that make deliveries. Regardless, keep in mind of your preferred mode of payment, having access to various credit card networks such as Visa, MasterCard, American Express, and Discover is essential to a holistic payment platform. Make sure that your updated restaurant billing software system supports more than one of these popular payment processors

Top restaurants using billing software in india

  • Pattukottai Mess Vadapalani – Non Veg Restaurant in Chennai
  • Astoria Veg – Fine dining,Chennai (vegetarian restaurants)
  • Pattukottai Mess Vadapalani – Non Veg Restaurant in Chennai
  • Jewel of Nizam – The Minar,Hyderabad, Telangana
  • Dakshin, Hyderabad, Telangana
  • The Table, Mumbai, Maharashtra
  • JW Cafe, Mumbai, Maharashtra
  • Raj Pavilion, Bengaluru, Karnataka
  • Hard Rock Cafe,Bangalore, Karnataka
  • The GT Road, New Delhi, Delhi
  • AnnaMaya, New Delhi, Delhi


CRM software development companies in Chennai

Within today’s competitive world, customer relationship management software has become a crucial aspect. As there are various CRM solution development companies that offered effective solutions to the customers but it is difficult to choose the best one as it depends upon the priority. So that it is essential to choose the most trusted company which understands what you want exactly as per today’s market requirement. The Rednote is the best leading CRM software development company in Chennai, India and it facilitates solutions and support to software for web-based, high performance, secured, cloud-based and mobile applications.

The team of Rednote has immense experience in developing database-driven applications, web sites, portals, software, etc. for the customers and we utilize the latest leading-edge technology. Our personalized solutions are according to the business requirements and we allow then for flexibility and customization. Rednote’s solutions are up to date along with the trending technologies and they develop user-friendly and most reliable solutions for their clients. 

CRM software development companies in Chennai

Why Rednote is the right choice for you

Because of the Rednote services and solutions as they leveraging up-to-date techniques and advanced tools. That can help to manage, automate as well as synchronize the sales & marketing, technical and customer support services. In the growing market competition, using the latest technologies plays a crucial role and CRM is one of the best services that have essential requirements for all kinds of enterprise. As we have an excellent presence in facilitating billing software in Chennai with some experts and offer various solutions that are customized as well as best suited as per the organizational requirements. 

Features of Rednote CRM

  • Personalized modules and solutions for all kinds of businesses.
  • Connectable on the internet or LAN network according to the operations of enterprises.
  • CRM software of Rednote gives better scalability that involves unlocking some advanced features, integrate with other apps, the capability to add more users, tighten the level of security and so many. 
  • Unlimited management of data.
  • Pleasure constrained operator access on data and information.
  • We have cloud-based customer relationship management as there is no need for installation or any hardware requirement.
  • Solutions with unlimited users because we facilitate customized software development as well as deployment. 
  • All advantaged meticulous units. 
  • The billing software provides better integration to use as it helps in maintaining better integration with the systems which are currently using by companies. 
  • Customer relationship management solutions provide support for the Android and iOS devices and help you to stay updated and connected. 
  • Have a strong built base as per the needs of the business. 
  • Customer data like demographics, support interactions, transactions, contact details, etc. information are stored in a well-unified way. 

Benefits of our CRM software

  1. CRM or billing software of Rednote assists in improving the value of all customers.
  2. Rednote is specialized in the development of customer relationship management for all kinds of businesses like small as well as large enterprises.
  3. Billing software in Chennai aids in increasing the satisfaction of customers.
  4. Customer satisfaction is the most significant aspect of repeat business and retention as well as with our software solutions you can able to keep customers in constant touch, deal appropriately with issues, anticipate customer’s requirements, and responds towards issues quickly.
  5. Rednote CRM is fundamentally scalable, secure, and flexible along with the various technological structures powering it. Also, it will assist in saving time and money by increasing operational efficiency.
  6. Our solutions are managing the records of all customers effectively, examine likes, dislikes, and habits of clients, and forecast their behavior.
  7. The billing software assists in retaining customers for a long period of time.
  8. The Rednote’s superior skills elated to technologies deliver unparalleled performance as well as ease of using it in CRM consultancy. As it is designed as per the client’s perspective which is implemented by experienced and skilled professionals.
  9. Our customer relationship management software handles all elements of sales, marketing, and customer services through simple and unified tools to the custom secure interface.
  10. Our CRM solutions have analytics, reporting, and data acquisition as a core which helps you to gain better and valuable insights as well as tailoring the offerings as per the client requirement.
  11. Our customer relationship management helps to enhance communication. number
  12. In respect of small and medium enterprises, the CRM software is most essential while they are dreaming of a big visual imagination because it will streamline the resources in your business with the help of which you can grow better.

In sum up, the CRM is termed as an assembly of the process that is widely used to manage the entire workflow. As it may be either the manual work or computer-based as data will be wide-ranging like docs, images, phone numbers, movies, and so on. Rednote is considered one of the best CRM software development companies in Chennai that provides flexible management of customer relationships.

Our CRM software has been intended to enable users in order to edit, design, update as well as manage the content or information without modifying existing structure and designs. Rednote levels and sizes are facilitated to maintain CRM modifications without any difficulty. The solutions related to customer relationship management are widely used to make it user friendly and manage entire costs. 

You can contact us to know about the CRM development services or find adaptive and unique services at affordable cost from us.

Expenditure report software for Chennai

A Chennai expense report software is a software system that  manages all of the expenses occurred for official or private travel of an employee, the worker will present the documents to the employer for repayment. The expenses software package usually captures date include air/train fare, hotel lodging, groceries expenditures plus other travel-related costs. Frequently, the staff take a lot of time for the submission of expense report, but the process need to be fast. Expense reports software also act the aim of personal record of the expenses or for accounting and tax expenditure preparation.

Also read Billing software in Chennai

With these Chennai expense report software system applications, the employee submits the report through the on-line application to the approval authority and faxes the receipts. The fast submission of expense report leads to speedy repayment, that  in turn provides visibility and control for the compliance of the principles of audit and accounting. Since it shortens the reimbursement cycle, employees’ enthusiasm and thus operational effectiveness raises. Almost all the companies are following this process of computerization so that staff can avoid the mistakes involved in manual entry and submission of reports.

Following submitting the report, the worker has to attain approval from the concerned approval division of the corporation. Then only the finance subdivision grants money for reimbursement. Plus, it is the moral responsibility of the worker to give back the surplus total he has received to his employer. Organizations ought to insist on timely, correct and truthful expense reports. Staff have to follow all the rules and system of the travel expense repayment rule of the business, they need to furnish all the expense particulars of his travel along with documentation.

While select Chennai expense report application, the following factors need to be considered:

Essential Profits and Spending: Profits and spending have to be clearly identified with a sheer push of a certain key.

Best Reporting: High-quality financial software have to have reporting basics in the module of the money administration software that you are using.

Chennai Reporting Software’s Adaptability: It is critical that the software system is customizable for this diversity to be reflected.

Certainly, Chennai reports from the expenses report computer software can be considered as the software’s lifeblood.

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Time tracking software

In any business, time is money, time is an acknowledged resource you cannot afford to waste and squander with tardiness and idle work. Tracking employee work hours accurately and dealing with payroll each week or biweekly takes some time for a small business. As the business grows and more employees are brought on board, it takes even more time. All this time is eating away at the money that could be earned by the business. A minute used in unproductive work could result in a loss in revenue.

Companies try to monitor and confirm that each executive, manager, supervisor, staff, and utility they hire is worth their paycheck. This is what ultimately leads most small businesses to start using time tracking software. They can allow an automated, electronic system do the tracking to free up tons of time for employees or the owner of the business to guarantee that each employee uses their time well in good and productive work.

Also read Billing software in chennai

Rather than designating one person to payroll duties every week, the time tracking software does this automatically so much less time is spent finalizing pay in the end. It is best for small businesses to get familiar with these systems before they grow too large because it will save tons of time as well as money in the long run. Time tracking is the process of enumerating the time that your employees work on various projects for the customers. With proper time tracking software the recordkeeping also becomes far more accurate than it ever could be with one person doing everything manually.

The software of time tracking automates the process by catching the time electronically. It makes it easier and accessible for employees and management to track the time at  It accommodates a quick and convenient way to record, view, adjust, report time and reducing errors etc. It supports to maintain records such as vacation, sick leave tracking more easily. It is also known as time sheet software and it is specialized type of accounting software that uses to maintain time sheets for every person within a company. It all makes the process of tracking faster and more easily. Time tracking software can also be used to assist graph the work and time being spent on every task or project. It allows for accurate time tracking with malleable reporting. Most of the tracking software allows the user to adjust and transform reports by determining which information is pivotal to a particular project.

Also read ERP software in chennai

Time tracking software can also be used to effectively manage billing of clients. It can record the number of hours one has spent working on a client and calculating it with the hourly fee; thus, making accurate and automatic billings easily. It is a tool used to track the activities of employees and make their daily office assignments more structured and organized so that companies are given an accurate information on what their employees are doing, which activity is assigned to whom, and for how long such activities are going to be completed. Errors and conflicts regarding deliveries can be easily addressed, saving time and increasing productivity.

Payroll can also be managed by time tracking. The right time tracking software will eliminate all loopholes that employees may take advantage of and make the payroll system more accurate and efficient. Through records of employee attendance and work hours, the payroll department’s job becomes lighter. The end result is the small business pays employees only what they are legitimately owed.

Employee schedules, vacation and sick leave credits, overtime and holiday pays can also be created and viewed online. It also makes the system more efficient on the employer’s side so mistakes are not made in payroll.  Online time tracking makes it possible for you to access information anytime, anywhere via the web. Through this, a centralized database management makes it easy to track time and expenses.

Also read GST billing software in india

It is often underestimated how much inaccuracies, mistakes and intentional deceptions cost a business in the payroll department. It isn’t until a company starts using time tracking software that it is realized how much money is paid out wrongfully or through legitimate error. In addition, this can also help in setting organizational goals based on the priority and complexity of the work making certain that overbooking of projects will be avoided.

When comes to choose a time tracking software, here are some suggestions or information that will help you to choose the right one.

  1. The software should work over a large and advanced area network, this means you should know to use it across every department opposite cities and even countries
  2. The software should be able to manage billable hours, projects, project managers, project deadlines
  3. The software should have customizability and flexibility to fit into your business needs and cater for your business grow.
  4. The software should support exporting of date to text files, spreadsheets and be able to integrate with other systems.

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Tally accounting software

Tally accounting software is a small business accounting software for small business owners as well as personal users, it helps accountants, individuals and business owners to organize and manage their financial accounts and tax. It is quite a simple accounting software in comparison to other professional accounting software systems. There are also free version for Tally software available for proprietary business owners and personal usage. Tally accounting software has quite long history, over the years, it has accumulated lots of users and been used by various businesses including small business, chartered accountants and software entrepreneurs.

In general, Tally accounting software is a software program that maintains vouchers, ledgers and all other accounting records, it can handle different types of vouchers like Payment, receipt, it also support adjustment entries like Journals, Debit notes, Sales, Credit notes, Purchases, Receipt notes, and Delivery notes and so on. Tally accounting software follows the double entry system of accounting method which helps to eliminate possible errors. One of the features we found good in Tally software is that it supports tree-view structure groupings for account codes. Tally’s flexibility is also something we found useful.

Also read billing software in chennai

With over a decade’s track of record, Tally accounting software has been keeping up with the ever-changing accounting laws and statutes, it is also a scalable system which can support business grow needs. I am listing some features in bullet points here for your reference:

  • Tally accounting software gives you VAT/Composite Returns for the time you specify
  • Tally comes up with Input VAT Details, Output VAT Details
  • It track your VAT transactions to the correct State-specified VAT classifications
  • It tracks your bank book and maintains your day to day accounts
  • It can quickly and easily generate Excise Invoices for Traders
  • It does not require accounting knowledge to use
  • It maintains Excise Stock Register
  • It creates quarterly returns
  • It supports multiple files
  • It create e-TDS files in the appropriate formats
  • It allows to use password to protect data security
  • It automatically deducts TDS based on current rates and limits
  • The installation file is small, it can easily be carried in flash drive or pen drive
  • It gives information on net payable
  • It is easy and simple to use with no complicated accounting jargons
  • It adjusts Input Tax Credit against Service Tax payable
  • It is easy to browse entered data
  • Ideal for doctors, small business firms, lawyers, educational institutions, engineers and so on

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Small business accounting software

Small business accounting software is of great benefit to your company, if you have chosen the right package which meets your business needs. The software system can help you to restructure the entire accounting process, it also comes with an easy to understand audit trail. Having said so, accounting software may not always works wonders for your business, especially if you have chosen the wrong system. It can lead to complication of your business operation and cause frustration among your users. So it is extremely important that you need to evaluate and analyze the software that you would be using for your company, and you need to evaluate not only the current business requirement you also need to consider the future requirements. It is also vital to check if the software integrates well with all your current business practices.

Before you start to purchase the accounting software system, it is essential to first determine the needs of your business, in other words, your technical requirement. The functions of different small business accounting software vary depending on different kind of business establishment. For example, a retailer business would need and benefit from the software feature of tracking inventory, whereas those companies in the service sector find the time tracking functionality more beneficial. Keep in mind that there are also industry specific accounting software build for specific industry needs, the features of those accounting billing software may not available in a general accounting software. This is also why the need to examine the business requirements so significant.

It is critical for all small business owners to make sure that the accounting software has the potential to grow with their business needs. It can be very costly to change and make modifications to your small business software package when your company has expanded. Hence it is important to select a accounting business software which is able to provide you with additional features when your business grow. Software with a good track record and from a reputable company normally has all these designed in the system.

Also read CRM software in Chennai

For companies involving the inventory management, we cannot overemphasize how important it is that you need to evaluate the software’s capabilities as far as stock control concerns, Stock control is not only about keeping track of your inventory, it involves proper inventory evaluation, notifying stock purchaser for replenishing for items when their stock level reaches the minimum. Sadly to say that most business owners struggle with keeping a current file of their inventories, be aware that there are accounting software which hold a lot of promise, but when it comes to streamlining inventory control, the amount of money that it requires is often beyond their means.

Small business owners who want to get the maximum out of the software system should choose the software which promotes integration of all relevant business data and using standard accounting methods, it should also support customized business forms like quote and purchase orders, invoices should be easily created by the software. The software should be able to access customer data easily like names, phone numbers, vendor and contact address of the customer. In order to make payroll process easier, the software should automatically connect all databases that contain the employees’ names, address, tax information and contact number. The key requirement for a small business accounting software is to automate maximum accounting process and integrate critical business data.

Also read ERP software in Chennai

It is very easy to find a small business accounting software system nowadays, but it is not so easy to find an accounting software which fits your business needs and your budget at the same time. There are also plenty of free software and freeware available in the market, but then again, you shouldn’t expect too much from a system if you have not paid a lot of money for it, however most of the software will do the basics. But when your business grows, you will really have to migrate and change to a more robust system that can accommodate your requirements.

The process of deciding on this should of course be linked to your company’s business plan. If you plan to grow rapidly, then it’s better to plan ahead, otherwise, you will do well with those simple systems, even those free ones.

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Great Plains accounting software review

Great Plains accounting software also known as Microsoft Dynamics GP, it is an integrated solution to process most of your company’s accounting needs, this includes general analysis and general management of the supply chain, your finance and manufacturing, your customer relationship management and retail, your human resource and your project functions. The software system package was created by A Fargo, North Dakota-based company called Great Plains Software, who was the original developer of the program, it is an independent software developer for financial software systems, it locates in Fargo, North Dakota of the United States.

In view of corporate ERP/MRP industry, there has been quite some fierce competition between Microsoft Business Solutions (Great Plains, Navision, Axapta, MS CRM), Oracle (Oracle Financials, PeopleSoft, JD Edwards), IBM (including Lotus Domino), SAP, Microsiga (Brazil, Portugal). It is recommended to choose Microsoft or Java/EJB/J2EE platform.

Great Plains accounting software said that they are the first accounting software system available in the United States, which supports multiple users and work with Microsoft Windows operating system. Microsoft purchased the software firm in April 2001, after that, in order to fit it into their line of software products Microsoft had added the Great Plains accounting software to their Dynamics family of product serials and they have renamed it Microsoft Dynamics GP.

Great Plains accounting software can integrate with many other Microsoft products, the software’s functionality also can blend with other accounting industry software solutions. Great Plain software has now more than 30,000 installations across different companies, this has made the software one of the most successful mid-market products to date. Microsoft Business Solutions is always a first jewel, few years after Great Plains acquisition, Microsoft Business Solutions purchased Denmark based Navision Software. We think that if you are in the USA, Canada, Australia, New Zealand, Middle East, Latin America and your are not a construction company – then Great Plains is good choice for you.

ALSO READ BILLING SOFTWARE IN CHENNAI

Great Plains accounting software has two choices of license, they are Business Essentials and Advanced Management. The Business Essentials option is about half the price of the Advanced Management license. Great accounting software has many good features that so many businesses follow, it has over 200 distinct modules and lots of modules and features can usually only be found in high end ERP software systems. With Microsoft as the back, the software uses the powerful and popular MS-SQL database. Which is the current trends in the IT applied science because it prefers toward reliable and standard database platform. We’d say you should look for ERP which sits in the standard database like Microsoft SQL Server, Oracle, IBM DB2, Ingress, Sybase, Unidata. SQL is the popular one and it will stay for a long time.

The software can also be customized to individual business’s needs. It has eConnect and Integration Manager Integration tools. This software can also integrate with many third party add-ons, this has made it more powerful. It is widely available in the market for sale, most of the industry professionals know the brand name and know how to use it since the product has been on the market for a long history.

ALSO READ GST SOFTWARE IN INDIA

Great plain software supports the add-on for Credit Card Advantage which is produced by Nodus Technologies, Inc. This software program makes it possible to process payment immediate by credit cards using the Internet. So, technically Microsoft Great Plains has 10 years of history and is currently in the maturity phase.

Great Plains accounting software is a good choice if you want a comprehensive and powerful software system which addresses every need of your company’s management in terms of finances of every branch of your business. There are not many Windows based accounting software which bundle and support as many users in the United States like the way Great Plains accounting software does, it was the pioneer in this kind of software. Great Plains should be considered as ERP platform ready for tuning to individual needs, it is the platform for the customization. It fits to all the spectrum of industries: apparel, medical, pharmaceutical, distribution, logistics, aerospace, defense, wholesale, metals, chemicals, retail and so on.

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Billing software for small business

Service billing software come in many brands but most of them have features such as accounting integration, accounts receivable, claims management, check scanning, appointment management, collections and so on. High level of automation and efficiency used in the billing system simplifies work process and enhances employee productivity. The automated system helps in reducing the requirement of manually handling of documents. Billing software in Chennai is needed for management and documentation along with automating reporting, billing, collections and scheduling.

There are billing software available online and they come in various brands but in varied prices as well. It can get your office organized, you will also be saving a lot of time and of course a lot of money when you have the right software. Such a software is a must-have for service companies because this helps them get organized. With a software that manages the whole office it gives more free time for employees to do things that are more important. Achieving this kind of efficiency is not possible without the help of an office management software that will do the scheduling, billing and documentation on its own. billing software can also do paperless document scans which makes work easier for billers and coders.

Apart from these, some of the newest billing software has also been designed to allow users to configure it based on the requirements of his business practice. In relation to this, some billing software has also been designed to contain more information, which can eliminate the need to file documents with information that can easily be stored in their computers. The consistency provided by billing software increases the billing accuracy and reduces the workload from the employees.

Also read ERP software in Chennai

Having this kind of software in your organization enhances office efficiency and along with that also increases profit. Service offices are usually busy and having a software that would help them deal with daily tasks is now a necessity. The use of such software also cuts costs because it eliminates the need for paperwork and human mistakes, with a software, everything is managed in an organized manner without compromising any information, schedule, collections or bills.

One of the most recent developments in the use of billing software is its use in the medical profession, which has allowed physicians and hospitals have access to an effective and efficient billing system. Billing software is able to also check the eligibility of the patient for services from the insurance companies. Entire interaction is known as billing cycle which takes some time to be completed. The medical billing software is designed which is an automated process and helps in reducing lots of time in processing the same. Medical billing process is known as an interaction between health care providers and the paying insurance companies.

ALSO READ CRM SOFTWARE IN CHENNAI

There are many billing software products out there that can solve all the paperwork and office management woes. In fact, many software offer a complete solution to all your office management problems. Choosing which one is the best for you would be the hardest job, the first thing you should do is list the things you need and then compare different software that will satisfy these needs. When you are done, you can finally choose which software is the best for you and your office.

How to Add a Purchase order in Rednote Online Invoicing Software :-

1.Select purchase order under sales in left side of the Rednote page.

2.Click New to add a new purchase order in Rednote.

3.Select the vendor  name from the drop down given in the vendor name box (Which is mandatory).

4.Select the date to raise the purchase order to the vendor in the purchase order date (Which is mandatory).

5.You can fill other fields given like Quote No, Quote Date, select currency from given drop down and sender details.

6.Select product from the given drop down box in product, change the quantity if needed and click save. Your purchase order will be saved successfully.

7.Select the purchase order you want to make changes and click Action button, you can delete the purchase order which is selected then you can create similar purchase order then you can export the purchase order in excel file.

8. In crop symbol  in right side of the page you can filter the purchase order by vendor name and click apply.

9.In filter symbol in right side of the page you can filter the purchase order with date range. 

10.Click the setting symbol in right top of the page to change the setting for purchase order.

11.You can add prefix, suffix, invoice header for your purchase order under settings option.

12.You can enable the given option (Yes/No) under settings like signature, remarks, reset number, water mark logo, enable logo, edit PO no, letter head (you can set the margin in the below given box), display GST.

13.You can enter your remarks in the given box to be displayed in the purchase order.

14.You can display your signature in purchase order by uploading it by the given link.

15.You can enter your terms in the given box which will be displayed in your purchase order.

16.You can enter notes in the given box which will be displayed in the purchase order.

17.In the given template you can select any one template according to your wish, the purchase order will be displayed in selected template format.

18.After making your changes in the settings options, click update. Your purchase order will be updated with the changes.

19.Select and open a purchase order and click more option to save the purchase order in pdf format then you can send the purchase order in pdf format then you can generate the purchase order into purchase invoice.

20.Select and open a purchase order and select print option to take a print copy of your purchase order.

Billing software for retail shops

Importance of billing software for retail shops:

Importance of billing software for retail shops

Importance of billing software for retail shops

Retail industry is a huge industry which sells the goods to the end users directly through small shops, supermarkets and malls. This industry has direct contact with end user in order to sale their goods. In other words, retail industry makes transaction between business owner and customer for their daily usage goods. These transactions may be small quantity but client base is huge. Profit of every transaction is also very less compare to whole sale profits. Maximum profit for the transaction is 1 to 3 percent of the MRP.

Thus, tracking of each and every product sale determines the profit or loss of the business. For an example, if we sell a product worth of 100 rupees, business owner will get 1 rupee as profit. But if cashier forget to include an item to make bill, business owner will lose 100 rupees. Hence, tracking each and every transaction is very important in retail industry. In this article we are going to understand about retail industry and importance of billing software for retail shops.

Sales Process

sales software

There are three active players in the market for delivering a product to the end users. These three players fix the price of a product and hold the retail market to grow or crash. Below are these.

  1. Manufacturer
  2. Wholesaler
  3. Retailer

Manufacturer

Manufacturer is the first player who determines the product quality and base price along with their price. In this first step, they will use raw material and manufacture their finished product. According to their raw material, labour cost and operational cost they will finalize a price to next level. Sometimes it will directly to retail shops but most of the times it will goes to wholesaler and then it will go to retailer. In addition, there is an addition cost of the product is Tax. Each and every manufacturer should pay Tax for manufacturing their product. These are the factors to finalise a product price to the wholesalers.

Wholesaler

Wholesaler acts as middleman between manufacturer and retailer. This entity will simply purchase goods from manufacturer and sells directly to retail shops such as supermarkets and malls. While moving goods from manufacturer to retailer they will adjust the price of a product in order to wholesaler to make profit to run the business. In addition, there is sales tax involved in product price. As per government, sale tax will be varied according to the industry.

Now it is called as GST in modern world. Depends upon the business GST percentage will vary. To track the wholesale process, a wholesaler or distributor (called as) can use retail ERP software in their business. Retail software solutions has huge amount of features to track the daily operations of distributors. Wholesaler can get 3 to 5 percent as profit in their sales. These GST details and profits will be tracked by best retail software in India.

Retailer

Retailer is actively interacting with end users and wholesalers or manufacturers. In the supply chain of retail, product can be purchased directly to the manufacturers and wholesalers. This can be defined by capability of product manufacturers. Because, some manufacturers can supply the product directly to the retail outlets. Retailer or retail outlets can sell thousands of products in single outlets. In order to maintain the stocks and cash flow, business owner should have best online retail software. This will take care of inventory, profit and purchase management. Below are the outlets can use pos retail software.

  1. Supermarkets
  2. Retail shops
  3. Footwear shop
  4. Sportswear shop
  5. Stationary shop
  6. Cosmetic Store
  7. Electronics store

How retail sales work?

As we discussed previous paragraphs, retail is process of selling goods to end user for their daily usages. Here we are going to analyze how retail sales is differs for various industry. Sales process is varied for different shops. For an example we can take jeweler retail shops. In jeweler shop user cannot take required jewels directly and make payment. Sales executive should show the jewels as per the customer requirements and sales person will generate invoice through e -commerce retail software and eventually user has to make payment. Unlike jewels shop we cannot purchase from medical store. First we need doctor’s prescription to buy a medicine from a medical store.

Ecommerce Sales

Online sales is also comes under retail industry since it was used by end users. Ecommerce is not only B2C market but also a B2B market. B2C is nothing but Business to Customer in other words retail sales. B2B is called as wholesale market. In terms of ecommerce, user has to search the product online and user has to make payment first and same will be delivered to the user through delivery persons. User can return the product to the seller if it is not satisfied up to the mark. Though it is online sales, seller has to give a bill to the user. Hence, automated retail software management needed for generating bills to the customer. Unlike shop retail software, ecommerce retail software in India has to maintain it online and bill has to be generated once user has purchased a product online.

Pricing Techniques in Retail

Most of the retail shops will use below formula to calculate the profit. Modern retail software solutions India will calculate selling price automatically based on below formula.

Retail Price = Manufacturer Cost + Profit

Using above retail price manipulation, top retail software’s will calculate the final price automatically based on purchase price. If a product entered in purchase bill cashier has to enter batch number of product in order to calculate final price for sales. To accomplish this, business owners should enter profit percentage in product master. Based on batch number of the product, final selling price will be calculated at the time of sales. So, retail shops should contact top retail software vendors to install retail billing software. If the business owner couldn’t find best retail billing software, they can contact retail software consultant to find the top 10 retail Software Company in India.

Conclusion

As the profit in retail industry is very less, each and every sale should be recorded and monitored by management people. But it is always difficult to monitor all sales it happened in a day. In order to monitor the every sale, business people can purchase a retail billing software where every sale will be recorded and same will be monitored later. Now-a-days retail software price is also reduced because of competition in software industry.

Monitor the sales! Monitor the Profit!

Happy Monitoring!