How Automation of Sales and Purchase Register Has Helped Businesses
Sales and purchase are the two most important functions of any
business. Transactions with these natures keep a company running and so they
should be recorded accurately, timely and seamlessly. While most accounting software would
provide this feature as it is a basic need that any entrepreneur is looking for
when adopting technology for their business, what’s important is how much can a
user make out of these simple reports and add value to their business.
Sales and purchase registers have been maintained by companies
since the inception of accounting. Traditionally, these were maintained
manually, sales and purchase books recorded all the transactions which occur
every day. However, with digitisation taking the world by storm, business
owners have now automated maintenance of sales and purchase register through
various accounting software.
Recording sales and purchase transaction is no rocket science, and once these transactions are recorded, their respective registers are created. Sales and Purchase register is nothing but a comprehensive day book which comprises of all the transactions which you have recorded so far. This report will help you get a detailed view of all your transactions which have been made throughout and allow you to make any corrections if required.
Advantages of automated Sales and Purchase
Register
- With
a sales register, you can analyse a periodic turnover of your company, be
it monthly or yearly. You get a consolidated report of each sales
transaction that you have done for a specific period.
- You
can also easily navigate to the respective invoices and vouchers, in case there
are any errors detected post sales.
- Purchase
returns made during a year can also be traced. At any given point, if your
customer returns with an invoice issued by you, and addresses any
grievance which is product-related, you can easily go back to the entry
made at the tarnation level and modify the data accordingly.
With Tally.ERP 9’s Sales and Purchase Register, you can easily view all your transactions in a
split of a second. Detection of errors and the ability to correct it with
numerous shortcut keys, will help you save a lot of time and effort. Because of
Tally.ERP 9’s flexible nature, navigating to the respective transactions till
the entry-level and then correcting it with the right value, becomes very easy.
Sales and Purchase Register Tally isn’t just confined to giving you a gist of
all the transactions but also track transaction-level profitability to get more
insights about your business. With the columnar view of the purchase
transactions, you can get a detailed view of each purchase transaction which is
a great reference point to check for any discrepancies and inaccurate entries.
For adding more value to your business by getting consolidated sales and
purchase reports
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