As an entrepreneur who is thinking about entering a business or is already doing business, it is used in reporting your economic activity to the government, that you need to know one of the most basic concepts of accounting It's time to have
It's tough. :
Forex, currency, currency, trade, investment, wealth
Article body:
As an entrepreneur who is thinking about entering a business or is already doing business, it is used in reporting your economic activity to the government, that you need to know one of the most basic concepts of accounting It's time to have
Accountants process data into documents called financial statements. This is the accounting equation that underlies the entire accounting system.
So what is this magic equation?
The accounting equation is:
Asset = Debt + Shareholders' Equity.
In poor definition,
Assets are the economic resources of a business that are expected to bring benefits for the business of the future.
Debt is an economic resource borrowed by a business from another person or organization.
Owner equity is an economic resource contributed to the business by the business owner.
One way of thinking of this equation is that the left side is what the business has, including its money, equipment, buildings, land, furniture etc .. The right side is where these assets are from Indicates what has come. They were borrowed from parties outside the business, or contributed by people who own the business.
Another version of this equation is that you may run into:
Assets-Liabilities = Shareholders' Equity.
That is, if the business's assets pay all the debt, it will leave a diagram showing the economic resources belonging to the business owner.
It is quite the same thing, the concept of transposition of algebra.
Let's take a look at the balance sheet of the business-or if what is now called as a statement of modernly financial position-you all there
Of course, in the balance sheet, it is written vertically, not horizontally as equations.
You have items:
Assets XXX Liabilities YYY Owners Equity ZZZ
Here, XXX = YYY + ZZZ.
So, in the balance sheet red financial position statement when looking at the following, we recognize this logic
_______________
Written for this article at OrangesAndLime.com, the ones who make things artists, musicians, designers, illustrators and entertainers build — their own freelance company. Note that this article serves only as a guide. Laws and practices change over time and vary from country to country, so you need to seek professional advice on the matter.
The 10 most important retail technologies that give your small retailer a boost
Here are the 10 retail technologies I believe are giving retailers the greatest benefits and boost for success (in order of importance).
It's tough. :
Retail technology, pos software, pos system, retail software
Article body:
Here are the ten retail technologies I believe give retailers the greatest benefits and boost for success. If you are not utilizing any of these techniques, you can miss some great time savings and money making tools, so those ..
Here they are important orders (in my humble opinion, of course):
1) Point of sale (POS) and inventory management software
A good POS / retail management system saves a huge amount of time for you and can be a dollar box. So it's number one ..
In the simplest form, a good POS system tracks all your sales so you can easily see how your business is doing (ie, it replaces your cash register.
We will be able to offer POS software that talks about what you know the difficulty. I can literally write a book about all the reasons why POS systems help--so I summarize in five important areas quickly. You can have a good POS system. ..
* Dramatically improve your customer service.
* Simplify and improve inventory management.
* Improve your sales effectiveness.
* Adjustments also increase profits as cancer and losses can be easily recorded.
* Save a huge amount of time by automating bookkeeping and countless other retail tasks for you.
Keep in mind now. .. POS systems are not only great benefits for you, but also the most difficult technology to choose. There are many things to consider, and it is very expensive to change the POS system, so you certainly do not want to miss something important. So take your time and do your research when choosing a POS system.
2) Customer Relationship Management (CRM) Software
One of the solid keys to building a successful retail business is to build a relationship with your customer. Therefore, CRM software is an important tool for retail business. Ease not only create CRM loyalty but also create customer loyalty Connect the market prospects and make new business.
In a nutshell, CRM software allows you to track your customers, identify market segments and easily with them via email
Some POS systems actually recommend CRM capabilities, thank you very much. The tracks can all be double entry which takes time to reduce this information. In any case the product you purchased CRM software and your own module your POS software. So it deserves its own category.
3) Barcode scanning and UPC code
Simply put, it is a keyboard that allows you to check barcode scans, make product sales faster and more accurately. Not only does this save time, it also needs to consider the effects of the inventory. ..
Think about the consequences of throwing away the stock by entering the wrong product number. Your inventory is the vital source of your business and accuracy is crucial. These errors can cause you to lose sales, increase inventory costs, and waste time.
I should also point out that if your product has a UPC code, you can easily scan those tags without the need to print your own barcode This can be a huge time saver .
4) Electronic data exchange (EDI)
Note (Self POS software) suppliers that can send EDI technology are electronic phone lines or the Internet. Not only does this save a huge amount of time, but it can also reduce errors-you ordered special wrong items so your patrons
Just use your POS software to automatically generate purchase orders (based on order levels and sales history), and then give your orderer your entire order without entering your single product number Can handle! How long will it save you?
5) Retail accounting software
It is believed that retailers will be more in-house accounting now because they can quickly create up-to-date financial statements and see how the business is doing almost anytime, which will help small business owners for a variety of users Please pay.
Accounting software can be purchased at a stand where you can integrate POS software. Now it is important to consider each different module in the accounting system. There is a suggestion that the loan module (sponsored) is not very much POS software. It is also recommended to integrate the accounts payable management module into the POS (to reduce double entry). In general the module will be alone or integrated. Each method has advantages and disadvantages. If you want to know more about POS and accounting software integration, please read this article. http://www.possoftwareguide.com/articles/pos-accounting-integration.html
6) Store traffic counter
Such valuable devices have increased sales conversion rate stores, advertising for improvement, stores. If you are serious about increasing sales conversion and you need accurate measurement of your store traffic, you can determine your closing rates, so automated traffic counters are accurate and objective. They take guesswork from the last rate of measurement and how they deliver surprisingly detailed data.
The in-store traffic counter also has a better date for your sales staff when it comes to actual foot traffic. You can also determine if the traffic goes up and down during the marketing promotion. And this is the tip of the iceberg! This technology has many benefits.
7) Graphic design software
The smallest retailer wears many hats. .. Promote marketing. Computer and graphic programs and today, your own graphic design software and the creation of simple flyers, brochures, and ads Popular programs include Adobe InDesign, Adobe PageMaker, Corel Draw, and Microsoft Publisher.
8) Website and shopping cart
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