Category: General

In a business, transactions take place both in cash and on credit. Credit transactions are recorded in the credit book, while cash transactions are recorded in the cashbook. Cashbook is a form of the ledger in which businesses record all cash in and cash-out transactions, and it also allows businesses to manage their finances.

Most businesses tend to use manual methods of recording cash transactions. Due to technological advancements, businesses need to use digital methods like Digi khata or khata book for recording cash transactions. This  saves time as well as labor costs. Udhaar Digi khata is an online accounting app with a cashbook feature. Using manual methods to calculate the total receipts and expenses of the business can be difficult and time-consuming. However, with the Udhaar Digi khata cashbook, businesses get daily, weekly and monthly reports at their fingertips. Moreover, the Udhaar khata book, with its feature of a cashbook, allows businesses to create separate cashbook and ledgers for all businesses and can manage everything from the Udhaar Digi khata online app.

Manually calculating and recording total cash in and cash out can be time-consuming, and also, there are chances of human error. But Udhaar easy khata cashbook feature makes it easy for businesses to calculate and record cash in and cash-out transactions without human error. As Udhaar Digi khata automatically calculates the total cash in and cash out at a given time, it saves time and reduces human error. Other than cashbook, Udhaar Digi khata allows businesses to track paid and unpaid invoices and collect payments digitally. Businesses can download the Udhaar Digi khata app on both IOS and Android.

The Udhaar app can help you figure out how much you are worth and improve your cash flow stability. It allows you to categorize transactions, transfer them between numerous accounts, and schedule them to repeat on pre-determined periods. It also helps you to analyze all of your finances with the help of several reports and graphs that can visually show you where you should cut your costs.

Remember that while using a khata book app everything is made easy to use, with that said, the success of the app is dependent on the user’s habit of registering at the correct time and for the correct amount. As a result, you must be consistent and well-organized.

As a result, controlling, managing, and analyzing your finances will be quick, accurate, and easy, all with the click of a button on your smartphone.

With the Udhaar khata app, you can manage your accounts quickly and securely from anywhere, using your smartphone or tablet.

A comprehensive and well-rounded inventory management process is one of the most crucial aspects of your small business’s success. The problem is that if you’ve never dealt with inventory before, it’s difficult to know where to begin.

There can be complications when it comes to inventory management. It’s made even more difficult by the fact that there’s no right approach to inventory management. What works for other businesses in the industry may not work for you.

Let’s go through the fundamentals of how to take inventory for a small business and provide you with a set of guidelines that you can benefit from.

 

What is inventory management?

Inventory management is a collection of processes and systems for keeping track of inventory and stock. It’s a subset of the much larger concept of supply chain management. Inventory management will typically include the following activities for most retail businesses:

• Ordering
• Storing
• Selling
• Tracking

Although these tasks seem repetitive and even simply completing them helps build a stable base on which your company can function. A robust inventory management system can help you avoid multiple problems and take advantage of factors such as:

 

Accurate inventory numbers

Make sure you obtain and load up new stock from suppliers as accurately as possible into your inventory management system. Entering the incorrect product quantity or mislabeling a product will create obstacles later on. Setting up a procedure and following it every time you receive a shipment is the best way to ensure that you receive accurate stock from suppliers.

 

Use effective tools to manage inventory

Managing stock becomes a piece of cake when you use the POS system. This happens because of the volume and the inventory turnover rate within most retail institutions. If you try to keep track of anything with a spreadsheet or pen and paper, it’s possible that the job will become a burden that you’d rather avoid at the end of a long day. Furthermore, having too many things to supervise increases the risk of errors and may result in all of your inventory data being thrown off.

Inventory management is an automated process with a POS system but there are other tools as well that help you digitize the inventory process and save you time. 

For instance, inventory management apps like Udhaar App. This app has a feature named Bill book that takes care of all your inventory processes like when to order and what to order. How much the stock of a particular product will last and what is the level of stock kept in the room at the back. Along with inventory management, you can also manage your daily sales, expenses and send free invoices to your customers. This app is an excellent choice for small business owners. 

 

Use powerful tools for inventory management

 

Inventory management is vital to the operation and performance of your organization. Organizing your processes will help you count your stock, set up your floor, and increase the productivity and efficiency of your employees. More gaps and a better bottom line for the company result from accurate counting.

 

Udhaar App is the perfect business tool for a small-scale business owner as it provides various functions that aid in running and managing a business. Our aim is to provide business owners various features that can aid in everyday activities. Udhaar App provides a dynamic set of features that vary from recording and managing financial transactions to promoting business and its products to its customers. Some of the most dynamic and new features at Udhaar App are;

 

Reports & Accounts:

Udhaar App enables our users to record their daily transactions and manage all their accounts. While using Udhaar App our users can create separate accounts for each customer by adding their contact details, then they can add all transactions cash or credit for that specific customer. Business owners can also add day to day transactions which will not only be recorded but the changes in credit payments will be made on designated accounts of each customer. Our App also provides insights and reports of the accounts and customers which enables business owners in understanding financial situations of their business. It also provides them information which can help in the decision making process for the business owners and aid in growth of their businesses. 

 

Udhaar Collection Reminders:

One of the most tiresome work to manage for business owners is to remember when they have to collect credit payments. Udhaar App eases the credit collection process as it not only reminds business owners for credit collection but it also has a feature to send free reminder messages via SMS or Whatsapp to the concerned creditors.

 

Promotional Marketing to customers:

Udhaar App also provides a very powerful promotional tool for its users as they can send promotional messages to their customers. We have enabled our customers to thrive in their businesses as they can share promotional deals, offers and discounts to their customers. Udhaar App also enables its customers to engage with all their customers by sharing a single message. 

 

Multi-Language Support:

We care for our customers at most, our aim is to provide the most feasible and user-friendly interface. To ensure that our users in the local market can easily engage with the features of our application we provide a Multi-Language support interface. Udhaar App contains a dynamic four language interface which can be switched to English, Urdu, Sindhi and Roman Urdu. 

Udhaar is a dynamic multi-featured App that has always cultivated new innovative features which not only provide ease in managing the business but also encourage our customers to grow their businesses. We constantly research to cultivate new features that empower our customers more. Currently, Udhaar family consists of five hundred thousand satisfied customers and we aim to help more customers grow their businesses.