A grocery store in Pakistan is not just where people buy their groceries. It doubles as a place where nearby people meet and have discussions about various topics. As the person running the grocery store knows almost everyone in that vicinity, he actively participates in such discussions while packing the staples they initially came for simultaneously. Knowing everyone does get you into interesting conversations as a grocery store owner, but it also bears some disadvantages. One of the most common disadvantages in Pakistan is Udhaar. While running your grocery, there must have been numerous incidents where you would have heard “Bhai hisab mein likhlena” (put it on my tab) from a customer. Now that you already know these people, you tend to feel awkward saying “no” to them and eventually write it down in their hisaab and watch the amount piling up.
As you continue to entertain credit transactions from such customers, you can run short on cash in hand, which no shopkeeper likes. Cash in hand allows you to purchase inventory and take care of everyday expenses smoothly. Considering the nature of transactions, a lot of money gets blocked under receivables for general stores. The situation is the same for almost all the grocery store owners in Pakistan, and they feel awkward asking for the amount due. Few people might not even ask their customers for the money they owe to avoid that awkwardness. If you are one of those people, then the Udhaar khata book is the solution to your problem. Udhaar Book is an easy-to-use app through which you can record all credit transactions correctly and set auto-payment reminders.
How to manage your Udhar?
- Record All Credit Transactions: Running a grocery store means having a substantial volume of credit sales. All such sales are an asset and need to be kept in record accurately. You should also keep a record of all sorts of credit transactions other than credit sales.
- Record of Contact Information: You need to have the person’s contact details who owes you money.
- Send Recurring Reminders: You need to send constant payment reminders.
- Maintain Customer Statements: You should have a proper statement for every creditor with complete details of the credit amount. If someone owes you money for some credit purchases, you should have complete details about the products sold on credit.
With Udhaar Book, you won’t have to worry about these tasks. With the Udhar Digi khata app, you can easily record all these credit transactions individually by adding the customer’s name, mobile number, and credit amount. You can also set a collection date and send automated reminder messages via SMS/WhatsApp. Moreover, when you start keeping a record of such transactions in Udhaar Book, the app automatically prepares a customer statement, and you can download them anytime. Udhaar Book also offers multiple other services like cash book, credit book, digital invoicing, staff book, and inventory management. Udhaar Book is available for both IOS and Android devices, and businesses can also use the Udhaar Book web app.