What is Stock Register and how different it is from other inventory management software.
By Mansi Dupte
Published on - 14th October 2023
Imagine the records of all your inventory, stocks, bills, management, and everything related to your business are written in a notebook, which you always keep in your most personal space of your cupboard. But one day, when you go and try to find your precious notebook which has everything written about your business, it is nowhere to be found. In such a devastating situation, you might die due to a heart attack! Isn’t it? But what if I told you that now you don’t need to do any manual work of writing and maintaining a book with all the information about your inventory, stocks, bills, etc., what would be your first thought?
I can see you smiling! Now, you must be wondering- is it possible? Yes, absolutely, it is possible by using the Stock Register Software!
To manage the inventory of all stores and godowns, you can use the Stock Register Software or App. It is an inventory management software that keeps track of all your inventory, generates daily stock reports, and monitors goods running short on stock.
It is straightforward and quick to add new goods to the Stock Register, and you can also add things without pricing information. You may duplicate inventory from one store to another store and manage the inventory of numerous stores.
Through the Stock Register, you can keep track of the available stock, opening stock, total stock inward, and total stock outward of any item. You may also use the Stock Register as a stock management program which takes the burden off of manually writing and maintaining records
Here are the 7 best benefits of using the Stock Register:
1. Easy-to-do Data Entry: You can enter details about the products in their inventories, such as product specifics, quantities, purchase prices, and other pertinent data. You may manually enter this information or import it from other sources, such as purchase orders or invoices.
2. Simplest ways to track transactions: All inventory-related transactions, including purchases, sales, returns, modifications, and transfers, are recorded by the system. Based on these transactions, it changes the inventory levels in real-time.
3. In-depth Reporting: You may create several reports to get information about their inventory, including stock levels, turnover rates, valuation, and other factors. Making educated judgments regarding stock management, pricing, and reordering can benefit from these insights.
4. Alerts & Notifications: To assist organizations in preventing stockouts or overstock problems, the Stock Register provides alerts and notifications for low stock levels, expiry dates, or other crucial inventory events.
5. Accurate Inventory Management: By providing the option of setting a low stock alert, the Stock Register systems assist in keeping accurate and current records of inventory levels, lowering the danger of stockouts and overstock situations.
6. Create Non-GST and GST Bills: You can add sales and buy entries with ease. Make sales invoices. If you include the GST rate for your products, you may also make GST invoices. You can create professional sales invoices and alter their layout and color.
7. Simple UI/UX Design: UI/UX design that is simple for everyone to grasp. It is simply engaging and very user-friendly for people of all ages.
But how is the Stock Register different than the other alternatives present in the market? Here are the 5 main reasons:
1. Cost-efficiency: Businesses may save money and increase overall profitability by managing stock levels and lowering carrying costs. The Stock Register yearly fees are likewise rather inexpensive compared to others.
2. Multiple Inventory Management: For various stores and warehouses, the Stock Register was designed. Therefore, any retailer with many storefronts or godowns can simply manage all of their inventory in one location. There is no need to open a different account for every retailer. Additionally, the Stock Register UI/ UX is so simple to use that users may effortlessly transition between their different stores.
3. Shareable with Staff Members: You can easily share the stores’ access to your staff members. There is no need to distribute the whole store access. This aids the owner in avoiding disclosing personal information about other shops. At any moment, you can permanently revoke access from any staff member.
4. Track daily Sales & Profits: Daily sales, purchases, and profit tracking can be done. Owner may view sales, purchases, and profits for any day, week, month, or year. Stock Register helps in keeping track of all sales and payment transactions.
5. Manage Customers and suppliers: Keeps track of the money that each party owes. You can monitor the status of payments at any given time, as well as the total amount you will receive and pay. You can make a report summarizing the party balance. Also, you can make a thorough report of all sales and buy transactions for any party whenever you want.
Utilizing the Stock Register System allows you effective inventory management and optimization, which is its main advantage. This boosts operational effectiveness, lowers costs, and improves customer service. Businesses may make use of real-time insights about inventory levels and trends to make data-driven choices that can improve their bottom line.
And your business can be one of them. So what are you waiting for? Go and immediately opt for the premium plan of the Stock Register!
Thank you for reading!