Calculating VAT (Value Added Tax) is essential for SMEs (Small and Medium Enterprises) in Nigeria. This guide will show you how to calculate VAT for your business, ensuring you stay compliant with tax laws. We’ll also explain the difference between VAT inclusive and VAT exclusive prices. What is VAT? VAT is a consumption tax […]
Maximize your e-commerce success with our expert guide on WooCommerce integration with Tracepos SME Edition. Streamline your retail operations and elevate efficiency with this powerful solution.
Master Business Inventory Management & Boost Profits! This guide unlocks the secrets of inventory management for businesses in Nigeria. Learn the basics (raw materials, work-in-progress) & discover advanced techniques (JIT, ABC analysis) to optimize stock, reduce costs, and delight customers. Examples for bakeries, clothing stores & more!
Discover the top business financial management software solutions in this comprehensive review. Learn how these tools can streamline your financial processes, boost your bottom line, and make informed strategic decisions for your business. Whether you’re a small startup or a large corporation, find the perfect software solution to optimize your financial management today!
Stop losing sales and frustrating customers. Tracepos offers real-time inventory tracking, faster checkouts, and powerful customer management tools. Gain valuable sales insights and optimize your inventory. Enjoy the flexibility of managing your shop from anywhere.
Discover effective strategies to combat inventory shrinkage and protect your business. This article provides insights into robust inventory management systems, security measures, staff training, supplier relationships, technology use, strict policies, and the importance of regular strategy reviews. Learn how Tracepos can aid in efficient inventory management.
The reorder point formula is a crucial inventory management tool that signals the perfect time to reorder stock, preventing stockouts and overstocking. It is essential for maintaining the right inventory balance, enhancing customer satisfaction, and upholding a brand’s reputation. To calculate the reorder point, three key factors need to be considered: average daily demand, lead time, and safety stock.
Managing inventory effectively is critical for the success of any business that deals with physical goods. One key aspect of inventory management is the units of measurement (UOM), which can significantly impact how you track, handle, and sell your products. Here are five essential strategies to help you master your inventory’s UOM:
Employee fraud is a serious problem that can cost retail businesses a lot of money and reputation. According to a report by the Association of Certified Fraud Examiners, the median loss caused by occupational fraud in the retail industry was $200,000 in 2020. Some of the common types of employee fraud in retail include theft […]
Are you looking for a way to manage your inventory more efficiently and effectively? If so, you might want to check out Tracepos. Tracepos is a cloud-based inventory management software that helps you keep track of your products, sales, purchases, and expenses. Whether you run a single shop or multiple warehouses, Tracepos can help you […]