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GST-Ready ERP - SAP Business One

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When having an ERP software, you will have to make sure that it is GST ready. Being GST ready helps your business in several ways which is associated with GST compliance, tax filing, reconciling financial transaction and multi-level calculations. Let’s us quickly examine now as the possible areas that your business is in a dire need of GST-ready ERP. Your business has a complex tax structure. A complex tax structure kills your time and you need to avoid it as your business requires your undivided attention than all these calculations that can be easily automated. Multiple tax rates is one of the biggest hurdles that your business might be facing. You might be unaware of certain tax and legal formalities. Your business demands multiple compliance and rules. You need to have worldwide standard compliance which makes your business process quite complicated. The much talked about GST implementation has now become a reality. GST software will bring simplicity in the way bus
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Why you should invest in ERP System?

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This is probably one of the most tricky questions most small and mid-size businesses face at some point in time to use QuickBooks or invest in an ERP. This question may arise from the need if your organization is either stepping into new markets or experiencing exponential growth or facing some kind of complexity with the legacy software like Quickbooks. Initially, we need to understand that accounting and finance are the two important functions of any business. This is why; many organizations pick Quickbooks that looks after the accounting and finance needs of a business. But, are businesses only limited to accounting or managing financial transactions? Certainly, No. There is manufacturing, inventory, sales, planning, procurement, Production, formulation, quality control (QC), regulatory compliance etc., to consider. And to manage all these functions, you need to have a robust and international-standard ERP in place. Quickbooks are incredibly good but ERP solution
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Location: India
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A Quick Comparison of Tally ERP and SAP Business One ERP

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In this highly competitive and ever-evolving IT environment, it is necessary to have a robust software that can mitigate the operational complexities and enable the organization to make informed and strategic decision. there are many software in the market who can simplify the task and manage the complexities, but choosing the most suitable software for your organization is quite a mind-boggling task. Certainly, Tally ERP is the oldest and  prominent accounting software while SAP Business One is not just accounting but it is a comprehensive and integrated software that manage all the business hurdles in a smarter way. Let’s dive deep and know the differences in detail.  Introduction to Tally and SAP Business One Tally ERP is an evolved and extended version of the basic Tally accounting software which is primarily focused on GST, accounting, managing inventory, and other vital back-office functions. Tally is also beautifully integrated among various ar
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Location: India
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Inventory Transfer Request. You should Try It.

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If you are managing inventory across multiple warehouses you know how important it is to be able to keep track on items and quantities to the level of the single item. To make your inventory even better organized, SAP Business One provides you with Inventory Transfer Request. An internal document that allows you to record the need in inventory transfer without posting an inventory transaction. It updates the ‘Ordered’ and ‘Available’ quantity in the target warehouse (the same as sales order, production order and reserve invoice) and the respective accumulators in the source warehouse. The Inventory Transfer Request is available under Inventory > Inventory Transactions and can be generated also from within Sales Order, A/R Reserve Invoice, and Production Order. In addition, in certain scenarios, the MRP wizard may recommend creating an inventory transfer request.
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Location: India
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Set a Response for Exceeding Stock Levels

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Keeping the right quantity of each item at all time is practically an art, and when considering delicate or very expensive items – having too many or too little is not an option. SAP Business One enables you to optimize the inventory levels of each item by defining the required quantity, minimum, and maximum levels: Now, choose whether SAP Business One should notify the user or block a transaction in case it causes deviation from the defined inventory levels:
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Location: India
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Copying Data Efficiently and Safely from One Company to Another in SAP Business One

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The Quick Copy is a powerful tool for copying data from one SAP Business One company to another however, it requires planning and understanding in order to best utilize it. This post refers to the major settings that impact the copy process. Copy Method – there are four copy methods, each one serves a different data category: For example, Chart of Accounts is supported only by ‘Delete All Records Then Add New Records’ copy method, while copying Tax Group is supported by all methods except ‘Delete All Records…’. The online help contains a detailed description of the supported copy methods for each data category. Counting on that working assumption,first, you need to select the required copy method and according to this, the respective data categories will be made available in the data categories tree. Another key setting is the Accounting settings – when copying objects related to Chart of Accounts (for example, Items Master Data), you need to determine which account
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Location: India
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Make local valuable or die in SMB Wholesale Distribution

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Make local valuable or die in SMB Wholesale Distribution Relation between local small and medium wholesaler distributors and their suppliers and customers is a long story, based on mutual confidence. But today there are like a small island, where the storm will come in. They know what, but not always when. It is called BTB Markeplaces, such as AMAZON BUSINESS pure player on BTB. Recently Amazon Business entered the UK BTB Market bringing 100 Million articles and the free one day delivery . The temptation is there for wholesale customers, when you can have the same commodity product cheaper and faster, directly at your location, your long-time relationship might just blow away. In office suppliers, in industrial supplies, in High tech supplies, in Food supplies, everywhere for Small and Medium Wholesale distributors the danger is hot. In fact, this is harder than a storm, a storm is for a limited time, When a pure BTB market place like Amazon or Alibaba arrive, they Stay, th
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Location: India
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