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Daraz Seller Center Srilanka

Explore new opportunities with Daraz seller center Sri Lanka

Explore new opportunities with Daraz seller center Sri Lanka Daraz Sri Lanka is unarguably one…

Daraz

How to Integrate your Daraz Store with Asaan Retail in 30 Seconds

How to Integrate your Daraz Store with Asaan Retail in 30 Seconds You asked — we listened. Asaan Retail can now be integrated with your multiple Daraz stores within seconds. How to integrate your Asaan Retail App with Daraz Seller Center   1. Add a new Third Party   To add a new Third Party, click the "Parties" dropdown in left menu and select option "Add Third Party". This will take you to Third Party addition screen. On this screen, fill in the Third Party name which will be used to identify the Third Party throughout your app. All other fields are optional. Select Third Party Type as "Daraz" from Thirdparty Type dropdown on this screen.   You'll now see three fields here which needs to be filled for successful connection. These 3 fields are Daraz Seller Center's API URL, your Daraz Seller Center Email, and API Key. The procedure to get this information is mentioned in step 2.   2. Sign in to your Daraz Seller Center to get required information for integration.   For this, first you'll have to sign in to your Daraz seller center account and go to "API Test Tool" option. On this screen, click the show button. This will reveal your API Key, which you'll need to paste on your Asaan Retail customer information. Copy and paste the following data.   3. Copy & Paste the information highlighted in your Asaan Retail App's Add Third Party screen.   After you've pasted your information here, press the "Test Connection" button to test your connection. You should get the following success message. Now, just press "Add" button and that's it! Congratulations, you've just integrated your Daraz store with your Asaan Retail app.     You can now:   1. Pull Orders from Your Daraz Store(s) Directly in Asaan Retail   To manage orders of your Daraz store which you've just integrated, you just have to go to the "Import Orders" screen now and press a single button. Here's how it works.Go to "Import Orders" option available under "Orders" dropdown in left menu. Select the Third Party (Daraz Store) which we've just integrated. Press Fetch button on top right corner of screen as shown. This'll fetch all orders from your Daraz store according to your selected order status i.e. Pending, Ready to Ship, Shipped, Delivered. Orders are being fetched with their respective Order Numbers and Tracking Numbers. Click generate invoice to save automatically generated invoice!   2. Stock-In Products on Your Daraz Store(s)   Asaan Retail Point of Sale Software provides you with the convenience to stock-in products on your Daraz Shops in just a second. We'll show how simple it is. First, go to stock-in products screen. This screen shows you the products which were marked as stocked-out previously and are now back in stock. Here you can select the products you want to stock in on your Daraz Store.Just select the products, select customer (Daraz Store), and hit API Update button.   3. Stock-Out Products on Your Daraz Store(s) Marking a product as stocked-out is similar to marking it as stock-in.   4. Change Rates of Products on Your Daraz Store(s) Changing rates of any product on your Daraz Store works similar to marking them as stock-in and stock-out.   Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content How to Integrate your Daraz Store with Asaan Retail in 30 Seconds 1. Add a new Third Party 2. Sign in to your Daraz Seller Center to get required information for integration. 3. Copy & Paste the information highlighted in your Asaan Retail App's Add Third Party screen. You can now: 1. Pull Orders from Your Daraz Store(s) Directly in Asaan Retail 2. Stock-In Products on Your Daraz Store(s) 3. Stock-Out Products on Your Daraz Store(s) 4. Change Rates of Products on Your Daraz Store(s) 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment
WooCommerce

Integrate Woocommerce Store with Asaan Retail in 3 Simple Steps

Integrate Woocommerce Store with Asaan Retail in 3 Simple Steps Asaan Retail can now be integrated with your woo-commerce stores in seconds. We'll tell you 3 easy steps to do it. How to manage inventory and orders on your woo-commerce store with Asaan Retail   1. Add a new Third Party   To add a new Third Party, click the "Parties" dropdown in left menu and select option "Add Third Party". This will take you to Third Party addition screen. On this screen, fill in the Third Party name which will be used to identify the Third Party throughout your app. All other fields are optional. Select Third Party Type as "Woocommerce" from Thirdparty Type dropdown on this screen. You'll now see three configurable options here where you'll have to enter your woo-commerce website's URL, API Consumer Key, and API Consumer Secret. We'll let you know how to do that, don't worry.   2. Obtain Credentials from your Woo-commerce Store   First, you'll have to login into your wordpress admin panel using admin credentials. After logging in, you'll be seeing a selection menu at the left of screen as shown, select Woocommerce > Settings from this list. After this, go to the advanced tab as shown Now, select Rest API from options shown After this, click "Add Key" button to generate a new API Key. Fill in the required details now as shown and hit "Generate API Key" button. Now, copy "API Consumer Key" and "API Consumer Secret". You'll have to paste this into your Asaan Retail App.   3. Go back to your Asaan Digital Retail app   In your Asaan Digital Retail app, copy and paste the API Consumer Key and API Consumer Secret your just generated from your woocommerce store along with your URL of Woocommerce store. Click "Add" button now and you're integrated. Congratulations!   Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content Integrate Woocommerce Store with Asaan Retail in 3 Simple Steps How to manage inventory and orders on your woo-commerce store with Asaan Retail 1. Add a new Third Party 2. Obtain Credentials from your Woo-commerce Store 3. Go back to your Asaan Digital Retail app 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment
Tips & Tricks

How to Integrate Asaan Retail in Windows and MAC with your Zebra Label Printer

How to Integrate Asaan Retail in Windows and MAC with your Zebra Label Printer Print barcode labels easily with Asaan Retail to manage inventory, we'll let you know how Easily Print Barcodes with your Zebra Label Printer, Get Started in Seconds, We'll tell you Three Easy Steps to do it. 1. Download Zebra Browserprint Before downloading Zebra Browserprint for your Windows or MAC machine, please check whether your Label Printer is in the compatibility list or not. If your printer is supported by Zebra Browserprint, you can donwload it for your Windows or MAC machine from here. After downloading, run the setup and follow the instructions in official setup guide for your respective OS (Windows or MAC). 2. Go to Print Barcode Screen in your Asaan Retail app After successful installation of Zebra Browser Print, you can verify whether your Zebra Printer is successfully configured or not from your Asaan Retail app.To do this, go to Barcode > Print Barcodes option in your Asaan Retail app as shown. Search here the products from Search Products bar for which you want to print barcodes, add them to the printing list, and click Proceed button. 3. Select your Printer and Media Type On this step, first you'll be prompted to add your app URL to accepted hosts by Zebra Browserprint, select 'Yes' to allow. If you've configured your printer correctly with Zebra Browser Print, and Zebra Browserprint is running, you should see your printer listed on this screen as shown below. If your printer is listed here, you're good to go. Just select your Media Type now (2 stickers in a row or 1) and click Print button. Some basic troubleshooting: If you're unable to print barcodes and you've done every thing correct, please checkout if Zebra Browserprint is running, you can verify by checking your system tray as shown in Screenshot below.  If your Zebra Browserprint is running, please check if the SSL Certificate has been accepted in your browser. To do this, visit https://localhost:9101/ssl_support in your browser. If you see here the prompt that Your Connection is not Private, click Advanced button in the bottom and then Proceed to Localhost. Your certificate will be accepted and you're ready to roll out barcodes now.If you still face issues, do not hesitate to reach out to our support. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content How to Integrate Asaan Retail in Windows and MAC with your Zebra Label Printer Easily Print Barcodes with your Zebra Label Printer, Get Started in Seconds, We'll tell you Three Easy Steps to do it. 1. Download Zebra Browserprint 2. Go to Print Barcode Screen in your Asaan Retail app 3. Select your Printer and Media Type Some basic troubleshooting: 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment
Daraz

How to Automatically Sync Stock to your Daraz Stores and Websites through Asaan Retail

How to Automatically Sync Stock to your Daraz Stores and Websites through Asaan Retail Easy to understand, easy to configure, that's why we call it "Asaan". Choose what thousands of retailers are opting for. You asked, we listened!   In this digital era where e-commerce and digitization are the only keys to make your business sustainable, Asaan Retail has launched a new feature which'll help you to keep your Marketplace, and Website stock synced with your POS stock.This feature is already launched and available to customers using version 20.4 of Asaan Retail, if you haven't upgraded already, do so now at no extra cost because we never charge for new features.   To configure and enable this functionality:    1. Go to configurations tab in your Asaan Retail app as shown     2. On configurations screen, you can find "Third Party Stock Sync Interval (Hours)" setting   This value is by default set to '0', which indicates that stock will not be synced automatically. To change the configuration, change the value from '0' to the interval (in hours) after which you want to sync your POS stock to your website or marketplace store as shown.   3. Save changes   Tadaaa! now your POS stock will be synced to all of your all third party stores automatically, completely eliminating the manual work!Reach out to us in case of any queries, we're always happy to help. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content How to Automatically Sync Stock to your Daraz Stores and Websites through Asaan Retail You asked, we listened! To configure and enable this functionality: 1. Go to configurations tab in your Asaan Retail app as shown 2. On configurations screen, you can find "Third Party Stock Sync Interval (Hours)" setting 3. Save changes 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment
Point of Sale

FREE 15 Days Trial is Here; Get the Most out of your Asaan Retail Subscription

FREE 15 Days Trial is Here; Get the Most out of your Asaan Retail Subscription Asaan Retail is now offering FREE 15-days trial, see it yourself why Asaan Retail is a choice of every retailer! An opportunity that should not be missed!   Asaan Retail believes in the digital future, and is thus taking every step possible into the innovation world. With the increasing demand of SMEs for cloud products, we're now offering free 15-days trial of Asaan Retail which can be started right away with no limitations. Now can start your FREE 15-days trial of Asaan Retail directly from our website with as much integrations, locations and user you want. Collaborate with your staff, sync your stock, pull orders and invoices and much more with our every growing cloud infrastructure.   At least 40% of all businesses will die in the next 10 years… if they don’t figure out how to change their entire company to accommodate new technologies. John Chambers, Cisco System Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content FREE 15 Days Trial is Here; Get the Most out of your Asaan Retail Subscription An opportunity that should not be missed! 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment
Shopify

How to Integrate your Shopify Store with Asaan Retail on the Go!

How to Integrate your Shopify Store with Asaan Retail on the Go! Asaan Retail can be easily integrated with your Shopify store to manage sales and fulfillments. Learn here how to do this. Generate credentials from the Shopify admin   Log in and then generate the required credentials from the store admin:   1. From your Shopify admin, go to Apps as shown below.   2. Click Manage private apps, near the bottom of the page.   3. Click Create a new private app.   4. In the App details section, enter name for the private app and a contact email address.   5. In the Admin API section, allow read and write access to all the areas of your store (you can change the settings later).   6. Keep ‘Allow this app to access your storefront data using the Storefront API.’ unchecked.       7. Click Save, then Create App.   8. You'll see your API key and password in the Admin API. You can use these credentials to make authenticated requests to the Shopify store that uses your application.   9. Create a new third party in your Asaan Digital Retail app using your credentials and Test the Connection.   You're all set to explore the whole new world of Automation. Didn't we say it was this much easy? Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content How to Integrate your Shopify Store with Asaan Retail on the Go! Generate credentials from the Shopify admin Log in and then generate the required credentials from the store admin 1. From your Shopify admin, go to Apps as shown below. 2. Click Manage private apps, near the bottom of the page. 3. Click Create a new private app. 4. In the App details section, enter name for the private app and a contact email address. 5. In the Admin API section, allow read and write access to all the areas of your store (you can change the settings later). 6. Keep 'Allow this app to access your storefront data using the Storefront API.' unchecked. 7. Click Save, then Create App. 8. You'll see your API key and password in the Admin API. You can use these credentials to make authenticated requests to the Shopify store that uses your application. 9. Create a new third party in your Asaan Digital Retail app using your credentials and Test the Connection. You're all set to explore the whole new world of Automation. Didn't we say it was this much easy? 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment
Point of Sale

How can the Right Retail POS Scale your Business?

How can the Right Retail POS Scale your Business? The right retail POS gives access to real-time data, allows ease of use for employees, thus building customer loyalty and scaling the business in an Omnichannel world. You have thought about scaling up your business. This thought might have brought forth many questions: What is the best time to do it? How can I do it? Which is the best place to begin? While you think of the ways in which you can scale your retail outlet, you consider options that give you the best Return on Investment and maximize your target audience reach. Investment in the right Point-of-Sale system can do wonders for your business and act as a springboard for your business to attain your targets of scaling up. While there are a lot of Point-of-Sale systems available, how do you know which is the one right for your business? Let’s talk about how the right POS help you in attaining your scaling-up goals: Real-time Data The world is changing quickly, and so should your business. Data analysis is one way to gauge the world around you and strategize accordingly. The right POS system will not only help you gather the data you collect through you retail, but also offer data analysis to show you real-time changes in demand, inventory management, and supply so your business is agile and caters the needs of your customers and suppliers. The right POS will analyze your business data, so you know exactly what to scale in your business and how to go about it. Ease of Use Training the employees to use a complex POS system can be challenging. However, a system that is user-friendly removes the hassle of re-training your employees. An efficient POS system will help increase your speed to market by speeding up your business operations and removing unnecessary complications. It will reduce waiting times for your customers so they are given the customer service that will make them loyal to your brand, scaling your market share in the process. Integrations In the new tech-based world, physical stores have to be integrated to online marketplaces and platforms to increase the customer touchpoints to raise the brand’s awareness and increase the brand value. Customer touchpoints are the points of contact with a customer, whether it be a physical store, online advertisements, or e-commerce websites. Any touchpoint can alter the way that the potential customer thinks about your brand. Therefore, it is important to be available at different platforms and effectively manage each one of them to help develop your brand image and compete with other retailers.    The right POS system will help you integrate your store to e-retail platforms and scale the number of people you reach and the number of touchpoints with a potential customer. Asaan Retail offers all of these essentials and much more to help you scale your business the way you want to. Asaan Retail is offering a FREE trial that will help you assess how Asaan Retail is the right POS system for your business and the best Return on Investment in your step towards scaling your business. Start your 15-day trial with Asaan Retail today and scale your business to the heights!     Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content How can the Right Retail POS Scale your Business? 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

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Point of Sale

Use of technology breaking traditions in retail businesses

Use of technology breaking traditions in retail businesses Ever thought you would be able to see the future of your business and predict your customers? Now it is doable with intelligent point-of-sale systems. According to a study by Grand View Research, by 2025, "the global demand for point-of-sale terminals is projected to hit USD 108.46 billion". Since company owners rely on information to make better choices for their companies and consumers require unique shopping experiences, POS systems are becoming the bridge between retail businesses and customers. The point-of-sale system is the very core of every organization, one that can incorporate and build synergy between marketing, inventory, accounting, and data analytics. There is no way to correctly understand how much live inventory is in the store, which is the average stock time of the bestselling SKU, etc. Once the core B2B supply chain system is created, if the start-ups are able to leverage their connection and provide inventory management and POS framework, they will be able to leverage the infrastructure to create several other revenue streams for themselves and provide retailers with greater data to prevent from stock-outs and cost reduction.   Check the killer recipe of retail POS below, Predict your customers using data! POS systems provide a role similar to some of the market's best retail business intelligence tools. To create the best experience, it will help you process the data from your clients. Using this pattern, companies can recognize customer preferences, optimize their marketing campaigns, and make changes using real-time data. Pay through mobiles with POS! Customers use smartphones for most of their purchases, as the number of mobile users continues to expand. Not only did this advancement take us away from two conventional markets, cash and cash registers, but it also allowed the technology to move forward and establish a portable store point of sale solution. Asia Pacific countries have completely adopted the use of mobile payments, as mobile POS users are rising 16.2 percent year on year. It consists mainly of scanning codes and authenticating the transaction. New technology companies are developing digital wallets that allow users to pay conveniently from their phones. Post pandemic – High time to adapt POS There has been a significant change in consumer purchasing from in-store to online, with an online selection of better offers. By making tablets accessible for customers to look up data and make purchases, several retail stores are seeking to provide a more 'online' experience. Clients may also put these orders to be shipped to their house. Retailers are searching for processes that can strengthen their retail businesses. As a result, to set up digital sales accounts for them to send an e-mail receipt and customize their shopping experience when linking online channels, mobile apps, and physical interactions, they collect customer information such as e-mail addresses at POS. Why integrate AsaanRetail’s POS It takes many instruments to operate a retail business. You've got your POS system, shopping cart for e-commerce, payment processor, accounting software, ERP, CRM, etc.  It will be difficult for you to find a single solution that really does all of the above well, which is why retail ecosystems are so important.  Do your retail business a favor and get all of it by integrating a free trial of Asaan Retail’s POS that keep data seamlessly flowing through your systems. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content Use of technology breaking traditions in retail businesses Predict your customers using data! Pay through mobiles with POS! Post pandemic - High time to adapt POS Why integrate AsaanRetail's PO 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

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Accounting Management

Use Profit and Loss Statement to Boost your Business

Use Profit and Loss Statement to Boost your Business How can a simple tool; the Profit and Loss Statement help you grow your business? Learn how you can strategize for success through POS accounting. One simple tool that aids in assessing where your business stands and which points you need to work on is the Income Statement or the Profit and Loss Statement. The journey from the present to the future that you see for your business holds many challenges. A profit and loss statement can greatly contribute to effective decision-making. This is because you often need to make decisions to determine the strategy that you need to adopt to ensure that you achieve the future you have dreamed of. It is widely known that financial accounting and reporting must be incorporated into business decision-making to ensure that you can effectively design an execution roadmap for your business.  Thorough financial statement analysis is quite important when it comes to helping boost your business. Specifically, for retail, modern solutions such as cloud accounting software help set measurable outcomes and determine the degree to which the objectives are attained. This article will discuss one component of accounting for retail operations: The Profit and Loss Statement. Here's how a Profit & Loss Statement can help you boost your business and make timely and informed decisions: Comparing Trends and Performance You can convert your Profit & Loss Statement into a powerful decision-making tool. If your P&L Statement is comparative, you can view the changes in your business over time. This will help you in comparing the expenses that your business incurs and the changes in profits. In case your business has seasonal performance, an effective Profit and Loss statement can help you gauge your performance from the same period in the previous years. Therefore, helping you assess if any strategy, marketing investment, or changes you have implemented have paid off. Deploying an Accounting Information System An accounting information system can help you divide your accounts into different accounting modules. Once you get an idea of your revenue-generating centers and which centers incur expenses, you can assess the percentage of revenue that each expense has. This includes both direct and indirect costs, which will provide you with a view of the business activities and how to minimize expenses to improve the profit percentage effectively to improve the profit percentage effectively. You can use a benchmarking approach to assess your performance compared to the industry average or benchmarking based on previous performance. An effective P&L Statement also groups expense categories. For example, staff and labor costs can be separated from other expenses to assess their revenue percentage. This can help in improving staffing decisions and managing labor costs such that maximum output is attained. A balance sheet can further help in assessing the ratio of liabilities to profitability. It is also a useful tool in determining the position of your retail business. Identify Well-Performing Business Units The P&L Statement can help you identify the business units that are performing efficiently. This can help you make future investment decisions. You can also compare the changes made, such as operational or functional level changes that might have resulted in a positive output. This might help you in implementing the same strategy onto other business units. On the contrary, it can also help identify underperforming business activities. You might decide to change the strategy of these activities or business units or discontinue underperforming units. Stage and Gate your Current Strategy If you have implemented a strategy, the stage-gate process or waterfall process can help you identify the performance of different strategy phases. These stages might have different decision-points at every step. A Profit and Loss Statement will help you compare the performance, so you can have an informed direction when making the decision. Thus, a P&L Statement also helps implement a strategy and not only just analyze pre-and post-implementation performance. Improve Reporting Time – Cloud-Based Accounting Software Cloud-based accounting software is being increasingly used by retailers all over the world. Accounting software helps in improving the efficiency of financial reporting. When the data is directly uploaded to the cloud via a POS accounting system, it is easy to get a real-time analysis of the performance. It helps track the strategy's effectiveness and thus, enabling you to make changes according to the response. It can help implement the strategy through a stage and gate process. Therefore, it minimizes your investment risk and helps you attain the success you are aiming for. How to do a Test Run for P&L Statement's Effectiveness? All in all, a Profit and Loss Statement can help you make informed decisions for your business. Thus, it is a powerful tool that can boost your business. The only condition is the effectiveness of this reporting tool. Asaan retail has a P&L statement and many other reports and tools that help you make informed decisions. You can customize the way you want your financial statements to be delivered so that you can better strategize at a functional, operational, or corporate level. What's better is that Asaan Retail provides a Free 15-day trial for you to gauge how Asaan Retail can maximize your business efficiency. So, sign up now! Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content Use Profit and Loss Statement to Boost your Business Comparing Trends and Performance Deploying an Accounting Information System Identify Well-Performing Business Units Stage and Gate your Current Strategy Improve Reporting Time - Cloud-Based Accounting Software How to do a Test Run for P&L Statement's Effectiveness? 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 9, 2022

0 Comment

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