Warehouse Accounting Features

21 february 2020

Every warehouse has its own working rules, but over time, mess can accumulate in the space. This not only deteriorates the quality of the enterprise's work but also affects the condition of the goods stored here. Problems often arise with finding spare parts, packaging, and products. As a result, the order processing time increases, which directly leads to reduced profits, as employees are able to complete fewer requests.

Another equally pressing issue is that stores often sell products that are not in stock. Customers then need to wait significantly longer for their orders: first, the item is searched for in the warehouse, then it is assembled, delivered to the store, and finally sent to the customer. In some cases, the waiting time stretches from several days to several weeks.

To proactively avoid these issues, you will need software for the service center with inventory management capabilities. Utilize it during the establishment phase of your company or apply it to an already operational warehouse. This software will help you automate all stages of work, organize everything systematically, and conduct inventories without complications.

 

Main Objectives of Warehouse Accounting

Computer programs for business management are relevant across all sectors, including warehouses. Such software is convenient to use, offers remote access, and can be utilized via any computer, smartphone, or tablet. Managers can control the situation in the warehouse even while in another country or time zone. The software encompasses a complete set of features that significantly improve and optimize the operations of the entire enterprise.

The warehouse management software performs the following tasks:

  • Inventory Control. The program keeps track of items, ensuring that the inventory in the system matches what is physically present in the warehouse.
  • Sales Tracking. The service center's inventory management software allows for the analysis of sales and forecasting for the following month. This way, you can make automated purchases, preventing unsold products from lingering in the warehouse for months.
  • Order Fulfillment. Since the software conducts quick information searches and shows the location of each item, you can find any product in just a few minutes. This accelerates order processing, delivery, and overall sales.
  • Systematization. A CRM for the warehouse helps organize the placement of goods, spare parts, and devices. Each item has its designated spot marked in the system. A label with a barcode is attached to the packaging, which can be scanned to instantly access the product card in the system.
  • Product Tracking. By opening the product card in the system, you can see all its movements, check the history of operations, and understand the order processing stages. Additionally, inventory control helps prevent theft.

 

Types of Warehouse Accounting

Each warehouse has specific operational features dictated by its industry. There are general rules as well as individual conditions for particular businesses. By choosing appropriate software, you can utilize one of the types of warehouse accounting for your company:

  • Itemized. All products are divided into groups, and each item receives a personal card. This method is typically used for warehouses with low product turnover.
  • By variety. This method is more complex as it involves classifying all items into groups and categories.
  • By batches. All products are categorized based on their shelf life.
  • By batches and varieties. Goods in the warehouse are divided by batches, and then within each group, products are further categorized by variety.

The automation program for the Gincore service center is the best software available in today's IT market. With it, you can not only organize the warehouse but also automate all processes. Getting started with the software is simple: just register in a few minutes and familiarize yourself with the main functions. Soon, you will increase the efficiency and profitability of your company.

 

Try Gincore for free

 


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