What Nextgen AIS can do for Trading/ Goods Buying & Selling Entities
In Addition to Full Procurement to Pay Process , Invoice to Receipt Cycles , MIS , Forecasting and other Features For Trading Entities , Nextgen AIS Gives better Grip on Costs , Stock , Quality
Nextgen AIS Auto Recognises Cost of Goods Sold.
Once you raise Sale Invoice , System auto calculates “Cost” for the Item sold and passes Entry for ‘Cost of Goods Sold’ to Profit & Loss.
There by Profit & Loss immediately shows both Revenue and Corresponding Cost as well.
Reports are available to show , By each Sale Invoice wise , If you made Proft or Loss. So that you can correct your Price lists and Improve Gross Margins.
AIS Can generate Productwise Profit & Loss , Trail balance , Stock and Other Reports
Quality Control & Stock Control
For Purchases , While doing Material entry Quality testing be done and results captured to Material receipt ,With this your Stock be assured of Good quality.
Stock register Not only gives Stock Value ,Quantity Also gives Manufacturing date , Expiry date ,Lot Number , Batch , Barcode , Qrcode ,Warranty etc Demographies.
Comes with Default “Store Management” , you can active “Gatepass Management” and “Bin Mechanism” (Like Wharehouse management)
If you activate “Bin Mechanism” , you can even have more control on Stock Locaiton and Position.