Furniture businesses are becoming increasingly popular among small and medium entrepreneurs in Bangladesh. However, as the size of a furniture store grows, managing its accounts often becomes a challenging task. Keeping track of products, clients, dues, income, expenses, and stock can be overwhelming. That’s why having a single platform to manage the A-to-Z of a furniture business can make operations much smoother.
A reliable accounting software can provide you with complete support for this task. You can even manage the entire business accounting from your mobile! Keeping track of all accounts for a furniture store on your mobile is no longer a difficult task; instead, it’s a straightforward process. For this, you can use Bangladesh's popular accounting software, HishabPati. It allows you to easily manage the A-to-Z accounting of your furniture business. HishabPati app can be effective for your furniture business is the focus of today’s blog.
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Accounting is Essential for Furniture Businesses
To successfully run a furniture business, you need to take some essential initial steps. These include daily income and expense tracking, inventory management, recording costs, tracking customer data, and maintaining a record of all transactions. In fact, managing these aspects effectively is crucial for any business.
Income and Expense Tracking: If you fail to maintain this record, calculating profits and losses becomes challenging. Keeping accurate records of every transaction in the furniture business makes it easier to manage income streams and control expenses.
Inventory Management: Knowing which products are in stock, which are out of stock, which items are selling well, and which are not can help increase product sales. Effective inventory management is, therefore, crucial for optimizing sales and ensuring that the right products are always available for customers.
Accurate Business Decisions: Making business decisions without accurate information can be risky. Therefore, it is essential to store and maintain the necessary data for the smooth and informed operation of the business.
Keep Your Furniture Business Accounts in HishabPati!
As a business owner, your main goal should be to have an app where all the operations of your business can be managed efficiently. The HishabPati app is capable of covering every aspect of your furniture business. Let’s explore the app's various features and discuss how it can help automate and streamline your furniture business operations.
1. Simple and Effective Inventory Management
Remember, inventory management is crucial in the furniture business. With the HishabPati app, controlling your furniture store's inventory becomes much easier. Through the app, you can know:
- How much stock is available for each product?
- Which products have higher demand and which have lower?
- Is the stock available according to the orders?
There’s no need to maintain separate ledger books for inventory updates anymore. With HishabPati, you can view the inventory status of all products in your furniture store with just one click. You can even receive notifications when a product is out of stock, ensuring you stay on top of your inventory without any hassle!
2. Accurate Sales and Income-Expense Tracking
Tracking daily sales and expenses for your furniture shop can be a hassle, especially when you have to record everything manually. However, with the HishabPati app, you can easily keep track of sales and income-expense records. You can store every transaction, making it easier to calculate monthly or yearly accounts. By generating invoices or bills, you can maintain transparency in your transactions and ensure accurate financial management.
- Everything at a Glance on the Dashboard: On the HishabPati dashboard, you can easily view daily income, expenses, cash flow, and more. This enables you to access all the financial data of your furniture business in one place, making it convenient to monitor and manage your business’s financial health.
- Automated Accounting: No more manual record-keeping with pen and paper. The HishabPati app automatically updates income and expense records for you. All you need to do is input the transaction details, and the app takes care of the rest, ensuring your financial data is always accurate and up-to-date.
3. Business Data Stored Accurately and Securely
Tracking daily transactions accurately is crucial in the furniture business. With HishabPati, these transactions are securely stored on a digital platform. Along with transaction details, customer information can also be saved. Additionally, you can input data in offline mode, and once your device reconnects to the internet, the data will be saved to the server. This ensures that even if your device (mobile or laptop) is lost, your data remains secure.
4. Monthly and Annual Reports for Your Furniture Business
Generating necessary reports for your furniture business is very easy with the HishabPati app. You can view weekly, monthly, and annual income-expense reports, which will help you understand the current state of your business and assist in making future plans.
- Business Report Generation Reports based on your business’s profit and loss, expenses, and income can be easily generated. HishabPati allows you to create various types of reports, giving you insights into your business’s financial health.
- Data analysis: You can analyze which products have higher demand and when sales increase. Various reports will help you make decisions.
5. Other Features of the HishabPati App
- Data Security: The app has advanced data security measures to keep your business’s important information safe. HishabPati is a SaaS-based application, and all its data is stored on cloud servers. This ensures that your valuable data is never at risk of being lost.
- Access from Anywhere: You can use HishabPati on your mobile, meaning you can access it anytime and from anywhere. This gives you the flexibility to manage your furniture business on the go, without being tied to a specific location.
- User-Friendly Interface: The interface of HishabPati is designed in such a way that you can view the entire accounting of your furniture business with just a few clicks. This makes it very easy for regular business owners to use, even if they have limited technical knowledge.
- Offline Mode: You can work in offline mode as well. Once your device or mobile is connected to the internet, the data will be saved to the server. This ensures that even if your mobile or laptop is lost, your data remains intact and secure.
- Add Unlimited Products and Parties: There is no need for separate ledgers to store product and party information. With HishabPati, you can save unlimited products and party lists in one place. By storing customer information, you can easily use it for future offers or discounts, making your marketing strategies more effective.
To manage your furniture business digitally, keeping accurate records is crucial. Start using the HishabPati app today and begin tracking your furniture business’s A to Z accounts directly from your mobile. This will help streamline your operations and ensure smooth management.
Start your journey with HishabPati in three simple steps!
- Sign up on HishabPati:
First, visit the HishabPati website and create an account for your business. Alternatively, download hisabpati app from google play store and register. Registration in HishabPati is quite easy & complete free.
- Set up your company:
After signing up, first set up your business profile by providing the necessary information as the owner. Then, set up essential business aspects such as inventory, units, purchases and sales, outstanding balances, invoices, and transactions. After that, start updating daily transactions.
- Enjoy the various features of HishabPati:
Once you start managing your business accounts with HishabPati, make sure to utilize the necessary and unique features, such as invoicing, barcode scanning, units, and expense management. To understand how to use HishabPati and its features in detail, watch demo videos in Bengali on YouTube.
Digital ledger for income and expenses – HishabPati demo.
HishabPati's subscription fee starts at just 99 Taka!
HishabPati is Bangladesh's easiest and most affordable accounting app. Its subscription fee is divided into monthly and annual terms, with three budget-friendly packages available.
- 01. Basic Package: The Basic package is completely free! This means you can try out the app without purchasing a subscription.
- 02. Premium Package: The monthly subscription fee for the premium package is just BDT.99. And there's a 17% discount on annual subscriptions! It will cost only 999 taka in a year!
- 03. Business Package: The monthly subscription fee for the Business package is just 199 Taka. Like the Premium package, the annual subscription also comes with a 17% discount, making the yearly cost only 1990 Taka.
Know about all features of packages today in details & choose your desired package. Good luck with your business!
