A children's toy shop is a highly profitable business! However, due to not maintaining accurate and proper accounts, business owners often face financial losses. In retail and wholesale toy businesses, ensuring profits and growth is possible only by keeping accurate records of the business.
In this case, keeping accurate records of sales and stock plays the most crucial role. To make this task easier, you need to use a comprehensive accounting app or bookkeeping software. With this, you can track your business's daily transactions and receive all the support needed for managing the business efficiently. HishabPati app is such an easy, affordable & strong software for Bangladeshi Business.
In today's blog, we will see how you can manage both retail and wholesale accounts for a children's toy store in an app, and why you should choose the HishabPati app.
This blog contains-
Each business faces unique challenges, and running a toy store is no different. Managing a store that handles both retail and wholesale sales brings its own set of complexities. Regular stock management, sales tracking, customer transactions, and profit-loss analysis can become quite overwhelming. In such cases, a reliable and user-friendly accounting system becomes essential. Let's explore the key areas to focus on when managing a children's toy store and how these challenges can be solved effectively.
What types of records need to be maintained when managing a children's toy store?
For managing a toy store, it's essential to keep track of various types of records, such as-
- Stock Management: It is important to know the exact number of toy items or categories in the store and how many products are available in each category.
- Daily customer transactions: Separate transaction records should be maintained for retail and wholesale sales. It’s essential to keep track of customer or party transactions in both cases.
- Record of business expenses and income: Accurate records of daily expenses, such as the cost of purchasing products, store rent, employee salaries, and snacks, should be maintained. Additionally, income records must also be kept precise.
- Profit and loss analysis of the business: Calculating the profit or loss of the business on a monthly or annual basis is essential. Additionally, analyzing the business's stock is also important.
Manage your children's toy store with the HishabPati app!
The HishabPati app is a modern and user-friendly application. Here, you can manage daily transactions, stock management, and income and expenses for your children's toy store. This app has some special features that are highly beneficial for managing a toy store.
1. Simplifying retail and wholesale sales management.
Multiple customers visit the children's toy store, some for retail and others for wholesale purchases. The HishabPati app will provide you with the opportunity to manage both types of sales. With it, you can maintain separate records for retail and wholesale transactions, which will help you analyze the business transactions later.
2. Easy solutions for stock management.
Stock management is the most important aspect of the toy business. Knowing how much inventory of each product is available and which items are selling quickly makes it easier to grow the business. With the HishabPati app, you can easily keep track of stock updates for each toy item. The stock-related features of HishabPati include-
- The ability to add unlimited products.
- The ability to add unlimited parties.
- The ability to add product categories.
- The ability to set various units of measurement for products.
- The ability to modify stock based on products.
- Stock-out alert feature.
- Out of Stock Product Expiry Alarm Features
- The ability to view stock reports.
To know more read-
Easy and affordable stock management software: HishabPati
3. Maintaining records according to different toy categories.
Children's toys can come in many varieties. You can create separate categories for each of these products. This feature will help you understand which types of toys are selling more and in which categories you should increase your investment.
4. The ability to record sales and create invoices.
Keeping records of daily sales and providing invoices for each customer transaction is a crucial aspect of the business. With the HishabPati app, you can maintain accurate records of each sale and automatically generate invoices. This will help you eliminate paper hassles and offer a more professional service to your customers.
5. Opportunity for detailed profit-loss and income-expense analysis.
Keeping track of profit and loss is crucial when managing a children's toy store. With the HishabPati app, you can generate profit and loss reports for your store on a daily, weekly, or monthly basis. You will be able to see which months had higher sales and which had lower sales, allowing you to strategize your business accordingly.
6. Easier communication with wholesale vendors.
When managing a wholesale toy store, it is essential to maintain regular communication with wholesale suppliers and keep track of transactions. The HishabPati app simplifies this task. Through the app, you can easily keep records of transactions with wholesale suppliers and generate reports as needed. If necessary, you can also send messages regarding outstanding balances!
7. The ability to add multiple users.
HishabPati offers the ability to add multiple users. If the children's toy store grows, you can hire employees as managers and salespeople and grant them access to the app.
8. The ability to send reminders for outstanding balances.
You can keep track of outstanding balances and update customers and parties by sending reminder messages. The app even has the feature to send instant reminder messages for each transaction.
Why HishabPati for Toy Store Owners
With HishabPati, you can manage stock, record daily transactions, and track profit and loss. Additionally, its automated invoicing, management of wholesale and retail accounts, and detailed reporting features will help you run a smart and well-organized business.
1. Easy to use
The HishabPati app is very user-friendly. Even those with minimal accounting knowledge can easily use it to keep track of daily records. Without any complex processes, the app allows users to maintain records for both retail and wholesale sales effortlessly.
2. Suitable for businesses in Bangladesh
The HishabPati app is specially designed to suit businesses in Bangladesh. It allows you to keep records in Bengali. The app’s features are tailored to meet the various needs of managing toy stores in Bangladesh.
3. Automated report generation for each sector
Another important benefit is the ability to automatically generate monthly or yearly profit and loss reports. This allows you to quickly analyze the financial status of your business and take necessary actions. You can generate reports for each sector of your business.
4. The ability to keep records offline
Sometimes, internet connectivity may not be available in the store. To solve this issue, the HishabPati app works offline, allowing you to record transactions and accounts without an active internet connection. Once reconnected, the data will automatically sync to the server.
Keeping track of retail and wholesale accounts for a children's toy store can be quite cumbersome and time-consuming. However, using the right tools can make it much easier. With the HishabPati app, you can easily manage your store's daily records, stock management, and sales tracking. So, don’t hesitate any longer—start keeping your accounts with the HishabPati app!
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!
