One of the biggest advantages of the crockery business is that it's a year-round venture! There is no specific season or off-season for this business. So, even if a crockery or dishware shop runs a little slow, it continues to operate throughout the year. Therefore, managing accounts in the crockery business requires a calm and steady approach. The crockery business in Bangladesh is growing day by day, and to meet customer demand, traders are importing and selling various types of crockery items.
However, running a crockery business can be quite complex if proper accounting is not maintained. Without accurate bookkeeping, calculating profits becomes difficult, and the risk to the business increases. To solve this issue HishabPati app can be most easy & efficient solution. Hisabpati is one of the most popular accounting software in Bangladesh, which helps to manage all business accounts easily and efficiently.
Let's take a look at how HishabPati can help you manage the accounts of your dishware shop or crockery business.
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What are the main challenges in bookkeeping for a crockery business?
In the crockery business, you need to keep track of daily sales, manage inventory or stock, determine the costs of purchases from the wholesale market, and verify income and expenses over specific periods. Most of these tasks are related to accounting. Without proper bookkeeping, running the business becomes difficult, and it can even affect profit margins.
Some major challenges of the crockery business are-
- Inventory/Stock Management Keeping track of various types of crockery items and dishware can become time-consuming and complex. For example, managing the inventory and stock of products like plates, bowls, glasses, tea sets, and baking items can be quite challenging.
- Maintaining accurate records of income and expenses: If daily income, expenses, and profits over specific periods are not accurately reconciled, it becomes impossible to keep track of profits and losses. A single mistake can create significant issues in the entire accounting system.
- Issuing transaction invoices: Creating invoices for each transaction can be time-consuming and tedious, especially when there are a large number of transactions, making it difficult to keep track of everything single-handedly.
- Maintaining records of VAT, taxes, and delivery charges: It's crucial to accurately record VAT, taxes, delivery charges, and discounts. Often, due to this complexity, owners or employees may become accustomed to rough estimates over days, which is not beneficial for the business at all.
- Analyzing business reports: Creating various reports to analyze the business status daily, monthly, and annually is crucial, but doing this manually can be labor-intensive. Often, one or more employees are hired to handle this task.
- It's difficult to manage alone: Managing a crockery business alone can be quite challenging. It is not feasible for one person to handle both store management and customer service. Therefore, it becomes necessary to have one or more salespeople and a manager to manage the accounting of the crockery business.
Now that we have identified the challenges, let's see if these issues can be addressed through the HisabPati app?
How to manage the accounts of a crockery business with HishabPati?
HishabPati is an accounting software specifically designed for small and medium-sized businesses. It simplifies the daily operations of a business and serves as a platform for recording financial accounts. Here, you will find all the necessary features for managing the accounts of your crockery business.
1. Stock/inventory management according to product categories.
One of the most appealing features of the HisabPati app is its detailed stock management capability. You can easily manage your inventory by creating categories for your crockery products. It allows you to accurately track how much stock you have for each item and how much has been sold.
For example, you can obtain accurate information about the stock of your plates, bowls, glasses, or other crockery items and be notified before a product runs out. In short, updating inventory, managing product stock, and adding new items is now possible with just a few clicks! You can easily see which products are low in stock, which need to be reordered, and which items are selling well.
2. Maintain accurate records of income, expenses, and sales to determine profits.
Many business owners make mistakes while keeping records of income, expenses, and sales, making it difficult to determine actual profits. With the HishabPati app, you can maintain accurate records of daily sales and income/expenses. This allows you to determine the true profit of your business and reduce unnecessary expenses.
You can easily identify which crockery items are more profitable and which have lower sales in your dishware shop. This makes it very simple to determine the profit amount for the business based on categories.
3. Quick transactions and the ability to issue invoices for each transaction.
In the crockery business, there are many transactions every day, and creating invoices for each transaction is not easy. By using the HishabPati app, you can easily generate invoices automatically for each transaction. This is possible because HishabPati provides ready-made templates for invoices. This will save you valuable time and help you keep a record of transactions for both customers and yourself.
4. VAT, taxes, delivery charges, discounts, and notes for each transaction.
Adding VAT, taxes, and delivery charges to each business transaction and maintaining accurate records is an important task. With the HishabPati app, you can include VAT, taxes, delivery charges, and discounts in each transaction to create a complete record of the transaction.
This allows for a comprehensive overview of your financials, making it easier to analyze costs and profits. By ensuring all relevant charges are documented, you can enhance your accounting accuracy and make informed business decisions.
5. Accounting for the crockery wholesale market within a single app.
HishabPati app is extremely effective for those who collect crockery items from the wholesale market or operate a wholesale crockery business. You can easily analyze the cost of products purchased from the wholesale market, their selling prices, and the profit margins. Additionally, there is a feature to add unlimited parties and products, which is essential for wholesale traders. As a result, it serves as an excellent accounting software for wholesalers as well.
6. The ability to analyze various business reports.
With HisabPati app, you can generate various types of reports for your business, which assist in analysis. You can create income and expense reports, profit reports, and stock reports on a weekly, monthly, or annual basis, as needed.
Through these reports, you can easily understand which products are selling well and which ones are not. You can also identify when product sales are highest and which months see lower sales. Having this information at hand makes it easier to plan for the future of your business and enables you to make more accurate business decisions.
7. Use HishabPati equally on both web and mobile.
The biggest advantage of the HishabPati app is that it is mobile-friendly and user-friendly. You can manage your business accounts from anywhere and at any time. It is designed for both Android and iOS devices.
The app is not only for mobile; you can also use its web version if you prefer. It works seamlessly on both your computer and mobile phone, ensuring that your business data is always at your fingertips. As a result, there are no barriers to managing the accounts of your crockery business on any device.
8. Ability to hire multiple users (managers and salesman).
If your business has multiple managers or salesman, you can grant them access to the HishabPati app. This allows each of them to manage product accounts according to their responsibilities while you, as the owner, can easily monitor everything. The multi-user feature makes it effective for larger businesses or those with multiple stores.
Opportunities for growth in the crockery business through HishabPati
The HishabPati app not only assists with daily bookkeeping but also plays a crucial role in the growth and profitability of your business. Let's see how-
1. Increase sales and make informed decisions.
When you have accurate records of your daily sales and profits, you can easily identify which products are selling well. Based on this information, you can replenish the stock of your crockery items accordingly. Additionally, you can make informed decisions to increase sales by analyzing reports.
2. Cost control: More profit with less expense!
With HishabPati app, you can analyze your daily expenses. You'll be able to identify which areas are costing you more and where you can reduce expenses to increase profits. By controlling costs, you can significantly enhance the profitability of your crockery business.
3. Ensure long-term success by planning for the future.
HishabPati app can help ensure the long-term success of your crockery business. By collecting various data and reports, it will be easier to determine future plans.
HishabPati app is an extremely effective, easy, and affordable software for managing the accounts of your crockery business. It helps accurately handle everything from inventory management to sales and profit tracking, transaction management, and wholesale market accounting. So, why wait any longer to manage your crockery business accounts? Start using the HisabPati app now and ensure the success of your business!
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!
