Free Accounting and Inventory Management for Small Business
Simple software to manage inventory and books of accounts
Here is a simple tool to manage accounting and inventory of your business. The software lets you create invoices, log purchases and updates the inventory automatically basis sales and purchase. It also has option to trigger alert when the inventory reaches reorder level.
There are quite a few accounting and bookkeeping software however most of these are back office tools which are not real-time, because consolidated data is updated in these tools at the end of the day or when the books are closed. Given the shortfall most business invest in a separate inventory management software to get real-time updates and also maintain a separate system for accounting.
TopNotepad is a unique tool for managing both, inventory and accounting of small business. It has a robust products module that gives an option to provide inventory details such as name of the product/item/SKU, selling price and available units. It also allows the business to maintain a unique code for each product such as a barcode, which can be easily scanned to look-up the available inventory or to bill a client.
Reorder level is a very helpful feature for small business that operate within limited resources. Most businesses keep low inventory of every product they sell to avoid blocking capital and reorder as and when the inventory is either completely sold out or is very low. The reorder feature in the software lets the business trigger an alert at the right time to procure items that are very few or completely sold out.
The inventory management module consists of the following:
Product Name:
Name of the product that is being sold
Unit selling price:
Per unit selling price of the stock items
Unit purchase price:
Per unit purchase price including taxes of the product
Unique code:
A unique code to easily pull the product details
We recommend, for a small business with limited SKUs and items it does not make sense to maintain a separate inventory management software. An all-in-one tool that can help manage both the aspects i.e., accounting and inventory is best.
There are quite a few accounting and bookkeeping software however most of these are back office tools which are not real-time, because consolidated data is updated in these tools at the end of the day or when the books are closed. Given the shortfall most business invest in a separate inventory management software to get real-time updates and also maintain a separate system for accounting.
TopNotepad is a unique tool for managing both, inventory and accounting of small business. It has a robust products module that gives an option to provide inventory details such as name of the product/item/SKU, selling price and available units. It also allows the business to maintain a unique code for each product such as a barcode, which can be easily scanned to look-up the available inventory or to bill a client.
Reorder level is a very helpful feature for small business that operate within limited resources. Most businesses keep low inventory of every product they sell to avoid blocking capital and reorder as and when the inventory is either completely sold out or is very low. The reorder feature in the software lets the business trigger an alert at the right time to procure items that are very few or completely sold out.
The inventory management module consists of the following:
Product Name:
Name of the product that is being sold
Unit selling price:
Per unit selling price of the stock items
Unit purchase price:
Per unit purchase price including taxes of the product
Unique code:
A unique code to easily pull the product details
Customs code:
Code provided by customs departmentWe recommend, for a small business with limited SKUs and items it does not make sense to maintain a separate inventory management software. An all-in-one tool that can help manage both the aspects i.e., accounting and inventory is best.