Solopreneurs these days have been emerging as a new trend in business industry. Running the business, keeping track of income, expenses, and inventories and managing the help of other people is hard, but what if you run it single handedly? With the help of technology things get much simpler. Inventory management will be easier if you use the necessary inventory management software system. This article will concentrate on helping you select the best inventory management solutions for you.
There are lots of advantages in having an inventory tracker or parts inventory software as a tool to run your business. One is, making inventories would be systematic and organized. When you need to know something it would be just a few clicks away. Another is, you can easily track all your income and expenses, and accounting would be a breeze. Those are just some of the advantages of having parts, manufacturing or auction inventory software.
Now that you know some of the advantages, the next thing you should know is how to choose the right inventory accounting software for your small business.
First and foremost you must determine the things that are you looking for in inventory management tool. What are the functions, abilities or features that you are looking for? Second, do you need a desktop application or a web-based program? Third, is the inventory tracking system software user-friendly? Fourth, how affordable is the inventory management software?
The common features of inventory tracking software are:
An inventory database wherein you can track all the things you have on hand, what has been sold and when you need to reorder.
Create lists of inventory which include descriptions, stock numbers, quantities, vendor names and part numbers, reorder points, dates and amounts sold, and costs of all your inventory items with asset management software.
Generate reports on inventory for printing, including items purchased, items sold, total cost of items and total profits.
Add an unlimited number of photos and assign multiple price points to your inventory software.
Easily create invoices for customers and create packing slips and labels. Add your logo to a custom header in this invoicing software.
Record all your expense payments, including purchases, advertising, cleaning, maintenance, and travel deductions. View deposits and debits for any number of expense reporting accounts.
Track customers, what they purchased, how much they spend, and generate income reports.
Track other income sources for any number of accounts. Generate account registers for all your income reporting accounts.
Some inventory management software will also keep track of schedules, generate form letters to be mailed or emailed, and provide other tools to help you streamline your business. Consider these additional features:
Send promotional materials or other form letters to all of your clients, vendors, family, friends or any other contacts via contact manager software.
Display your appointments, deadlines and other important events in Daily, Weekly or Monthly Calendar formats in scheduling software.
Creates To Do Lists with room for notes, deadlines, priorities, etc. with project management software.
If you need manufacturing inventory software, you need to make sure that inventory items can be combined into new products.
The best inventory management software also includes tools which allow you to look up where area codes are, calculate time zone differences, and has a universal calculator that adds or subtracts numbers, dates and times, converts length, volume and weight measurements, computes discounts, sales tax, foreign money exchanges and loan payment amounts.
One major thing to consider is, should it be a desktop application or a web-based application? Here are some differences between the two:
A desktop application is an application that runs without the need of an internet connection. A web-based application, which includes any software you log on to a web site to access, requires a fast, reliable internet connection.
If you do not have a very fast internet connection, it could take you several times longer to get the same amount of work done. Desktop software is generally much faster and easier to use than web-based software.
A desktop application, if backed-up regularly, is more secure and reliable than a web-based application. If your web connection goes down, or the company's website were to go down, or the company went out of business, you will no longer have access to your data if using web-based applications.
With web-based applications you rent the software, paying monthly fees and often get only email support. With desktop applications, you generally pay just once, and technical support is often included.
Would you rather pay less on a monthly basis for web-based software, which will add up to much more over time, or pay one reasonable amount up front and get the features, speed and reliability of a desktop application?
As a solopreneur, I'm sure you would rather find ways to save money and at the same time have the features and capabilities you are looking for in inventory management software?
With these things in mind, you can now determine what would be the best inventory tracker for your needs. The most complete inventory and invoice software for solopreneurs like you in my opinion is Inventory Tracker Plus. It is a reasonably priced desktop application that is easy to use and is available for most Mac and Windows computers.
To better understand its ease, comfort and productivity, and to download a free trial today, visit
http://productivity-software.com/inventory/index.html for more details.