Step 1:
You will need to select what reconciliation mode to use for the supplier you want to pay.
For this you need need to open the supplier master. We are going to use the “Invoice” Payment allocation type for this scenario. To use the “status” recon method click here:
http://www.smart-it.co.za/help/supplier-reconciliation.htm
Why would you want to use this feature?
Example 1:
You sell car batteries and by selling a car battery the client will get a discount for his/her used battery that they are returning. (used battery needs to be loaded as a trade-in item. Click here for more info on trade in items, ( http://bit.ly/SiStockAdditionalInfo)
When selling the new battery, Smart iT will automatically load used battery.
Example 2:
You sell tyres and when selling tyres, you always need to load wheel alignment.
When selling the tyres, Smart iT will load the wheel alignment automatically.
The key is a good stock take moduleThe main sources of shrinkage according to Fidelity Security Group includes dishonest employee theft (39%), shoplifting (38%), administration/non-crime losses (16%) and supplier fraud (7%)
The question is how to combat these shrinkages. For now, we are only going to concentrate on POS systems and what they can do.
One of the best methods to contain shrinkage is to have an effective stock take system to help determine where the theft occur and what items are targeted.
A successful business is always improving and responsive to changing customer needs. Here are some tips on making small changes that can increase your sales and boost your customer service.
Do you ever get frustrated when a customer asks you to send him all his invoices that are outstanding?
With Smart iT that is not a problem. See steps on how to make your life easier.
WE ARE READY FOR THE NEW VAT!
Smart iT has made this transition so easy that by a push of a button you are ready for the NEW 15% VAT!
Use this form to update your VAT from 14% to 15%
Go to Ledger > Extra > VAT Change
