Company Logo

Our  Blogs

5 Differences Between Point of Sale Software and Accounting Software

Every company must keep track of its revenues and expenses. It is to ensure that the company’s expansion, well-being, and financial stability properly benefit all stakeholders. Accounting software and point-of-sale (POS) systems are two of the most important financial management tools. In a restaurant or retail setting, a POS system keeps track of sales and items. An accounting program tracks bank account information, including deposits, withdrawals, interest earned and paid, and loans provided. Let’s discuss the Point of Sale system -------------------------------------- The point of sale is called the POS. It is the location of your company’s sales. A POS system enables business owners to track all sales and accept client payments. Their setup is determined by the needs of the business owners. It could be a physical store, an internet business, or even both. The cash registers in the store employ the Point of Sale (POS) system. The POS system serves as the entirety of the digital procedure in the current situation. You may examine your customers and traffic even when you are not at work. Just the correct POS system app, a device, and an internet connection are required. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_40" ).setAttribute( "value", ( new Date() ).getTime() ); Let’s discuss the Accounting software ------------------------------------- Accounting software allows you to manage all of your company’s bookkeeping and accounting tasks from a single app or program. The accounting program allows you to save and access your company’s accounting, financial information, and transactions. You may manage accounts payable, accounts receivable, invoicing, billing, estimating, balance sheet, trial balance, other transactions, financial reporting, [payroll](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php), bookkeeping, and everything else you have to do with accounting and bookkeeping with the help of accounting software. Point of Sale VS Accounting software ------------------------------------ Business management software, such as accounting software, and point of sale systems have some similarities and both are used in different markets by different companies, according to their needs. The Point of Sales (POS) system will typically and best serve B2C businesses. Businesses and retail establishments can successfully manage walk-in consumers by using a POS system. They primarily sell things directly to customers and run brick-and-mortar businesses. This does not imply that B2B uses POS systems less frequently than B2C or vice versa; because users of the POS system include B2B companies. Additionally, Wholesale distribution organizations that need to operate with cash and have physical locations will use the POS system. The usage of accounting software by small and also large organizations are very essential. Accounting software controls and documents a company’s ongoing financial activities. ### 1\. Inventory management - POS systems can manage inventory more effectively with barcodes, but most accounting software does not support this feature. The POS’s inventory management module will oversee total visibility and also the accountability of all inventory processes at the store level at all times. From inventory transfers, store shortages, ordering and reordering, importing goods, price control, and more. ### 2\. Inventory management and VAT enable software- Most **POS systems** do not contain the reports and tools necessary to file the **VAT**. However, the assets are heavily utilized for the VAT filing process with the aid of [accounting software](https://www.penieltech.com/)**.** ### 3\. Expense management With the help of accounting software, you may create, maintain, adjust, and also stick to budgets. As you track your revenue over time, create a sufficient budget that is in line with your company’s objectives.  Additionally, accounting software gives precise real-time data, easy budgeting procedures, thorough reporting, and lower costs. You can align your clients’ demands with an efficient budgeting tool or software, which also prevents overspending. However, the POS system does not provide expense management. also, the [POS system](https://www.penieltech.com/pos-software-system-machine-dubai-uae.html) can not track the profit and expenses. ### 4\. Accounting services and financial statements - Trial balancing accounts payable and receivable, general ledger balancing, journal entries, bank reconciliations, chart of accounts, and accounts payable and also receivable all can manage with the accounting software which is not possible with the single piece POS. ### 5\. Customer-facing Display Point of Sale The customer-facing display is the primary feature of POS, it is not possible with accounting software. A screen that confronts the consumer at the billing area displays information about the order quantity, the products requested, the total cost, and the type of delivery. Additionally, Customers have a tremendous deal of transparency in the transaction thanks to the screens that are in front of them. The POS software provided by **Peniel Technology**, Dubai, guarantees a quick and simple charging process with ongoing data synchronization. Leading retail businesses in Dubai adopted the best POS software in the world. Our products give standard functionalities in addition to being a very effective POS software UAE. Additionally, these functionalities will allow you to manage your store conveniently & successfully. The management of sales, purchases, inventories, dealers, staff, and also customers are among the essential capabilities. **Here are some core features of POS** * **Sales monitoring and reporting** * **Customization** * **Cloud Solutions** * **Employee management** * **Multiple payment methods**

Mon Dec 02 2024  Accounting Softwares   By Admin
Read More
emerald
emerald

HR and Payroll Software

4 steps to strengthen your employee compensation and benefits program

Every person wants to work for a company that values their job, appreciates the effort they put in, and offers appropriate incentives to encourage higher performance, employee compensation. To reassure employees that their labor is valued and help them overcome performance anxiety, you need to create a comprehensive employee benefits package. Let’s discuss what is employee benefits --------------------------------------- A benefit is an indirect, non-cash compensation provided to an employee. Employees receive these benefits in addition to their pay and compensation. Also known as fringe benefits, these are provided to encourage employees to stay with a company. Workers adore benefits. They seek thanks and acknowledgment for their efforts. Because of the perks and benefits a company offers, many employees apply to work there. Employee and job happiness are directly correlated. Ignoring employee happiness will inevitably lead to a decline in employee commitment. As a result, there will be a loss of drive, effectiveness, and ultimately production. Here are a few employee benefits and compensation ideas ------------------------------------------------------- Insurance Plans --------------- Plans for insurance benefits are excellent methods to let your staff members know you value them. The company makes particular financial contributions toward an employee’s medical expenses. These cover damages brought on by mishaps, disabilities, untimely deaths, and amputation. Dental exams, biometric screenings, and other procedures are examples of additional medical care. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_41" ).setAttribute( "value", ( new Date() ).getTime() ); Disability Insurance -------------------- If a worker becomes disabled or is unable to work, the employer covers the cost of the employee’s salary. Depending on the needs of the employee, a business may offer either short-term or long-term disability insurance. Long-term insurance covers a worker’s income for their whole working life, whereas short-term covers them for up to six months. Performance Bonus ----------------- Everyone loves receiving praise and wants to get recognized. Additionally, when you recognize people for their efforts and successes, they continue to work well. Giving them praise for their efforts inspires and encourages them to work harder to reach their objectives. Paid leave ---------- This is an advantage that allows an employee to receive payment while away from work. The provision of limitless vacation time is a development of this advantage. This is one of the most well-liked benefits among the employees of the many organizations that offer it. Additionally, employees often take about the same number of vacation days as they did in the past. Retirement Plans ---------------- Giving your full-time staff financial stability even after retirement is a fantastic employee benefit to include in your remuneration plan. These are carried out via a variety of strategies, including several retirement plans and pensions. Paid Sick Leaves ---------------- It’s crucial to take good care of your employee health. Having to work while sick directly affects employee productivity and efficiency. Therefore, establishing a policy allowing for paid sick time is a tremendous approach to demonstrate your concern for your employee’s well-being. Employee Training ----------------- Allowing outstanding workers to develop their capacity is another excellent strategy for keeping them on board. Give them the tools and funding they need to enroll in training programs. To improve the abilities of new hires, you can also do the same. Paying people to attend lectures and also conferences, using e-learning tools, and other strategies are some examples. Let’s have a look at the step for strengthening employee compensation and benefits ---------------------------------------------------------------------------------- ### 1\. Years of experience and degree of education Examine the existing criteria you use to determine pay, including experience, seniority, type of employment, and also geography. A candidate can expect to earn more money if they have more education and experience. If you want to attract candidates with master’s degrees or more than five years of experience, you must be prepared to pay accordingly. Location and, specifically, housing prices play an important role in determining remuneration, as well as the cost of living. This explains, at least in part, why wages for comparable positions in more rural places are typically lower than those in large urban centers. The rise in remote work has, however, led many businesses to switch from location-based remuneration to role-based compensation. Additionally, Investigate the current trends in your industry. ### 2\. Consider a competitive pay To stay competitive in the employment market, be aware of what your nearby competitors who operate in the same geographic area pay their employees. Maintaining low compensation rates may make you believe you are saving money, but it’s crucial to take into account the additional costs. For instance, many businesses fail to consider the expenses incurred by having open positions for protracted periods. Additionally, consider the strain an open position might place on your existing staff, which may be forced to take on additional tasks. Consider the impact that this can have on morale as well. ### 3\. Discuss with the employee Consult with your employee to learn what they anticipate from their pay and perks. Discuss the type of incentive or raise the employee would be eligible for if they achieve their goals, or fails to. Then over the year, check in frequently to discuss their performance. Through this approach, you will get a clear picture of the employee’s expectations for a raise and bonus in the upcoming year during that initial conversation. ### 4\. Monitor your compensation and benefit patterns regularly Conduct routine audits of your compensation and benefits trends to find and eliminate any unfairness or adverse practices. With the help of **Elate [HRMS Software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php),** you may manage it all in one place. Elate (Human Resource Management) is a powerful **HR software** in the **UAE** that improves your HR department by doing away with manual processes. It is HR and payroll software. It includes many features, including payroll, hiring, workflows, calendars, and employee management. The greatest HR software is offered by **[Peniel Technology](https://www.penieltech.com)** throughout the UAE, including Dubai and Abu Dubai. We offer other management software and HR payroll software in Dubai at the lowest prices available. Additionally, we offer small- and medium-sized firms in the UAE HR payroll software, HRMS, and other solutions for HR software. We provide solutions for [HR and payroll software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) in Dubai, UAE. Additionally, Our HRMS is a highly customized software. **HRMS module contains** * Recruitment * Performance management * Promotion * Training * Transfer * Leave management * Travel and expense * Payroll

Admin     Mon Dec 02 2024
Read More

ERP Application

Why Choose Penieltech for ERPNext Implementation

What is ERPNext? ---------------- ERP Software is a simple, effective, and comprehensive solution that is accessible and inexpensive. It can be hosted on their servers, self-hosted by the user, or even accessed mobile via the mobile app. It could be hosted in the cloud or on-premise. ERP systems incorporate many facets of corporate management, including * Human Resource * Accounting and finance * Inventory or materials management. * Engineering * Order processing * Manufacturing * Hospitality and Healthcare The capacity to view what is occurring with the organization in real-time and as it is happening is the main advantage of an ERP system. ![ERP and ERPNext Dubai](https://www.penieltech.com/blog/wp-content/uploads/2022/09/ERPNEXT-DUBAI-1024x1024.jpg) Let’s Discuss some benefits and importance of ERP- -------------------------------------------------- Efficiency - ------------ Increasing efficiency is the main objective of putting ERP software into practice. With the use of ERP, manual data entry is greatly reduced, and repetitive tasks are eliminated. The software can also enhance corporate operations and make data collection for firms easier and more efficient, regardless of what department a person works in. Productivity - -------------- ERP software will increase productivity, which will save you time. People will have more time to work on other crucial initiatives due to the automation of superfluous operations. They will be able to operate more productively due to the simplicity of the solution. Information Intergration - -------------------------- The encouragement of integration is the biggest benefit. It can update data between connected business functions and components, which enables it to do this. Additionally, the connections between the individuals working on a project help to increase productivity. Collaboration - --------------- Another major advantage of using ERP software is collaboration. A manufacturing operation must emphasize departmental collaboration because it enables much wider-ranging visibility. Departments can readily communicate since ERP systems make use of consolidated and consistent data. Lead-Time Reduction - --------------------- The lead time is the period between placing and receiving an order. To shorten lead times, the organization should have an integrated inventory management system involving purchasing, and also production planning. > **_Select Products for Free Dome_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_42" ).setAttribute( "value", ( new Date() ).getTime() ); Shipment on Time - ------------------ [ERP systems](https://www.penieltech.com/erp-software-uae-dubai.html) are created to assist your business in reducing errors, speeding up design procedures, and also shortening data transmission times. Cycle Time Reduction - ---------------------- Implementing changes in the production database automatically via an ECO, or Engineering Change Order is a feature of the enterprise resource planning system. It is the period between placing an order and receiving the product. There are two kinds of situations: make-to-order situations and also make-to-stock situations. Both scenarios allow for a reduction in cycle time, but the make-to-order scenario saves more time due to the ERP system’s integration with CAD/CAM systems. Cost Reduction - ---------------- Through the use of precise and up-to-date data, ERP software lowers administrative and operational costs. Additionally, Managers can make decisions much more quickly and effectively thanks to their ability to help manufacturers manage operations, reduce manufacturing delays, and segment information. Competition - ------------- While [ERP software](https://www.penieltech.com/erp-software-uae-dubai.html) is costly and a significant investment, not purchasing the software is more expensive. While some manufacturers are attempting to adhere to traditional methods, they have fallen behind the competition. ERP uses cutting-edge technology to greatly increase productivity and also manufacturing efficiency. Why is Penieltech ERPNext software the best to implement? --------------------------------------------------------- Penieltech is the best distributor and provider of ERPNext in the UAE. Businesses in the wholesale distribution, service, shipping, non-profit, agricultural, hotel, healthcare, educational, manufacturing, and also real estate sectors all make use of our ERPNext software. Why choose Penieltech for ERP or ERPNext? ----------------------------------------- ### Official partner - We are an **official partner** and **dealer** of ERPNext in UAE, Dubai & GCC Penieltech is the ERPNext implementation partner. You can access all the data about your company at your fingertips with [ERPNext UAE](https://www.penieltech.com/erpnext-dealer-in-dubai.php). You can go toward your business objectives without worrying about the digital aspect of documenting data and commercial activities. ### Dedicated team With a strong and committed team of the greatest software professionals and Python developers, we have been offering our clients robust, powerful, and affordable solutions. ### Incredible Customer service A variety of ERPNext service support options are provided by Peniel Technology. We pride ourselves on being the perfect fusion of technological expertise, first-rate customer service, and affordability. We immediately link you to the support team so that your questions are addressed as they come up. Our professionals will effectively address any of your questions about the ERPNext Software. We have locations across the UAE. We are offering ERPNext Software incredibly effective online and also on-site support. Our help is available at all times to customers around the Middle East. ### Simplicity of use We offer a solution that is simple to operate. It doesn’t require much training to deploy and begin utilizing. The availability of online manuals, videos, and reasonably priced remote/on-site training makes getting started economically easier. ### Customization At Peniel Technology, we offer customizable options to best meet your company requirements. We give you the option to customize the system and also add custom fields. Additionally, users can more simply build up workflows and approval processes, which are typically challenging operations. ### Easy to access Since the entire system is web-based, you may access your business data anytime and anywhere you like. ### Integration We provide an integrated software solution for your organization’s operations that helps you create a more effective business process and management system. We integrate third-party software as well as specialized hardware into ERPNext, such as desktop/handheld POS printers, POS terminals, POS cash boxes, POS billing terminals, electronic weighing machines, access control systems, and switching systems. ### Training Additionally, our knowledgeable and skilled team members provide a training program that guarantees users’ effective and successful usage of the system.

Admin     Wed Oct 16 2024
Read More

QuickBooks

Reasons Why Your Business Needs QuickBooks Add-Ons

What is QuickBooks? ------------------- QuickBooks is a flexible piece of software that may meet your accounting demands. When growing our business, we use all of the tools QuickBooks offers, but there are still a few tasks that it cannot handle on its own. ![QuickBooks Addins - QuickBooks Custom invoices ](https://www.penieltech.com/blog/wp-content/uploads/2022/09/quickbooks-custom-invoices-elatesoft.png) This can be tedious and frustrating if you have a busy schedule and a lot of data to enter. However, a user may accomplish a lot with QuickBooks add-ons (which can be from a third-party provider or Intuit itself). The **Penieltech** offers a variety of QuickBooks add-ons that can assist you to get rid of some basic deficiencies of the box product. Also, Penieltech is the best **[QuickBooks Dealer](https://www.penieltech.com/quickbooks.html) in Abu Dhabi Dubai, UAE** In the UAE, **Penieltech** is the top QuickBooks supplier. The company is the top supplier of **customized** QB, **Quickbooks invoice software, Quickbooks custom invoices, and Quickbooks custom voucher printing.** Let’s discuss the reason why your business needs Quickbooks addins ------------------------------------------------------------------ ### Quickbooks Voucher printing Addins - You may easily print vouchers in QuickBooks using a connected program (**QB Addins**), which enables you to seamlessly synchronize the live data. Additionally, with QuickBooks custom-voucher printing you can easily modify it to fit the required format. You can add your company’s logo, the desired text field, and mostly the Amount in words. Following are the customized voucher types available in [Elate QB addins](https://www.penieltech.com/qb-addins-softwares.html). 1\. FTA Approved Tax Invoice format - ------------------------------------- You can create FTA-approved tax invoice formats with our Elate QB addins. According to your requirements, QB Addins can produce a [QuickBooks invoice template](https://www.penieltech.com/quickbooks-invoice-template-free-download.html) with a custom logo and also template. The invoice generated using the Quickbooks desktop application cannot have the amount printed in words or have a second column added. The FTA stipulates that every invoice must include a column showing the VAT amount and another column showing the VAT percentage. The QB Addins additionally includes the serial invoice number and the invoice issue date. It also includes columns for totals that include and exclude VAT. **Features missing from Quickbooks desktop –** * The line-wise calculation for UAE customer * Amount in word * Line-wise discount * FTA recommended invoice format. 2\. Receipt Voucher- -------------------- You can create a receipt with the customer’s name using the QB add-in receipt voucher. The cheque number, date, and bank are included in the QB Addins receipt voucher. Additionally, you can enter amounts in word that are not included in the [QuickBooks desktop](https://www.penieltech.com/quickbooks-desktop.html). This QB addins allows you to create automatic voucher numbering. > **_Select Product for Free Demo_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_43" ).setAttribute( "value", ( new Date() ).getTime() ); Depending on the version you’re using, QB addins can be used by a single user or a group of users. You can design a unique voucher template with your company’s name, logo, and address on it. **Features missing from QB Desktop –** * Auto voucher numbering * Amount in word conversion * Customized receipt voucher with company logo and address. 3\. Journal voucher – --------------------- By including the account number, account name, customer’s name, debited amount, and credited amount, you can produce a personalized journal voucher. A single voucher may contain the total number of accounts, the account number, and the client’s serial number. You can create a personalized voucher utilizing your company’s logo, name, and address with QB addins. The total amount that has been debited and credited is also listed in a column. **Features missing from QB Desktop –** * Auto voucher numbering * Amount in word conversion * Customized journal voucher with company logo and address. 4\. Payment Voucher – --------------------- A feature of QB addins is customized payment vouchers. The bill date, bill amount, and paid amount are all listed in separate columns. You can also add the amount in word. By looking at the amount already paid, you may calculate the balance. The total amount is also listed in a column. The auto voucher numbering function adds automatic voucher numbers. [Customized payment voucher](https://www.penieltech.com/qb-addins-softwares.html) with company logo, address, and the name is also a feature of QB addins. **Features missing from QB Desktop –** * Auto voucher numbering * Amount in word conversion * Customized payment voucher with company logo and address.

Admin     Wed Oct 16 2024
Read More
emerald

Real Estate Property Management

How Today’s Rental Property Owners Are Building Great Tenant Relationships

Owners of rental properties (property) are aware that contented tenants make for good tenants, which can pay them in the long run. Building relationships with tenants promotes increased communication and a better overall experience for both tenants and landlords. Let’s talk about the advantages of developing solid relationships with tenants. ------------------------------------------------------------------------------- ### Reduce Stress & Tension - Regular communication shows that you care about your tenants, even if it’s only to check in and make sure things are going well for them. And it’s that extra layer of care that will shield you from unneeded anxiety and stress. ### They’ll Take Care of Your Property - There are many instances where landlords had to deal with significant damage brought on by departing tenants with a grudge. Building trusting connections with your tenants fosters mutual respect. And even if things go wrong and you need to evict them, they’ll be less inclined to damage your property before they go if they feel like they have some sort of relationship with you. ### A satisfied tenant is a sign of a strong bottom line - Building relationships with renters requires being dependable and fulfilling your commitments. In addition to staying long-term, content tenants make excellent references for other rental properties you have available. Here are our top 11 strategies for fostering tenant relationships used by landlords today - ------------------------------------------------------------------------------------------- ### Use the right tool - You might not be using the proper tools if you have trouble staying organized. [Rental management software](https://www.penieltech.com/property-management-and-real-estate-software.html) that is well designed can help you stay organized and save a tonne of time. You’ll be prepared to respond to any tenant problem in an informed way if you keep organized records and tenant files in one location. Tenant Management Software UAE is the best way to increase sales while keeping track of your clients and offering ongoing support when necessary. Elate TMS is the best property management software in Dubai which is used by the property owners to assemble the fundamental data and needs of the possible customers so that the business may offer the greatest services to them and subsequently grow the clientele in the industry. This [property management software](https://www.penieltech.com/property-management-and-real-estate-software.html) TMS keeps track of every point of contact you have so you can determine which is the greatest option and where you should put more effort. ### Select the Best Tenants - Choosing the proper individual to sign your lease is the first step in establishing relationships with your tenants. Your tenant selection procedure must eliminate candidates that could provide problems. Follow up on background checks, credit records, and eviction histories with due diligence. ### Build Rapport - Although the connection between a landlord and a renter should always be professional, being social is not a need. Look for areas of agreement or interests you have in common to discuss. Ask inquiries and pay attention to your tenant’s responses. This will establish a solid foundation for the partnership. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_44" ).setAttribute( "value", ( new Date() ).getTime() ); ### Expectations Must Be In Writing - Building connections with tenants starts with a strong base of clearly stated expectations. Both parties need to agree on what is expected of them. Bring your best self to the table, agree on fair expectations, and put everything in writing. If there is a disagreement, both parties will have a written record to refer to. However, this does not imply that everything must always be formal. A text message or email can be sent as a follow-up to a verbal exchange, and the original written agreement will still be available. ### Keep Your Promises - Make sure you follow through on any commitments you make to tenants. Developing relationships with tenants is very difficult if your words have no meaning. Tenants won’t believe you until you have a word that is as good as gold. ### Stay open to communication - An honest and dependable landlord maintains open lines of contact. Be accessible to your tenants and always respond to messages right away. Respond to maintenance requests and concerns right away, and never avoid having uncomfortable conversations. Building relationships with tenants begins with prioritizing communication. Being accessible to handle issues and queries demonstrates your interest in your tenants and desire for their satisfaction while residing on the property. As a result, you gain the trust of your tenants and their confidence to approach you with any issues. ### Be prepared - Good communication and appropriate action might be hampered by disorganization. It will be challenging to remain on top of everything on your to-do list if you are disorganized. Tenants are left with the impression that they are not regarded when things slip between the gaps. If you never seem to know what’s going on when tenants call, it will be tough to develop relationships with them. ### Healthy boundaries - The relationship between a tenant and a property owner is inherently conflictual. The residence of the tenant is what belongs to the landlord. While it may be tempting to check in on tenants to make sure they are taking care of your home, it’s important to keep boundaries in place. At the beginning of the connection, decide on an inspection schedule and establish a strict minimum for visits. Don’t call your tenants too frequently, either. Use less intrusive communication channels like email for less pressing issues. ### Always adhere to the law - Property owners must constantly follow all regulations regarding tenants and landlords. Failure to do so may result in legal issues, but it can also erode confidence and have an impact on relationships between tenants. Learn all applicable local, state, and federal laws, and never stray from them. ### Be Receptive To Ideas - Any landlord who is serious about cultivating connections with tenants must respect their viewpoints. The residents are in a better position to spot problems with the unit and may detect things that you might not. Additionally, tenants are the greatest people to ask for ideas on improvements that everyone who lives there could like. Never discount a tenant’s suggestions, no matter how flawed. You don’t have to take every recommendation seriously and it may not always be a good idea, but you should always express your appreciation for the feedback. Ask inquiries and encourage open communication with tenants to go one step further and collect suggestions from them.

Sophia     Sat Nov 30 2024
Read More

Real Estate Property Management

9 Biggest Property Management Challenges

A third-party contractor’s daily control over residential, commercial, or industrial real estate is known as property management. What is property management’s main advantage? --------------------------------------------- The owner’s peace of mind is unquestionably the biggest advantage of having a property managed. Knowing that an unbiased third party is defending their assets, deposits, and tenants, landlords may unwind. Additionally, Property managers will handle and manage any potential day-to-day issues that may emerge, which can be time-consuming. ![real estate property management software - penieltech](https://www.penieltech.com/blog/wp-content/uploads/2022/08/property-management-dubai-penieltech.jpg) Property Management challenges - -------------------------------- In particular, if you don’t have a full [property management system](https://www.penieltech.com/property-management-and-real-estate-software.html), you probably already understand all the aches and advantages that go along with this demanding yet gratifying profession. But no matter how many years of experience you have or how much your company has grown, every property manager eventually runs into the same problems. Perhaps you’re beginning to contemplate issues like: **What can I do to improve as a property manager? Why do I always lack the time? What do I not see?** Your capacity for project management is regularly put to the test, from managing routine facility maintenance to handling financial matters. Your ability to communicate effectively will ultimately determine the success of your organization. As if that weren’t enough pressure, you also need to constantly monitor events. Below is a list of the issues you’ll encounter most frequently. --------------------------------------------------------------- Employment - ------------ It is impossible to manage everything on your own once you begin to scale. You must recruit and keep top-notch employees who can address rather than exacerbate your property manager’s difficulties. Maintenance - ------------- As if owning and renting out buildings wasn’t enough, a property manager’s list of duties always appears to include maintenance. As soon as you finish one task, another one is waiting to take your time and attention. Tenant - -------- You must take care of the people as well as your real estate holdings. You spend a lot of your time on: * Locating trustworthy tenants. * Obtaining background information * Signing contracts for rental services. * According to client requests. * Interacting with the appropriate contractors. * Addressing problems as they appear. Tenants should always be aware of your expectations in addition to this extensive list of obligations. You have to enforce evictions when problems occur, which can be a complicated procedure. Scaling - --------- Scaling your revenue also seems like a distant dream when you have so many chores to complete. You must give your customers the greatest service possible to promote client recommendations, but you can’t do that until you stay on top of your to-do list. It is a never-ending circle. > **Select Product for Free Demo!** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_45" ).setAttribute( "value", ( new Date() ).getTime() ); Time - ------ There is never enough time in the day, as every property manager will attest. Either you are frantically attempting to make up for yesterday’s work, or you are steadily slipping behind. Few property managers can work a rigid 9 to 5 schedule every day while still taking a full lunch break. Instead, they don’t take a lunch break and typically put in an extra two to three hours a day. Work overload without adequate pauses will result in burnout, which will subsequently breed dissatisfaction, disappointment, and resignation. Time management skills, adherence to policies and checklists, and management assistance are a few changes that could make this better. Never undervalue the impact that choosing the right property and owner has on this all-too-common issue! Cost - ------ The rise in additional expenditures brought on by taking on more projects is one of the toughest obstacles property management must overcome. Tenants continue to complain, contractors need to be paid, and errors happen. Your profit margin will soon be declining, and you and your accountant will soon be at odds. Owners and tenants anticipate immediate communication - ------------------------------------------------------- It can be quite difficult when a tenant contacts property management by email, office phone call, and cell call all within 60 seconds. The key in this situation is controlling expectations regarding the property manager’s accessibility at the beginning of your owner or renter relationship. Dealing with violent and belligerent landlords and renters - ------------------------------------------------------------ In [property management](https://www.elatesoft.com/real-estate-property-management-software.php), there will inevitably be some confrontations and disagreements when you’re dealing with an owner’s financial investment and a tenant’s residence. One of the most frequent causes of property managers quitting their jobs is this problem alone. Even the greatest property managers still find it challenging to deal with this issue. Setting reasonable expectations and giving both parties an appropriate induction can help to reduce it. Google negative reviews and social media complaints - ----------------------------------------------------- Because of social media, everyone has an online voice and a corresponding viewpoint today. We are seeing an increasing number of customers voice their dissatisfaction with the services they receive, which is understandable given the fact that you cannot satisfy everyone and the rising demand for perfection and people having their “rights” met. Accepting that internet complaints are common and that getting a negative Google review is simple (especially from a disappointed tenant who didn’t get their whole bond back) is important. The outcome is entirely dependent on how you respond to complaints and negative web reviews, not the complaint itself. ### One strategy can address each of these problems. - Elate property management software [Real estate software](https://www.penieltech.com/property-management-and-real-estate-software.html) that runs on the cloud. It was developed specifically to deal with the dynamic issue the real estate market is currently experiencing. It is made up of finances, asset management, and property lease. Real Estate Software UAE is a unique data structure that adapts to your company with powerful web tools, enabling businesses to launch online in the shortest amount of time with the most cost-effective model. Peniel Technology is the best provider of Elate property management software. What are the advantages of real estate management software? ----------------------------------------------------------- ### Easy to Learn and Flexible - There is no need for Expensive Training with [Tenant Management Software](https://www.penieltech.com/property-management-and-real-estate-software.html) UAE. Moreover, the tool is adaptable enough to meet all the current needs of property owners or landlords. ### Real-Time Precision - Property management software in Dubai improves the way you communicate with your tenants. Through automated and manual communication methods, it enables you to share information with them quickly and clearly. ### Quick Access - The software is built with speed and a database that can hold any mass data to assist you more efficiently without compromising the quality of the operation. ### Highly Security - Data security is the top requirement for [real estate management software](https://www.penieltech.com/property-management-and-real-estate-software.html) in Dubai, United Arab Emirates. The software has access authorization built in to prevent information disclosure. ### Customer support - Our experts will fix your issue and lead you through the procedure. Send us an email, use the chat feature, or phone us at your convenience using the support number. We pledge to uphold global standards and provide comprehensive technical assistance throughout the issue to help you with your problems whenever they arise.

Admin     Wed Oct 16 2024
Read More

Tally Solution

5 Things in TallyPrime for Enhanced Business Efficiency

What is TallyPrime? ------------------- For small and medium-sized businesses, Tally Prime is an all-inclusive company management tool. #### TallyPrime assists you in managing - * Accounting * Inventory, * Banking, * Taxation, * Banking, * Payroll, and many other tasks so that you may eliminate complications and concentrate on business expansion.. ![Tally](https://www.penieltech.com/blog/wp-content/uploads/2022/08/tallyprime-1024x576.png) The first thought that comes to a mind when they decide to launch a firm is - How to streamline complex business procedures? When the core of your business plan is built on simplicity, putting other key processes in place more smoothly becomes much simpler. ### Guess what? [TallyPrime UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) provides you with exactly that! TallyPrime Dubai is equipped with several incredible features and abilities. It is made to provide you with the greatest experience in the most straightforward manner. What is the use of Tally Prime in business? ------------------------------------------- #### Let’s Take a quick look over the use of TallyPrime in business ### Your partner for growth - TallyPrime UAE gives you the ability to manage many businesses and gradually add capabilities like * Multiple go-downs, * Multi-currency, * Order process, * Cost centers, etc. to support your growth path. This enables you to eliminate complications and, as a result, concentrate on business expansion. ### Better cash flow management - Bills payable and receivable management that is quick and easy to use will help you manage payment schedules and get paid more quickly. [Tally UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) makes stock movement simple and efficient, allowing for the optimization of cash flow. Additionally, the analytical reports delivered in a flash enable you to plan your company’s expansion more effectively and make decisions with confidence. > **_Select Product for Free Demo_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_46" ).setAttribute( "value", ( new Date() ).getTime() ); ### Increased Business Efficiency - With the speed that Tally UAE provides, you can complete tasks quickly, save time, and do more with less effort. With TallyPrime, you may print or see reports while entering vouchers, load another company while viewing a report without stopping what you were doing, learn about anomalies or strange details from each report you examine, and much more. You no longer need to memorize shortcut keys because you have an intuitive and reliable workflow that makes work go by more quickly. Look at these 5 TallyPrime features that will increase your company’s efficiency 10x more: ------------------------------------------------------------------------------------------ ### Handling of Interruptions - When you are working on a particular report, you can experience aseveralunanticipated interruptions. These circumstances might lead to unneeded interruption and false reporting. You might feel the need to obtain the proper assistance to manage contingencies in such circumstances. TallyPrime was created so that you seldom ever require assistance or support to use it the way that best suits your needs. If at all possible, in-product support will direct you so you can solve the problem on your own. The solution has an intelligent setup manager that can communicate with every system component on which Tally Prime is installed and direct you in troubleshooting any license or application run-time problems. ### Quick navigation from any location to any other location - Our emphasis is on how simple the software is to use when we talk about having it. [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) is very to easy to use, you do not need to learn any other software to handle this. You may easily access different reports from anywhere in Tally thanks to TallyPrime. Additionally, this feature naturally aids you in multitasking and dealing with interruptions. Imagine you’re in the middle of entering a payment when you suddenly decide to look up the list of unpaid debts. With GoTo, you can manage a lot of these scenarios without having to jump between numerous Tally instances or worry about losing your progress. ### More enlightening stories - Each firm has a distinct methodology. The [business management software](https://www.penieltech.com/) you employ must meet both your present and future needs. In particular, as your firm expands, so does the need to automate more operations. TallyPrime is adaptable enough to recognize this and enables you to simply create the report you desire based on your business situations. To understand how to create more informative reports, consider the following examples: * Press “Change View” to select your preferred method of viewing a report if you want to change the format. The report will have exactly the appearance you want in less than a second. * If you wish to alter the parameters that determine the values in reports - simply click “Basis of Values” and the software will quickly recompute the report using your selected criteria. * Pressing “Exception Reports” will allow you to view the necessary subset of the data as needed to filter out specific anomalous transactions (post-dated vouchers) or ledgers (negative stock) from a report. ### Invoice Experience - With TallyPrime print anything from anywhere features, printing your invoices and reports is not only more practical but also environmentally friendly. With the improved method and configuration of printing, you may now save up to 80% of the paper. ### Use the “Go To” Search to learn more - TallyPrime revamped top menu now features a powerful search bar called Go To. This gives you easy access to all of the application’s reports, that guide your business decision-making. Go To is cognizant of the particular terminology you use to refer to specific reports and groups them according to both standard terminology and your usage phrases. You don’t need to worry about learning the navigational path or how to access those reports because it is so intuitive. Simply click on Go To, then type or choose the report you wish to examine before using the shortcut key for Go To, “Alt + G. You only need to click a button to find the information you require.

Admin     Wed Oct 16 2024
Read More

Customer Relationship Management

ERP VS CRM: Which is Superior?

Enterprise resource planning (ERP) Software and customer relationship management(CRM) software are often the two main software options that businesses choose when attempting to automate essential business processes. ![ERP VS CRM](https://www.penieltech.com/blog/wp-content/uploads/2022/08/ERP-VS-CRM-Which-is-Superior-Penieltech-1024x576.jpg) CRM UAE helps organizations manage how customers interact with their businesses. While ERP connects financial and operational systems to a single database to help businesses run successfully. Both are essential data storage facilities. Both ERP Dubai and CRM encompass multiple departments, despite occasionally using the same platform. The software is frequently bought separately and then integrated as needed. To determine whether a firm requires ERP, CRM, or both, this article will highlight the important similarities and differences between CRM and ERP. ### Let’s talk about customer relationships Management (CRM) - Customer Relationship Management or [CRM Software UAE](https://www.penieltech.com/crm-software.html) is a piece of software that assists a business in connecting with current and potential clients. This customer relationship management (CRM) program controls, automates and coordinates sales. The goal of creating such an application is to bring up and delight prospect leads, which aids the company’s growth in sales and general performance. ### Following are some key features of CRM : * All of the client services are centralized using this program. * This is utilized to oversee and manage the organization’s operations. * It helps in increasing the performance of sales. * Primarily focused on customers. What is ERP? ------------ Material needs planning (MRP), which allowed manufacturers to comprehend and manage all the resources required to run a successful business, gave rise to enterprise resource planning (ERP). All elements of a company use ERP as a shared database. Fundamentally, this refers to money matters, such as the general ledger (GL), payroll, accounts payable, accounts receivable, and financial reporting. ERP, however, encompasses data about service organizations as well as inventory management, order management, supply chain management, and data management. ERP covers all aspects of production, distribution, fulfillment, and procurement. Some ERP systems additionally provide e-commerce, CRM, and [human resources management systems](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.html) (HRMS). CRM Advantages - ---------------- The main goal of CRM is to provide businesses with a single location to store all client information and also to keep track of all customer interactions. With this knowledge and the aid of analytics, organizations can make better choices regarding which consumers to target for increased revenue and the effectiveness of their sales teams. And also it is the most effective way to provide customer service and more. For instance, sales representatives will be able to respond appropriately if consumers they are visiting have open customer support tickets thanks to a centralized CRM system. As an alternative, customer service can identify callers who are high-value customers or who have the potential to be high-value customers rapidly and direct them to the proper service tier. ERP Advantages - ---------------- An ERP system’s advantages derive from having a single, common database for all operational and financial data. This has a significant impact on reporting, including both routine monthly reports and special reports that leadership requests. Employees may drill down into reports to find financial insights thanks to a single source of operational and financial data, eliminating the requirement for IT or finance teams to perform the research and reporting. As a result, firms can take quicker, data-supported decisions that can affect a variety of factors, including profitability, potential for future growth, and organizational efficiency. A quicker financial close is another advantage that businesses commonly list when switching to an [ERP system](https://www.penieltech.com/erp-software-uae-dubai.html). At the end of each month or quarter, finance teams typically tabulate the results after accounting for all revenue and expenses, a process known as closing the books. When using spreadsheets or basic [accounting software](https://www.penieltech.com), closing the books often involves a lot of human labor, data entry, and contacting several departments for financial data. Companies have claimed shorter monthly close times thanks to centralized ERP systems that automate many of those procedures; this task may now only take a week or a few days. Additionally, ERP systems greatly improve the financial controls within a firm. Only employees with the appropriate job functions have access to critical information using a centralized system and role-based permissions, enhancing audit trails and lowering financial risk. Difference between the ERP and CRM - ------------------------------------ **ERP** **CRM** ERP software solutions assist businesses in managing their business operations. CRM is the name of the program that streamlines customer communications with the business. All the processes are streamlined using a centralized system. The only channel for converting customers into potential clients is CRM. The term “ERP super set” refers to SAP. It is a division of SAP. ERP systems are more concerned with increasing organizational productivity and cutting costs. CRM solutions are centered on the interactions between customers and the business. * **CRM software systems do not contain ERP components, however, some ERP systems contain CRM, while others do not**. Which one, ERP or CRM, is superior? ----------------------------------- ### ERP software Dubai has features like **Accounting** \- It is one of the features of ERP; it offers multi-currency accounting capabilities as well as tax calculation, information, bank, and payment settlement tools **HR and Payroll** - This feature enables you to create and manage employee payrolls and tax regulations. **Manufacturing** - Using a production and planning system, ERP enables you to plan your inventory and material. **CRM** - It also assists in organizing all client interactions and relationships for your business. **Projects** - You can specify and assign tasks to projects, as well as record time for work performed on tasks, using this feature. > **Select Products for Free Demo and Trial** > > Exciting Offers on Elate Accounting Solutions Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_47" ).setAttribute( "value", ( new Date() ).getTime() ); ### CRM software UAE has features like - Businesses in the UAE use CRM software to track and analyze client contacts, as well as to generate reports that explain why sales are increasing or decreasing. 1. **CRM Dashboard** - The Customer Relationship Management or CRM software UAE Dashboard will offer you a brief overview of all the significant sales statistics and metrics, goals to be met, and also the productivity of all of your company’s sales leaders. 2. **Lead** **management** \- This section has to be updated with all of the leads that the sales representatives have generated. Also, this allows you to keep track of every possible consumer and their pertinent data. 3. **Opportunity management in CRM** - The marketing team’s produced leads can be qualified and advanced to the opportunity stage. You may now screen out potential clients and the deals they are interested in. Thus, the sales team can communicate with customers directly and provide them with product estimates. > **ERP software Dubai can manage Accounting, HR and payroll, sales and purchasing, projects, and customer management. Because some ERP software includes CRM so you can manage the customers also. However, CRM can only manage the relationship with customers.**

Admin     Wed Oct 16 2024
Read More

HR and Payroll Software

How To Manage Human Resources?

### **What is Human Resource Management?** Human resource management is the management of people in the organization. It fills the gap between employee performance and organizations. ![Human Resource Management](https://www.penieltech.com/blog/wp-content/uploads/2022/08/human-resource-management-1024x576.jpg) ### **Need for Human Resource management:-** ### Strategy management – Any organization’s human resource management depends on this component. Any organization’s performance depends on how well its human resource managed. In addition to making a substantial contribution to corporate decision-making, HR managers oversee strategies to ensure the organization achieves its business goals. So, these strategies include assessments for present employees and projections for future ones based on business demands. ### Training and development – Since HR managers make substantial contributions to training and development initiatives, therefore, they also play a crucial role in fostering relationships between employers and employees. This helps people advance within the organization, which boosts productivity and employee happiness. ### Intercommunication between the employee - Team building HR managers are organized several events and celebrations. It promotes interaction among workers and fosters a sense of respect and trust among peers. It is possible to meet all these needs with one software called [HUMAN RESOURCE MANAGEMENT SYSTEM](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.html) (HRMS). **What is HRMS?** ----------------- A human resources management system used for human resource tasks that connected several numbers of technologies. Unified HR systems go under many different names.  Let’s talk about the most typical: HCM, HRM, and HRIS. 1. HCM – HUMAN CAPITAL MANAGEMENT. 2. HRM – HUMAN RESOURCE MANAGEMENT. 3. HRIS – HUMAN RESOURCE INFORMATION SYSTEM. HRIS(Human Resource Information System) focuses on information rather than procedure and it would not anticipate scheduling or time and attendance service. You can also be lacking application tracking. HCM(Human Capital Management) is typically geared toward corporate workforces. HCMs frequently incorporate elements that don’t apply to small and mid-sized businesses. > **_Select Product for Free Demo_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_48" ).setAttribute( "value", ( new Date() ).getTime() ); The focus of HRM is on managing human resources, not processing information. All three **HRIS, HCM, and HRM are missing crucial elements.** **HRMS** is the united HR solution that makes up to **80%** of HR processes. **How does HRMS help employees?** --------------------------------- ### **Employee orientation** – You can design an onboarding procedure that rivals the most cutting-edge companies with the aid of an [HRMS](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.html). ### **Enrollment in Benefits–** HRMS makes it easy to manage benefits to the employee. It can make centralized management processes easier like e-signature. Additionally, it can compare sign forms, plans, and enrollments in the employee portal. ### **Time and Attendance -** Your HRMS and the time clock are synchronized. Hence, it’s simple and easy to punch in and punch out. The timekeeping feature of the HRMS logs hours in detail. Your team does not have to complete paper timecards, which have long been the bane of hourly workers. The clock notifies workers when they have missed a punch so they can make it up before payday. ### **Payroll integrity-** HRMS created the Payroll integrity. Firstly, employees will pay extra if they arrive early or stay extra. Secondly, they are aware that the calculation of overtime will be accurate. Their accruals are being appropriately tracked. If full-time status affects eligibility for benefits, HRMS can verify the necessary number of hours. Employees feel more secure because of payroll responsibility. ### **Employee** **Scheduling** – Employees can access the portal of an HRMS to view their schedule, switch shifts, request time off, and handle FMLA. Taking preferences into account for schedules enhances work/life balance. It makes shift trading less complicated so, employees who want more hours can request them when a shift comes up. As a result, management won’t need to bribe resistance from workers. When their companies adopt HRMS scheduling, part-time employees can more easily manage two tasks.  Employers who promote work/life balance have loyal employees. ### **Mobility** – Employees have convenient access to HRMS apps around-the-clock so, you can engage and keep your increasingly tech-dependent workforce by using simple mobile technologies. **How does HRMS help Managers?** -------------------------------- Managers can monitor teams from a smartphone or tablet using an HRMS mobile app, so they can complete the employee oversights. ### **Timecard** **approval** – HRMS produced digital timecards, each shift includes a calculation of the hours. All timecards are kept in one place for managers to access. So, they don’t have to gather them. Managers don’t need to double-check because the system doesn’t create adding errors. HRMS avoided the missed punches and other timecard errors. ### **PTO**(Paid Time Off) **request** – Time off-related confusion is a typical issue. Managers run the danger of scheduling personnel while they are on vacation if there is no formal framework in place or failing to remember a request made. Employers use the HRMS PTO feature to request time off. The requested dates are all shown side by side for managers to view. It is a terrific technique for managers to outsource their memory. The requests that managers have approved are never required to be remembered and the dates that the requests were submitted are displayed.  If you have a first-come, first-served time off policy, this equalizes the playing field for everyone. It eliminates all injustice, real or imagined. ### **Schedule** **formation** – Using drag-and-drop tools and template-based tools, managers may construct schedules quickly The system locates qualified workers to fill open shifts. Check out the schedules by team, week, or place. With an HRMS, manager scheduling time can be reduced by up to 70%. It eliminates the trouble. Companies that wish to make the most out of their people resources will pick an effective HRMS. Reviewing the following reasons, an HRMS is your key to success: 1. You’ll see faster business growth. 2. Management of human resources shall be done as effectively as feasible. 3. Maintaining compliance with labor rules will be simpler. 4. Your staff will be more content, committed, and inclined to stick with your business.

Admin     Wed Oct 16 2024
Read More

Tally Solution

Journal Entry in TallyPrime

While running any business, every business engages in a business transaction on a day-to-day basis. It could be other business entities (B2B), or customers (B2C). Further, it may be on a ‘Cash’ or ‘Credit’ basis. And keeping proper track of it is very important to understand the overall health of a business. As a businessperson, it is crucial to understand when, where, how the money flows into/out of your business. What is journal in accounting? ------------------------------ To keep track of your day-to-day business transactions, capturing the details of each transaction is very important. The basic information that must be tracked is the Date of the transaction, the purpose of a business transaction which has mainly two-fold effect, a brief explanation of the transaction, and its amount. The activity of recording this business transaction into the books of accounts of a business is called Journalising. In Accounting terminology, the first step in an accounting cycle is to record a journal entry of a business transaction by following a double-entry system. Every transaction will impact at least two accounts, one being ‘debited’ and other ‘credited’ with an equal transaction amount. Business Reports in TallyPrime How to Record Multi-Currency Transactions in TallyPrime? For time being, just understand the following rule, **Nature of transaction** **Examples (Office/Factory purpose only)** **Balance** **Increase**  **Decrease**  **Assets** Machinery, Car, Furniture etc., Debit Debit Credit **Liabilities** Suppliers, Taxes, Bank Loans etc. Credit Credit Debit **Expenses** Telephone, Rent, Electricity, Labour charges, Employee Salary, etc. Debit Debit Credit **Income** Sales, Interest earned on deposits etc. Credit Credit Debit * **Assets** **Account** will always carry a ‘Debit’ balance, so when there is an increase in ‘Asset’ account value we will Debit the Asset account and vice-versa * **Liabilities** **Account** will always carry a ‘Credit’ balance, so when there is an increase in ‘Liability’ account value, we will Credit the liability account and vice-versa * **Expenses Account** will always carry a ‘Debit’ balance, so when there is an increase in ‘Expenses’ account value, will ‘Debit’ it and vice-versa * **Income Account** will always carry a ‘Credit’ balance, so when there is an increase in ‘Income’ account value, we will ‘Credit’ it and vice-versa. Let us understand this with a help of an example. Example of  journal in accounting --------------------------------- On 1st Nov ’21, Mehta Traders purchased Furniture @ 75000/- from Sharma Enterprises on credit (30 days). Considering the above business transaction which is between two business entities - Mehta Traders  (Buyer) & Sharma Enterprises (Seller), let us analyse how will it be recorded in the books of both the entities.   As Mehta Traders is buying from Sharma Enterprises so it is an expense for them. So, the two accounts involved in this business transaction is - Furniture A/c - Asset Sharma Enterprises A/c - Liability  When Asset is increasing you will ‘Debit’ the Asset account (Assets have a Debit balance) When liability increases you will ‘Credit’ the liability account (Liabilities have a Credit balance)                                                           **Journal Book of Mehta Traders** **Date** **Particulars** **Amount (Dr.)** **Amount (Cr.)** 1-Nov-21 Dr. Furniture A/c 75,000     Cr. Sharma Enterprises A/c   75,000   \[Being Furniture @ 75000/- purchased from Sharma Enterprises on credit\]     Similarly, As Sharma Enterprises is selling the furniture to Mehta Traders, it is an income for them. So, the two accounts involved in this business transaction is - Sales A/c - Income Mehta Traders A/c - Assets When sale is increasing you will ‘Credit’ the Sales account (Sales have a Credit balance) When Assets increase, you will ‘Debit’ the Asset account (Assets have a Debit balance) > **_Select Product for Free Consultation_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_49" ).setAttribute( "value", ( new Date() ).getTime() ); **Journal Book of Sharma Enterprises** **Date** **Particulars** **Amount (Dr.)** **Amount (Cr.)** 1-Nov-21 Dr. Mehta Traders A/c 75,000     Cr. Sales A/c   75,000   \[Being 25 Washing Machines @ 75000/- sold to Mehta Traders on credit\]     **Note**: * Furniture is an ‘Asset’ for Mehta Traders, hence, it will be tracked as ‘Furniture A/c’ and not ‘Purchase A/c’ * Furniture is ‘Inventory’ for Sharma Enterprises as he is into trading of furniture so it will consider under ‘Sales A/c’ To summarize the entry and give a comparative analysis - Sr. No. Mehta Traders Sharma Enterprises 1 Purchase of a Fixed Asset for office use Sale of Furniture (inventory) 2 Sharma Enterprises is a liability as there will be an outflow of money due to purchase Mehta Traders will be an Asset as there will be an inflow of Money due to sales 3 Dr. Purchase A/cCr. Sharma Enterprises A/c Dr. Mehta Traders A/cCr. Sharma Enterprises A/c Journal voucher in TallyPrime ----------------------------- We discussed journal voucher above as per the accounting principle. However, from an [accounting software’s](https://www.penieltech.com/) (TallyPrime’s) perspective, each business transaction gets bifurcated basis the voucher types. So, in Tally you can see various voucher types viz., Purchase, Sales, Payment, Receipt, Journal, etc. instead of just one type of transaction (voucher) i.e. ‘Journal’. Using different voucher types in [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) basis the nature of transactions, will help you record your transactions and analyse your reports easily. **Sr. No.** **Transaction** **Voucher Type in TallyPrime** 1 To record a payment made to your Supplier Payment 2 To record a receipt of money from your Customers/Clients Receipt 3 To record purchase of goods from your Supplier Purchase 4 To record sale of goods to your customers ‘Sales The above helps you in faster data entry of transactions. But if this is the case, then the question that may crop up to your mind is that _“When should I use ‘Journal’ voucher type?”_ So, there is a specific use of ‘Journal’ voucher type. Let us understand by taking examples of few business transactions. * When you buy a fixed asset for your business, for e.g., Machinery, Car, Furniture etc. You cannot record it in a ‘Purchase’ voucher type as you are not a trader of these fixed assets but using it for your office use. (As explained above in the case of Mehta Traders). If you were a trader like Sharm Enterprises, then you would have used ‘Purchase/Sales (basis the business transaction)’ instead of ‘Journal’ * To record depreciation for your fixed asset * To record prepaid expenses (Amount paid but expenses will accrue over the months/year etc.) * To record adjustment of taxes before making payment to the government department (Input vs. Output VAT) * To record correction of entry due to wrongly debited/credited account How to  record a journal voucher in TallyPrime ---------------------------------------------- Let us take the business transaction of Mehta Traders. **Date** **Particulars** **Amount (Dr.)** **Amount (Cr.)** 1-Nov-21 Dr. Furniture A/c 75,000     Cr. Sharma Enterprises A/c   75,000   \[Being Furniture @ 75000/- purchased from Sharma Enterprises on credit\]     The above entry can be recorded in TallyPrime in these simple steps  Step 1 Gateway of Tally > Transactions (Vouchers) > F7: Journal Step 2 You may configure – Use Cr/Dr instead of To/By during voucher entry by pressing Press F12: Configure as per your preference Step 3 Select the transaction date as 1-Nov-21 by pressing F2: Date Step 4 Dr. Furniture A/c (Fixed Assets) and specify the value against it as 75,000, then Cr. Sharma Enterprises (Sundry Creditors)_Note: In the ledger field, you can press alt and c keys to create ledgers on the fly and grouping it under Fixed Assets and Sundry Creditors respectively._  Step 5 Specify the narration for future reference purpose Step 6 Press ‘Enter’ key to accept the transaction ![journal voucher in TallyPrime](https://resources.tallysolutions.com/wp-content/uploads/2021/10/journal_voucher_in_tallyprime.png) This is how [Tally Prime UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) helps you to record the Journal voucher quickly and with simplicity! Reference: https://tallysolutions.com/tally/journal-entry-in-tallyprime/

Admin     Wed Oct 16 2024
Read More

QuickBooks

Know Everything About QuickBooks Desktop Enterprise

QuickBooks Desktop Enterprise 2022 is the most recent version of QuickBooks software. For expanding non-profit organizations and enterprises, it is a dedicated accounting platform that integrates activities such as payroll, inventory management, payables, and more into one system. It provides the same functionality as QuickBooks. However, [QuickBooks Desktop Enterprise](https://www.penieltech.com/quickbooks-enterprise-dealer-uae.html) 2022 includes more advanced features and procedures. It includes advanced pricing, payroll, and inventory management. Besides that, more data capacity and more complex inventory management are also included.  ![QuickBooks Desktop Enterprise 2022](https://www.penieltech.com/blog/wp-content/uploads/2022/04/Quickbooks-enterprise-2022-penieltech-1024x576.jpg) Before you start using QuickBooks Desktop Enterprise 2022, know more about the latest version of the software and about its features that will help to run an organization.  What is QuickBooks Desktop Enterprise? -------------------------------------- Designed for SMBs across different industry verticals, QuickBooks Enterprise is an [accounting solution](https://www.penieltech.com). Different industry includes retail, construction, manufacturing, and non-profit distribution. Using advanced inventory, reporting, and invoice tools, any business owner can expand business operations with the QuickBooks Enterprise solution. In addition to that, it provides premium support from Enterprise’s CS and Payroll teams as well. QuickBooks include payroll management, inventory management, invoicing, inventory tracking, multi-user management, expense tracking, and many others.  QuickBooks Enterprise offers customizable reporting tools. It helps users analyze data and make informed business decisions. This QuickBooks accounting software helps businesses find the QuickBooks data with over 200+ auto-filled templates and 70 industry-specific reports. It can solve any business-related issues in an organization. [QuickBooks](https://www.penieltech.com/quickbooks.html)‘ advanced inventory tools allow businesses to gain control and visibility over the inventory management process. Besides that, it also gives the ability to track inventory movement, manage any purchase order/sales order from one dashboard, automatically scan and update inventory items, and many more. QuickBooks Desktop Enterprise also allows businesses to control, customize, and automate financial transactions. It does it along with sales tracking, payment processing, job costing tools, batch invoicing, cash flow management, fixed asset tracking, invoice tracking, and many more. Businesses have to ability to scan and attach multiple documents. The tool enables businesses to arrange documents into categories. It helps to keep track of important accounting files. Moreover, this also maintains a change log to record changes within each document. Why QuickBooks Desktop Enterprise 2022? --------------------------------------- QuickBooks Desktop Enterprise 2022 is the only version available without payroll. If not using the payroll, it is the lowest subscription that one can buy easily. However, users can switch to any of the subscriptions as per the needs of the organization. It helps you to grow the business and easily access your company data while protecting it with complete security. Besides that, it offers various functions to the organization such as: * It helps to enhance and personalize enterprise to more than 200 apps. It would help you to grow your business. * Since it is assigned to certain employees and managers that would manage data, it improves security. * It increases the capacity by 6% of QuickBooks Pro and Premier. * With 100000 classes and custom fields, it enables you to access more than a million customers, vendors, and inventory items. * It further scales up your online customers to 40%. * If the employees have cloud access, it provides flexibility to them to work from anywhere they want.  **Free Demo Available for All Products:** Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_1" ).setAttribute( "value", ( new Date() ).getTime() ); Features of QuickBooks Desktop Enterprise: ------------------------------------------ There are some significant features of the QuickBooks Desktop Enterprise 2022 through which the organization can benefit a lot. All these new features and functions will help the business owner to take the business to the next level.  **1) 64-bit advanced processing power:** With QuickBooks Desktop 2022, the full capability of a 64-bit processor can be used. With a quicker and more reliable QuickBooks, accomplish your accounting tasks faster. **2) E-Commerce for QuickBooks with Webgility:** Track your revenue from different selling platforms such as Amazon, eBay, and Shopify. After that, synchronize them directly with QuickBooks UAE. Gain a clearer picture of your profitability and help simplify e-commerce management. **3) Pay and schedule bills faster:** Using a bank transfer, credit card, or debit card, schedule and pay bills within QuickBooks. Vendors receive money via physical Cheque or bank transfer. **4) Bill approval process:** With customizable approval workflows for bills, manage cash flow, and boost transparency. Handle accounts payable with confidence. **5) Bill entry automation and customized bill payments stubs:** From the QuickBooks Desktop mobile app or from bills sent by email, save time and have QuickBooks automate bill entries. By emailing confirmation to your vendors, maintain professional and consistent communications. **6) Choose from multiple customer contacts:** Send emails more quickly by choosing the right recipients from a list of customers as well as vendors. Add multiple customer contacts to your batch and reduce miscommunication from manual entry.  **7) Multiple Monitor support:** This software is up to three displays are supported. In a hosted environment, this feature is not accessible. Switching from an 18″ single monitor to a 20″ dual monitor arrangement can enhance productivity according to a 2008 University of Utah research.  **8) Advanced Inventory:** QuickBooks Advanced Inventory is an Enterprise add-on tool. It allows a company to keep track and virtually shift inventory. A company can manage your inventory process from a single dashboard using QuickBooks Advanced Inventory. Use mobile or traditional barcode scanning and track by bin, lot, or serial number.  **9) Landed Cost:** From the parts used by the manufacturer to the processing expenses, the landing costs comprise everything. Manually calculating this amount takes time and might result in loss. Having this option in QuickBooks Desktop Enterprise protects your earnings and improves business management within the organization.  Why Choose Us? -------------- QuickBooks Desktop is a one-time purchase of accounting QuickBooks software to be installed in your organization. To save time and ensure accuracy, automate your invoicing process with QuickBooks Desktop software. As a trustworthy and official QuickBooks dealer, Peniel Technology gives you the freedom to work from any device, anytime, and anywhere with the cloud-based QuickBooks Desktop. From QuickBooks Desktop UAE to QuickBooks Desktop Dubai, we provide the best accounting software for your organization. We set up recurring invoices for customers you bill regularly. As a result, you can focus on what matters most. Therefore, contact us to book a free demo of the [QuickBooks software](https://www.penieltech.com/quickbooks.html).

Admin     Wed Oct 16 2024
Read More

QuickBooks

How to Change the invoice layout on QuickBooks Pro desktop 2021

You can change the layout to portrait by clicking the **Customize data layout** in the **Print** tab and filter other details as necessary. I’ll guide you how:  1. Click **Customers** then **Customers Center**. 2. Choose the invoice transaction you want to print. 3. Select **Formatting** then, click **Customize Data Layout**. 4. Tap the **Print** button. 5. Click the **Use specified printer settings _below_ for this Invoice** radio button. 6. Under **ORIENTATION** click **Portrait**. 7. Hit **OK**. In case you print the invoice through the Invoice template, here’s how to change it: 1. Select **Lists** from the top of the screen while in QuickBooks company file. 2. Select **Templates** from the drop-down menu. 3. Highlight template to be printed. Click on **Templates** at bottom of the screen. 4. Select **Edit Template.** 5. From the Basic Customization pop-up screen, select **Additional Customization…**. 6. From the Additional Customization pop-up screen, select **the Print** tab. 7. Select **Use specified printer settings below for this invoice**. 8. Under **ORIENTATION**, select **Portrait.** 9. Hit **OK.** Also, QuickBooks follows the recent changes in your settings. If you change the printer mode to Landscape, it will continue to use the previous orientation on all other reports and documents. To change between Landscape and Portrait mode in the printer settings.  1. Open the Control Panel and then the **Devices and Printers** option. 2. Find your printer in the _Devices and Printers_ window and right-click the icon with your mouse or **Ctrl P**. 3. In the menu that appears, select **Print**. 4. Choose **Portrait** from the drop-down beside **Layout** and set it as default. 5. Click **Save**. I’ve included these articles that will guide you in saving or printing PDF files and how to fix issues in case you can’t print, email, or save as a PDF from [QuickBooks Desktop](https://www.penieltech.com/quickbooks-desktop.html): > Try Elate QB Addins for QuickBooks Custom Invoices > > Customized Invoices, Vouchers, Report from QuickBooks using Elate [**_QB Addins_**](https://www.penieltech.com/qb-addins-softwares.html) **Free Demo Available for All Products:** Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_2" ).setAttribute( "value", ( new Date() ).getTime() );

Admin     Wed Oct 16 2024
Read More

QuickBooks

9 Reasons Why QuickBooks Enterprise Is Essential

Whether you’re considering which accounting software to invest in or you are a current user of QuickBooks, you should know about QuickBooks Enterprise. From QuickBooks Enterprise UAE to QuickBooks Enterprise Dubai, this accounting software is quite among organizations all over the world. For small as well as medium-scale businesses, QuickBooks Enterprise is an all-in-one solution for Accounting Software. It boasts more features than any other version of QuickBooks.  ![QuickBooks Enterprise](https://www.penieltech.com/blog/wp-content/uploads/2022/04/9-Reasons-Why-QuickBooks-Enterprise-Is-Essential-Penieltech-1024x538.jpg) Besides that, it is Intuit’s “mid-market” offering as well. Even though it does cost more than QuickBooks Enterprise Desktop or Online, its significant features surely make up for the extra cost of the software. If you are a growth-minded company, then QuickBooks Enterprise is one of the most important software in the organization. In case you are not convinced even now, let’s check out some reasons why [**_QuickBooks Enterprise_**](http://quickbooks-enterprise-dealer-uae.html) is essential for an organization. Reasons Why QuickBooks Enterprise Is Essential: ----------------------------------------------- ### **1) Job Costing** Job costing is one of the number one reasons people upgrade to QB Enterprise. It allows you to create estimates, run detailed job costing reports, and track time & expenses against the estimate to determine the profitability of each job. Job costing capabilities are a game-changer for those switching to the software because accurate estimation is crucial for all types of businesses.  ### **2) Support Is Better**  For a period of one year at no cost, a QuickBooks Enterprise subscription opens access to free tech support for the accounting software. The support is only available for a single month while the Pro software has this option too. You will need support for longer than a month if you are just switching over to the _[**accounting software**](https://www.penieltech.com/)_. Moreover, through the Intuit Priority Circle, the technical support available to Enterprise users is provided which is staffed only by senior reps who deeply understand the product. ### **3) Backups are Easier Due to the Vault** You get a one-year subscription to an online vault as an extra feature when you sign up for a QuickBooks Enterprise subscription. You can use this 10GB vault to back up your data. It helps to keep your QuickBooks reports safe with no additional costs. Besides that, other files that can be stored include your spreadsheets, images, and more to your necessary accounting data. This is a unique benefit that comes with the use of the QuickBooks Enterprise UAE.  ### **4) Training and Educational Materials** The software comes with online training tools when you purchase QuickBooks Enterprise Dubai. These are provided free of charge. When you use the Premier or Pro versions of the software, you don’t get these useful materials. Even though you can find many free training resources online, they aren’t nearly as useful as the training provided by the vendor or developer. These training and educational materials help you in the overall productivity as well as the growth of the organization. **Free Demo Available for All Products:** Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_3" ).setAttribute( "value", ( new Date() ).getTime() ); ### **5) User Capacity Is Increased** QuickBooks allows availability for up to 30 users on the company file. Besides that, it also allows you to run more than one company file. If you plan on expanding your business into multiple branches, this can be incredibly useful. In addition to that, you won’t run into any restrictions with the software. ### **6) Licenses to Other Applications** The QuickBooks Enterprise Desktop comes with native integrations to many other applications. These integrations could prove useful to your business. If you don’t know, a free license is provided for each of the applications of the software. All of these are integrated into the QuickBooks software. That is why you don’t have to install them separately. Your business gains unique advantages over the competition when used in conjunction with accounting software. ### **7) Larger Files Can Be Processed** Company data files vary in size, and the pro version is only able to process files of about 200MB. However, you can process files that have up to a gigabyte of data in them with [**_QuickBooks Enterprise Cloud_**](http://quickbooks-cloud-dubai-abu-dhabi-bahrain-uae.html). In an enterprise version of the software, you are far less likely to hit the size cap with the data files. This means your company has to spend less time trying to archive data to stop the system from crashing frequently. ### **8) Permissions Range is Increased** Based on their security level, you must be able to limit user access because permissions are a huge issue for the organization. A new set of user account security tools is added with QuickBooks which makes it far easier to assign permissions throughout the system.  ### **9) Remote Access Privileges** Windows Terminal Services is a network service. It comes with standard Windows operating systems for business computers. You gain access to the system from locations outside the installation location if you use Terminal Services with Enterprise. However, when your company uses the Pro version of [_**QuickBooks**_](http://quickbooks.html), this does not work. In the usage of these services, the Enterprise tech support teams are trained and can easily assist you with any problems you may have. With QuickBooks Enterprise, you may also purchase a cloud hosting account. It is undoubtedly the easiest way to grant remote access to your users. Why Choose QuickBooks Enterprise of Peniel Technology? ------------------------------------------------------ Now that you know why Quickbook Enterprise is essential for an organization, why don’t you give it a go yourself? The privileges that come with this software prove it to be a worthy software. The benefit of extra storage in the online vault, remote access, and increased user capacity are some of the benefits that are provided by the QB Enterprise software. However, these are only some of the benefits you gain. If you see your business expanding in the future, the advantages of this version of the software truly outweigh the cost. And, Peniel Technology is the best dealer to get one for your organization.  We offer QuickBooks Enterprise Training and support in almost all Middle East countries including Oman, Bahrain, Saudi Arabia, Qatar, and UAE. From QB Enterprise Dubai to QuickBooks Enterprise UAE, we’re a trusted name in the industry as a QuickBooks Enterprise Dealer. Be it QuickBooks Enterprise Desktop or QuickBooks enterprise cloud, most businesses rely on our services. We are there for you at every stage from QuickBooks Enterprise Setup to post-sales support. So, if you want to know more about us or the software, contact us NOW!!

Admin     Wed Oct 16 2024
Read More

Accounting Softwares

What is Accounting Software? - Penieltech

What is Accounting Software? ---------------------------- Accounting software is a solution used by business owners, bookkeepers, and accounting professionals. It processes accounting transactions and manages accounts. Business accounting is the process of analyzing, recording, and interpreting financial information and transactions. It is the best way for a business to keep track of its operations. We all know that sometimes keeping track of these operations can be difficult. That is where accounting software steps in. ![accounting software](https://www.penieltech.com/blog/wp-content/uploads/2022/04/accounting-software-uae-penieltech-1024x660.png) Importance of Accounting Software in business: ---------------------------------------------- In order to capture a business’s entire financial picture, Business accounting involves a wide range of activities. Undoubtedly, it’s complex and time-consuming work. However, it has helped simplify these processes, execution of their strategies, and give business owners more time to focus on the administration.  ### **1) Automating tasks** [**Accounting software**](https://www.penieltech.com/) keeps manual data entry to a minimum with automation and increases efficiency. It requires you to enter information only once and after that, the accounting system will automatically extract your data when you need to create a transaction. ### **2) Making data accessible** With accounting software Dubai, accessing your financial data is easy. A cloud accounting solution allows you to get hold of your numbers from anywhere you want. All you need is a suitable device, a web browser, and internet connectivity. ### **3) Simplifying taxes** Manually calculating how much you owe, keeping track of all your transactions, and filing your returns is exhausting for businesses. By keeping everything you need in one place, [**accounting software UAE**](https://www.penieltech.com/) makes this process easier. From your accounting system, your return reports are automatically prepared and you can directly file returns without having to rely on a third-party app. ### **4) Reducing data loss** Bookkeeping in an organization is a difficult task. Most people aren’t willing to copy their accounts manually. You could easily lose important documents if you don’t back them up. To make your records easy to retrieve when you need them, accounting System organizes and stores data in various ways. Cloud accounting systems also have regular backups in order to prevent data loss. **Free Demo Available for All Products:** Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_4" ).setAttribute( "value", ( new Date() ).getTime() ); ### **5) Integrate with other business apps** With time, business data gets more and more complex. Using two or more different applications from a single place, integrations allow you to access and work with your data. Inventory management software can be integrated with reporting applications, online payment gateways, information management systems, and CRM solutions. It adds sales and business management functions to your accounting. Key features of Accounting Software: ------------------------------------ Accounting software offers a multitude of features that help simplify accounting tasks. From basic features that keep track of the money transactions of your business to other advanced features that give you control over your business, features of accounting software can vary depending on different vendors. ### **1) Online Payments** Collecting payments is an essential part of doing business. And, bookkeeping software should make it easy for you. If you don’t know, good accounting software lets you collect payments online and supports payment gateway integrations to make it easier for both you and the customer. ### **2) Invoice Processing** For every business, invoicing is the basic requirement. Your accounting software should let you keep track of who owes you, when the payment is due, and how much they owe. It should also offer additional features such as the automatic conversion of estimates to invoices, automatic invoicing, and payment reminders. ### **3) Accounts Payable** For your business, keeping track of your expenses and how much money you owe is crucial. Your accounting software should offer features such as vendor credit, purchase orders, expenses, and bills to make the payables side of your business operations as smooth as possible. ### **4) Banking** Every accounting software should offer you some link to your bank. With that, you can easily make payments as well as import your bank statements to your accounting system. However, some software goes beyond these basic functions to offer features such as automatic bank feeds, banking reconciliation, and transaction matching. ### **5) Reporting** To analyze the numbers, all bookkeeping software provides financial reports and makes business decisions for the future because accounting without analyzing the numbers is a waste. Besides that, a few accounting system options go further and support functionalities such as customization, report sharing, and scheduling. ### **6) Inventory** Inventory management is a vital part of goods-based businesses. Be it tracking stock on hand and sending notifications or be it you are running out of stock and making inventory adjustments, inventory management with accounting system can help streamline your business operations. ### **7) Time Tracking** A time tracking feature is a necessity for service-based businesses that charge customers for the time spent on a project. Bookkeeping software should let businesses track their projects and hours spent, convert hours directly into invoices, and also run work timers within the app. The best accounting software also offers role-based access. With this, without sacrificing the security of their data, business owners can collaborate with contractors and employees. How to choose the right Accounting Software for your business? -------------------------------------------------------------- You need to understand your business requirements when picking an bookkeeping software for your business. A few things that you should look for in your accounting system are a free trial, ease of use, multi-user access, automation, Online support, data security, scalable, pricing, technical support, and many other. Well, if you are looking for all these features, then you are in the right place. We provide all the benefits of having accounting software in your organization such as increased speed & efficiency, time-saving, reduced costs, and easy reports generation. Being the best Accounting Software dealer in Dubai, UAE, and all over the Middle East, Peniel Technology helps you with the best software for your business. From accounting software Dubai to accounting software UAE, we provide significant post-sales as well. We provide various benefits from accounting system for the overall growth of the organization. Be it installation of the software or providing training to the employees, we are worldwide famous for our services. So, contact us to book an appointment to know more about the software and a free demo.

Admin     Wed Oct 16 2024
Read More

Customer Relationship Management

7 Best Tools to Manage CRM Workflows

A good CRM solution focuses on the customers that keep your business alive. It offers the most efficient means to reach out as well as get to your customers. The offer includes analytics, workflow automation, social media management, contact management, social listening, and everything else in between. Elate CRM helps you get closer and establish a strong bond with the customer. Now there are a million different [CRM solutions](https://www.penieltech.com/crm-software.html) in the market. They all offer a number of features. That is why it can be quite difficult to choose the best one. ![CRM Tool](https://www.penieltech.com/blog/wp-content/uploads/2022/04/7-Best-Tools-to-Manage-CRM-Workflows-1024x538.png) Ultimately, you need a solution that best fits your organizational needs and requirements. Besides that, it needs to fit your internal workflows as well to enhance it for improved efficiency. To determine the right solution needed for your business, you need a properly defined workflow with clear-cut processes. With that, you will be able to determine the right solution that is needed for your organization. So, here are some of the best tools to manage CRM workflows for the ultimate growth of the business.  1) Elate CRM ------------ Elate CRM is one of the most holistic and versatile CRM workflow management tools. To facilitate efficient and effective completion of workflows, it comes with well-designed features. Elate CRM offers a whole range of capabilities in workflow management. From adding tasks to setting priorities to setting statuses, this tool offers all the functions. You can apply automation partly or fully to workflows and integrate it with other important applications. After that, sync data and keep each person in the workflow up to date. Besides that, it comes with a dedicated email marketing tool and social media management tools. It is one of the most reasonably priced and easy [CRM tools](https://www.penieltech.com/crm-software.html) to install in your organization. 2) Hubspot ---------- Hubspot is another all-encompassing CRM solution. It offers a separate segment specifically for CRM workflow management. It comes with a visual dashboard that allows you to see real-time updated progress details within the sales funnel. In this, you can add or remove tasks, track the performance of team members, schedule appointments, and many more. Hubspot provides ample scalability that allows you to sync customer data across channels and integrate the information for easy accessibility.  3) Zoho ------- Zoho is a comprehensive and complete brand solution. It includes everything from accounting to collaborative applications. Zoho is one of the most popular cloud-hosted CRM solutions in the market today. It is extremely user-friendly and involved no hassles in installation. Zoho comes with an array of features for customer data collection and insightful real-time analytics to make improvements. Besides that, it also offers features for workflow management. It comes with a whole library of applications to integrate.  4) SalesForce ------------- SalesForce is another one of the most popular sales & marketing tools as well as CRM workflow management tools. To automate and implement efficient workflows, a lot of companies in the world over-utilize the system. It includes some of the biggest names in various industries such as Macy’s, Spotify, Amazon, Toyota, and many more. The brand also offers tools for email marketing, contact management, accounts management, lead management, social media and many more apart from CRM workflow management. SalesForce also comes with a handy mobile app. It allows you to stay on top of customer interactions even while you are travelling. **Free Demo Available for All Products:** Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_5" ).setAttribute( "value", ( new Date() ).getTime() ); 5) Pipe Drive ------------- Pipedrive is more of a sales-oriented solution that allows you to categorize your leads due to the stages of each of them throughout the sales funnel. It is an efficient CRM workflow management tool that offers an insightful analytics tool. It helps you measure your performance in CRM. To sync other applications as well and in the form of add-ons, it features email integration as well along with flexible features. It serves to be the perfect solution for companies if they have high numbers of incoming leads as well as long and complicated CRM workflows. 6) Freshsales ------------- As the name suggests, Freshsales is another versatile solution for CRM workflow management. It is specially made for sales teams. It offers features like lead scoring, SMS integration, contact, lead & account management, and more in its workflow segment. It is an efficient workflow management tool where you can set priorities, add tasks, measure performance, and assign tasks to team members. Besides that, this tool also features analytics, event tracking, profile enrichment, email marketing. 7) Insightly ------------ Insightly is perhaps one of the most affordable solutions that offer the top-notch CRM tool that is the best value for money as well. It serves to be an all-rounder when it comes to features. It has ample storage capabilities, unlimited custom reports, far set monthly credit limits, and API access. It also allows third-party integrations as well as email marketing. Insightly offers features such as pipelines and activity reports in its workflow segment along with Google calendar and Contacts integration. Undoubtedly, it facilitates smooth and seamless workflows. **Conclusion:** CRM Workflows is a comprehensive solution that comes with intelligent automation tools. It allows you to identify repetitive and redundant tasks with effective automation of them and no excessive manual intervention. According to requirements, you can fully automate processes or partially automate parts of the workflow with CRM workflow automation tools. This way CRM workflow automation improves the overall efficiency of the marketing and sales team. Besides that, it allows managers more time to concentrate on creative tasks such as strategy development and product ideation. You need to use the right software to achieve maximum efficiency with CRM workflow management.  All the above mentioned CRM tools have their own unique strengths and capabilities that can work for your organization. You need to choose a [CRM system](https://www.penieltech.com/crm-software.html) workflow management solution that is flexible enough to adapt to your unique organizational structure as well as offers the best features in workflows. That is why Elate CRM from Peniel Technology is the best CRM system for the overall growth of the organization. It ultimately decides whether the end goal of establishing good customer relationships will be achieved feasibly. Elate CRM tool provide the most important means to make the most of a CRM solution and manage team workflows.

Admin     Wed Oct 16 2024
Read More

Accounting Softwares

Importance of Accounting and Auditing in your Organization

In today’s landscape, accounts and auditing are two processes that are vital for every business. On the one hand, accounting helps you to record daily data and reports of the organization. While on the other hand, auditing looks at the accuracy of those reports and data. Accounting deals with different processes financial transactions of a business. It is either performed by accountants or **FTA approved accounting software**. While Auditing is a process that involves ensuring that the data provided is true and has zero discrepancies. It is performed by auditors. ![Importance of Accounting and Auditing in your Organization](https://www.penieltech.com/blog/wp-content/uploads/2022/03/Importance-of-Accounting-and-Auditing-in-your-Organization-1024x537.jpg) There are many Auditing firms in Dubai that provide Auditing services UAE and other countries. One such firm is Peniel Technology. We not only provide auditing services but also we are the official partner of some of the best and FTA approved [accounting software](https://www.penieltech.com/). Besides that, we are also leading VAT/TAX Consultant UAE and other countries. However, at first, take a look at the basics of accounting and auditing that are significant for your business. Meaning of Accounting: ---------------------- Accounting is the process of analyzing, recording, and organizing the financial transactions of a business. Using the financial transactions as the foundation, these analysis reports are generated for the organization. Accounting is a step ahead of bookkeeping because it not only organizes all the business financial data into proper groups as per standards. Nowadays, accounting is done with the help of accounting software. It enables automation and complex calculations to take place. Moreover, depending on your business, it can be done on an accrual or cash basis.  There are many types of accounting in the business such as Managerial Accounting, Cost Accounting, Tax Accounting, Financial Accounting, Credit Accounting, and more. Financial accounting includes the generation of financial statements. Since it reveals the health of your company, it is used by lenders, auditors, and investors. Managerial accounting deals with the generation of process-changing statements. Cost accounting involves evaluating and studying costs in-depth. Credit accounting is ensuring that sufficient cash remains in the business for the smooth running of the organization. Lastly, Tax accounting ensures that tax returns are properly filed. **Free Demo Available for All Products:** Your name Your email Your Phone Product —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO Your message (optional) Δdocument.getElementById( "ak\_js\_6" ).setAttribute( "value", ( new Date() ).getTime() ); Meaning of Auditing: -------------------- Auditing is the thorough verification process of the financial statements of the organization. It involves examination and analysis of a system, product, and process of a business. To ensure compliance by a business, auditing of an organization takes place. It can be either for the purpose of follow-up or to check performance & compliance. There are three different types of auditing and those are system audit, product audit, and process audit. A system audit to evaluate the effectiveness and efficiency of the organization. A product audit analyses the product or service of the business to make sure it is working as per the requirements. Lastly, a process audit examines the processes of the organization and ensures they are working according to standards. An audit can be either first, second, or third party. The audit is performed in the business and the evaluation occurs in the first-party audit. An external audit takes place in a second-party audit. And, a stranger audit organization performs the auditing process in a third-party audit. The entire auditing process depends on the type of audit, the nature of the audit, and the individual or people performing the audit.  Need of Accounting in Business: ------------------------------- * Accounting is key for making informed decisions about your business. You are at risk of wrong record-keeping if you haven’t invested in accounting software which can crumble your business in no time.  * You will know about your expenses, losses, revenue, and profits with accounting. It enables you to reach your organizational goals in a systematic manner. Accounting is essential because it will tell you exactly where the money is going.  * It ensures you are paying taxes on time and allows you to pay your employees on time as well. * Accounting helps you in getting a loan when you need it and helps you attract investors as well.  *  It allows you to keep track of your debt-related information by ensuring you are not in trouble because of your debts.  * Accounting enables you to get access to insightful reports. As a result, it will give you detailed overviews of any part of your business. Need of Auditing in Business: ----------------------------- * Auditing is necessary for the organization because it gives you an unbiased overview of your business. To ensure you know where things aren’t as per standards and what you are lacking, auditing is a fundamental step. * Since auditing weeds out errors that may exist in your processes, it enables you to make decisions for the betterment of the organization.  * With auditing, it becomes possible to focus on the solutions that ensure your business is working the way it should. * Since auditing ensures transparency, you will know the problems and will be able to solve them. * External auditing enables your business to look more reliable and trustworthy to outsiders. And, it ensures a positive public image. * It helps you cement your relationships with suppliers and clients because they usually require auditing to proceed further. Peniel Technology for Accounting & Auditing: -------------------------------------------- Peniel Technology is a one-stop solution for all your accounting software and auditing needs. We provide an automated accounting tool to your organization that lets you record and analyze your financial transactions. It comes with a broad range of features that you can customize as per the needs and requirements of your business. All these are [**FTA approved accounting software**](https://www.penieltech.com/vat-uae-softwares-tax-dubai.html) that enables you to make the best decisions for your organization and create professional e-invoices in minutes.  On the other hand, Peniel Technology is one of the [**leading auditing firms in Dubai**](https://www.penieltech.com/auditing-firm-and-vat-consultancy-services.html) and worldwide as well. From providing auditing services UAE to being the best VAT/TAX consultant UAE, we have a team of professionals providing time-bound results. We will enable you to run your business effortlessly by providing the best and most authentic consultants and services in Dubai, UAE, and across the globe. If you want to know more about the accounting software and auditing services we provide, then contact us back and schedule a meeting!!

Admin     Wed Oct 16 2024
Read More