The companies operate in extremely competitive conditions. From the small business to the multinationals, everyone seeks more profits and costs competitiveness. With very thin profit margins and a shrinking market share, companies can survive and grow only with constant cost reductions. Increasing complexity in accounting means that technology must be adopted to function efficiently. There are numerous accounting software packages. Quasar is an excellent package.
Why do we need accounting software, Because, the capabilities of an entity’s accounting system should be directed towards a better flow of operations and reporting mechanisms for control purposes. The basic accounting functions such as accounting are well addressed by Quasar. In addition to generating payment, receipt and transfer items for cash and bank, there are a number of modules that help in reporting management. The most interesting is its inventory control module. All versions of Quasar offer complete inventory checks. The module allows you to track the position and quantities of all inventory items. In addition to simple operations, the software allows inventory management for in-house assembled products. Manufacturing companies often assemble kits using components of raw materials from the inventory. With Quasar, when components are removed to assemble the kits, component inventory is adjusted appropriately. It also allows the grouping of elements into various categories and the nesting of groups in various levels. Stocks that fall below the reorder level can be reinstated with automatic vendor purchase orders. The costs and sales prices can be pre-set and discounted in different ways. Markup and sales figures can be easily extracted.
Sales billing and purchasing management are Quasar’s main strengths. The quotations of the customers are easily convertible into final invoices. Adjustments for promotional schemes and discounts can be made based on the period, customer profile or store location. Margins can be analyzed based on items, customers or sellers. Similarly, purchase orders can be compared with the supplier invoice. There are several payment options including printing a check. You can monitor miscellaneous expenses such as container deposits, transport costs and franchise rights.
Quasar has an intelligent design that allows a friendly user interface to facilitate data entry quickly and easily. Some accounting programs do not optimize the use of the keyboard. They depend on the selection of frequently used options via the mouse. This can be a way of working a little wasteful in terms of time. Quasar menu options are accessible via the mouse, but the interface allows the development of keyboard shortcuts. Therefore, data entry is accelerated, saving a lot of time in the long run.