ACCOUNTING & INVENTORY

Accounting & Inventory is the body of accounting that deals with valuing and accounting for changes in inventoried assets. A company's inventory typically involves goods in three stages of production: raw goods, in-progress goods, and finished goods that are ready for sale.

Accounting & Inventory will assign values to the items in each of these three processes and record them as company assets. Assets are goods that will likely be of future value to the company, so they need to be accurately valued in order for the company to have a precise valuation. Inventory items at any of the three production stages can change in value. Changes in value can occur for a number of reasons including depreciation, deterioration, obsolescence, change in customer taste, increased demand, and decreased market supply, and so on. An accurate inventory accounting system will keep track of these changes to inventory goods at all three production stages and adjust company asset values and the costs associated with the inventory accordingly. Our X-POS software for showroom, pharmacy, supershop fashion shop. With Our X-POS software you can easily keep all kinds of accounting information of your organization. As the software is based online, it can be operated from anywhere in the world. The software can be used on any device including mobile and TAB also. This software helps to manage, analyze and get reports of extensive data, while saving time by sort out repeated data entry.