BUILDESKS RETAIL STORE SOLUTION www jsninfotech com INTRODUCTION

BUILDESK’S RETAIL STORE SOLUTION www. jsninfotech. com

INTRODUCTION The Retail Management System provided by Citrus-Lime enables better stock control and stock analysis. A business that successfully manages their stock will operative cost and time effectively.

FEATURES Ø Sale Return Ø Purchase Return Ø Stock In Ø Stock Out Ø Balance Summary(ledger account) Ø Unit Conversion Ø Multiple Company Ø Network Based System

SALES Network Based System. The term ‘sale’ in a general business context involves an exchange of money or value for either a transfer of the ownership of a good or property or the entitlement to a service. Elements that must be present in order to make a sale valid are: Ø The competence of both the seller and the buyer to enter into a contract. Ø Mutual agreement on the terms of exchange. Ø Something that is capable of being transferred (a good, an ownership title, entitlement to a certain service, etc). Ø A consideration in money (or its equivalent in value) paid or promised. .

SALES RETURN Return of merchandise by a customer is regarded by debiting Sales Returns & Allowances (a contra revenue account) and crediting Accounts receivable (To reduce the account own by the customer. ) The return merchandise must also be accounted for by debiting inventory and crediting cost of good sold. If material, sales return should be anticipated by subtracting and allowance for estimated returns from account receivable. The adjustment for sales return is reduced by the actual return made during the fiscal year. .

PURCHASE Ø A purchase is a routinely operation carried by both individuals and corporations. Ø The purpose of this financial transaction is to transfer the ownership of a piece of property physical, intellectual, virtual or else. Ø By purchasing the property, the owner has the right to use it or dispose of it according to his will and purpose. Ø Purchases can be made in cash or credit. Ø To buy a product or service. Ø A product or service that has been bought by an individual or business. .

PURCHASE RETURN Ø A Purchase return is the return of goods by the customer. Ø The customer will receive a refund in the form of either credit or cash. Ø A Purchase Allowance occurs where the customer keeps the goods and a reduction in prince is granted. Ø Goods being defective or damaged. Ø Goods not in required quantity. Ø Not according to samples shown. Ø Ordered the wrong product and need to return it.

STOCK Ø A stock is a general term used to describe the ownership certificates of any company. Ø A share, on the other hand, refers to the stock certificate of a particular company. Ø Holding a particular company's share makes you a shareholder. Ø It is a place where shares of pubic listed companies are traded. Ø The primary market is where companies float shares to the general public in an initial public offering (IPO) to raise capital.

STOCK IN Ø When the product is have in the retail, it is called stock in. Ø JSN Infotech is a private limited company. In this company have many digital product in the form of stock. Ø Digital products like: Automatic Attendance Machine Datacard Printing Machine

STOCK OUT Ø When the product is out of the retail, it is called stock out. Ø JSN Infotech is a private limited company. In this company have many digital product in the form of stock for sales. Ø All digital product in the form of stock is used for sales in the market. Ø Digital products like: Automatic Attendance Machine Datacard Printing Machine

BALLANCE SUMMARY (Ledger Account) Ø The Balance Summary shows the balances outstanding on your account that are not provided in the Payment summary. This includes outstanding principal balances, finance charges, and any other charges that remain on your account. This section will also reflect balances on individual segments, if applicable. Ø Ledger in accounting book is called the second book of entry; because after recording the entry into the journal, it is recorded in the ledger. In ledger, the accountant doesn’t need to write a narration. The accountant needs to create a “T” format and then record the journal entries account wise.

UNIT CONVERSION Ø Retail conversion measures the proportion of visitors to a retail outlet who make a purchase. If 300 people visit your store in a day, but only 75 buy something, the conversion rate is 25 percent. To measure retail conversion, you must measure numbers of visitors and understand how to interpret the data. Ø The conversion rate is the number of conversions divided by the total number of visitors. For example, if an ecommerce site receives 200 visitors in a month and has 50 sales, the conversion rate would be 50 divided by 200, or 25%. ØA conversion can refer to any desired action that you want the user to take. This can include anything from a click on a button to making a purchase and becoming a customer. Websites and apps often have multiple conversion goals, and each will have its own conversion rate.

MULTIPLE COMPANY Multi-company accounting is software that manages the project accounting functions of multiple operations, locations and companies in a single database. This is a robust software solution that facilitates the ability to collect, utilize and report data generated from multiple operations.

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