Home › Inventory Management Software

Inventory Management Software for Shops and Godowns

Stock software fails in shops for one reason: it asks for a separate entry. If billing happens in one place and stock in another, the two stop matching within a fortnight. In MaterialBill stock moves because you billed and because you purchased — there is no third step for anyone to skip.

Stock in the units the trade actually uses

Material stock is not counted in "pieces". Cement is bags, steel is kilos bought in tons, aggregate is CFT or tractor loads, tiles are boxes that convert to square feet, wire is metres cut from a coil. MaterialBill holds the unit and the conversion against the item, so you can purchase in one unit and sell in another with both the stock figure and the bill staying correct. That single thing is why generic inventory software does not survive in a material shop.

Knowing before you run out

Set a minimum level on any item and you are alerted before it reaches zero rather than when a customer is standing at the counter. For seasonal trades — the hill states, the agricultural belts, anywhere the building season is short — the movement report over last season is what the pre-order should be based on, and it is available for any date range. Slow-moving stock shows up in the same report, which is usually where a shop's capital is quietly sitting.

Godowns, valuation and what it is really worth

Stock can be held godown-wise, so what is at the shop and what is at the yard are separate numbers rather than one total nobody trusts. Valuation runs off purchase cost, and because inbound freight can be recorded against a purchase, the landed cost reflects what the stock actually cost you rather than the supplier's invoice value. That is the figure your selling rate should be set from, and it is usually higher than shops assume.

Starting with opening stock

The one manual step is the first count. Enter what is physically in the godown against each item on the day you start and the figure maintains itself from then on. Do it for the items that matter — the twenty or thirty lines that make up most of your turnover — rather than trying to count everything at once, and add the rest as you sell them. A correction entry is available whenever a physical count disagrees with the system, which is normal in a trade with breakage, spillage and short deliveries. What you should not do is postpone starting until a perfect count exists, because it never will.

What you get

Frequently asked questions

Can I buy in tons and sell in kilos?
Yes. The conversion is held on the item, so the purchase, the sale and the stock figure all stay correct.
Does it handle more than one godown?
Yes, with quantities held separately per godown as well as a combined figure.
Will it tell me what is not selling?
Yes. The movement report over any period shows fast and slow lines, which is where most shops find capital tied up.
Do I have to do a physical count?
Only to correct for breakage and shrinkage. Day to day the figure maintains itself from billing and purchases.

Related

Features › Inventory Godown Stock Management Software Barcode Billing Software Purchase Order Software Android Billing App Offline Billing Software Barcode Billing Software Khata Book App Udhar App

Try It Free — No Card Needed

Create your account in two minutes and raise your first bill today. The free plan stays free, and setup help is available in Hindi on WhatsApp.