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For SMEs, spending too much time on accounting can mean missing out on opportunities to focus on business development. This makes online accounting software both important and beneficial.Managing accounting within a business can be a headache for business owners, causing many entrepreneurs to spend more time on accounting than necessary. In an era of high competition and constantly changing economic conditions, SMEs that spend too much time on accounting may miss opportunities to focus on business development and growth. This is one reason why online accounting software is becoming increasingly important and beneficial. What are the reasons to use accounting software, and why do modern SMEs need it? This article provides the answers.Online accounting software: What is it?Online accounting software is a tool that helps record, categorize, manage, and access the cash flow of a business. It consolidates financial transactions into a single platform and can be accessed online with just an internet connection and any internet-enabled device.What functions does an online accounting program offer?The functionalities of an online accounting program cover all categories of business accounting. It includes the following functions:AccountingRecord financial transactions online on a cloud-based system, such as daily sales, purchases, receipts, and payments.InvoicingCreate professional invoices, including the ability to track the status of invoices such as sending, viewing, and payment, for convenient billing management.BillingOnline accounting software includes a function for issuing bills, which is crucial for the accounting system. The software designs bills to look professional and credible, preventing data omissions.Financial reportsProvide an overview of the business's finances, including income and expense reports. This information helps in systematic financial planning and is essential for long-term business development.Facilitate budget preparationAccounting software helps us create budgets for operations, campaigns, projects, or financial reports necessary for our business more easily and efficiently.7 Reasons Why SMEs Need Online Accounting SoftwareFor small and medium-sized businesses, access to accounting and smooth accounting processes are crucial. Here are the reasons why SMEs need online accounting software.1. Cost-effective and budget-friendlyOnline accounting software is relatively inexpensive compared to installed software, with no maintenance costs and no need to hire IT staff for system updates and fixes.2. Accessible from anywhere, anytimeSince online accounting systems are cloud-based, you can access account information and updates from anywhere at any time with just an internet-enabled device. This system provides real-time updates, offering greater convenience.3. To ensure data accuracyManually entering accounting data into spreadsheets can lead to errors. One purpose of using accounting software is to reduce these errors, ensuring greater data accuracy. Accurate accounting information is crucial for effective business operations.4. Data securityIf data or spreadsheet files suddenly go missing, it can be quite a headache. Recovering files and retrieving data can be time-consuming. Online accounting software regularly backs up data on the cloud to reduce the risk of data loss, which could otherwise disrupt business operations.5. Better understanding of accounting informationOnline accounting software provides comprehensive accounting data across all categories, such as payments, income and expenses, quotes, invoices, and bills. In addition to convenience, it also enhances the analysis of your business performance.6. Paperless, eco-friendly softwareBusiness owners know that accounting operations often involve excessive paper use. Using online accounting software helps reduce paper consumption, contributing to environmental sustainability.7. Integrates with other ERP systemsBecause an organization's accounting involves various components, such as quotes, invoices, purchase orders, and expense records, a good accounting program should be able to integrate with sales programs, procurement programs, and expense management systems.What are the key features of Treesoft.io's online accounting software?TreeSoft.io online accounting software is an ERP system based on cloud technology, allowing for convenient access from anywhere, at any timeThe key features of Treesoft.io's accounting software are as follows:Create professional payment vouchers and receipts.Create invoices and bills.Send invoices online.Partners can approve through the website.Control access rights to various accounting documents.Directly email customers.

Order information, purchase orders, and payment confirmation details are all managed by a Purchase Order (PO) program. So, what is this program?Business operations, whether in large enterprises or SME-level companies, require an ERP system to facilitate processes and reduce various expenses, as well as to ensure the accuracy of financial information, particularly regarding order information, purchase orders, and payment confirmation details. This data is crucial for improving warehouse efficiency and ensuring business transparency. The program that assists in this area is a Purchase Order (PO) program. So, what is this program, what important features does it have, and how does it benefit the overall business?What is a Purchase Order (PO)?A Purchase Order (PO) program is designed to facilitate the creation, tracking, and management of purchase orders, quotations, and payment confirmations. It enhances the efficiency of the procurement process and improves accuracy and effectiveness in the ordering system.What functions does a Purchase Order (PO) program have?Automatic purchase order creation helps reduce manual data entry.Approve the order before issuing the purchase order to the vendor.Supplier management, including contact information, contract terms, performance history, and various requirements.Track the budget and monitor spending against the budget.Track the status of purchase orders from creation through to delivery.Integrate with other programs. The purchase order program works with other systems, such as inventory management software and financial accounting programs.Manage documents by storing various purchase-related documents, such as trade contracts, tax documents, and receipts.What are the benefits of a Purchase Order (PO) to businesses and warehouses?A Purchase Order (PO) program will streamline and expedite the procurement process, improving the accuracy and precision of information. The benefits of a PO program to businesses and warehouses are as follows:1. Increase warehouse efficiencyโปรแกรม PO จะช่วยรักษาระดับสินค้าคงคลังให้เหมาะสม เมื่อระดับสต๊อกสินค้าลดลงต่ำกว่าจุดที่ควรจะเป็น ระบบโปรแกรมการจัดซื้อจะช่วยให้มั่นใจได้ว่าสต๊อกสินค้าจะถูกเติมทันเวลา เพื่อลดโอกาสสินค้าคงคลังหมด ซึ่งส่งผลเสียต่อการทำธุรกิจได้2. Improve accuracy and reduce errorsA Purchase Order (PO) program can reduce the risk of various errors by minimizing the need for manual data entry. With just a few inputs, you can create a purchase order, and it also helps prevent mistakes related to inventory figures.3. The procurement system becomes more agile and efficientA good procurement system needs to be highly agile. The PO program assists in creating, processing, approving purchase orders, and tracking orders more conveniently than manually handling purchase orders, which is time-consuming. It ensures timely restocking, reduces working time, and significantly improves the overall efficiency of the procurement system.4. Reduce costs and help control the budgetCost management and budget tracking are crucial for enhancing the efficiency of an organization or business. A Purchase Order (PO) program is one tool that helps with cost savings and budget control. It tracks orders, reduces excess inventory, leading to savings in warehouse storage costs and other procurement-related expenses.5. Improved supplier managementMany business owners know that managing multiple suppliers simultaneously can be challenging and time-consuming. A PO program is highly beneficial for managing suppliers, as it aids in communication, speeds up order updates, tracks procurement status, and facilitates rapid approval of orders. This allows for better analysis of each supplier to identify the most efficient ones, leading to improved inventory turnover and reduced costs.6. Reduce administrative workloadTreesoft.io's PO program is one of the ERP solutions we have developed to enhance business management efficiency. It is a cloud-based system that allows access from anywhere with an internet connection and a device.Key features of Treesoft.io PO program are as follows:Create purchase orders and approve purchases within the program.Track the status in real-time.Can send purchase documents online.Partners can approve on the website.Can send emails to partners with PDF attachments.Can connect to a printer for printing purchase order documents.In summary, a Purchase Order (PO) program enhances the convenience of the procurement process, reduces data errors, and improves the efficiency of inventory management. It minimizes time-consuming burdens, allowing the business to operate more smoothly.

Inventory management is a time-consuming and complex task. What can simplify it? Inventory management software is one such solution. Whether for large organizations, SMEs, or online businesses that deal with inventory and stock management, efficient inventory management software is essential. It allows overseeing overall stock levels, organizing storage, recording goods in and out, monitoring remaining quantities, item locations, tracking shipments, and more. These tasks are difficult to handle manually, hence the need for software.What is inventory management software?Inventory management software is designed to efficiently track, manage, and organize inventory. It improves upon traditional methods like paper-based inventory tracking or data-entry intensive programs, often being a part of ERP systems or business process management software.What can inventory management software do? It tracks inventory levels, controls stock, manages purchase orders efficiently, optimizes warehouse or storage space, secures data integrity, and generates numerical reports about inventory.How does inventory management software benefit online businesses? It offers numerous advantages:Accuracy: Ensures precise inventory management, eliminating errors common with manual methods.Cost savings: Reduces excessive stock holding costs, optimizing inventory levels.Time efficiency: Speeds up data entry and processing, saving time for employees.Improved customer service: Enables quicker order fulfillment, enhancing customer satisfaction and trust.Stock calculation: Helps avoid overstocking, which can lead to space and financial inefficiencies and potential product damage.Data-driven insights: Provides data on stock turnover, sales trends, and other metrics critical for business decisions.Scalability: Supports business growth by handling larger inventories effectively.Integration: Works seamlessly with platforms like Shopee or Lazada, centralizing inventory management across multiple sales channels.What features does Treesoft.io's inventory management software offer?Treesoft.io's inventory management software caters to SMEs and online stores with: Easy-to-use cloud-based ERP accessible from any device.Batch/serial product analysis for goods in and out.Inventory valuation and space planning.Rapid SKU search to minimize risks of product damage or expiration.Backward tracking of stock movements.Integration capabilities with POS or accounting systems.In summary, inventory management software is indispensable for any business dealing with inventory, providing accuracy, convenience, and efficiency in controlling and managing stocks effectively.

Business organizations, whether large or small, require effective business management systems such as ERP (Enterprise Resource Planning). But what exactly is ERP and why is it essential for SMEs?Business management, regardless of size, involves handling detailed processes. The more intricate these processes are, the more challenging they become to manage. Critical data may become fragmented or time-consuming to handle, which can disrupt business operations and efficiency. Therefore, efficient business management systems like ERP are crucial for all organizations, including SMEs.What is ERP?ERP, or Enterprise Resource Planning, simplifies business process management by integrating various functions such as finance, sales, procurement, inventory management, payroll, HR, data management, and more into a unified system.Popular Types of ERP Systems:1. On-Premise ERPInstalled directly on a company's hardware and servers, requiring IT staff for maintenance and incurring higher costs.2. Cloud-Based ERPHosted on cloud servers, accessible via the internet from multiple devices without the need for extensive IT infrastructure, offering pricing or cost-effective solutions.Suitability of ERP SystemsOn-Premise ERP: Suitable for large organizations with extensive data needs like manufacturing firms, financial institutions, and hospitals.Cloud-Based ERP: Ideal for medium to small enterprises (SMEs) due to lower upfront costs, minimal IT staff requirements, and scalability.Benefits of ERPEnhanced Efficiency: Improves workflow efficiency and data accuracy by streamlining processes such as payroll, purchasing, and sales.Enhanced Efficiency: Improves workflow efficiency and data accuracy by streamlining processes such as payroll, purchasing, and sales.Improved Data Accuracy: Minimizes data errors and ensures consistent information across departments.Improved Data Accuracy: Minimizes data errors and ensures consistent information across departments.Flexibility: Adaptable to business growth or scaling down without major IT investments.Cost Savings: Reduces operational costs and IT maintenance expenses, especially with Cloud-Based ERP.Better Communication: Facilitates efficient data sharing and collaboration across departments such as inventory, sale or procurement.Integrated Data Management: Centralizes financial, sales, customer, inventory, and HR data for easier access and management.Data Security: Offers robust security measures to protect sensitive business information.Treesoft.io ERP Software HighlightsTreesoft.io offers a Cloud-Based ERP solution tailored for SMEs, featuring over 10 essential business applications such as point of sale, sales management, procurement, payroll, accounting, inventory control, HR management, customer management, and product/service management.Conclusion:In the fast-paced business environment, both large enterprises and SMEs require agile and accurate management systems. ERP software plays a pivotal role in ensuring efficient management of various business processes, enhancing productivity, and facilitating growth. For SME owners looking to streamline operations, Treesoft.io provides an accessible, user-friendly ERP solution with a 14-day free trial and no feature limitations, making it easy to get started without upfront costs, signup now.