Category: Accounting

Short answer: “free” on the ERP market means four different things — a trial, a crippled edition, a free tier of a full system, and an open-source licence you host yourself. The software itself really can cost nothing. The bill...

Once you’ve honestly calculated your cost of goods — with delivery, duties, and everything the product picked up on its way to the warehouse — the next question comes up: what price should you actually set? And here most entrepreneurs...

Ask ten business owners how much they make on a product, and nine will calculate it like this: selling price minus purchase price. It’s fast, simple, and almost always wrong. Some understate the cost and think they earn more than...

You bought equipment, a car, or furniture for your business — and you treat it as a one-time expense that’s already behind you. Then you calculate profit as if that purchase no longer affects your money. This is one of...

A small business owner realises that Excel is no longer enough. The paper profit does not match reality, the warehouse lives its own life, every report takes an hour of manual work. It is time to choose an ERP system....

A retail store owner rarely wakes up thinking “I need to implement an ERP”. The decision usually comes through pain: two times in a row, you didn’t have enough stock for a customer’s order. Or inventory revealed a 50,000 UAH...

Excel stock balances don’t match reality. The salesperson promises a customer an item that’s no longer in stock. Inventory again reveals a 10% shortage. If this sounds familiar — the problem isn’t people, it’s the accounting system. Proper product accounting...

Inventory management software becomes essential when Excel spreadsheets can no longer handle stock levels, mix-ups, and stocktaking. Research shows that businesses without automated inventory management lose up to 5% of goods due to manual tracking errors. Here are 7 criteria...