Online Billing Software offered by RNT International is basically an add on optional software module which can be integrated with Inventory Management software. Lot of times the customer opts only for Inventory Management Module of the software whereas the billing is done by the separate software for billing
While the basic function of Inventory Software is to keep track of inventory, the pupose of billing software is to do the billing of Inventory Material
Inventory Management Software when offered in integration with Billing Module is termed as Inventory Management and Billing Software. Further since the software offered by us is completely online and web based it is termed as Online Inventory Management and Billing Software
The material when issued from stores, has to be accompanied with a documents namely item issue note or delivery challan. When the material is isued for consumption or usage to other department within the company it is issued under item issue note. whereas when the material is issued to customer it is issued under the Inventory document termed as Delviery Challan
While Delivery Challan affects the inventory values, the same material when invoiced with Billing software relects into accounts receivables of accounting software of the company which again may or may not have been integrated with Inventory and Billing Software
We at RNT International can also offer the accounting module of the software which can be integrated with Inventory and Billing Module and hence offered as a complete Inventory Accounting Software.
Inventory item process flow and documentation-
The Invoice raised for the Inventory item needs to mention various taxes, duties and charges applicable as per the relevant tax laws prevailing in the state where the transation is taking place.
In a country like India, the Online Invoicing software is very crucial since each state has different Tax rates applicable on different items and hence the Billing Software which is online helps in controlling this centrally while maintaining the universal basic price list in different states.
Also feature of Online Billing helps you to raise the invoice centrally at the agreed prices whereas the physical print out of Invoice is taken at point of Sales POS due to which this at times is also called Bill Generating and Printing Software
The Online Invoicing Software offered by RNT International can also generate various Invoicing reports like-