Cound I use Inventory Power software
for my company
Inventory Power is an inventory management software that designed specially to meet the requirements of small and medium sized enterprises(SME). Inventory Power is suitable inventory management software for most SME style companys, such as computer store, cell-phone store, bookstore, boutique, shoe store, online shopping malls etc. Inventory Power has been tested in most company inventory management system conditions.
Can Inventory Power work in my country
market and tax codes
Inventory Power is suitable inventory management software for worldwide country market. You can customize tax codes and value as your country and province demand. Inventory Power supports two tax codes, you can setting up tax codes and value in following window.
We recommend that you change the password after login.
Does everything have to be manualy put into the
program database firstly
No need. You can create invoice right after program installation. Scan the item's barcode tag, if the item already exists in the stock, the item name, price and quantity will be displayed in the invoice item list. If not, "Update Inventory" window will appear and allow you to add the new item with the name, price, quantity and category to stock.
What is the minimum requirements for Inventory Power
server program and Inventory Power client program
Server program: 333 MHz Pentium II, Ram 64 MB memory
Client program: 333 MHz Pentium II, Ram 64 MB memory
Both client program and server program run properly in Win 98, 2000, NT, Me, XP
Where can I find a full information about barcode and barcode scanner
For barcode knowledge and search for a good barcode scanner, you can refer website IDAutomation.com
What is FIFO, LIFO and WAC for inventory valuation?
FIFO(First In First Out) is an asset-management and valuation method in which the assets produced or acquired first are sold, used or disposed of first. FIFO may be used by a individual or a corporation. For taxation purposes, FIFO assumes that the assets that are remaining in inventory are matched to the assets that are most recently purchased or produced. Because of this assumption, there are a number of tax minimization strategies associated with using the FIFO asset-management and valuation method.
LIFO(Last In First Out) is an asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first. LIFO assumes that an entity sells, uses or disposes of its newest inventory first. If an asset is sold for less than it is acquired for, then the difference is considered a capital loss. If an asset is sold for more than it is acquired for, the difference is considered a capital gain. Using the LIFO method to evaluate and manage inventory can be tax advantageous, but it may also increase tax liability.
WAC(Weighted Average Cost) method takes the weighted average cost of all items available for sale during the accounting period and then uses that average cost to determine the value of the cost of goods sold and ending inventory.
For full details, you can refer Inventory Valuation For Investors: FIFO And LIFO from investopedia.com
Why I cannot find image and background
color in my customer invoice print page
If you cannot find image and background color in invoice print page, you should set it up in Internet Explorer options. Do it as follows:
I have a question for support
If you have question or advice, feel free to contact us online