Business Setup

Business Setup

ERP software is used by organizations to automate and streamline their business processes. It is a comprehensive system that integrates all the different aspects of a business, such as accounting, human resources, inventory management, customer relationship management, etc. 

ERP software is designed to help businesses improve their overall efficiency and performance. It can also help businesses save time and money by reducing the need for manual processes and paperwork. 

If you are thinking about setting up a business, then you should definitely consider using ‘VAIVAL ERP’ software. In this article, we will explain everything you need to know about ERP software and how it can benefit your business. 

Here is The Business Setup Listing View.

Chart of Account

In business, the term “chart of accounts” refers to a listing of the accounts used by a company in its accounting system. The chart of accounts includes all the accounts that are used in the general ledger to record transactions. 

The purpose of the chart of accounts is to provide a structure for the collection and reporting of financial data. It is also used to ensure that all transactions are recorded in the correct accounts. 

 ERP software typically includes a chart of accounts that can be customized to the needs of the company. The chart of accounts is one of the core components of the accounting system and is used to generate financial statements. In Vaival Erp we have provided a 4 level chart of accounts and each level helps us to provide detailed reporting.

Here is the Chart of account listing view

To open a New Account :

1. Click on Add New.
2. Select Account Type.
3. Select Detail Type.
4. Add Account Title.
5. Select Currency.
6. Add Description.
7. Click Save.

You Can import your Chart of Account :

1. Click on Import from Excel.
2. Choose your file/get a format by clicking here.
3. After uploading press the save button to import your Chart of Account.

Customer Center   

An enterprise resource planning (ERP) software system provides many benefits for businesses, including improved customer service. The goal of an ERP system is to integrate all areas of a business, including customer, human resources, and supply chain management, into a single platform. 

An ERP customer center is a customer service tool that is integrated into an ERP system. It gives businesses a 360-degree view of their customer data, including customer contact information, you can add customers in multi-currency in Vaival Erp by using this page.

Here is the Customer Center listing View.

To open a New Customer :

1. Click on Add New.
2. Add Customer Name.
3. Select Currency.
4. Add Description.
5. Fill remaining Fields.
6. Press Save.

Vendor Center

In this article, we will introduce you to the Vendor Center –

Vendor Center is a service tool that is integrated into an ERP system. It gives businesses a 360-degree view of their vendor data, including vendor contact information, you can add vendors in multi-currency in Vaival Erp by using this page

Here is the Vendor Center listing View.

To open a New Vendor :

1. Click on Add New.
2. Add Vendor Name.
3. Select Currency.
4. Add Description.
5. Fill remaining Fields.
6. Press Save.

Inventory Account

An inventory account is a type of financial account that records the value of a company’s inventory. The value of inventory can fluctuate greatly from month to month, and it is important for businesses to have an accurate record of their inventory levels.

If you are a business owner, it is important to understand how to track and manage your inventory. The best way to do this is to use ERP software. ERP software is designed to help businesses manage their inventory levels and track their financial performance.The inventory account is also used to record the cost of goods that a company has sold (COGS), as well as the cost of goods that a company still has in stock (Inventory). An inventory account is typically found on a company’s balance sheet. The inventory account is important because it provides information about a company’s current assets. It also provides information about the company’s ability to pay its debts.

The inventory account is an important part of a company’s accounting system, as it provides valuable information about a company’s profitability and cost of goods sold. In addition, the inventory account is used to calculate a company’s inventory turnover ratio, which is a key metric used by investors and analysts to assess a company’s operational efficiency. 

If you are a business owner or manager, it is important to have a good understanding of your company’s inventory account. This article will provide you with a basic overview of the inventory account and its purpose.

Here is the Inventory Account listing View.

Here is the Inventory Account Tree View.

To open a New inventory:

1. Click on Add New.
2. Select Account Type.
3. Select Detail Type.
4. Select Inventory Type.
5. Fill remaining Fields.
6. Press Save.

You Can import your Inventory :

1. Click on Import from Excel.
2. Choose your file/get a format by click here.
3. After uploading press the save button to import your Inventory.

Class

To open a Class :

1. Click on Class.
2. Add Class Name.
3. Select Parent Class.
4. Select Status.
5. Press Save.

Financial Year

To open a Financial Year :

1. Click on Financial Year.
2. Add Year Name.
3. Select Start Date.
4. Select End Date
5. Select Status.
6. Press Save.

Tax Rate

We have provided tax rates according to the Income Tax Ordinance 2001. You can add up new sections by clicking on add Tax Rate and update these tax sections by using the edit button. 

Bank

To open a New Bank :

1. Click on Add Bank.
2. Add Bank Name.
3. Add Abbreviation.
4. Press Save.

To open a New Bank :

1. Click on Bank Account Type.
2. Add  Bank Account Type.
3. Press Save.

To open a New Bank Account :

1. Click on Bank.
2. Select Bank Branch.
3. Add Account Title
4. Add Account Number.
5. Add Description.
6. Fill remaining Fields.
7. Press Save.

To open a New Bank :

1. Click on Bank Branch.
2. Select Bank.
3. Add Branch Name.
4. Add Branch Code.
5. Fill remaining Fields.
6. Press Save
   

Fixed Asset Inventory

Fixed asset is an accounting term that refers to a long-term physical item that a company owns and uses in its business operations. A fixed asset cannot be easily converted into cash, and it is not intended for resale. 

A company acquires fixed assets to generate revenue or income. The fixed asset inventory is a list of all the fixed assets a company owns, along with pertinent information about each asset. The inventory is used to track the value of the assets, depreciation, and location. 

With the Vaival software, you will be able to track your assets custodian-wise more efficiently and effectively.

Our software solution can help you keep track of your assets through the entire lifecycle – from acquisition to disposal. It can also help you automate many of the tasks associated with asset management, such as asset tracking, maintenance, and depreciation. 

 Investing in an ERP software solution is a great way to improve your asset management process and make your life easier. In this blog post, we will take a look at the many benefits of using an ERP software solution for fixed asset inventory.

Here is the Fixed Assets Inventory listing View.

Here is the Fixed Assets Inventory Tree View.

To open a New Asset :

1. Click on Add New.
2. Select Asset Type.
3. Select Detail Type.
4. Select Category.
5. Fill remaining Fields.
6. Press Save.

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