ransformation from Excel journal to professional financial account
Ms. Yang is the proprietress of a business with 8 stores and knows the importance of effective accounting management for business operations.
The eight stores average nearly a thousand transactions per month, which makes her no longer able to rely on Excel for manual accounting. “We used to use Excel to manage accounts, but as the business expanded, manual management could no longer meet the needs.” Ms. Yang recalled the original dilemma. “We needed a more orthodox and professional tool, so we chose Lantu.”
Through cloud tools, accounting
collaboration of 8 stores was realized
With the help of Lan Tu, Ms. Yang’s company achieved systematic accounting management. She keeps accounts every day and records the daily income of each store into the system based on different payment methods. “We have 8 stores, and at least 24 revenue transactions need to be recorded every day.” She explained that such systematic operations not only improve efficiency, but also ensure the accuracy of data.
Ms. Yang also shared her company
’s experience in using the purchase, sales and inventory system to make their accounting work smoother. “Our accountant is specifically responsible for processing purchase bc data philippines and sales orders. All documents will be settled on the same day. After the orders are completed, the cashier will check whether the accounts are consistent with the actual cash flow.” This clear division of labor process makes financial management easier. Got to be more organized.
It is hoped that the transaction process
can be better tracked, which will help improve the efficiency of auditing.
As the business continued to develop, Ms. Yang a series of writing guidelines also discovered some inconveniences in use. “Our accountant sometimes changes the accounts of previous months, and when I check the accounts, I need to spend a lot of time tracing these material data changes.” She pointed out that the current system can only display the last change person, and cannot view the transactions. The complete process has caused some problems for supervision.