Accounting Software For Courier Company
QuickBooks

Accounting Software For Courier Company

Posted On June 3, 2017 at 8:52 pm by / No Comments

Courier companies are serviced based businesses that help clients or customers deliver parcels, documents or goods to different locations. A good example of a courier company in Nigeria is FEDEX, one of the world’s leading logistics companies serving million of individuals and corporate customers.

In this guide, I will be sharing tips on how accounting software can simply automate your business processes and make daily tasks effective:

  • You have a customer dashboard designed to manage your client’s information and show their transaction history. If you maintain an individual account that tracks all transactions – payments and invoices – specific to each client, an accounting software will accurately reveal the current status of your customers – receivables, recent payments, the latest invoice issued and cumulative transaction value.

  • On inventory management, it’s not appropriate to recognise parcels, documents or goods in your warehouse as a current asset but you can track all fees charged on storage as income in your profit or loss.
  • Expenses incurred on delivery can also be classified as “Cost of sales” so you can monitor your actual profit or loss on delivery.
  • Your fixed assets are delivery van or bikes – which can also be depreciated on a monthly, quarterly or annual basis.
  • There is also a feature built to monitor your bank transactions, transfer funds and reconcile your statement every month.
  • The report section covers your income report, expense report, profit or loss, balance sheet, cashflow statement, and other customizable management reports.

A good software you can implement for your Courier company is QuickBooks.

For more inquiries and questions on how we can deploy an accounting software for your courier company, send a mail to info@accountingsoftware.com.ng or call 08084219399, 08105090001

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