Accounting Software For Courier Company

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