KwikBizLite NewsLetter from SYSNET ASSOCIATES (INDIA) PRIVATE LIMITED. Issue No: 001 Dated 1st May 2008

KwikBizLite - A Micro ERP Product for Emerging Enterprises.

"KwikBizLite" is an integrated software solution for emerging enterprises in Trading, Manufacturing,
Service or similar fields. It covers the business functions of Sales, Purchase, Inventory and Accounts.
KwikBizLite is built and designed to handle business operations of typical Small & Medium businesses (SMB) in Trading, Manufacturing, Service or similar fields.

In this issue we will talk about the 'Item Master' profile. Business Software Solutions
Editor: Mr. M.V. Santhanam

KwikBizLite is a complete Business information system, for any SMB company. It handles key business operations.

All the Items/Products that are Purchases/Sold/Produced in your organization is to be defined in this profile. An Item or Product has to be grouped under a Category. The 'Item Master' profile holds the basic information of the Item/Product and these are referred in other profiles. On creating a new entry in this profile, an entry is automatically created in the 'Item Balance' profile for Accounting Year. It is important to give the Item name correctly, since these names cannot be modified later.

KwikBizLite - Business Matters

The Item Master data as kept in KwikBizLite. Important Elements of this Profile.

Category Type: The Category to which the Item/Product is grouped under. The list of Category Types is referred from the ‘Item Category’ profile.
Item Name: The name of the Item/Product.

UOM: The Unit of Measure for the Item. To be selected from the list of predefined units.

Purchase Price: The basic purchase price of the Item.

Selling Price: The basic selling price of the Item.

Taxable Item: To indicate if this Item/Product is exempted from Tax.

Tax%: The Tax percentage for the Item.

Stocking Item: To indicate if Closing Stock Quantity and Value has to be calculated for this Item.

Reference File: A reference to a drawing or a picture or any document about the Item. In View mode, on Double-clicking the mouse button on this reference the file referred will be opened.

Carry Over: To indicate if the Item/Product has to be created for the New Financial Year.

Item Specification: A brief specification of the Item can be entered in one or more lines.

Q & A : Your Questions are answered by KwikBizLite Experts, below.

Question 1: What are the functions covered under 'Sales Module' in KwikBizLite?
Answer: Sales modules maintains the Customers, Finished Goods Stock, Creating Quotation, Raising Invoices for Goods and Services, Point of Sale Billing and Status reports on Sales & Dues.

Question 2: What are the functions covered under 'Purchase Module' in KwikBizLite?
Answer: It Maintains the Items and Supplier, Raising Purchase Orders and Procurement of Services, Status report on Purchases and Casual Purchases & Purchases of Non Stocking Items can also be recorded.

Question 3: How to Maintain Stock in KwikBizLite?
Answer: In KwikBizLite Stock Maintainance for all goods, Receipts, Issues and Transfers. Stock Adjustments entry, Stock Ledger, Stock Valuation and Non Stock Items.

Question 4: How Accounts Modules works in KwikBizLite?
Answer: Accounts Module it includes Cash Voucher, Bank Voucher and Journal Voucher. Prepration of Bank Reconciliation Statements, General Ledger, Trail Balance, Profit & Loss Statement and Balance Sheet.

Question 5: What are the Key Benefits of KwikBizLite?
Answer: Track your Sales & Purchases, at all times, Raise Invoices/Bills and control your operations well. It maintains proper Books of Accounts and all Ledgers. You can find out Company's Profitability at any time. Get your VAT Returns done up quickly.

Thanks for reading the newsletter. Please do write to us at info@SysnetIndia.com, with your queries. We'll return with much more soon, in the next NewsLetter. Cheers!
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