Blog - Page 33

Why Tally is different than other ERP Systems?

What is an ERP system? ---------------------- Businesses utilize enterprise resource planning (ERP) software to organize and control the crucial parts of their operations. Numerous ERP software programs are essential to businesses because they enable resource planning by integrating all the operations required to manage their operations into a single system. Organizations use ERP, a category of software, to control routine company processes like accounting, purchasing, project management, risk management, compliance, and supply chain management. ERP makes it possible for all corporate processes connected and controlled properly, enabling efficient business administration. A company, for instance, has a variety of departments. These systems use different operating systems, but they are connected by [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php), which also gives business owners crucial information for efficiently managing their operations. By connecting network software components ERP permits the flow of data into a central database. It is not merely a single software solution. For precisely this reason, a robust ERP solution enables integrations with a wide range of devices and other programs. What is Tally ERP? ------------------ Tally is an ERP accounting software used to capture a company’s daily business data. TallyPrime’s goal has always been to provide its users with the most recent and cutting-edge software that helps to improve their experience while systematizing a variety of activities, including accounting, inventory, compliance, etc. With this goal in mind, [Tally Prime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) has released TallyPrime, a novel, superior, and also an intelligent version of Tally. ERP 9. This innovative design compromises an excellent user experience and also includes numerous novel features. Tally is accounting software that aids in the reporting, storing, and also analyzing of financial data for businesses. Whether it is a hundred transactions or thousands of transactions, accounting software makes it easy to record and generate relevant information from that data thanks to its automation capability. Manual errors are eliminated, and also accounting becomes more efficient, quicker, and simpler. Since all transactions and financial data are maintained electronically and take up no physical space, this lowers corporate costs, reduces errors, and saves a significant amount of time. [Accounting software](https://www.penieltech.com) makes it possible to quickly access financial data when needed and gives you access to comprehensive reports that help you make wise financial decisions. Features of TallyPrime ERP -------------------------- Moreover, You can manage accounting, invoicing, inventory, payroll, taxes, etc. with the help of TallyPrime. Accounting and Invoicing ------------------------ No matter how large your business is or what sector it serves, TallyPrime makes accounting and also finance easy. Tally prime helps to create professional-looking invoices with configurable choices. Additionally, With tally prime you can manage your purchases and sales Inventory management -------------------- The management of inventories is another crucial aspect of tallyPrime. You can effectively monitor your products at one or more places and daily monitor your inventory level. Stock movement tracking, forecasting, controlling, and also optimization can be simple procedures. You can group and also categorize numerous things to better arrange product lines. Additionally, you can record the entire manufacturing process in your production diary. Taxation - ---------- Moreover, TallyPrime is VAT enables software With its 201 VAT Report Facility. The extraordinary scalability of Tally UAE’s VAT system allows it tailored to match your particular business demands. [Tally UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) VAT inputs the required adjustments. An excess input tax credit that remains after the input’s VAT liability is eliminated - VAT You may rest easy knowing that the returns you file are always accurate since the prevention, detection, and correction procedure makes sure your books are always accurate. Payroll management ------------------ Another significant feature of TallyPrime software is payroll administration. Moreover, Employees are categorized according to the employee position, department, and location. Additionally, You can view any exceptions and resolve them as well. To take paid time off, unpaid time off, and also sick leave into consideration, you can create several attendance categories. Let’s take a closer look at this blog’s major topic: the difference between Tally and ERP software. --------------------------------------------------------------------------------------------------- **ERP Software** **Tally ERP 9** ERP software is a comprehensive software solution made up of modules that interface with various corporate operations. ERP includes **accounting** as one of its features. Other modules including operations, CRM, procurement, manufacturing, human resource management, and production are included in ERP. An ERP is typically provided as a tailored solution that integrates many business-related systems. TallyPrime software is a separate software program that focuses mainly on a business’s accounting needs. It provides in-depth features that address the financial aspect of any organization. Although it is necessary to handle the business’s financial operations, it does not interact with the rest of the processes in the same manner that an ERP often does. Moreover, ERP software offers useful insights into a company’s overall performance rather than just one specific area. For instance, ERP software tells you more than just how effective supply chain operations are run. It describes where issues arise across the entire company and where operations are going well. ERP software has a wider scope and offers a detailed perspective. The TallyPrime software provides comprehensive data on the company’s financial situation. Although significant, this is not an ERP’s full scope. Using accounting software, you can better comprehend your company’s current financial status. It enables you to comprehend your company’s financial health in great detail. Because all employees utilize ERP software to share information across departments, it improves collaboration between staff members in various areas. This can promote more departmental transparency and foster a culture of trust within the company. The fact that everyone is building on the same basis means that the user adoption rate is probably higher. TallyPrime software aids in enhancing communication between stakeholders and those in charge of the business’s finances. A snapshot of the business’s overall financial health provided by accounting software can assist stakeholders in making decisions that will reduce costs and increase income. ERP is the web-based application Tally is not web-based. ERP can integrate with various third-party application Integration capability is limited Additionally, ERP is Costly in terms of price and cheaper in terms of price they are suitable for advanced medium and large companies. Suitable for a startup, medium, and large companies. Process large amounts of data without any difficulty. It can handle a small amount of data Higher reporting capability limited reporting capability

Tally Solution

AdminMon Apr 21 2025

Customer Relationship Management

Does your E-Commerce store really need CRM support?

Let’s discuss the eCommerce CRM ------------------------------- CRM systems are tools (such as software or add-ons) that aid in locating sales chances by utilizing crucial data about your target market. E-commerce customer relationship management (CRM) software is used to handle communications between your business and past, current, and potential clients. Keeping a positive relationship with your clients is essential if you manage an online store. After all, your clients will ultimately determine if you can stay in the market or not. Data is obtained from anywhere. But you need a technology that makes it simple to get that information to use in regular communication. It is a database that compiles and arranges all customer-related data in one location. It enables you to transform unstructured data into logical information that can then be used for a variety of purposes. Such as developing tailored marketing campaigns, enhancing customer support, and identifying future customers. Centralized data ---------------- When you first start selling online, you could use a variety of platforms and methods for promotion. You presumably also use a few marketing tools to be able to do this. While making sales, each tool’s data about your customers and their orders are kept in separate silos. You must move from platform to platform to gather data because there is no central repository for it. The main advantage of employing a CRM platform for your eCommerce firm is the ability to store all of your necessary records in one location. This is crucial as you develop your organization and diversify your client acquisition strategy. Since effective [CRM software](https://www.penieltech.com/crm-software.php) allows you to synchronize all your data and information across various marketing and sales channels. Every time you finish a data-driven job, you won’t need to update and sync the data manually. An eCommerce CRM makes it possible to do anything from segmenting your client base to calculating the return on investment from each marketing. And sales channel, getting insights for new product releases, enhancing customer service, and more. Customize your marketing approach. ---------------------------------- A recent study found that consumers will stick with a brand if they believe the messages they are receiving are relevant to their wants and expectations. You can benefit your clients by, for instance, sending them emails where you include their names and suggest things based on their past purchases. The ideal way to gather information about your customers and prior transactions is to integrate an eCommerce [CRM system](https://www.penieltech.com/crm-software.php) with your e-commerce platform. A CRM will also reveal more information about how your consumers wish to be contacted about new offerings. Furthermore, you require any further information on your customers when you begin designing your marketing approach. For instance, you’ll need to learn more about the region, ideal price range, or demographics. These data are all kept in CRM. As a result, you will have access to information around-the-clock, be able to tailor your marketing plan to various client demographics, and increase your response rate. You can access all of your order and customer data in one location with an eCommerce CRM platform. Customer support ----------------- Even if you offer the best products, buyers won’t choose you if your customer service is subpar. They’d prefer to buy from one of your rivals. A positive customer experience stems from giving out proactive communication, such as order status updates, delivery delays, or even information that enables customers to use their buy more effectively. You may centralize all of your support channel chats on one platform with the use of eCommerce CRM technology. This makes it simpler for you to stay on top of ongoing discussions, both favorable and unfavorable, and to guarantee a quick reaction. Furthermore, having quick access to a customer’s data, such as their purchase history and questions or complaints, can help you solve problems more quickly. Recognize performance analytics ------------------------------- Even with the best products, offers, and discounts in your store, you risk missing out on possibilities and using up your resources. If you don’t keep an eye on the results of your marketing, service, and support, and sales activities. Using a CRM solution to deliver detailed statistics and graphs of significant data, such as website views, product page visitors, orders, customers, incoming customer inquiries, and much more, enables making better decisions and allocating resources. Business Growth --------------- Every business owner hopes to grow their company eventually. It can be challenging to think about expansion when your plate is already full of other business endeavors and the collection and analysis of client data. The time savings provided by Ecommerce CRM is among its most significant benefits. You will always easily access useful information about your current and potential consumers. This translates into higher production, which inevitably results in higher revenue. Additionally, business expansion isn’t overly difficult to achieve when you allocate your resources wisely. Ecommerce CRM improves your brand’s market position and assists you in keeping your commitments to customers. Additionally, choosing which field you want to expand into and the actions you need to take to be successful will be quite simple. If you are aware of exactly what your clients are expecting from you. Why does Elate CRM Software be the best solution for business? -------------------------------------------------------------- Statistics and Dashboard interface - ------------------------------------ Your sales agents and receptionists will be able to complete their tasks more quickly and hit the sales targets set for them with the help of the CRM Interface. Which presents all crucial statistics and dashboards in an easily understandable manner at a glance**.** Records of clients – -------------------- Keep an organized record of all of your current and potential customers with the aid of this [CRM software in Dubai](https://www.penieltech.com/crm-software.php). Additionally, you encouraged me to contact them through social media, calls, messages, and emails. Lead management – ----------------- The lead section has to be updated with all of the leads that the sales representatives have generated. This allows you to keep track of every possible consumer and their pertinent data. You can use this section to fill in information about interesting products. The price they wish to pay, and the adjustments they require. You can also assign the leads to the appropriate sales representatives or members of the support team for additional follow-up and discussion. Opportunity management – ------------------------ The marketing team’s produced leads can be qualified and advanced to the opportunity stage. You are now eliminating potential customers and the deals they are considering. Thus, the sales team can communicate with customers directly and provide them with product estimates. Make a Better Proposal ---------------------- Obtain automatically generated, expertly designed company proposals and invoices. You may rapidly check the different prices and discounts that are provided to different customers. Users can put the payment terms, expiration date, delivery terms, and other selling details here. Users can additionally specify the transaction’s currency and VAT values etc. The hassle of creating a distinctive invoice for each client is reduced by using our quotation and invoice generator to produce a ready-made pdf file that is emailed to the client immediately. Invoice and report templates that feature your company’s logo, colors, and trademark signatures made by us and then tailored to your company’s requirements. Customize software ------------------ Elate CRM is the customizable software we give you the option to customize the system and add custom fields. Users can now more rapidly set up workflows and approvals, which are normally difficult processes, as needed.

AdminSat Apr 19 2025

Accounting Softwares

Tips to prepare small businesses for financing

What is small business financing? --------------------------------- Small businesses financing refers to the methods used by aspiring or established business owners to raise funds to launch a new small business, buy an existing small business, or invest in a small firm that already exists to support ongoing or upcoming business activities. It’s no secret that securing finance may be challenging for small businesses. Therefore, be careful to ask yourself: **How can I maximize my chances of gaining credit approval?** before approaching lenders. To increase your grant request’s chances of approval, follow these tips ----------------------------------------------------------------------- ### Show that your company has a consistent flow of cash Cash is still king and a crucial indicator of the health and prospects of a company. You can assure potential lenders that you have enough money to pay creditors, employees, and others on schedule by being able to show that you have a sufficient and/or continuous cash flow. Be specific and demonstrate to your financier what dependable cash flow you have coming in. Prepare financial documents such as bank statements and tax returns to demonstrate your understanding. These records give the financier a historical picture of the operation’s success and liquidity. When questioned about cash flow variations, explain why it decreased due to the recession or the loss of a client. The use of accounting software enhances cash flow. [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) is accounting software that makes it simple and efficient to shift stock, potentially enhancing cash flow. Additionally, having access to informative reports instantly can help you make sure-footed judgments and better plan the expansion of your company. ### Retain a manageable level of debt The quantity of debt shown on your balance sheet is known as your debt load. You must be able to show that you can manage both your existing debt obligations and the additional debt repayments that your proposed funding will require. Be prepared to show how taking on more debt will benefit your company if you want to expand it. Project the additional revenue generated from the extra liquidity. For the financier, a crucial piece of information is how the loan funds will be used. ### Maintain a good payment record Moreover, The history of payments made by a company is one of the most crucial aspects that every financier considers. A financier wants proof that a company has a history of timely loan repayment. It’s possible that a financier ordered a credit report on your company from a third party. To ensure the report is correct, request to see it. The report might not mention your important business partners and other lenders who may attest to your reliable payment history and serve as strong references. Provide these references as evidence, and make sure to include the contact details of the individual you work with at your bank, supplier, etc. You can now manage payment schedules and receive payments more quickly with the help of quick and easy accounting tools. ### Show your business judgment Lenders in the future want to know that you have a strategy in place to deal with any obstacles that might arise. Lenders are also curious to check if you have the management in place to go beyond any challenges that may stand in your way. Have a business strategy that you can present to financiers, if at all possible. The business plan should include a projection for your company’s performance with at least two scenarios: how you anticipate your company will fare without finance and how it will fare with it. ### All you can do is use accounting software for financial management #### TallyPrime TallyPrime is [accounting software](https://www.penieltech.com/) that supports VAT and aids in managing your finances by maintaining your balance sheet and tax return. Tally is accounting software that helps companies report, store, and analyze their financial data. Accounting software, with its automated capacity, makes it simple to capture and generate pertinent information from data, whether there are a hundred or thousands of transactions. The elimination of manual errors speeds up, streamlines, and improves accounting. As all the information is in one place, there are fewer business expenses, fewer errors, and more time saved. Accounting software enables quick access to financial data when required and provides access to in-depth reports that aid in financial decision-making. TallyPrime assists with accounting as well as payroll management, invoicing, and [inventory management](https://www.penieltech.com/inventory-management-software.php). TallyPrime is distributed by Penieltech in the UAE. With extensive experience implementing business solutions inside the Tally framework, Peniel Technology is a well-known company serving clients worldwide. By bringing a superior grasp of the business processes to the table, we significantly increase the productivity of our customers’ businesses with the aid of Tally Software, UAE. Penieltech has two subscription options TallyPrime Gold and Silver. #### TallyPrime Gold With Tally Prime Gold, you may connect an unlimited number of PCs to a local area network. The only difference between the Gold and Silver editions in terms of features and functionality is the ability for multiple users to operate simultaneously. Tally Prime Gold has new features that provide data security, remote access, and on-demand data synchronization. And also flexibility to match your business procedures. #### TallyPrime silver One user is intended for Tally Prime Silver. This edition includes Tally.NET and services like remote access in addition to all the features and capabilities. Except for running on a single system at a time, both versions are identical in terms of features and functionalities. In addition to subscription services, Penieltech offers highly customizable software that is simple to adapt to your company’s needs. ### QuickBooks QuickBooks is an additional piece of accounting software. It is a powerful accounting tool for startups and growing businesses. One of the top accounting and bookkeeping applications, [QuickBooks](https://www.penieltech.com/quickbooks.html), is favored by many businesses. Using QuickBooks, the accounting and bookkeeping process is simple and real-time. It is a versatile piece of software that might satisfy your needs in terms of accounting. This can be time-consuming and frustrating, especially if you have a busy schedule and a lot of data to enter. This program is used by thousands of professionals, including small business owners, independent bookkeepers, and huge enterprises. Its main targets are small and medium-sized businesses, as well as independent contractors. Additionally, QuickBooks is available internationally and has offices all over the world. ### ERP Accounting software Last but not least software for accounting is ERP. Along with other tools, ERP offers accounting software in Dubai for small businesses. This software makes bookkeeping simple. ERP financial software accounting dashboards provide a quick view of all key performance indicators. With the help of customizable accounting dimensions and dashboards, you can now analyze every aspect of your growing business in one place. Additionally, [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) offers Billing and invoicing, journals, payments, multi-currency invoicing, banking, and customization features.

AdminSat Apr 19 2025

ERP Application

Top 10 ERP Companies in Dubai

What is ERP? ------------ Enterprise resource planning (ERP) is a platform used by businesses to coordinate and manage the key elements of their operations. Numerous ERP software programs are essential to businesses because they enable resource planning by integrating all the operations required to manage their operations into a single system. ERP systems integrate all aspects of business management, such as * Planning. * Inventory or materials management. * Engineering * Order processing * Manufacturing * Accounting and finance * Human resources Let’s discuss the benefits of ERP --------------------------------- ### Efficiency Increasing efficiency is the main objective of putting ERP software into practice. With ERP, manual data entry is greatly reduced, and also repetitive tasks are eliminated. ### Productivity Moreover, [ERP software](https://www.penieltech.com/erp-software-uae-dubai.php) will save you time by improving productivity. Due to the automation of redundant processes, individuals will have more time to work on other important projects. As a result of the solution’s simplicity, they will also be able to work more efficiently. ### Information Integration - The most significant advantage is the promotion of integration. It does so because it can update data between related business functions and components. Moreover, the people involved in a project work together to improve productivity. ### Collaboration - Another major advantage of using an Enterprise resource planning system is collaboration. Collaboration between departments is critical to a manufacturing operation because it provides much more comprehensive visibility. Since [ERP systems](https://www.penieltech.com/erp-software-uae-dubai.php) use centralized and consistent data, departments can collaborate easily. ### Scalability - A structured Enterprise Resource Planning solution can gradually add new users and features. When a company is ready to expand and continue to build, enterprise resource planning software will help. Let’s have look at the top ERP Companies in Dubai ------------------------------------------------- ### Penieltech (Elate ERP) Penieltech is the provider of the Elate ERP in Dubai. We offer incredibly flexible and also integrable software. Any other third-party app is simple to integrate with our Elate ERP software. You can acquire your bespoke software thanks to our customizable feature. We offer ERP for manufacturing, HR and payroll, real estate, accounting, distribution, healthcare, education, hospitality, non-profit, and other industries. We offer a solution that is simple to operate. It doesn’t require much training to deploy and begin utilizing. Offering a variety of ERP service support options is Peniel Technology. The support team is on standby to answer any questions you may have. In addition to the free setup, we also offer free ERP training. You can schedule a demo with our specialists for the trial. ### Oracle ERP In Dubai, Oracle is a well-known provider of solutions. Oracle doesn’t offer many customization choices in its software because they mainly concentrate on product-based solutions. With its emphasis on large industrial enterprises, it properly supports their management. Some Oracle functions include inventory and supply chain management, enterprise performance management, revenue recognition, accounting, order administration, compliance and governance, product lifecycle management, and financial close. ### Sage The ideal piece of software for small and medium-sized organizations is Sage 100 ERP. It is employed for resource management and aids in inventory management. The software immediately provides manufacturing and inventory management. Distribution, accounting, manufacturing, customer relationship management, human resources, business intelligence, project management, and time management are just a few of the many modules of the program that handle the various facets of ERP’s. Additionally, it gives users the option to construct financial statements and offers a wide variety of established templates from which to pick. Additionally, the solution gives users access to the Sage 100 ERP cloud. ### ERPNext [ERPNext UAE](https://www.penieltech.com/erpnext-dealer-in-dubai.php) is an easy, powerful, and complete solution that is affordable and easy to use. It can be hosted on their servers or self-hosted by the user or even on mobile using the mobile app. It can be hosted on Cloud or Premise. Also, it’s trusted by happy users in 150+ Countries. It supports over 30 languages and is a large ERP system that assists organizations to manage all kinds of business workflow with no trouble and effectively. **ERPNext** is trusted by happy Users in 150+ Countries. Among its many business verticals, ERPNext provides solutions for Manufacturing, Distribution, Retail, Services, Education, Health Care, Non-Profit, Agriculture, Hospitality, and more. It **supports small and also medium-sized businesses** across the world. ERPNext Dubai is ideal for budding Companies. ### BitsSoft ERP Since it began deploying Bits Soft ERP in the GCC 18 years ago, the company Beam IT Solution has a stellar track record of success. Organizations have become more adaptable, scalable, and agile thanks to Bits Soft ERP. If you’re looking for the best ERP software that supports VAT for your business, BitsSoft ERP should be at the top of your list. Finance, trade, contracts, HRMS, manufacturing, CRM, and also real estate are just a few of its modules. ### SAP ERP The complete business resource solution is SAP ERP. All of the necessary modules for a business’s operation are provided by the program. Product lifecycle, supply chain, finance, human resource, and customer relationship management are all included in one piece of software. It is possible to implement SAP ERP on a computer, in the cloud, or a hybrid environment depending on the situation. It is coupled with various other programs to provide effective outcomes. You can easily manage your entire organization with the aid of SAP ERP. Regardless of the size of the firm, it is ideal and very scalable. It changed to accommodate your growth. ### Marg ERP9+ One of the most popular ERP systems in Dubai is Marg ERP9+. All of the capabilities required for effective resource management in a firm are present in the program. For small, medium-sized, and large-scale businesses, it is ideal. Retailers, producers, distributors, and other types of companies can choose from a wide assortment of modules. For easier access, it also offers consumers an Android app. Some of the components you’ll discover in Marg ERP9+ include order management, touch POS, connectivity with eCommerce platforms, barcode scanning, and sales force automation. ### Brainshere ERP Software One of the most well-known providers of software solutions in the Middle East is Brainsphere IT solutions. More than 500 firms in the Middle East have benefited from The Brainsphere’s services, and they have made a positive impression on their customers. Regardless of the size of the firm, Brainsphere is a great alternative. It is quite flexible and altered to fit changing business needs. It increases operating efficiency, boosts customer happiness, keeps track of customers, and assists with follow-up when necessary. Inventory management is extremely careful. All firms have access to the consolidated framework for improved administration. **_Contact Us for more ERP Solutions: [www.penieltech.com](https://www.penieltech.com/contact.php)_** **Note**: All Above are not Ranking of any vendor, they are just discussed according to the features and all.

AdminMon Apr 21 2025

Information Technology

10 Essential Cyber Security Concepts You Should Know

What is Cyber Security? ----------------------- Cyber Security is the defense against cyber threats to systems connected to the internet, including their hardware, software, and also data. This method is used by both individuals and companies to stop unauthorized access to data centers and other digital systems. What makes cybersecurity crucial? --------------------------------- The importance of cybersecurity is only going to increase as there are more people, devices, and programs in the modern company, along with an influx of more data, most of it sensitive or confidential. Cyberattackers and attack methodologies are becoming more sophisticated and numerous, making it even more difficult to defend against them. It’s crucial for corporate executives to keep abreast of new terminology and ideas in information security. Cybercriminals are utilizing network flaws, complex application stacks, and inadequate monitoring as the remote business sector expands and endpoints become more dispersed. Here are the top ten security ideas you should know about to deal with these evolving dangers. Because the more information you have, the better equipped you’ll be to decide what security measures to take for your company. What advantages does cybersecurity offer? ----------------------------------------- The advantages of putting cybersecurity procedures into place and sustaining them include: * Protection for businesses from cyberattacks and data breaches. * Network and data protection. * Preventing access by unauthorized users. * Quicker recovery from a breach. * End-user and endpoint device security. * Regulation observance. * Company continuity * Increased trust from stakeholders, customers, partners, developers, and also workers in the company’s reputation. Here Are The Top 10 Terms Used in Security Operations: ------------------------------------------------------ ### Let’s discuss the Basic Concepts of Information Security ### **MSSP (Managed Security Service Provider) -** It is a particular type of Managed Service Provider that offers security service management, monitoring, and upkeep on a 24/7 basis, often for a fixed monthly fee. Additionally, Monitoring [firewalls](https://www.penieltech.com/fortinet-distributor-uae.html), endpoint detection, and other cybersecurity technologies are a few instances of this. ### APT (Advanced Persistent Threat) It refers to an intruder’s capacity to remain present in the network continually. The aim of a hacker is normally to remain hidden within the network for as long as feasible. They do this to purchase time to gather information about clients, employees, intellectual property, and also about financial data. ### DDoS (Distributed Denial of Service) An IP address or source floods an online service with traffic, making it unusable. As a deterrent, hackers use DDoS to disrupt business operations until they satisfy a condition, whether it is monetary or otherwise. ### IOC (Indicator of Compromise) Any information pointing to a network intrusion. Normally, these are found through continuing log data analysis. Additionally, unusual outgoing traffic, geographical anomalies, traffic from mismatched ports, and aberrant privileged user activity are examples of common IOCs. ### SOC (Security Operations Center) According to Cybersecurity experts, threat and incident response procedures, and auxiliary security technologies make a security operations center. While many smaller organizations outsource their SOC, larger corporations often have one in-house as well. ### CASB (Cloud Access Security Brokers) These are agreements on policy between users and providers of [cloud services](https://www.penieltech.com). In addition to this authentication, single sign-on, authorization, credential mapping, device profiling, encryption, tokenization, logging, alerting, and malware detection/prevention are examples of enforcement techniques frequently mentioned and extensively discussed in plans. ### IAM (Identify Access Management) Regulatory framework for the control of users’ electronic identities. This is done in order to guarantee that each user has access at the right level for their IT infrastructure. ### IR (Incident Response) Incident response (IR) is the measures used to formulate for, detect, contain, and recover from a data breach. What is an Incident Response Plan? An incident response plan is a document that sketches an organization’s procedures, steps, and also accountabilities of its incident response program. This is done to lessen cybersecurity assaults, malware intrusions, and data breaches. ### SIEM (Security Information and Event Management) Security information and event management (SIEM) is a technology that aggregates and also analyzes activity from many different resources across your entire IT infrastructure. A SIEM solution can build up your cyber security posture by giving you full, real-time visibility across your entire disrupted environment — whether on-premises, hybrid or cloud — as well as providing historical analysis. SIEM solutions can also help you to escalate overall organizational resilience across a various array of tools and technologies. ### UEBA (User and Entity Behavior Analytics) This does an in-depth examination of user behavior to spot outliers. This reduces noise during log sessions and aids in understanding user behavior. Aside from these 10 concepts, there are other best practices for cybersecurity ------------------------------------------------------------------------------ Cyber security best practices include things like using caution when engaging in online activities, according to organizational standards and seeking help if you see something unusual. An in-depth examination of the cybersecurity best practices for businesses that each employee should be aware of and follow are given below. Defend your data ---------------- You probably avoid disclosing personal information like your Social Security number or credit card number when replying to an unwelcome email, phone call, text message, or instant message. It’s important to exercise the same caution at work. Remember that scammers can create websites and email accounts that look legitimate. Con artists are capable of forging caller ID data. Hackers can even take control of business social media accounts, posting messages that appear to be from the organization. Although it may seem obvious, it is crucial to protect the data, sensitive information, and intellectual property of your business. Sharing a picture with a computer screen or whiteboard in the background could give away confidential information to someone who is not an organization employee. Be cautious of the intellectual property of other businesses in the same manner. Even if you unintentionally disclose or use the intellectual property or trade secrets of another company, you and your business could run into trouble. You can do a lot to protect your employees, clients, and corporate data by developing and distributing company policies on subjects including how to properly dispose of outdated data and how to report suspicious emails or ransomware. Safe Wifi --------- The wireless networks in offices must constantly be secured, encrypted, and untraceable. You can utilize a virtual private network provided by your company to keep your data secure when working from home. A virtual private network (VPN) is essential when working from home or while traveling for business. Using a public Wi-Fi network puts your data in danger of being hacked. Keep in mind that certain VPNs are more secure than others. If your firm has a VPN, make sure you understand how to use it and connect to it. If you use public WiFi, you can protect your personal information by using Secure VPN software. Invest in Security Systems: --------------------------- For smaller organizations, purchasing a high-quality security system can be prohibitively expensive. This includes safeguards like [**antiviru**s](https://www.penieltech.com/hardware-and-networking.html) and **[malware detection software](https://www.penieltech.com/it-services-and-it-support-in-dubai-uae-abu-dhabi.html),** external hard drives for data backup, and regular system scans. Employees and businesses may save money and time by investing now rather than waiting until something goes wrong. Every device you use, both personally and professionally, should have security software installed. Despite the value of safeguarding your company’s data, if you see anything suspicious you should get in touch with your IT department or information security manager. The business could need to repair or fix the system if it has an issue. A problem should be notified as soon as possible. In Dubai, Peniel Technology is a top provider of [IT support](https://www.penieltech.com/it-services-and-it-support-in-dubai-uae-abu-dhabi.html) and also a provider of Cybersecurity systems & services. Additionally, we offer the top [IT solution and services](https://www.penieltech.com/it-services-and-it-support-in-dubai-uae-abu-dhabi.html) required to keep your business running properly. **Our IT** **Products &** **service****s** **include** * Anti-Virus. * Firewall Setup &Configuration. * VPN Setup & Configuration * Remote Access Setup * Laptop repairing. * MS Office Products. * Printer & Cartridge refilling. * Hardware & AMCs. * Training & Supports * IP Phones * Barcode System & Thermal Printers etc.

AdminSat Apr 19 2025

Property Management

5 Best Property Management Software for Small Landlords

It’s all too easy for things to get overlooked when you own rental property and its management. Minor mistakes like forgetting to schedule a repair or failing to make a rent payment can result in disgruntled renters and greater vacancy rates, which diminish cash flow and underperform the property. What is property management software? ------------------------------------- [Property management software](https://www.penieltech.com/property-management-and-real-estate-software.php) helps landlords and real estate agents keep track of leases, maintenance jobs, and tenants’ payments of rent and other obligations. Both residential and commercial property management can be handled by it. Here are a few property management software ------------------------------------------- 1\. Elate TMS/PMS ----------------- With more than a decade of real estate firm expertise and thousands of happy clients, Elate TMS is one of the market-leading property management software in the UAE and is a tried-and-true solution for large, small, and medium-sized real estate enterprises in Dubai. It offers a dashboard function that lets you see how much space is utilized and also available. By using the check-in and check-out options, you can keep track of tenant check-ins and check-outs while also reminding yourself of any contracts that are about to expire. You may enter expenses using our program and generate reports for each unit, building, and renter. Elate TMS is easy-to-use and also highly scalable software. Our [tenant management system Dubai](https://www.penieltech.com/property-management-and-real-estate-software.php) is a powerful application that enables property agencies and agents to expand their business swiftly through hunting and handling perfect clients. Our real estate software is purposefully created to market, systematize, and manage business processes flawlessly involved in the real estate industry. It is extensive software that can commendably support your business and intend cost-effective solutions. There is no need for pricey training because tenant management software in the UAE is simple to understand. The tool is adaptable enough to meet all the current needs of property owners or landlords. Our experts will address your issue and also guide you through the procedure. In addition to this send us an email, use the chat feature, or phone us at your convenience using the support number. We pledge to uphold global standards and provide comprehensive technical assistance throughout the issue to help you with your problems whenever they arise. ### Features 1. Great Dashboard 2. Reminder to remind the expiring contract 3. Expense entry 4. Check in and check out the details of the tenant 5. Report. 6. Quick Search Option etc. 2\. Avail --------- Software options for the do-it-yourself landlord are provided by Avail. Additionally, To assist the small investor in becoming a competent and confident landlord, the organization provides a full suite of tools and educational materials. The landlord software from Avail has two pricing tiers. In addition to online rent payments, maintenance tracking, tenant screening, background checks, state-specific leases, and syndicated job ads, the Unlimited Plan covers an unlimited number of rental units. ### Features 1. Online rent payments 2. Work order management 3. Tenant screening 4. Automatic listings 3\. TenantCloud --------------- For new owners, managers, and landlords with ranging from one to 500 units under control, TenantCloud is a good fit. Additionally, the business provides a free end-to-end property management platform with all-in-one features in a free Basic Plan, which includes maintaining a record of rental information, sending and receiving rent payments, and managing maintenance. ### Features: 1. Online rent payments 2. Work order management 3. Vendor payments 4\. SimplifyEM -------------- If you’re primarily searching for an accounting application for managing your properties, SimplifyEM is a great choice. With some special features like payment reminders, SimplifyEM mostly facilitates tracking and also collecting rent. Unlike other property management software programs, their free trial version of the software allows you to use the entire program for a short period of time without entering any sensitive data. SimplifyEm, created by real estate experts, is the best option for landlords who need assistance managing a few properties but don’t want to pay the exorbitant cost of other software solutions. It strikes the optimal mix between price and also features. Each package comes with email and phone support, tracking of expenses and income, reports on tenant lease management and also renters insurance etc With SimplifyEm, landlords can manage their rental properties quickly and easily while also saving time and money. Additionally, It enables users to keep tabs on their earnings and outgoings, collect rent and rental application information online, screen potential tenants, produce and review owner reports, keep track of maintenance requests, save documents, and automate repetitive chores. Due to its cloud-based nature, you can start using it right away. ### Features 1. Robust accounting features 2. QuickBooks integration 3. Reminders 4. Automated rent payments 5\. **Yardi Breeze** -------------------- With only a few web clicks, customers can manage their homes, tenants, and also finances. However, Yardi Breeze stands out due to its special function that enables users to capture images immediately from a smart device and add them to a maintenance request made on an internet platform. Previous users claim that the system is easy to comprehend. Still, even those who have trouble setting it up can get help from Yardi Breeze for free training and customer assistance to get their account set up and become familiar with the program. Features -------- * Online rent collecting, * rental applications, * templates and addendums, * maintenance requests, * automated marketing, * activity calendars with tasks, * renters insurance, * tenant communication options, * workflow sheets **Note**: Reference: Google.com, products are not listed according to ranking or number, they are just discussed with features.

AdminSat Apr 19 2025

Accounting Softwares

5 Differences Between Point of Sale Software and Accounting Software

Every company must keep track of its revenues and expenses. It is to ensure that the company’s expansion, well-being, and financial stability properly benefit all stakeholders. Accounting software and point-of-sale (POS) systems are two of the most important financial management tools. In a restaurant or retail setting, a POS system keeps track of sales and items. An accounting program tracks bank account information, including deposits, withdrawals, interest earned and paid, and loans provided. Let’s discuss the Point of Sale system -------------------------------------- The point of sale is called the POS. It is the location of your company’s sales. A POS system enables business owners to track all sales and accept client payments. Their setup is determined by the needs of the business owners. It could be a physical store, an internet business, or even both. The cash registers in the store employ the Point of Sale (POS) system. The POS system serves as the entirety of the digital procedure in the current situation. You may examine your customers and traffic even when you are not at work. Just the correct POS system app, a device, and an internet connection are required. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_40" ).setAttribute( "value", ( new Date() ).getTime() ); Let’s discuss the Accounting software ------------------------------------- Accounting software allows you to manage all of your company’s bookkeeping and accounting tasks from a single app or program. The accounting program allows you to save and access your company’s accounting, financial information, and transactions. You may manage accounts payable, accounts receivable, invoicing, billing, estimating, balance sheet, trial balance, other transactions, financial reporting, [payroll](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php), bookkeeping, and everything else you have to do with accounting and bookkeeping with the help of accounting software. Point of Sale VS Accounting software ------------------------------------ Business management software, such as accounting software, and point of sale systems have some similarities and both are used in different markets by different companies, according to their needs. The Point of Sales (POS) system will typically and best serve B2C businesses. Businesses and retail establishments can successfully manage walk-in consumers by using a POS system. They primarily sell things directly to customers and run brick-and-mortar businesses. This does not imply that B2B uses POS systems less frequently than B2C or vice versa; because users of the POS system include B2B companies. Additionally, Wholesale distribution organizations that need to operate with cash and have physical locations will use the POS system. The usage of accounting software by small and also large organizations are very essential. Accounting software controls and documents a company’s ongoing financial activities. ### 1\. Inventory management - POS systems can manage inventory more effectively with barcodes, but most accounting software does not support this feature. The POS’s inventory management module will oversee total visibility and also the accountability of all inventory processes at the store level at all times. From inventory transfers, store shortages, ordering and reordering, importing goods, price control, and more. ### 2\. Inventory management and VAT enable software- Most **POS systems** do not contain the reports and tools necessary to file the **VAT**. However, the assets are heavily utilized for the VAT filing process with the aid of [accounting software](https://www.penieltech.com/)**.** ### 3\. Expense management With the help of accounting software, you may create, maintain, adjust, and also stick to budgets. As you track your revenue over time, create a sufficient budget that is in line with your company’s objectives. Additionally, accounting software gives precise real-time data, easy budgeting procedures, thorough reporting, and lower costs. You can align your clients’ demands with an efficient budgeting tool or software, which also prevents overspending. However, the POS system does not provide expense management. also, the [POS system](https://www.penieltech.com/pos-software-system-machine-dubai-uae.html) can not track the profit and expenses. ### 4\. Accounting services and financial statements - Trial balancing accounts payable and receivable, general ledger balancing, journal entries, bank reconciliations, chart of accounts, and accounts payable and also receivable all can manage with the accounting software which is not possible with the single piece POS. ### 5\. Customer-facing Display Point of Sale The customer-facing display is the primary feature of POS, it is not possible with accounting software. A screen that confronts the consumer at the billing area displays information about the order quantity, the products requested, the total cost, and the type of delivery. Additionally, Customers have a tremendous deal of transparency in the transaction thanks to the screens that are in front of them. The POS software provided by **Peniel Technology**, Dubai, guarantees a quick and simple charging process with ongoing data synchronization. Leading retail businesses in Dubai adopted the best POS software in the world. Our products give standard functionalities in addition to being a very effective POS software UAE. Additionally, these functionalities will allow you to manage your store conveniently & successfully. The management of sales, purchases, inventories, dealers, staff, and also customers are among the essential capabilities. **Here are some core features of POS** * **Sales monitoring and reporting** * **Customization** * **Cloud Solutions** * **Employee management** * **Multiple payment methods**

AdminMon Dec 02 2024

HR and Payroll Software

4 steps to strengthen your employee compensation and benefits program

Every person wants to work for a company that values their job, appreciates the effort they put in, and offers appropriate incentives to encourage higher performance, employee compensation. To reassure employees that their labor is valued and help them overcome performance anxiety, you need to create a comprehensive employee benefits package. Let’s discuss what is employee benefits --------------------------------------- A benefit is an indirect, non-cash compensation provided to an employee. Employees receive these benefits in addition to their pay and compensation. Also known as fringe benefits, these are provided to encourage employees to stay with a company. Workers adore benefits. They seek thanks and acknowledgment for their efforts. Because of the perks and benefits a company offers, many employees apply to work there. Employee and job happiness are directly correlated. Ignoring employee happiness will inevitably lead to a decline in employee commitment. As a result, there will be a loss of drive, effectiveness, and ultimately production. Here are a few employee benefits and compensation ideas ------------------------------------------------------- Insurance Plans --------------- Plans for insurance benefits are excellent methods to let your staff members know you value them. The company makes particular financial contributions toward an employee’s medical expenses. These cover damages brought on by mishaps, disabilities, untimely deaths, and amputation. Dental exams, biometric screenings, and other procedures are examples of additional medical care. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_41" ).setAttribute( "value", ( new Date() ).getTime() ); Disability Insurance -------------------- If a worker becomes disabled or is unable to work, the employer covers the cost of the employee’s salary. Depending on the needs of the employee, a business may offer either short-term or long-term disability insurance. Long-term insurance covers a worker’s income for their whole working life, whereas short-term covers them for up to six months. Performance Bonus ----------------- Everyone loves receiving praise and wants to get recognized. Additionally, when you recognize people for their efforts and successes, they continue to work well. Giving them praise for their efforts inspires and encourages them to work harder to reach their objectives. Paid leave ---------- This is an advantage that allows an employee to receive payment while away from work. The provision of limitless vacation time is a development of this advantage. This is one of the most well-liked benefits among the employees of the many organizations that offer it. Additionally, employees often take about the same number of vacation days as they did in the past. Retirement Plans ---------------- Giving your full-time staff financial stability even after retirement is a fantastic employee benefit to include in your remuneration plan. These are carried out via a variety of strategies, including several retirement plans and pensions. Paid Sick Leaves ---------------- It’s crucial to take good care of your employee health. Having to work while sick directly affects employee productivity and efficiency. Therefore, establishing a policy allowing for paid sick time is a tremendous approach to demonstrate your concern for your employee’s well-being. Employee Training ----------------- Allowing outstanding workers to develop their capacity is another excellent strategy for keeping them on board. Give them the tools and funding they need to enroll in training programs. To improve the abilities of new hires, you can also do the same. Paying people to attend lectures and also conferences, using e-learning tools, and other strategies are some examples. Let’s have a look at the step for strengthening employee compensation and benefits ---------------------------------------------------------------------------------- ### 1\. Years of experience and degree of education Examine the existing criteria you use to determine pay, including experience, seniority, type of employment, and also geography. A candidate can expect to earn more money if they have more education and experience. If you want to attract candidates with master’s degrees or more than five years of experience, you must be prepared to pay accordingly. Location and, specifically, housing prices play an important role in determining remuneration, as well as the cost of living. This explains, at least in part, why wages for comparable positions in more rural places are typically lower than those in large urban centers. The rise in remote work has, however, led many businesses to switch from location-based remuneration to role-based compensation. Additionally, Investigate the current trends in your industry. ### 2\. Consider a competitive pay To stay competitive in the employment market, be aware of what your nearby competitors who operate in the same geographic area pay their employees. Maintaining low compensation rates may make you believe you are saving money, but it’s crucial to take into account the additional costs. For instance, many businesses fail to consider the expenses incurred by having open positions for protracted periods. Additionally, consider the strain an open position might place on your existing staff, which may be forced to take on additional tasks. Consider the impact that this can have on morale as well. ### 3\. Discuss with the employee Consult with your employee to learn what they anticipate from their pay and perks. Discuss the type of incentive or raise the employee would be eligible for if they achieve their goals, or fails to. Then over the year, check in frequently to discuss their performance. Through this approach, you will get a clear picture of the employee’s expectations for a raise and bonus in the upcoming year during that initial conversation. ### 4\. Monitor your compensation and benefit patterns regularly Conduct routine audits of your compensation and benefits trends to find and eliminate any unfairness or adverse practices. With the help of **Elate [HRMS Software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php),** you may manage it all in one place. Elate (Human Resource Management) is a powerful **HR software** in the **UAE** that improves your HR department by doing away with manual processes. It is HR and payroll software. It includes many features, including payroll, hiring, workflows, calendars, and employee management. The greatest HR software is offered by **[Peniel Technology](https://www.penieltech.com)** throughout the UAE, including Dubai and Abu Dubai. We offer other management software and HR payroll software in Dubai at the lowest prices available. Additionally, we offer small- and medium-sized firms in the UAE HR payroll software, HRMS, and other solutions for HR software. We provide solutions for [HR and payroll software](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.php) in Dubai, UAE. Additionally, Our HRMS is a highly customized software. **HRMS module contains** * Recruitment * Performance management * Promotion * Training * Transfer * Leave management * Travel and expense * Payroll

AdminMon Dec 02 2024

ERP Application

Why Choose Penieltech for ERPNext Implementation

What is ERPNext? ---------------- ERP Software is a simple, effective, and comprehensive solution that is accessible and inexpensive. It can be hosted on their servers, self-hosted by the user, or even accessed mobile via the mobile app. It could be hosted in the cloud or on-premise. ERP systems incorporate many facets of corporate management, including * Human Resource * Accounting and finance * Inventory or materials management. * Engineering * Order processing * Manufacturing * Hospitality and Healthcare The capacity to view what is occurring with the organization in real-time and as it is happening is the main advantage of an ERP system. Let’s Discuss some benefits and importance of ERP- -------------------------------------------------- Efficiency - ------------ Increasing efficiency is the main objective of putting ERP software into practice. With the use of ERP, manual data entry is greatly reduced, and repetitive tasks are eliminated. The software can also enhance corporate operations and make data collection for firms easier and more efficient, regardless of what department a person works in. Productivity - -------------- ERP software will increase productivity, which will save you time. People will have more time to work on other crucial initiatives due to the automation of superfluous operations. They will be able to operate more productively due to the simplicity of the solution. Information Intergration - -------------------------- The encouragement of integration is the biggest benefit. It can update data between connected business functions and components, which enables it to do this. Additionally, the connections between the individuals working on a project help to increase productivity. Collaboration - --------------- Another major advantage of using ERP software is collaboration. A manufacturing operation must emphasize departmental collaboration because it enables much wider-ranging visibility. Departments can readily communicate since ERP systems make use of consolidated and consistent data. Lead-Time Reduction - --------------------- The lead time is the period between placing and receiving an order. To shorten lead times, the organization should have an integrated inventory management system involving purchasing, and also production planning. Shipment on Time - ------------------ [ERP systems](https://www.penieltech.com/erp-software-uae-dubai.html) are created to assist your business in reducing errors, speeding up design procedures, and also shortening data transmission times. Cycle Time Reduction - ---------------------- Implementing changes in the production database automatically via an ECO, or Engineering Change Order is a feature of the enterprise resource planning system. It is the period between placing an order and receiving the product. There are two kinds of situations: make-to-order situations and also make-to-stock situations. Both scenarios allow for a reduction in cycle time, but the make-to-order scenario saves more time due to the ERP system’s integration with CAD/CAM systems. Cost Reduction - ---------------- Through the use of precise and up-to-date data, ERP software lowers administrative and operational costs. Additionally, Managers can make decisions much more quickly and effectively thanks to their ability to help manufacturers manage operations, reduce manufacturing delays, and segment information. Competition - ------------- While [ERP software](https://www.penieltech.com/erp-software-uae-dubai.html) is costly and a significant investment, not purchasing the software is more expensive. While some manufacturers are attempting to adhere to traditional methods, they have fallen behind the competition. ERP uses cutting-edge technology to greatly increase productivity and also manufacturing efficiency. Why is Penieltech ERPNext software the best to implement? --------------------------------------------------------- Penieltech is the best distributor and provider of ERPNext in the UAE. Businesses in the wholesale distribution, service, shipping, non-profit, agricultural, hotel, healthcare, educational, manufacturing, and also real estate sectors all make use of our ERPNext software. Why choose Penieltech for ERP or ERPNext? ----------------------------------------- ### Official partner - We are an **official partner** and **dealer** of ERPNext in UAE, Dubai & GCC Penieltech is the ERPNext implementation partner. You can access all the data about your company at your fingertips with [ERPNext UAE](https://www.penieltech.com/erpnext-dealer-in-dubai.php). You can go toward your business objectives without worrying about the digital aspect of documenting data and commercial activities. ### Dedicated team With a strong and committed team of the greatest software professionals and Python developers, we have been offering our clients robust, powerful, and affordable solutions. ### Incredible Customer service A variety of ERPNext service support options are provided by Peniel Technology. We pride ourselves on being the perfect fusion of technological expertise, first-rate customer service, and affordability. We immediately link you to the support team so that your questions are addressed as they come up. Our professionals will effectively address any of your questions about the ERPNext Software. We have locations across the UAE. We are offering ERPNext Software incredibly effective online and also on-site support. Our help is available at all times to customers around the Middle East. ### Simplicity of use We offer a solution that is simple to operate. It doesn’t require much training to deploy and begin utilizing. The availability of online manuals, videos, and reasonably priced remote/on-site training makes getting started economically easier. ### Customization At Peniel Technology, we offer customizable options to best meet your company requirements. We give you the option to customize the system and also add custom fields. Additionally, users can more simply build up workflows and approval processes, which are typically challenging operations. ### Easy to access Since the entire system is web-based, you may access your business data anytime and anywhere you like. ### Integration We provide an integrated software solution for your organization’s operations that helps you create a more effective business process and management system. We integrate third-party software as well as specialized hardware into ERPNext, such as desktop/handheld POS printers, POS terminals, POS cash boxes, POS billing terminals, electronic weighing machines, access control systems, and switching systems. ### Training Additionally, our knowledgeable and skilled team members provide a training program that guarantees users’ effective and successful usage of the system.

AdminMon Apr 21 2025

QuickBooks

Reasons Why Your Business Needs QuickBooks Add-Ons

What is QuickBooks? ------------------- QuickBooks is a flexible piece of software that may meet your accounting demands. When growing our business, we use all of the tools QuickBooks offers, but there are still a few tasks that it cannot handle on its own. This can be tedious and frustrating if you have a busy schedule and a lot of data to enter. However, a user may accomplish a lot with QuickBooks add-ons (which can be from a third-party provider or Intuit itself). The **Penieltech** offers a variety of QuickBooks add-ons that can assist you to get rid of some basic deficiencies of the box product. Also, Penieltech is the best **[QuickBooks Dealer](https://www.penieltech.com/quickbooks.html) in Abu Dhabi Dubai, UAE** In the UAE, **Penieltech** is the top QuickBooks supplier. The company is the top supplier of **customized** QB, **Quickbooks invoice software, Quickbooks custom invoices, and Quickbooks custom voucher printing.** Let’s discuss the reason why your business needs Quickbooks addins ------------------------------------------------------------------ ### Quickbooks Voucher printing Addins - You may easily print vouchers in QuickBooks using a connected program (**QB Addins**), which enables you to seamlessly synchronize the live data. Additionally, with QuickBooks custom-voucher printing you can easily modify it to fit the required format. You can add your company’s logo, the desired text field, and mostly the Amount in words. Following are the customized voucher types available in [Elate QB addins](https://www.penieltech.com/qb-addins-softwares.html). 1\. FTA Approved Tax Invoice format - ------------------------------------- You can create FTA-approved tax invoice formats with our Elate QB addins. According to your requirements, QB Addins can produce a [QuickBooks invoice template](https://www.penieltech.com/quickbooks-invoice-template-free-download.html) with a custom logo and also template. The invoice generated using the Quickbooks desktop application cannot have the amount printed in words or have a second column added. The FTA stipulates that every invoice must include a column showing the VAT amount and another column showing the VAT percentage. The QB Addins additionally includes the serial invoice number and the invoice issue date. It also includes columns for totals that include and exclude VAT. **Features missing from Quickbooks desktop –** * The line-wise calculation for UAE customer * Amount in word * Line-wise discount * FTA recommended invoice format. 2\. Receipt Voucher- -------------------- You can create a receipt with the customer’s name using the QB add-in receipt voucher. The cheque number, date, and bank are included in the QB Addins receipt voucher. Additionally, you can enter amounts in word that are not included in the [QuickBooks desktop](https://www.penieltech.com/quickbooks-desktop.html). This QB addins allows you to create automatic voucher numbering. Depending on the version you’re using, QB addins can be used by a single user or a group of users. You can design a unique voucher template with your company’s name, logo, and address on it. **Features missing from QB Desktop –** * Auto voucher numbering * Amount in word conversion * Customized receipt voucher with company logo and address. 3\. Journal voucher – --------------------- By including the account number, account name, customer’s name, debited amount, and credited amount, you can produce a personalized journal voucher. A single voucher may contain the total number of accounts, the account number, and the client’s serial number. You can create a personalized voucher utilizing your company’s logo, name, and address with QB addins. The total amount that has been debited and credited is also listed in a column. **Features missing from QB Desktop –** * Auto voucher numbering * Amount in word conversion * Customized journal voucher with company logo and address. 4\. Payment Voucher – --------------------- A feature of QB addins is customized payment vouchers. The bill date, bill amount, and paid amount are all listed in separate columns. You can also add the amount in word. By looking at the amount already paid, you may calculate the balance. The total amount is also listed in a column. The auto voucher numbering function adds automatic voucher numbers. [Customized payment voucher](https://www.penieltech.com/qb-addins-softwares.html) with company logo, address, and the name is also a feature of QB addins. **Features missing from QB Desktop –** * Auto voucher numbering * Amount in word conversion * Customized payment voucher with company logo and address.

AdminSat Apr 19 2025

Real Estate Property Management

How Today’s Rental Property Owners Are Building Great Tenant Relationships

Owners of rental properties (property) are aware that contented tenants make for good tenants, which can pay them in the long run. Building relationships with tenants promotes increased communication and a better overall experience for both tenants and landlords. Let’s talk about the advantages of developing solid relationships with tenants. ------------------------------------------------------------------------------- ### Reduce Stress & Tension - Regular communication shows that you care about your tenants, even if it’s only to check in and make sure things are going well for them. And it’s that extra layer of care that will shield you from unneeded anxiety and stress. ### They’ll Take Care of Your Property - There are many instances where landlords had to deal with significant damage brought on by departing tenants with a grudge. Building trusting connections with your tenants fosters mutual respect. And even if things go wrong and you need to evict them, they’ll be less inclined to damage your property before they go if they feel like they have some sort of relationship with you. ### A satisfied tenant is a sign of a strong bottom line - Building relationships with renters requires being dependable and fulfilling your commitments. In addition to staying long-term, content tenants make excellent references for other rental properties you have available. Here are our top 11 strategies for fostering tenant relationships used by landlords today - ------------------------------------------------------------------------------------------- ### Use the right tool - You might not be using the proper tools if you have trouble staying organized. [Rental management software](https://www.penieltech.com/property-management-and-real-estate-software.html) that is well designed can help you stay organized and save a tonne of time. You’ll be prepared to respond to any tenant problem in an informed way if you keep organized records and tenant files in one location. Tenant Management Software UAE is the best way to increase sales while keeping track of your clients and offering ongoing support when necessary. Elate TMS is the best property management software in Dubai which is used by the property owners to assemble the fundamental data and needs of the possible customers so that the business may offer the greatest services to them and subsequently grow the clientele in the industry. This [property management software](https://www.penieltech.com/property-management-and-real-estate-software.html) TMS keeps track of every point of contact you have so you can determine which is the greatest option and where you should put more effort. ### Select the Best Tenants - Choosing the proper individual to sign your lease is the first step in establishing relationships with your tenants. Your tenant selection procedure must eliminate candidates that could provide problems. Follow up on background checks, credit records, and eviction histories with due diligence. ### Build Rapport - Although the connection between a landlord and a renter should always be professional, being social is not a need. Look for areas of agreement or interests you have in common to discuss. Ask inquiries and pay attention to your tenant’s responses. This will establish a solid foundation for the partnership. > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_44" ).setAttribute( "value", ( new Date() ).getTime() ); ### Expectations Must Be In Writing - Building connections with tenants starts with a strong base of clearly stated expectations. Both parties need to agree on what is expected of them. Bring your best self to the table, agree on fair expectations, and put everything in writing. If there is a disagreement, both parties will have a written record to refer to. However, this does not imply that everything must always be formal. A text message or email can be sent as a follow-up to a verbal exchange, and the original written agreement will still be available. ### Keep Your Promises - Make sure you follow through on any commitments you make to tenants. Developing relationships with tenants is very difficult if your words have no meaning. Tenants won’t believe you until you have a word that is as good as gold. ### Stay open to communication - An honest and dependable landlord maintains open lines of contact. Be accessible to your tenants and always respond to messages right away. Respond to maintenance requests and concerns right away, and never avoid having uncomfortable conversations. Building relationships with tenants begins with prioritizing communication. Being accessible to handle issues and queries demonstrates your interest in your tenants and desire for their satisfaction while residing on the property. As a result, you gain the trust of your tenants and their confidence to approach you with any issues. ### Be prepared - Good communication and appropriate action might be hampered by disorganization. It will be challenging to remain on top of everything on your to-do list if you are disorganized. Tenants are left with the impression that they are not regarded when things slip between the gaps. If you never seem to know what’s going on when tenants call, it will be tough to develop relationships with them. ### Healthy boundaries - The relationship between a tenant and a property owner is inherently conflictual. The residence of the tenant is what belongs to the landlord. While it may be tempting to check in on tenants to make sure they are taking care of your home, it’s important to keep boundaries in place. At the beginning of the connection, decide on an inspection schedule and establish a strict minimum for visits. Don’t call your tenants too frequently, either. Use less intrusive communication channels like email for less pressing issues. ### Always adhere to the law - Property owners must constantly follow all regulations regarding tenants and landlords. Failure to do so may result in legal issues, but it can also erode confidence and have an impact on relationships between tenants. Learn all applicable local, state, and federal laws, and never stray from them. ### Be Receptive To Ideas - Any landlord who is serious about cultivating connections with tenants must respect their viewpoints. The residents are in a better position to spot problems with the unit and may detect things that you might not. Additionally, tenants are the greatest people to ask for ideas on improvements that everyone who lives there could like. Never discount a tenant’s suggestions, no matter how flawed. You don’t have to take every recommendation seriously and it may not always be a good idea, but you should always express your appreciation for the feedback. Ask inquiries and encourage open communication with tenants to go one step further and collect suggestions from them.

SophiaSat Nov 30 2024

Real Estate Property Management

9 Biggest Property Management Challenges

A third-party contractor’s daily control over residential, commercial, or industrial real estate is known as property management. What is property management’s main advantage? --------------------------------------------- The owner’s peace of mind is unquestionably the biggest advantage of having a property managed. Knowing that an unbiased third party is defending their assets, deposits, and tenants, landlords may unwind. Additionally, Property managers will handle and manage any potential day-to-day issues that may emerge, which can be time-consuming. Property Management challenges - -------------------------------- In particular, if you don’t have a full [property management system](https://www.penieltech.com/property-management-and-real-estate-software.html), you probably already understand all the aches and advantages that go along with this demanding yet gratifying profession. But no matter how many years of experience you have or how much your company has grown, every property manager eventually runs into the same problems. Perhaps you’re beginning to contemplate issues like: **What can I do to improve as a property manager? Why do I always lack the time? What do I not see?** Your capacity for project management is regularly put to the test, from managing routine facility maintenance to handling financial matters. Your ability to communicate effectively will ultimately determine the success of your organization. As if that weren’t enough pressure, you also need to constantly monitor events. Below is a list of the issues you’ll encounter most frequently. --------------------------------------------------------------- Employment - ------------ It is impossible to manage everything on your own once you begin to scale. You must recruit and keep top-notch employees who can address rather than exacerbate your property manager’s difficulties. Maintenance - ------------- As if owning and renting out buildings wasn’t enough, a property manager’s list of duties always appears to include maintenance. As soon as you finish one task, another one is waiting to take your time and attention. Tenant - -------- You must take care of the people as well as your real estate holdings. You spend a lot of your time on: * Locating trustworthy tenants. * Obtaining background information * Signing contracts for rental services. * According to client requests. * Interacting with the appropriate contractors. * Addressing problems as they appear. Tenants should always be aware of your expectations in addition to this extensive list of obligations. You have to enforce evictions when problems occur, which can be a complicated procedure. Scaling - --------- Scaling your revenue also seems like a distant dream when you have so many chores to complete. You must give your customers the greatest service possible to promote client recommendations, but you can’t do that until you stay on top of your to-do list. It is a never-ending circle. Time - ------ There is never enough time in the day, as every property manager will attest. Either you are frantically attempting to make up for yesterday’s work, or you are steadily slipping behind. Few property managers can work a rigid 9 to 5 schedule every day while still taking a full lunch break. Instead, they don’t take a lunch break and typically put in an extra two to three hours a day. Work overload without adequate pauses will result in burnout, which will subsequently breed dissatisfaction, disappointment, and resignation. Time management skills, adherence to policies and checklists, and management assistance are a few changes that could make this better. Never undervalue the impact that choosing the right property and owner has on this all-too-common issue! Cost - ------ The rise in additional expenditures brought on by taking on more projects is one of the toughest obstacles property management must overcome. Tenants continue to complain, contractors need to be paid, and errors happen. Your profit margin will soon be declining, and you and your accountant will soon be at odds. Owners and tenants anticipate immediate communication - ------------------------------------------------------- It can be quite difficult when a tenant contacts property management by email, office phone call, and cell call all within 60 seconds. The key in this situation is controlling expectations regarding the property manager’s accessibility at the beginning of your owner or renter relationship. Dealing with violent and belligerent landlords and renters - ------------------------------------------------------------ In [property management](https://www.elatesoft.com/real-estate-property-management-software.php), there will inevitably be some confrontations and disagreements when you’re dealing with an owner’s financial investment and a tenant’s residence. One of the most frequent causes of property managers quitting their jobs is this problem alone. Even the greatest property managers still find it challenging to deal with this issue. Setting reasonable expectations and giving both parties an appropriate induction can help to reduce it. Google negative reviews and social media complaints - ----------------------------------------------------- Because of social media, everyone has an online voice and a corresponding viewpoint today. We are seeing an increasing number of customers voice their dissatisfaction with the services they receive, which is understandable given the fact that you cannot satisfy everyone and the rising demand for perfection and people having their “rights” met. Accepting that internet complaints are common and that getting a negative Google review is simple (especially from a disappointed tenant who didn’t get their whole bond back) is important. The outcome is entirely dependent on how you respond to complaints and negative web reviews, not the complaint itself. ### One strategy can address each of these problems. - Elate property management software [Real estate software](https://www.penieltech.com/property-management-and-real-estate-software.html) that runs on the cloud. It was developed specifically to deal with the dynamic issue the real estate market is currently experiencing. It is made up of finances, asset management, and property lease. Real Estate Software UAE is a unique data structure that adapts to your company with powerful web tools, enabling businesses to launch online in the shortest amount of time with the most cost-effective model. Peniel Technology is the best provider of Elate property management software. What are the advantages of real estate management software? ----------------------------------------------------------- ### Easy to Learn and Flexible - There is no need for Expensive Training with [Tenant Management Software](https://www.penieltech.com/property-management-and-real-estate-software.html) UAE. Moreover, the tool is adaptable enough to meet all the current needs of property owners or landlords. ### Real-Time Precision - Property management software in Dubai improves the way you communicate with your tenants. Through automated and manual communication methods, it enables you to share information with them quickly and clearly. ### Quick Access - The software is built with speed and a database that can hold any mass data to assist you more efficiently without compromising the quality of the operation. ### Highly Security - Data security is the top requirement for [real estate management software](https://www.penieltech.com/property-management-and-real-estate-software.html) in Dubai, United Arab Emirates. The software has access authorization built in to prevent information disclosure. ### Customer support - Our experts will fix your issue and lead you through the procedure. Send us an email, use the chat feature, or phone us at your convenience using the support number. We pledge to uphold global standards and provide comprehensive technical assistance throughout the issue to help you with your problems whenever they arise.

AdminSat Apr 19 2025

Tally Solution

5 Things in TallyPrime for Enhanced Business Efficiency

What is TallyPrime? ------------------- For small and medium-sized businesses, Tally Prime is an all-inclusive company management tool. #### TallyPrime assists you in managing - * Accounting * Inventory, * Banking, * Taxation, * Banking, * Payroll, and many other tasks so that you may eliminate complications and concentrate on business expansion.. The first thought that comes to a mind when they decide to launch a firm is - How to streamline complex business procedures? When the core of your business plan is built on simplicity, putting other key processes in place more smoothly becomes much simpler. ### Guess what? [TallyPrime UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) provides you with exactly that! TallyPrime Dubai is equipped with several incredible features and abilities. It is made to provide you with the greatest experience in the most straightforward manner. What is the use of Tally Prime in business? ------------------------------------------- #### Let’s Take a quick look over the use of TallyPrime in business ### Your partner for growth - TallyPrime UAE gives you the ability to manage many businesses and gradually add capabilities like * Multiple go-downs, * Multi-currency, * Order process, * Cost centers, etc. to support your growth path. This enables you to eliminate complications and, as a result, concentrate on business expansion. ### Better cash flow management - Bills payable and receivable management that is quick and easy to use will help you manage payment schedules and get paid more quickly. [Tally UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) makes stock movement simple and efficient, allowing for the optimization of cash flow. Additionally, the analytical reports delivered in a flash enable you to plan your company’s expansion more effectively and make decisions with confidence. ### Increased Business Efficiency - With the speed that Tally UAE provides, you can complete tasks quickly, save time, and do more with less effort. With TallyPrime, you may print or see reports while entering vouchers, load another company while viewing a report without stopping what you were doing, learn about anomalies or strange details from each report you examine, and much more. You no longer need to memorize shortcut keys because you have an intuitive and reliable workflow that makes work go by more quickly. Look at these 5 TallyPrime features that will increase your company’s efficiency 10x more: ------------------------------------------------------------------------------------------ ### Handling of Interruptions - When you are working on a particular report, you can experience aseveralunanticipated interruptions. These circumstances might lead to unneeded interruption and false reporting. You might feel the need to obtain the proper assistance to manage contingencies in such circumstances. TallyPrime was created so that you seldom ever require assistance or support to use it the way that best suits your needs. If at all possible, in-product support will direct you so you can solve the problem on your own. The solution has an intelligent setup manager that can communicate with every system component on which Tally Prime is installed and direct you in troubleshooting any license or application run-time problems. ### Quick navigation from any location to any other location - Our emphasis is on how simple the software is to use when we talk about having it. [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) is very to easy to use, you do not need to learn any other software to handle this. You may easily access different reports from anywhere in Tally thanks to TallyPrime. Additionally, this feature naturally aids you in multitasking and dealing with interruptions. Imagine you’re in the middle of entering a payment when you suddenly decide to look up the list of unpaid debts. With GoTo, you can manage a lot of these scenarios without having to jump between numerous Tally instances or worry about losing your progress. ### More enlightening stories - Each firm has a distinct methodology. The [business management software](https://www.penieltech.com/) you employ must meet both your present and future needs. In particular, as your firm expands, so does the need to automate more operations. TallyPrime is adaptable enough to recognize this and enables you to simply create the report you desire based on your business situations. To understand how to create more informative reports, consider the following examples: * Press “Change View” to select your preferred method of viewing a report if you want to change the format. The report will have exactly the appearance you want in less than a second. * If you wish to alter the parameters that determine the values in reports - simply click “Basis of Values” and the software will quickly recompute the report using your selected criteria. * Pressing “Exception Reports” will allow you to view the necessary subset of the data as needed to filter out specific anomalous transactions (post-dated vouchers) or ledgers (negative stock) from a report. ### Invoice Experience - With TallyPrime print anything from anywhere features, printing your invoices and reports is not only more practical but also environmentally friendly. With the improved method and configuration of printing, you may now save up to 80% of the paper. ### Use the “Go To” Search to learn more - TallyPrime revamped top menu now features a powerful search bar called Go To. This gives you easy access to all of the application’s reports, that guide your business decision-making. Go To is cognizant of the particular terminology you use to refer to specific reports and groups them according to both standard terminology and your usage phrases. You don’t need to worry about learning the navigational path or how to access those reports because it is so intuitive. Simply click on Go To, then type or choose the report you wish to examine before using the shortcut key for Go To, “Alt + G. You only need to click a button to find the information you require.

AdminSat Apr 19 2025

Customer Relationship Management

ERP VS CRM: Which is Superior?

Enterprise resource planning (ERP) Software and customer relationship management(CRM) software are often the two main software options that businesses choose when attempting to automate essential business processes. CRM UAE helps organizations manage how customers interact with their businesses. While ERP connects financial and operational systems to a single database to help businesses run successfully. Both are essential data storage facilities. Both ERP Dubai and CRM encompass multiple departments, despite occasionally using the same platform. The software is frequently bought separately and then integrated as needed. To determine whether a firm requires ERP, CRM, or both, this article will highlight the important similarities and differences between CRM and ERP. ### Let’s talk about customer relationships Management (CRM) - Customer Relationship Management or [CRM Software UAE](https://www.penieltech.com/crm-software.html) is a piece of software that assists a business in connecting with current and potential clients. This customer relationship management (CRM) program controls, automates and coordinates sales. The goal of creating such an application is to bring up and delight prospect leads, which aids the company’s growth in sales and general performance. ### Following are some key features of CRM : * All of the client services are centralized using this program. * This is utilized to oversee and manage the organization’s operations. * It helps in increasing the performance of sales. * Primarily focused on customers. What is ERP? ------------ Material needs planning (MRP), which allowed manufacturers to comprehend and manage all the resources required to run a successful business, gave rise to enterprise resource planning (ERP). All elements of a company use ERP as a shared database. Fundamentally, this refers to money matters, such as the general ledger (GL), payroll, accounts payable, accounts receivable, and financial reporting. ERP, however, encompasses data about service organizations as well as inventory management, order management, supply chain management, and data management. ERP covers all aspects of production, distribution, fulfillment, and procurement. Some ERP systems additionally provide e-commerce, CRM, and [human resources management systems](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.html) (HRMS). CRM Advantages - ---------------- The main goal of CRM is to provide businesses with a single location to store all client information and also to keep track of all customer interactions. With this knowledge and the aid of analytics, organizations can make better choices regarding which consumers to target for increased revenue and the effectiveness of their sales teams. And also it is the most effective way to provide customer service and more. For instance, sales representatives will be able to respond appropriately if consumers they are visiting have open customer support tickets thanks to a centralized CRM system. As an alternative, customer service can identify callers who are high-value customers or who have the potential to be high-value customers rapidly and direct them to the proper service tier. ERP Advantages - ---------------- An ERP system’s advantages derive from having a single, common database for all operational and financial data. This has a significant impact on reporting, including both routine monthly reports and special reports that leadership requests. Employees may drill down into reports to find financial insights thanks to a single source of operational and financial data, eliminating the requirement for IT or finance teams to perform the research and reporting. As a result, firms can take quicker, data-supported decisions that can affect a variety of factors, including profitability, potential for future growth, and organizational efficiency. A quicker financial close is another advantage that businesses commonly list when switching to an [ERP system](https://www.penieltech.com/erp-software-uae-dubai.html). At the end of each month or quarter, finance teams typically tabulate the results after accounting for all revenue and expenses, a process known as closing the books. When using spreadsheets or basic [accounting software](https://www.penieltech.com), closing the books often involves a lot of human labor, data entry, and contacting several departments for financial data. Companies have claimed shorter monthly close times thanks to centralized ERP systems that automate many of those procedures; this task may now only take a week or a few days. Additionally, ERP systems greatly improve the financial controls within a firm. Only employees with the appropriate job functions have access to critical information using a centralized system and role-based permissions, enhancing audit trails and lowering financial risk. Difference between the ERP and CRM - ------------------------------------ **ERP** **CRM** ERP software solutions assist businesses in managing their business operations. CRM is the name of the program that streamlines customer communications with the business. All the processes are streamlined using a centralized system. The only channel for converting customers into potential clients is CRM. The term “ERP super set” refers to SAP. It is a division of SAP. ERP systems are more concerned with increasing organizational productivity and cutting costs. CRM solutions are centered on the interactions between customers and the business. * **CRM software systems do not contain ERP components, however, some ERP systems contain CRM, while others do not**. Which one, ERP or CRM, is superior? ----------------------------------- ### ERP software Dubai has features like **Accounting** \- It is one of the features of ERP; it offers multi-currency accounting capabilities as well as tax calculation, information, bank, and payment settlement tools **HR and Payroll** - This feature enables you to create and manage employee payrolls and tax regulations. **Manufacturing** - Using a production and planning system, ERP enables you to plan your inventory and material. **CRM** - It also assists in organizing all client interactions and relationships for your business. **Projects** - You can specify and assign tasks to projects, as well as record time for work performed on tasks, using this feature. ### CRM software UAE has features like - Businesses in the UAE use CRM software to track and analyze client contacts, as well as to generate reports that explain why sales are increasing or decreasing. 1. **CRM Dashboard** - The Customer Relationship Management or CRM software UAE Dashboard will offer you a brief overview of all the significant sales statistics and metrics, goals to be met, and also the productivity of all of your company’s sales leaders. 2. **Lead** **management** \- This section has to be updated with all of the leads that the sales representatives have generated. Also, this allows you to keep track of every possible consumer and their pertinent data. 3. **Opportunity management in CRM** - The marketing team’s produced leads can be qualified and advanced to the opportunity stage. You may now screen out potential clients and the deals they are interested in. Thus, the sales team can communicate with customers directly and provide them with product estimates. > **ERP software Dubai can manage Accounting, HR and payroll, sales and purchasing, projects, and customer management. Because some ERP software includes CRM so you can manage the customers also. However, CRM can only manage the relationship with customers.**

AdminSat Apr 19 2025

HR and Payroll Software

How To Manage Human Resources?

### **What is Human Resource Management?** Human resource management is the management of people in the organization. It fills the gap between employee performance and organizations. ### **Need for Human Resource management:-** ### Strategy management – Any organization’s human resource management depends on this component. Any organization’s performance depends on how well its human resource managed. In addition to making a substantial contribution to corporate decision-making, HR managers oversee strategies to ensure the organization achieves its business goals. So, these strategies include assessments for present employees and projections for future ones based on business demands. ### Training and development – Since HR managers make substantial contributions to training and development initiatives, therefore, they also play a crucial role in fostering relationships between employers and employees. This helps people advance within the organization, which boosts productivity and employee happiness. ### Intercommunication between the employee - Team building HR managers are organized several events and celebrations. It promotes interaction among workers and fosters a sense of respect and trust among peers. It is possible to meet all these needs with one software called [HUMAN RESOURCE MANAGEMENT SYSTEM](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.html) (HRMS). **What is HRMS?** ----------------- A human resources management system used for human resource tasks that connected several numbers of technologies. Unified HR systems go under many different names. Let’s talk about the most typical: HCM, HRM, and HRIS. 1. HCM – HUMAN CAPITAL MANAGEMENT. 2. HRM – HUMAN RESOURCE MANAGEMENT. 3. HRIS – HUMAN RESOURCE INFORMATION SYSTEM. HRIS(Human Resource Information System) focuses on information rather than procedure and it would not anticipate scheduling or time and attendance service. You can also be lacking application tracking. HCM(Human Capital Management) is typically geared toward corporate workforces. HCMs frequently incorporate elements that don’t apply to small and mid-sized businesses. The focus of HRM is on managing human resources, not processing information. All three **HRIS, HCM, and HRM are missing crucial elements.** **HRMS** is the united HR solution that makes up to **80%** of HR processes. **How does HRMS help employees?** --------------------------------- ### **Employee orientation** – You can design an onboarding procedure that rivals the most cutting-edge companies with the aid of an [HRMS](https://www.penieltech.com/hr-hrms-payroll-software-solutions-provider.html). ### **Enrollment in Benefits–** HRMS makes it easy to manage benefits to the employee. It can make centralized management processes easier like e-signature. Additionally, it can compare sign forms, plans, and enrollments in the employee portal. ### **Time and Attendance -** Your HRMS and the time clock are synchronized. Hence, it’s simple and easy to punch in and punch out. The timekeeping feature of the HRMS logs hours in detail. Your team does not have to complete paper timecards, which have long been the bane of hourly workers. The clock notifies workers when they have missed a punch so they can make it up before payday. ### **Payroll integrity-** HRMS created the Payroll integrity. Firstly, employees will pay extra if they arrive early or stay extra. Secondly, they are aware that the calculation of overtime will be accurate. Their accruals are being appropriately tracked. If full-time status affects eligibility for benefits, HRMS can verify the necessary number of hours. Employees feel more secure because of payroll responsibility. ### **Employee** **Scheduling** – Employees can access the portal of an HRMS to view their schedule, switch shifts, request time off, and handle FMLA. Taking preferences into account for schedules enhances work/life balance. It makes shift trading less complicated so, employees who want more hours can request them when a shift comes up. As a result, management won’t need to bribe resistance from workers. When their companies adopt HRMS scheduling, part-time employees can more easily manage two tasks. Employers who promote work/life balance have loyal employees. ### **Mobility** – Employees have convenient access to HRMS apps around-the-clock so, you can engage and keep your increasingly tech-dependent workforce by using simple mobile technologies. **How does HRMS help Managers?** -------------------------------- Managers can monitor teams from a smartphone or tablet using an HRMS mobile app, so they can complete the employee oversights. ### **Timecard** **approval** – HRMS produced digital timecards, each shift includes a calculation of the hours. All timecards are kept in one place for managers to access. So, they don’t have to gather them. Managers don’t need to double-check because the system doesn’t create adding errors. HRMS avoided the missed punches and other timecard errors. ### **PTO**(Paid Time Off) **request** – Time off-related confusion is a typical issue. Managers run the danger of scheduling personnel while they are on vacation if there is no formal framework in place or failing to remember a request made. Employers use the HRMS PTO feature to request time off. The requested dates are all shown side by side for managers to view. It is a terrific technique for managers to outsource their memory. The requests that managers have approved are never required to be remembered and the dates that the requests were submitted are displayed. If you have a first-come, first-served time off policy, this equalizes the playing field for everyone. It eliminates all injustice, real or imagined. ### **Schedule** **formation** – Using drag-and-drop tools and template-based tools, managers may construct schedules quickly The system locates qualified workers to fill open shifts. Check out the schedules by team, week, or place. With an HRMS, manager scheduling time can be reduced by up to 70%. It eliminates the trouble. Companies that wish to make the most out of their people resources will pick an effective HRMS. Reviewing the following reasons, an HRMS is your key to success: 1. You’ll see faster business growth. 2. Management of human resources shall be done as effectively as feasible. 3. Maintaining compliance with labor rules will be simpler. 4. Your staff will be more content, committed, and inclined to stick with your business.

AdminSat Apr 19 2025

Tally Solution

Journal Entry in TallyPrime

While running any business, every business engages in a business transaction on a day-to-day basis. It could be other business entities (B2B), or customers (B2C). Further, it may be on a ‘Cash’ or ‘Credit’ basis. And keeping proper track of it is very important to understand the overall health of a business. As a businessperson, it is crucial to understand when, where, how the money flows into/out of your business. What is journal in accounting? ------------------------------ To keep track of your day-to-day business transactions, capturing the details of each transaction is very important. The basic information that must be tracked is the Date of the transaction, the purpose of a business transaction which has mainly two-fold effect, a brief explanation of the transaction, and its amount. The activity of recording this business transaction into the books of accounts of a business is called Journalising. In Accounting terminology, the first step in an accounting cycle is to record a journal entry of a business transaction by following a double-entry system. Every transaction will impact at least two accounts, one being ‘debited’ and other ‘credited’ with an equal transaction amount. Business Reports in TallyPrime How to Record Multi-Currency Transactions in TallyPrime? For time being, just understand the following rule, **Nature of transaction** **Examples (Office/Factory purpose only)** **Balance** **Increase** **Decrease** **Assets** Machinery, Car, Furniture etc., Debit Debit Credit **Liabilities** Suppliers, Taxes, Bank Loans etc. Credit Credit Debit **Expenses** Telephone, Rent, Electricity, Labour charges, Employee Salary, etc. Debit Debit Credit **Income** Sales, Interest earned on deposits etc. Credit Credit Debit * **Assets** **Account** will always carry a ‘Debit’ balance, so when there is an increase in ‘Asset’ account value we will Debit the Asset account and vice-versa * **Liabilities** **Account** will always carry a ‘Credit’ balance, so when there is an increase in ‘Liability’ account value, we will Credit the liability account and vice-versa * **Expenses Account** will always carry a ‘Debit’ balance, so when there is an increase in ‘Expenses’ account value, will ‘Debit’ it and vice-versa * **Income Account** will always carry a ‘Credit’ balance, so when there is an increase in ‘Income’ account value, we will ‘Credit’ it and vice-versa. Let us understand this with a help of an example. Example of journal in accounting --------------------------------- On 1st Nov ’21, Mehta Traders purchased Furniture @ 75000/- from Sharma Enterprises on credit (30 days). Considering the above business transaction which is between two business entities - Mehta Traders (Buyer) & Sharma Enterprises (Seller), let us analyse how will it be recorded in the books of both the entities. As Mehta Traders is buying from Sharma Enterprises so it is an expense for them. So, the two accounts involved in this business transaction is - Furniture A/c - Asset Sharma Enterprises A/c - Liability When Asset is increasing you will ‘Debit’ the Asset account (Assets have a Debit balance) When liability increases you will ‘Credit’ the liability account (Liabilities have a Credit balance) **Journal Book of Mehta Traders** **Date** **Particulars** **Amount (Dr.)** **Amount (Cr.)** 1-Nov-21 Dr. Furniture A/c 75,000 Cr. Sharma Enterprises A/c 75,000 \[Being Furniture @ 75000/- purchased from Sharma Enterprises on credit\] Similarly, As Sharma Enterprises is selling the furniture to Mehta Traders, it is an income for them. So, the two accounts involved in this business transaction is - Sales A/c - Income Mehta Traders A/c - Assets When sale is increasing you will ‘Credit’ the Sales account (Sales have a Credit balance) When Assets increase, you will ‘Debit’ the Asset account (Assets have a Debit balance) > **_Select Product for Free Consultation_** > > Your name > > Your email > > Your Phone > > Product > —Please choose an option—Cheque PrintingElate CRMElate ERPReal Estate Property ManagementTally PrimeQuickBooksSage Accounting SoftwareHRMS SoftwareCustom ERPAccounting SoftwareVAT Accounting SoftwareWeb DesignCorporates TaxERPNextOdooInventory ManagementWarehouse ManagementQuickBooks Invoicing SoftwareOtherDigital MarketingSEO > > Your message (optional) > > Δdocument.getElementById( "ak\_js\_49" ).setAttribute( "value", ( new Date() ).getTime() ); **Journal Book of Sharma Enterprises** **Date** **Particulars** **Amount (Dr.)** **Amount (Cr.)** 1-Nov-21 Dr. Mehta Traders A/c 75,000 Cr. Sales A/c 75,000 \[Being 25 Washing Machines @ 75000/- sold to Mehta Traders on credit\] **Note**: * Furniture is an ‘Asset’ for Mehta Traders, hence, it will be tracked as ‘Furniture A/c’ and not ‘Purchase A/c’ * Furniture is ‘Inventory’ for Sharma Enterprises as he is into trading of furniture so it will consider under ‘Sales A/c’ To summarize the entry and give a comparative analysis - Sr. No. Mehta Traders Sharma Enterprises 1 Purchase of a Fixed Asset for office use Sale of Furniture (inventory) 2 Sharma Enterprises is a liability as there will be an outflow of money due to purchase Mehta Traders will be an Asset as there will be an inflow of Money due to sales 3 Dr. Purchase A/cCr. Sharma Enterprises A/c Dr. Mehta Traders A/cCr. Sharma Enterprises A/c Journal voucher in TallyPrime ----------------------------- We discussed journal voucher above as per the accounting principle. However, from an [accounting software’s](https://www.penieltech.com/) (TallyPrime’s) perspective, each business transaction gets bifurcated basis the voucher types. So, in Tally you can see various voucher types viz., Purchase, Sales, Payment, Receipt, Journal, etc. instead of just one type of transaction (voucher) i.e. ‘Journal’. Using different voucher types in [TallyPrime](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) basis the nature of transactions, will help you record your transactions and analyse your reports easily. **Sr. No.** **Transaction** **Voucher Type in TallyPrime** 1 To record a payment made to your Supplier Payment 2 To record a receipt of money from your Customers/Clients Receipt 3 To record purchase of goods from your Supplier Purchase 4 To record sale of goods to your customers ‘Sales The above helps you in faster data entry of transactions. But if this is the case, then the question that may crop up to your mind is that _“When should I use ‘Journal’ voucher type?”_ So, there is a specific use of ‘Journal’ voucher type. Let us understand by taking examples of few business transactions. * When you buy a fixed asset for your business, for e.g., Machinery, Car, Furniture etc. You cannot record it in a ‘Purchase’ voucher type as you are not a trader of these fixed assets but using it for your office use. (As explained above in the case of Mehta Traders). If you were a trader like Sharm Enterprises, then you would have used ‘Purchase/Sales (basis the business transaction)’ instead of ‘Journal’ * To record depreciation for your fixed asset * To record prepaid expenses (Amount paid but expenses will accrue over the months/year etc.) * To record adjustment of taxes before making payment to the government department (Input vs. Output VAT) * To record correction of entry due to wrongly debited/credited account How to record a journal voucher in TallyPrime ---------------------------------------------- Let us take the business transaction of Mehta Traders. **Date** **Particulars** **Amount (Dr.)** **Amount (Cr.)** 1-Nov-21 Dr. Furniture A/c 75,000 Cr. Sharma Enterprises A/c 75,000 \[Being Furniture @ 75000/- purchased from Sharma Enterprises on credit\] The above entry can be recorded in TallyPrime in these simple steps Step 1 Gateway of Tally > Transactions (Vouchers) > F7: Journal Step 2 You may configure – Use Cr/Dr instead of To/By during voucher entry by pressing Press F12: Configure as per your preference Step 3 Select the transaction date as 1-Nov-21 by pressing F2: Date Step 4 Dr. Furniture A/c (Fixed Assets) and specify the value against it as 75,000, then Cr. Sharma Enterprises (Sundry Creditors)_Note: In the ledger field, you can press alt and c keys to create ledgers on the fly and grouping it under Fixed Assets and Sundry Creditors respectively._ Step 5 Specify the narration for future reference purpose Step 6 Press ‘Enter’ key to accept the transaction ![journal voucher in TallyPrime](https://resources.tallysolutions.com/wp-content/uploads/2021/10/journal_voucher_in_tallyprime.png) This is how [Tally Prime UAE](https://www.penieltech.com/tally-erp9-dealer-in-dubai.php) helps you to record the Journal voucher quickly and with simplicity! Reference: https://tallysolutions.com/tally/journal-entry-in-tallyprime/

AdminSat Apr 19 2025

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Our Blogs - Page 33

Why Tally is different than other ERP Systems?

Customer Relationship Management

Does your E-Commerce store really need CRM support?

Accounting Softwares

Tips to prepare small businesses for financing

ERP Application

Top 10 ERP Companies in Dubai

Information Technology

10 Essential Cyber Security Concepts You Should Know

Property Management

5 Best Property Management Software for Small Landlords

Accounting Softwares

5 Differences Between Point of Sale Software and Accounting Software

HR and Payroll Software

4 steps to strengthen your employee compensation and benefits program

ERP Application

Why Choose Penieltech for ERPNext Implementation

QuickBooks

Reasons Why Your Business Needs QuickBooks Add-Ons

Real Estate Property Management

How Today’s Rental Property Owners Are Building Great Tenant Relationships

Real Estate Property Management

9 Biggest Property Management Challenges

Tally Solution

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