Accounting for commission trading

Accounting for commission trading

Accounting of commission trade involves entering data on goods and services provided on behalf of the committee when selling to customers, reflecting data for subsequent settlements, forming accounting and warehouse reports. In commission trade, it is necessary to take into account many factors affecting the sale of goods and services, forming regulated documentation that complies with legislative norms. At the present time, in order to optimize labor resources, it is envisaged to install specialized software for integrated management, control and accounting, business analytics. In terms of automation, saving resources, among the market offers, the software "Universal Accounting System" stands out, being one of the best utilities. In addition to rich functionality, also unlike similar applications, there is an affordable pricing policy and a free subscription fee, with a wide variety of modules and tools. Any area of activity, each user will be able to conveniently configure the configuration parameters, given the availability of a wide variety of modules and tools suitable for everyone.

Users with little experience in software will also be able to quickly master the principles of management, configure the configuration parameters using the accounts that are provided when registering in the system. At the same time, when registering initially in the system, an individual account will be created, which will subsequently be used daily on personal rights, indicating the job position, the level of access to information data, reflecting the controlled work processes with the accounting of work activities. In order to ensure comfortable working conditions, it is envisaged to configure the language panel, simultaneously using several foreign languages, setting up the work area with a choice of one of fifty different topics. For convenient and efficient work, it is assumed to use computers, smartphones and tablets, united in a single local network for convenient interaction and display of data on the main computer for subsequent reading of work processes. Thus, on the working screen of the main computer monitor, the manager will display detailed information on each employee, with the ability to interact and give additional tasks, with an analysis of activity and academic performance.

Commission Trading - Step-by-Step Explained

The USU commission trade program - we explain step by step the principles of integrated management with increased activity and sales volumes. The software is an ideal tool for solving diverse tasks that are quickly carried out in a company with an unlimited number of branches, stores, warehouses, etc. In a single information system, it is possible to manage an unlimited network of commission shops, warehouse departments, organizing data and displaying actual indicators of labor activity, customer and principal attendance. In the application, it is possible to remotely monitor the activities of personnel, display data in timesheets, record and automatically calculate the final amount of the monthly salary. It is worth noting that the salary will be based on the actual salary or piecework wages, based on the sale of goods and services, calculating a certain percentage of remuneration. All processes will be carried out according to a transparent scheme, leaving no questions for either the manager or the employees. Also for remote control, real-time monitoring of activities within each department, it is envisaged to install video surveillance cameras for reading, recording and transmitting materials to the main computer. Thus, real-time control is ensured not only by analysis, management, but also by eliminating downtime, falsification, information leakage, and material damage.

Commission trading in accounting

Commission trade in accounting with the help of software allows saving time, effort and nerves, simultaneously performing input and calculation, formation of documentation and display of information on sold products and services. Considering the unlimited possibilities, the software also assumes integration with the 1C system, comprehensively managing financial activities, sales, displaying data in accounting. Data will be received, created, saved in a single information space, guaranteeing classification and an orderly system of storage of materials, using various file formats with unlimited volume and storage periods. Also, a single access for all users is provided, but in view of the different possibilities according to the level of the position of each employee.

To help in the output of information from the cloud space, a contextual search engine is used, saving time based on the loss of working time up to several minutes. Also, users can quickly work with digital document flow, using templates in their daily activities that comply with the company's regulations. Based on the existing templates, it is possible to quickly create and fill in the necessary data using the transfer of information from available files. At the same time, there is no need to manually enter this or that information, which reduces the loss of time, and also eliminates the occurrence of errors. Given the multi-channel access, the simultaneous entry of all users into the system, interaction and transfer of information data over the internal network is ensured. Thus, all departments will work in a coordinated manner, regardless of the remoteness of the commission shops and warehouses.

Commission trading and accounting with a commission agent

Commission trade and accounting at the commission agent is carried out automatically, viewing timely display of data in the database during acceptance, redemption, storage and sale. In the application, it is possible to analyze data on all names of goods and services, recording data with subsequent analytics. For example, when selling goods, you can carry out accounting with automatic reflection of data on the principal, in the absence of this process, the system will automatically reflect the information, attach information on the goods and services sold, with the formation of reports. Analytical and static reports are provided to the management in order to provide the necessary information, as well as planning the further activities of the company with an increase in sales volumes and an increase in the interest of buyers in the store's offers.

When delivering products to a consignment shop, to warehouses, the application will automatically generate a consignment note, recording data on principals, names, total quantity, cost, and the final amount, we offer a contract for the provision of intermediary services with an indication of the percentage of remuneration. The application will generate contracts, reports, acts, and invoices, with the following control of the status of fulfillment and maintenance of conditions. When contracts expire, the application will send a notification message to responsible employees for subsequent regulation of these activities for prolongation or termination of cooperation. Printing of documents, invoices and acts, bills and checks, labels is reproduced when integrating the application with different printer models. It is also possible to use different price lists for regular customers, providing different privileges taking into account the profit brought, affecting the increase in loyalty.

Commission trading and accounting with the principal

Commission trade and accounting at the principal is carried out in the total quantitative reflection. When delivering products on commission to a commission shop at the principal, the data is displayed at the total cost in the debit entry, since the data on the bypass were not sold and are delivered only for sale. After the sale of goods and services sold by the commission agent with the settlement with the principal on the basis of the relevant reporting is completed, the data will be recorded in the accounting department. Within thirty calendar days, the commission agent undertakes to provide the principal with reporting documentation on the sold products and services, making mutual settlements for the total amount, including the percentage of remuneration, storage periods. Calculations are reproduced automatically, reflecting the data in accordance with the terms of the contracts. Mutual settlements between the commission agent, the principal and buyers can be carried out in any form convenient for the countries, in cash through the cash desk, by couriers. And also by means of non-cash transfer of funds from current accounts, terminals, QR, ensuring the acceptance and conversion of any monetary unit with the display of data in the accounting reports.

To improve public relations, increase consumer demand and sales volumes, it is envisaged to expand recognition and minimal investment in advertising when interacting with trading platforms, websites and social networks. Thus, it is possible to sell commission products all over the world, while minimizing time and financial costs, which will productively affect the financial activities of commission trade. For the productive development of commission trade around the world, it is supposed to use interactive maps, displaying actual addresses for subsequent delivery, building routes and calculating the time and cost of services. Also on large-scale maps it is possible to track the location of the delivery service, analyzing data and for convenient control and tracking of the status of couriers, attach a link to messages sent to buyers. Messages are sent to principals and buyers to provide information support, confirmation of orders and delivery, reminders of unfinished purchases and settlements, congratulations on holidays and receiving assessments with comments on the output of joint work.

Accounting for commission trade in accounting

Accounting of commission trade in accounting is carried out in a complex with warehouse accounting. For high-quality implementation of warehouse control and management over the inventory stored in the commission shop, it is envisaged to use high-tech equipment for fast reading of barcodes of data display by the data collection terminal in the database. Thus, all information on goods will be displayed in the nomenclature with an accurate quantitative and qualitative analysis, comparison of general shelf life. At the same time, there is no complete need to suspend sales, work in general, given the automatic execution of inventory. For interaction with counterparties, it is supposed to use modern methods of interaction - PBX telephony, answering machine, SMS mailing. Thus, for interaction with counterparties during incoming calls, the system will read the phone number, display detailed information on the monitor screen. At the same time, the specialists of the commission shop will be able to pre-familiarize themselves with the information, answering the call, consulting on the questions that have arisen to the principal or buyers with minimal loss of time and increasing loyalty.

It is envisaged to implement online acceptance of orders, giving customers the opportunity to independently select the necessary positions of commission goods indicated on the website, in social networks, on various trading platforms at any time of the day. Registration will also be carried out autonomously, registering data indicating the numbers and date of the incoming order, deadlines, monitoring the step-by-step implementation of these operations until the final result. All information will be automatically recorded by counterparties in the CRM database, displaying information on principals and buyers, including details, history of cooperation, negotiations, consultations and orders, mutual settlements, reviews, bonuses and discounts provided. Scans of documents, pictures of goods can also be attached. The commission agent can buy out the necessary positions of goods, making calculations of the total amount excluding the percentage of remuneration and payment for storage of goods. You can familiarize yourself with the capabilities and potential of the software by yourself, going to the site, familiarizing yourself with user reviews, mastering the capabilities based on watching a short video review, selecting modules and tools, presented to your attention on the site, also using the download of a free trial version. For additional questions, consultation with specialists is provided, using the contact information provided on the site for contacting.