Budgeting and Advanced Features
Customer and Supplier Management
1. Overview iVendNext makes it easy to manage customer and supplier records, track transactions, and streamline interactions—all in one place. Whether it’s sales, purchases, or inventory, the platform centralizes relationship management to boost ...
Analytics and Insights in iVendNext
Overview Analytics & Insights in iVendNext help businesses make smart, data-driven decisions by tracking performance and spotting trends. From sales and purchases to item-level profitability, these tools offer a clear view of operations. This article ...
Managing Taxes
Overview Tax Management in iVendNext makes handling Sales Tax, Purchase Tax, and GST easy and accurate. It helps businesses stay compliant, manage complex tax setups, and file returns on time. This article covers how iVendNext supports tax setup, ...
Effective Use of Cost Centers and Budgeting
Overview Cost Centers and Budgeting in iVendNext help businesses control spending and allocate resources wisely. Use Cost Centers to group expenses by department, project, or function, and Budgeting to set limits and compare actual vs. planned costs. ...
Key Accounting Reports
Overview Accounting Reports in iVendNext help businesses track income, expenses, assets, and liabilities—supporting better decisions and compliance. From General Ledger to Financial Ratios, these reports offer clear insights into financial health. ...
Discount Accounting
What is Discount Accounting? Discount Accounting in iVendNext helps businesses track discounts on sales and purchases—whether applied to items or full invoices. It ensures accurate financial records, making reporting and analysis easier. Whether ...
Inter-Company Invoices: A Comprehensive Guide
Overview Inter-Company Invoices handle transactions between companies in the same group—like subsidiaries or divisions sharing goods, services, or funds. In iVendNext, this feature links Sales and Purchase Invoices across entities, ensuring accurate ...
Invoice Discounting
What is Invoice Discounting? Invoice Discounting allows retailers to use unpaid invoices to get quick loans, boosting cash flow for daily operations or growth. In iVendNext, this feature helps retailers manage discounted invoices, track loans, and ...
Understanding the Immutable Ledger
What is a Ledger? In accounting, a ledger is a record of all financial transactions within a business. Traditionally, ledgers could be edited or modified, which sometimes led to inconsistencies or errors in financial reporting. However, iVendNext ...
Budgeting
Overview Budgeting in iVendNext helps control costs, allocate resources, and support financial stability. You can set budgets by Cost Center, Project, or custom dimensions. Whether planning yearly or monthly, these tools help prevent overspending and ...