A distribution business is a business that buys and sells products at a very low cost and then resells to other dealers or even direct customers at a higher price. Distribution businesses can be market by delivering the products using vehicles such as trucks, planes, trucks equipped with racks, ships, and tricycles. distribution businesses can also market their products by using the internet as a channel for their distribution as well as telephone as a channel of communication among other means.
The world of business is becoming more and more competitive with time, which prompts businesses to have a great marketing strategy. Marketing is expensive but it’s the only way you can attract new customers. Distribution businesses are constantly looking for new customers to sell their products. That’s why they want to find accounting software that fits their needs perfectly.
Fishbowl
Fishbowl is a hybrid manufacturing and warehouse management solution designed for small and midsize companies. Key features include inventory control, material requirements planning (MRP), job shop floor control, work order management, manufacturer orders, and bills of materials. The solution can either be deployed on-premise or hosted in the cloud.
Fishbowl also offers features such as barcoding, asset management, raw materials management, cycle counting, reporting, automated ordering, and purchasing. It provides real-time updates on the stock level to multiple warehouses of an organization. The solution can predict inventory requirements based on sales trends and allows organizations to transfer stocks from one warehouse to another.
The solution also features automated batch and repair work orders based on lot tracking and serial number tracking. Fishbowl supports integration with e-commerce, shipping, merchant services, and CRM systems such as QuickBooks, Magento, Shopify, Zencart, and Salesforce.
Support is offered via email, phone, and other online resources.
SPS Commerce
SPS Commerce Fulfillment is a cloud-based EDI solution, which assists retailers, distributors, grocers, and suppliers with electronic document interchange. Key features include order management, status tracking, invoice management, and search functionality.
The SPS platform comes with an activity dashboard, which enables administrators to visualize new orders, items ready for acknowledgment or shipping, orders missing shipments, and more. It allows teams to store documents, invoices, shipping notices, and accounting information on a centralized portal. Additionally, managers can connect the system with trading partners, receive notifications for task completion, and automate data synchronization to ensure accuracy.
SPS Commerce Fulfillment comes with an application programming interface (API), which facilitates integration with third-party systems such as Oracle NetSuite, Microsoft Dynamics, QuickBooks, SAP, Shopify, Sage 50Cloud, 3PL Central, Shipstation, and more. It is available on monthly subscriptions and support is provided via phone, email, and chat.
Jolt
Jolt is a human resource (HR) platform provided by Intuiplan. The system is scalable and appropriate for businesses of varying sizes. Companies in the food and beverage industry, hospitality and travel, retail, and others can use and customize the program to meet their needs.
Core functions include personnel tracking, audit management, learning management, performance review, goal management, time and attendance, and employee scheduling offered within an integrated suite. Employee scheduling and time and attendance can be purchased as stand-alone applications as well. Users also have access to a checklist of daily tasks to be completed by employees on shift. Inspection forms may be produced for management to review standards. Training information, employee announcements, and HR issues are also manageable through Jolt.
Jolt is both browsers agnostic and downloadable onto private servers. The software can be accessed via mobile devices and desktop computers to manage single or multiple business locations.
Yooz
If manual processes in your accounts payable are negatively affecting your manufacturing business, then it’s time to give Yooz a try. It’s a cloud-based invoicing and bill payment software packed with advanced automation features such as AI-based smart data extract, automated GL coding and PO matching, and customizable automated workflows. It’s also one of the most secure accounts payable solutions available that can fit the needs of small and mid-sized businesses as well as large manufacturing companies.
Since Yooz is cloud-based, you can immediately use it for your invoice management needs. If you have accounting staff who work from home or sometimes work remotely, they can still access important invoice details and accounting records without their office computer on site. With just a laptop or mobile device, they can log in to their Yooz account and complete their tasks.
Yooz becomes your digital filing cabinet as it’s able to link all documents and messages for each transaction in one place. This can significantly speed up your invoice and payment processing since you no longer need to dig through piles of paperwork. You can automate invoice capture so your AP team can do away with repetitive, manual data entry and focus on more high-value tasks.
Yooz integrates with more than 250 ERPs and accounting software, so you can be confident that you’ll be able to continue using your current accounting and manufacturing business apps. It also has a knowledge base where users can quickly do self-serve inquiries if they ever get stuck on a task.
Why choose Yooz?
- AP automation. Yooz leverages AI and big data to help manufacturing companies reduce manual steps in their AP processes.
- Secure payments. Yooz implements features such as the YoozFakeDetection to help detect forged documents and duplicate data. You can protect your business against unauthorized transactions and fraud.
- Reporting and analytics. You can easily search for invoices, track their status, and create ad hoc reports using the reporting features of Yooz. You can, for instance, search based on the invoice date, status, or order/purchase number and use these details to complete your report.
Bill.com
Bill.com is an accounts payable system that automates the AR process and moves everything to the cloud to assist company owners in saving time on bill payment. It also comes with an accounts receivable feature set with basic invoicing capabilities in addition to accounts payable.
However, it is vital to understand that the platform’s accounting capabilities are limited to invoicing. It is intended to augment, not replace, accounting software. Fortunately, Bill.com interacts seamlessly with most accounting software, synchronizing all data between the two systems.
With an automated accounts receivable system, you can get paid up to three times faster. Send customers scheduled electronic invoices, Accept flat-rate ACH payments, and manage invoice payment status. To keep clients on track, send automatic payment reminders and late notices. Bill.com syncs with QuickBooks, Xero, Sage Intacct, and NetSuite for easier data entry, higher accuracy, and faster account reconciliation.
Why choose Bill.com?
- Automated AP processing. Bill.com simplifies AP in four easy steps: import your invoices, create approval workflows, choose your desired payment options, and sync with your accounting software.
- Get paid faster. The platform includes professional templates to get you started on creating and sending invoices. Once sent, you can track and follow up on your AR transactions all in one place.
- Fully integrated system. Bill.com works with most business and accounting software that creates seamless workflows across all of your departments. It keeps information updated in real-time, so everyone is on the same page.
Rossum
Rossum is an all-in-one gateway for managing documents but due to the flexible nature of its interface, it can easily be used for accounts payable processes and the like. With this, you can collect all your pertinent documents in one feed and filter them quickly. It also leverages a self-learning AI technology that will allow automatic data capture. This way, you eliminate the risk of human error during data entry for accounting processes.
Aside from the abovementioned, the platform also comes with analytics and reporting tools that allow you to keep a close eye on any transactions. For instance, it comes with audit trails and instant status updates. This way you can accelerate workflows seamlessly and ensure no transaction is overlooked.
Why choose Rossum?
- Highly flexible functionalities. Rossum is a document management system with a flexible interface. It is developed to be configured so that it can be used for accounts payable processes, customs workflows, as well as logistics workflows.
- Compliant with data security standards. The platform is compliant with HIPAA and other data security standards. This way, you can ensure that any document you store within the platform is safe and sound at all times.
- Out-of-the-box integrations. Rossum is built to play well with your existing software ecosystems. It can connect with ERP solutions, RPA software, as well as other document management applications.
myBillBook
My BillBook is an easy GST Billing & Inventory management app for wholesalers, distributors & retailers to manage their day-to-day business. My BillBook helps the users to create and share bills (through Whatsapp), make quotations, send payment reminders to customers, etc.
myBillBook Features
- Accounting
- Invoice
- Mobile App
- Accounts payable
- Accounts Receivable
- General Ledger
- Accounting Integration
- Inventory Tracking
- Billing & Invoicing
- Activity Tracking
- Forms Management
- Invoice Management
- Invoice Processing
- Access your Data on the Go
- Financial Reports
TallyPrime
TallyPrime is one of the leading business management solutions in the world, known for its accounting, stock control, reporting, and payroll features. With TallyPrime, you don’t need to pay extra for additional features, which makes it affordable for small and medium businesses. It is used by 2 million businesses worldwide.
TallyPrime Features
- Accounting
- Asset Management
- Audit Trail
- Banking Integration
- Barcode Integration
- Bonus, Loan & Advances Management
- Budgeting
- Customer Management
- Email Integration
- Financial Management
- HR & Payroll
- Inventory Management
- Investment
- Invoice
FreshBooks
FreshBooks offers simple cloud-based accounting software to help wholesale businesses grow smarter and faster. FreshBooks takes care of the financial health of your small business so you can focus on getting the best price for your wholesale goods. Get started today to send custom invoices, track your business expenses and accept online payments. With award-winning customer service, help is always just a quick email or phone call away. FreshBooks offers seamless integrations to track inventory, oversee your eCommerce store and manage payroll directly from your account. Time is valuable when you run a busy wholesale business. Sign up with FreshBooks accounting software to save an average of 16 hours each month.
FreshBooks is the perfect fit for a fast-paced wholesale company. It’s an all-in-one accounting software that manages all your bookkeeping needs, from creating professional invoices to managing cash flow and tracking time for you and your employees. FreshBooks offers seamless integration options so you can manage your inventory and payroll directly through your accounting software to save time. It does everything but moves goods for you.
The all-new FreshBooks now supports double-entry bookkeeping, to give you even more data about your business’s performance and insights about your growth potential. It can help you plan for your business’s future and save you time and money during tax season. You can even invite your accountant to collaborate on your FreshBooks account at no extra cost so they can access reports and analyze your business data. Watch your wholesale business grow faster than ever with advanced bookkeeping tools from FreshBooks.
Benefits of Using FreshBooks
Save Time for Your Wholesale Business:
You spend long days and evenings selling products to customers and ensuring your retail inventory is fully stocked. The last thing you want to do is balance the books at the end of the day. FreshBooks accounting software can help you achieve a better work-life balance by automating tasks that slow you down like organizing expenses and running financial reports.
Make Your Wholesale Business Look Professional:
Impress your customers and suppliers with customized invoices that are as professional as you are. FreshBooks accounting software helps you create invoices and estimates that reflect your wholesale business’s unique branding and personality. Create sleek documents and reports to ensure you always stand out from the crowd.
Invoicing Software and Time and Expense Tracking for Wholesale Businesses:
FreshBooks ensures you get paid faster for your sales and spend less time on your small business accounting. Create a customized invoice that reflects your branding in minutes. Add a personalized thank-you note and send your invoice directly from your account. FreshBooks offers all the accounting tools you need to easily manage your business finances, from automatic expense tracking that ties to your business bank account and credit card, to simplified time tracking tools for you and your team.
Recurring Invoices:
Invoicing isn’t your most important job task, but it’s crucial for keeping your wholesale business’s finances in order. Luckily, FreshBooks accounting management software makes the process quicker and easier with recurring invoicing. Send recurring bills to the customers you sell to regularly. You can create a recurring profile in a few clicks and FreshBooks will automatically send the invoices for you, freeing up time for more pressing tasks.
Late Payment Reminders:
Never let a missed payment slip away. With FreshBooks, you can automatically send late payment reminders to customers for overdue bills. Create custom messaging, set a schedule, and forget about it. Your clients receive polite late payment reminders and you don’t have to lift a finger. FreshBooks makes it easier to collect every dollar owed to your business.
Auto-Billing:
Make the billing process as simple as possible for your business and its customers. FreshBooks accounting software allows you to set up billing schedules so your clients can pay automatically and securely by credit card for your services, without having to think about it. Clients save time and your business gets the financial security of knowing exactly when payments come in. It’s a win-win.
Inventory Tracking:
Your company relies on a steady stock of products to keep customers happy and sales sky-high. FreshBooks integrates seamlessly with the BarCloud app for a sophisticated wholesale inventory management system. With an automated record-keeping program, you can say goodbye to time-consuming manual data entry systems and always know exactly what product is in stock and what’s needed to fill your orders.
Conclusion
Distribution businesses are a type of business setup that encompasses a number of different kinds of companies. The operations involve a number of suppliers and resellers. You might be targeting one end of the spectrum with wholesale products or the other end with retail goods. The point is that your business model will involve both parties.
Distribution is a way to distribute your products. A distribution business is a type of business organization that focuses on the distribution as its main source of revenue. There are many accounting software available for you as a distribution business, but the best one will be determined by your company characteristics and requirements from an accounting system.