Why small business retailers no longer need to pay for a stock take

The annual stock take in retail businesses has been a thing of the past for years. While plenty of shops run stock take sales, there is no need for the annual count that the sale is supposed to make easier.

The ATO agrees that a business does not have to do a stock take as long as it consistently follows structured business processes that track all incoming and outgoing stock and that there are scheduled checks to ensure the accuracy of stock on hand data.

There was a time when small business retailers would have to bring in external stock takes and pay hefty fees for counting, sometimes needing to be closed while this was done.

Today, however, with good POS software and good business practices the business can provide a stock listing that meets ATO reporting requirements and saves the business that end of financial year time soak.

Tower Systems can help small business retailers with the software and the business processes that support the software in its accurate and timely use.

Following the businesses processes we train small business retailers on also helps reduce dead stock and cut other costs businesses find when stock is not managed professionally.

Tracking goods as they come in and are returned or sold is an effective part of a stock take. As is an ad-hoc stock take of part of the business. These and other tools in ur software make it easy for a retail business to be able to produce an accurate stock on hand list in a format required by the ATO.

For our customers who li certainty of a stock take we have excellent facilities in the core of the software for achieving this. We make it easy and certain. We do it in a way that any retail employee can participate in undertaking a stock take. Plus we do it so that the business can trade while the stock take is under way.

No matter how you approach ensuring stock on hand data is accurate, Tower Systems is able to help any small business retailer … save time, save money and feed better business decisions.

RETAILER SUPPLIER RELATIONSHIPS VITAL TO POS SOFTWARE SUCCESS

With the growing number of retailer supplier relationships passing through our POS software, we can see the value of these increasing in the businesses run by our customers.

Whereas for years the electronic data flow was about invoices, now it is about much more. We are grateful to suppliers for working with us to deliver more value to retailers.

From small wholesalers to large, suppliers are keen to help independent small business retailers improve productivity, data accuracy and other commercial outcomes as they know from these achievements will flow more commercially valuable relationships.

We bring a better understanding that other POS software companies to these discussions as we are retailers too on many years standing. We are able to bring a practical element to the consideration, to help suppliers better understand the value to their businesses of engaging beyond electronic invoices and stock files.

In the last two weeks we have been able to participate in several meetings with key suppliers that will take relationships a step further and thereby help drive more value for our customers.

The strategic work we are doing with suppliers is differentiating for us in several retail channels. We are excited for the enhancements coming.

Changing our approach to advising new stock files

We no longer publish here new stock files available to customers. We have made this move for competitive reasons.

There are some files that give us a competitive advantage that is better protected by not publishing details here.

We publish to our customers details of new stock files via secure direct email communication that includes a link directly to each file tested and available online for our customers.

This change not only protect our IP it also helps our customers leverage their competitive advantage through their relationship with us.

New POS software stock files available

Tower Systems has tested and loaded the following stock files for its customers:

New stock files for POS software users

Reminder: our team tested and loaded new stock files for for retailers using our POS software.

New stock files for Tower Systems POS software users

Tower Systems has tested and loaded the following stock files to its website for use by retailers using its Point of Sale software:

New POS software files for retailers now available

We have tested and loaded the following stock files to the downloads area of our website for retailers using our POS software.

  1. Collins Debden Diaries 2015
  2. Artwrap September 2014
  3. Browntrout August 2014
  4. Andrews McMeel Calendars 2015
  5. Stylesetter September 2014
  6. Hallmark September 2014
  7. Henderson Greetings September 2014
  8. hiPP September 2014

Our customers can use these files with confidence.