Retail : Location USA – NetSourcing

The client had multiple requirements across accounting, inventory control and sales & purchase processes management.
Entry of purchase orders, matching of purchase orders with invoices, and storing of purchases related documentation.
Migration of accounting, inventory management and POS system from NetSuite to QuickBooks.
Formulating a new item list (along with item coding structure) for the new software.
Manage entire back-office from India including receivables, payables, bank and credit card reconciliation, payroll processing and general ledger maintenance from India
The firm sells on ecommerce sites such as Amazon, E-Bay & such ecommerce sites require:

Manual entry of daily/weekly/monthly sales in the accounting software such as QuickBooks or Net suite. Our sales processing team enters daily sales (consolidates or order wise), reconcile daily sales between both systems and sends regular reports.
Deposits Tracking – Ecommerce companies deal with hundreds of transactions every day & it’s important to track customer payments at order level against merchant account deposits. We keep an eagle eye on all such customer payments.