5 Differences Between Point of Sale Software and Accounting Software

Every company must keep track of its revenues and expenses.

It is to ensure that the company’s expansion, well-being, and financial stability properly benefit all stakeholders.

Accounting software and point-of-sale (POS) systems are two of the most important financial management tools.

In a restaurant or retail setting, a POS system keeps track of sales and items.

An accounting program tracks bank account information, including deposits, withdrawals, interest earned and paid, and loans provided.

Let’s discuss the Point of Sale system

The point of sale is called the POS. It is the location of your company’s sales.

A POS system enables business owners to track all sales and accept client payments.

Their setup is determined by the needs of the business owners.

It could be a physical store, an internet business, or even both.

The cash registers in the store employ the Point of Sale (POS) system.

The POS system serves as the entirety of the digital procedure in the current situation.

You may examine your customers and traffic even when you are not at work.

Just the correct POS system app, a device, and an internet connection are required.

Let’s discuss the Accounting software

Accounting software allows you to manage all of your company’s bookkeeping and accounting tasks from a single app or program.

The accounting program allows you to save and access your company’s accounting, financial information, and transactions.

You may manage accounts payable, accounts receivable, invoicing, billing, estimating, balance sheet, trial balance, other transactions, financial reporting, payroll, bookkeeping, and everything else you have to do with accounting and bookkeeping with the help of accounting software.

Point of Sale VS Accounting software

Business management software, such as accounting software, and point of sale systems have some similarities and both are used in different markets by different companies, according to their needs.

The Point of Sales (POS) system will typically and best serve B2C businesses. Businesses and retail establishments can successfully manage walk-in consumers by using a POS system. They primarily sell things directly to customers and run brick-and-mortar businesses.

This does not imply that B2B uses POS systems less frequently than B2C or vice versa; because users of the POS system include B2B companies.

Additionally, Wholesale distribution organizations that need to operate with cash and have physical locations will use the POS system.

The usage of accounting software by small and also large organizations are very essential.

Accounting software controls and documents a company’s ongoing financial activities.

1. Inventory management –

POS systems can manage inventory more effectively with barcodes, but most accounting software does not support this feature.

The POS’s inventory management module will oversee total visibility and also the accountability of all inventory processes at the store level at all times.

From inventory transfers, store shortages, ordering and reordering, importing goods, price control, and more.

2. Inventory management and VAT enable software-

Most POS systems do not contain the reports and tools necessary to file the VAT.

However, the assets are heavily utilized for the VAT filing process with the aid of accounting software.

3. Expense management

With the help of accounting software, you may create, maintain, adjust, and also stick to budgets.

As you track your revenue over time, create a sufficient budget that is in line with your company’s objectives.


Additionally, accounting software gives precise real-time data, easy budgeting procedures, thorough reporting, and lower costs.

You can align your clients’ demands with an efficient budgeting tool or software, which also prevents overspending.

However, the POS system does not provide expense management. also, the POS system can not track the profit and expenses.

4. Accounting services and financial statements –

Trial balancing accounts payable and receivable, general ledger balancing, journal entries, bank reconciliations, chart of accounts, and accounts payable and also receivable all can manage with the accounting software which is not possible with the single piece POS.

5. Customer-facing Display Point of Sale

The customer-facing display is the primary feature of POS, it is not possible with accounting software.

A screen that confronts the consumer at the billing area displays information about the order quantity, the products requested, the total cost, and the type of delivery.

Additionally, Customers have a tremendous deal of transparency in the transaction thanks to the screens that are in front of them.

The POS software provided by Peniel Technology, Dubai, guarantees a quick and simple charging process with ongoing data synchronization.

Leading retail businesses in Dubai adopted the best POS software in the world.

Our products give standard functionalities in addition to being a very effective POS software UAE.

Additionally, these functionalities will allow you to manage your store conveniently & successfully.

The management of sales, purchases, inventories, dealers, staff, and also customers are among the essential capabilities.

Here are some core features of POS

• Sales monitoring and reporting
• Customization
• Cloud Solutions
• Employee management
• Multiple payment methods

5 Best Property Management Software for Small Landlords

 It’s all too easy for things to get overlooked when you own rental property and its management.

Minor mistakes like forgetting to schedule a repair or failing to make a rent payment can result in disgruntled renters and greater vacancy rates, which diminish cash flow and underperform the property.

What is property management software?

Property management software helps landlords and real estate agents keep track of leases, maintenance jobs, and tenants’ payments of rent and other obligations.

Both residential and commercial property management can be handled by it.

Here are a few property management software

1. Elate TMS/PMS

With more than a decade of real estate firm expertise and thousands of happy clients, Elate TMS is one of the market-leading property management software in the UAE and is a tried-and-true solution for large, small, and medium-sized real estate enterprises in Dubai.

It offers a dashboard function that lets you see how much space is utilized and also available.

By using the check-in and check-out options, you can keep track of tenant check-ins and check-outs while also reminding yourself of any contracts that are about to expire.

You may enter expenses using our program and generate reports for each unit, building, and renter.

Elate TMS is easy-to-use and also highly scalable software.

Our tenant management system Dubai is a powerful application that enables property agencies and agents to expand their business swiftly through hunting and handling perfect clients.

Our real estate software is purposefully created to market, systematize, and manage business processes flawlessly involved in the real estate industry.

It is extensive software that can commendably support your business and intend cost-effective solutions.

There is no need for pricey training because tenant management software in the UAE is simple to understand.

The tool is adaptable enough to meet all the current needs of property owners or landlords.

Our experts will address your issue and also guide you through the procedure.

In addition to this send us an email, use the chat feature, or phone us at your convenience using the support number.

We pledge to uphold global standards and provide comprehensive technical assistance throughout the issue to help you with your problems whenever they arise.

Features

1. Great Dashboard
2. Reminder to remind the expiring contract
3. Expense entry
4. Check in and check out the details of the tenant
5. Report.
6. Quick Search Option etc.

2. Avail

Software options for the do-it-yourself landlord are provided by Avail.

Additionally, To assist the small investor in becoming a competent and confident landlord, the organization provides a full suite of tools and educational materials.

The landlord software from Avail has two pricing tiers.

In addition to online rent payments, maintenance tracking, tenant screening, background checks, state-specific leases, and syndicated job ads, the Unlimited Plan covers an unlimited number of rental units.

Features

1. Online rent payments
2. Work order management
3. Tenant screening
4. Automatic listings

3. TenantCloud

For new owners, managers, and landlords with ranging from one to 500 units under control, TenantCloud is a good fit.

Additionally, the business provides a free end-to-end property management platform with all-in-one features in a free Basic Plan, which includes maintaining a record of rental information, sending and receiving rent payments, and managing maintenance.

Features:

1. Online rent payments
2. Work order management
3. Vendor payments

4. SimplifyEM

If you’re primarily searching for an accounting application for managing your properties, SimplifyEM is a great choice.

With some special features like payment reminders, SimplifyEM mostly facilitates tracking and also collecting rent.

Unlike other property management software programs, their free trial version of the software allows you to use the entire program for a short period of time without entering any sensitive data.

SimplifyEm, created by real estate experts, is the best option for landlords who need assistance managing a few properties but don’t want to pay the exorbitant cost of other software solutions.

It strikes the optimal mix between price and also features.

Each package comes with email and phone support, tracking of expenses and income, reports on tenant lease management and also renters insurance etc

With SimplifyEm, landlords can manage their rental properties quickly and easily while also saving time and money.

Additionally, It enables users to keep tabs on their earnings and outgoings, collect rent and rental application information online, screen potential tenants, produce and review owner reports, keep track of maintenance requests, save documents, and automate repetitive chores.

Due to its cloud-based nature, you can start using it right away.

Features

1. Robust accounting features
2. QuickBooks integration
3. Reminders
4. Automated rent payments

5. Yardi Breeze

With only a few web clicks, customers can manage their homes, tenants, and also finances.

However, Yardi Breeze stands out due to its special function that enables users to capture images immediately from a smart device and add them to a maintenance request made on an internet platform.

Previous users claim that the system is easy to comprehend. Still, even those who have trouble setting it up can get help from Yardi Breeze for free training and customer assistance to get their account set up and become familiar with the program.

Features

• Online rent collecting,
• rental applications,
• templates and addendums,
• maintenance requests,
• automated marketing,
• activity calendars with tasks,
• renters insurance,
• tenant communication options,
• workflow sheets

Note: Reference: Google.com, products are not listed according to ranking or number, they are just discussed with features.

10 Essential Cyber Security Concepts You Should Know

 What is Cyber Security?

Cyber Security is the defense against cyber threats to systems connected to the internet, including their hardware, software, and also data.

This method is used by both individuals and companies to stop unauthorized access to data centers and other digital systems.

What makes cybersecurity crucial?

The importance of cybersecurity is only going to increase as there are more people, devices, and programs in the modern company, along with an influx of more data, most of it sensitive or confidential.

Cyberattacks and attack methodologies are becoming more sophisticated and numerous, making it even more difficult to defend against them.

It’s crucial for corporate executives to keep abreast of new terminology and ideas in information security.

Cybercriminals are utilizing network flaws, complex application stacks, and inadequate monitoring as the remote business sector expands and endpoints become more dispersed.

Here are the top ten security ideas you should know about to deal with these evolving dangers.

Because the more information you have, the better equipped you’ll be to decide what security measures to take for your company.

What advantages does cybersecurity offer?

The advantages of putting cybersecurity procedures into place and sustaining them include:

• Protection for businesses from cyberattacks and data breaches.
• Network and data protection.
• Preventing access by unauthorized users.
• Quicker recovery from a breach.
• End-user and endpoint device security.
• Regulation observance.
• Company continuity
• Increased trust from stakeholders, customers, partners, developers, and also workers in the company’s reputation.

Here Are The Top 10 Terms Used in Security Operations:

Let’s discuss the Basic Concepts of Information Security

MSSP (Managed Security Service Provider) –

It is a particular type of Managed Service Provider that offers security service management, monitoring, and upkeep on a 24/7 basis, often for a fixed monthly fee.

Additionally, Monitoring firewalls, endpoint detection, and other cybersecurity technologies are a few instances of this.

APT (Advanced Persistent Threat)

It refers to an intruder’s capacity to remain present in the network continually.

The aim of a hacker is normally to remain hidden within the network for as long as feasible.

They do this to purchase time to gather information about clients, employees, intellectual property, and also about financial data.

DDoS (Distributed Denial of Service)

An IP address or source floods an online service with traffic, making it unusable.

As a deterrent, hackers use DDoS to disrupt business operations until they satisfy a condition, whether it is monetary or otherwise.

IOC (Indicator of Compromise)

Any information pointing to a network intrusion.

Normally, these are found through continuing log data analysis.

Additionally, unusual outgoing traffic, geographical anomalies, traffic from mismatched ports, and aberrant privileged user activity are examples of common IOCs.

SOC (Security Operations Center)

According to Cybersecurity experts, threat and incident response procedures, and auxiliary security technologies make a security operations center.

While many smaller organizations outsource their SOC, larger corporations often have one in-house as well.

CASB (Cloud Access Security Brokers)

These are agreements on policy between users and providers of cloud services.

In addition to this authentication, single sign-on, authorization, credential mapping, device profiling, encryption, tokenization, logging, alerting, and malware detection/prevention are examples of enforcement techniques frequently mentioned and extensively discussed in plans.

IAM (Identify Access Management)

Regulatory framework for the control of users’ electronic identities.

This is done in order to guarantee that each user has access at the right level for their IT infrastructure.

IR (Incident Response)

Incident response (IR) is the measures used to formulate for, detect, contain, and recover from a data breach.

What is an Incident Response Plan? An incident response plan is a document that sketches an organization’s procedures, steps, and also accountabilities of its incident response program.

This is done to lessen cybersecurity assaults, malware intrusions, and data breaches.

SIEM (Security Information and Event Management)

Security information and event management (SIEM) is a technology that aggregates and also analyzes activity from many different resources across your entire IT infrastructure.

A SIEM solution can build up your cyber security posture by giving you full, real-time visibility across your entire disrupted environment — whether on-premises, hybrid or cloud — as well as providing historical analysis.

SIEM solutions can also help you to escalate overall organizational resilience across a various array of tools and technologies.

UEBA (User and Entity Behavior Analytics)

This does an in-depth examination of user behavior to spot outliers.

This reduces noise during log sessions and aids in understanding user behavior.

Aside from these 10 concepts, there are other best practices for cybersecurity

Cyber security best practices include things like using caution when engaging in online activities, according to organizational standards and seeking help if you see something unusual.

An in-depth examination of the cybersecurity best practices for businesses that each employee should be aware of and follow are given below.

Defend your data

You probably avoid disclosing personal information like your Social Security number or credit card number when replying to an unwelcome email, phone call, text message, or instant message.

It’s important to exercise the same caution at work. Remember that scammers can create websites and email accounts that look legitimate.

Con artists are capable of forging caller ID data.

Hackers can even take control of business social media accounts, posting messages that appear to be from the organization.

Although it may seem obvious, it is crucial to protect the data, sensitive information, and intellectual property of your business.

Sharing a picture with a computer screen or whiteboard in the background could give away confidential information to someone who is not an organization employee.

Be cautious of the intellectual property of other businesses in the same manner.

Even if you unintentionally disclose or use the intellectual property or trade secrets of another company, you and your business could run into trouble.

You can do a lot to protect your employees, clients, and corporate data by developing and distributing company policies on subjects including how to properly dispose of outdated data and how to report suspicious emails or ransomware.

Safe Wifi

The wireless networks in offices must constantly be secured, encrypted, and untraceable.

You can utilize a virtual private network provided by your company to keep your data secure when working from home.

A virtual private network (VPN) is essential when working from home or while traveling for business. Using a public Wi-Fi network puts your data in danger of being hacked.

Keep in mind that certain VPNs are more secure than others. If your firm has a VPN, make sure you understand how to use it and connect to it.

If you use public WiFi, you can protect your personal information by using Secure VPN software.

Invest in Security Systems:

For smaller organizations, purchasing a high-quality security system can be prohibitively expensive.

This includes safeguards like antivirus and malware detection software, external hard drives for data backup, and regular system scans.

Employees and businesses may save money and time by investing now rather than waiting until something goes wrong.

Every device you use, both personally and professionally, should have security software installed.

Despite the value of safeguarding your company’s data, if you see anything suspicious you should get in touch with your IT department or information security manager.

The business could need to repair or fix the system if it has an issue. A problem should be notified as soon as possible.

In Dubai, Peniel Technology is a top provider of IT support and also a provider of  Cybersecurity systems & services.

Additionally, we offer the top IT solution and services required to keep your business running properly.

Our IT Products & services include

• Anti-Virus.
• Firewall Setup &Configuration.
• VPN Setup & Configuration
• Remote Access Setup
• Laptop repairing.
• MS Office Products.
• Printer & Cartridge refilling.
• Hardware & AMCs.
• Training & Supports
• IP Phones
• Barcode System & Thermal Printers etc.

Top ERP Companies in Dubai

 

What is ERP?

Enterprise resource planning (ERP) is a platform used by businesses to coordinate and manage the key elements of their operations.

Numerous ERP software programs are essential to businesses because they enable resource planning by integrating all the operations required to manage their operations into a single system.

ERP systems integrate all aspects of business management, such as

• Planning.
• Inventory or materials management.
• Engineering
• Order processing
• Manufacturing
• Accounting and finance
• Human resources

Let’s discuss the benefits of ERP

Efficiency

Increasing efficiency is the main objective of putting ERP software into practice.

With ERP, manual data entry is greatly reduced, and also repetitive tasks are eliminated.

Productivity

Moreover, ERP software will save you time by improving productivity.

Due to the automation of redundant processes, individuals will have more time to work on other important projects.

As a result of the solution’s simplicity, they will also be able to work more efficiently.

Information Integration –

The most significant advantage is the promotion of integration.

It does so because it can update data between related business functions and components.

Moreover, the people involved in a project work together to improve productivity.

Collaboration –

Another major advantage of using an Enterprise resource planning system is collaboration.

Collaboration between departments is critical to a manufacturing operation because it provides much more comprehensive visibility.

Since ERP systems use centralized and consistent data, departments can collaborate easily.

Scalability –

A structured Enterprise Resource Planning solution can gradually add new users and features.

When a company is ready to expand and continue to build, enterprise resource planning software will help.

Let’s have look at the top ERP Companies in Dubai

Penieltech (Elate ERP)

Penieltech is the provider of the Elate ERP in Dubai.

We offer incredibly flexible and also integrable software.

Any other third-party app is simple to integrate with our Elate ERP software.

You can acquire your bespoke software thanks to our customizable feature.

We offer ERP for manufacturing, HR and payroll, real estate, accounting, distribution, healthcare, education, hospitality, non-profit, and other industries.

We offer a solution that is simple to operate.

It doesn’t require much training to deploy and begin utilizing.

Offering a variety of ERP service support options is Peniel Technology.

The support team is on standby to answer any questions you may have.

In addition to the free setup, we also offer free ERP training.

You can schedule a demo with our specialists for the trial.

Oracle ERP

In Dubai, Oracle is a well-known provider of solutions.

Oracle doesn’t offer many customization choices in its software because they mainly concentrate on product-based solutions.

With its emphasis on large industrial enterprises, it properly supports their management.

Some Oracle functions include inventory and supply chain management, enterprise performance management, revenue recognition, accounting, order administration, compliance and governance, product lifecycle management, and financial close.

Sage

The ideal piece of software for small and medium-sized organizations is Sage 100 ERP.

It is employed for resource management and aids in inventory management.

The software immediately provides manufacturing and inventory management.

Distribution, accounting, manufacturing, customer relationship management, human resources, business intelligence, project management, and time management are just a few of the many modules of the program that handle the various facets of ERP’s.

Additionally, it gives users the option to construct financial statements and offers a wide variety of established templates from which to pick.

Additionally, the solution gives users access to the Sage 100 ERP cloud.

ERPNext

ERPNext UAE is an easy, powerful, and complete solution that is affordable and easy to use. It can be hosted on their servers or self-hosted by the user or even on mobile using the mobile app. It can be hosted on Cloud or Premise.

Also, it’s trusted by happy users in 150+ Countries. It supports over 30 languages and is a large ERP system that assists organizations to manage all kinds of business workflow with no trouble and effectively.

ERPNext is trusted by happy Users in 150+ Countries.

Among its many business verticals, ERPNext provides solutions for Manufacturing, Distribution, Retail, Services, Education, Health Care, Non-Profit, Agriculture, Hospitality, and more.

It supports small and also medium-sized businesses across the world.

ERPNext Dubai is ideal for budding Companies.

BitsSoft ERP

Since it began deploying Bits Soft ERP in the GCC 18 years ago, the company Beam IT Solution has a stellar track record of success.

Organizations have become more adaptable, scalable, and agile thanks to Bits Soft ERP.

If you’re looking for the best ERP software that supports VAT for your business, BitsSoft ERP should be at the top of your list.

Finance, trade, contracts, HRMS, manufacturing, CRM, and also real estate are just a few of its modules.

SAP ERP

The complete business resource solution is SAP ERP.

All of the necessary modules for a business’s operation are provided by the program.

Product lifecycle, supply chain, finance, human resource, and customer relationship management are all included in one piece of software.

It is possible to implement SAP ERP on a computer, in the cloud, or a hybrid environment depending on the situation.

It is coupled with various other programs to provide effective outcomes.

You can easily manage your entire organization with the aid of SAP ERP.

Regardless of the size of the firm, it is ideal and very scalable.

It changed to accommodate your growth.

Marg ERP9+

One of the most popular ERP systems in Dubai is Marg ERP9+.

All of the capabilities required for effective resource management in a firm are present in the program.

For small, medium-sized, and large-scale businesses, it is ideal.

Retailers, producers, distributors, and other types of companies can choose from a wide assortment of modules.

For easier access, it also offers consumers an Android app.

Some of the components you’ll discover in Marg ERP9+ include order management, touch POS, connectivity with eCommerce platforms, barcode scanning, and sales force automation.

Brainshere ERP Software

One of the most well-known providers of software solutions in the Middle East is Brainsphere IT solutions.

More than 500 firms in the Middle East have benefited from The Brainsphere’s services, and they have made a positive impression on their customers.

Regardless of the size of the firm, Brainsphere is a great alternative.

It is quite flexible and altered to fit changing business needs.

It increases operating efficiency, boosts customer happiness, keeps track of customers, and assists with follow-up when necessary.

Inventory management is extremely careful.

All firms have access to the consolidated framework for improved administration.

Note: All Above are not Ranking of any vendor, they are just discussed according to the features and all.