PayTraq Blog

A Cloud-based Business Suite

Supply Сhain Management. Arranging Your Sales & Procurements

Depending on the requirements and specifics of your business, PayTraq offers a variety of options for your sales and procurements arrangement and planning. You can choose an option according to your specific business process or take advantage of its modified versions.

Below are some of the most commonly used sales and purchases workflows.

1) Sales if the product is in stock

(Sales Order) -> Invoice to Customer -> Outgoing Shipment

It is used to sell products which are available in stock.
The easiest and the most common way for selling a product is when the sales order is created, based on which then an invoice is issued.

An outgoing shipment from the warehouse is generated in the program automatically when the invoice is posted.

A simplified alternative of this workflow is when the invoice is issued right away, without the sales order being created.

For advance payment sales, a proforma

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Posted in automation, business, warehousing, PayTraq U

Advantages of Comprehensive Business Processes Automation

As technology and web apps become more advanced, business process automation, previously used only by large enterprises, is now available for small businesses as well. Unfortunately, a lot of people are unaware of many of the advantages of a complex approach to business process automation and never get a chance to benefit from them.

Automated billing is among users’ favorites. Undoubtedly, replacing Word or Excel with web-based services is a better and smarter solution which saves a lot of time. Professional design of generated documents, organized lists of issued bills with instant search option, clear information of who owes what, periodic billing, automatic invoice e-mailing, notifications about past due payments, as well as the possibilities for receiving online payments are what automated billing is all about, and that's why it increases performance compared to manual billing in text editors or spreadsheets. But this is just one business process.

By automating

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Posted in business, accounting, cloud, invoicing, automation

PayTraq Multi-Language Support

Do you know that PayTraq can be used in many languages? Users can view the accounting software interface in the chosen language in just one click.

With PayTraq, you can send invoices (orders, proformas, packing lists, etc.) in national language to your local customers and in English to your international customers.

Every country has its own localized version of the service. Chart of accounts, financial statements and tax reports are provided in the local language by default.

Currently we are adding a new feature specifically designed for businesses from non-english speaking countries - support for financial statements in English.

While most accounting programs support only one language, imagine you get a foreign partner who wants to see a standard set of financial statements of your company, such as balance sheet, profit and loss statement, and cash flow statement. This is when your accountant has to become a translator for a

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Posted in accounting, Financial statements, business, financial analysis, updates

Online payments options for your invoices. A special offer for PayTraq clients from Swipe Gateway

The benefits of the online payments options for your invoices were described in details earlier, so we would like to just remind you what the key points were.

By enabling the option to accept online payments straight from the online invoice link you give your clients the way to pay instantly and with ease. The more payment options you display on your invoices, the higher the chances your customers will pay you on time.

Statistically, by offering the option to pay online the invoices are paid twice as fast as those without it.

Accepting online payments is great for companies working with international clients. It helps to avoid waiting for international wire transfer.

It's worth mentioning that the number of corporate credit cards has been growing. So the client can pay using the card’s available credit, which comes in handy when there are not enough funds in the current

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Posted in business, online payments, invoicing

A new release of PayTraq Mobile App

We are excited to announce that the new major release of PayTraq Mobile is available for download from the iTunes App Store and Google Play Store.

The app has been completely redesigned from scratch and now has a new and fresh look and feel. We have improved the overall user experience and made the UI more clean and understandable.

The main goal of the App is still the same - to let you get a clear picture of your business while you’re on the go. The application provides convenient access to the major business data including sales, purchases, expense claims, contacts and products. Activity Stream and Notifications will give you a quick view to all business activities at a glance.

Mobile POS

Mobile POS has also been redesigned to make the overall process more straightforward and simple and of course it's still an easy way to create sales orders

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Posted in updates, mobile, ios, android