Today, we’re introducing you to an exciting feature on Simplebks that’s sure to elevate your experience – “Product with Variants.“
What the Feature Means:
Product with Variants is a dynamic feature that allows you to manage different variations of a product or service under a single umbrella. Whether it’s different sizes, brands, category, colors, or any other attribute, this feature streamlines your inventory and provides a comprehensive view of your offerings.
Why It Is Important:
Managing a variety of products or services with distinct attributes can be a logistical challenge. Product with Variants simplifies this process, making it easier for you to keep track of your inventory, analyze sales data, and enhance the overall customer shopping experience. Here are the main importance of products with variant features in accounting software:
- Enables businesses to manage and track various versions or variations of products or services within a single system.
- Facilitates the handling of diverse product lines, accommodating different sizes, brands, categories, colors, specifications, or configurations.
- Provides a centralized platform for tracking inventory levels of each product variant.
- Optimizes inventory control, preventing overstocking or stockouts and ensuring accurate stock valuation.
- Allows for setting unique pricing structures and discounts for specific product variations.
- Enables businesses to implement targeted pricing strategies based on the characteristics and market demand of each product variant.
- Improves order processing and fulfillment, ensuring accurate invoicing and tracking of revenue generated from each variant.
How Simplebks Helps to Do the Feature:
Simplebks takes the complexity out of managing product variants. With a user-friendly interface and robust backend support, you can effortlessly create, edit, and monitor different variants, saving you time and ensuring accuracy in your inventory management.
Step-by-Step Guide:
- Step 1: Log in to your Simplebks account at www.simplebks.com.
- Step 2: Navigate to “Products & Services” on the sidebar.
- Step 3: Click on “Create Product Variant”.
- Step 4: Enter product details for the variant:
- Product Name: Specify the name of the product.
- Measurement: Indicate the unit of measurement.
- Variant Name: Define the specific variant.
- Qty in Stock: Enter the current quantity in stock.
- Selling Price: Set the selling price for the variant.
- Cost Price: Specify the cost price.
- Sku: It would be automatically generated from Simplebks.
- Step 5: To add more variants:
- Click on “Add Variant.”
- Step 6: Expand details with more fields:
- Click on “Add more fields.”
- Category: Choose where you want to place the product.
- Brand: Enter a distinguishing name for the product.
- Size and Color: Specify these attributes for the variant.
- Step 8: Set stock management parameters:
- Minimum Stock Level: Define the minimum quantity to avoid stockouts.
- Expiring Date: Enter the expiration date.
- Remind me Date: Set a reminder date.
- Step 9: Confirm the variant:
- Click on “Submit” to create the variant successfully.
Ready to unlock the full potential of Product with Variants on Simplebks? Our team is here to assist you! If you have any questions or would like a personalized walkthrough, book a meeting with one of our experts and discover how Simplebks accounting can revolutionize your product management.