Who said: "There's no accounting for style?"

When it comes to Accounting for the Fashion Industry, there are very few business systems that really nail the way Business Owners and Managers deal with the unique aspects of their stock in trade.

Many systems are "bolt-on" after-market modules that merely add Colour and Size attributes to each existing inventory items. This method is only useful to retailers that sell single quantities of each garment or shoe.

However, when it comes to wholesalers that sell many quantities of each Style in various combinations of colour and size, only a Matrix type Accounting System like, Axsapt Matrix or Noble Matrix can handle rapid data entry and logical invoices and reports.

In the above image, each Style item is represented in a Matrix or Grid with the Colours along the left hand side and the Sizes along the top. With Axsapt Matrix there are up to 30 sizes and an unlimited number of colours able to be assigned to each product.

When selecting an Accounting System for the Fashion Industry, make sure that all essential sales and stock reports are also represented in the easy to read Style/Colour/Size Matrix. And if you are dealing with Electronic Data Interchange ("EDI") or Retailers that will sell your products through their Point of Sale Systems, ensure your Matrix accounting system allows you to assign a unique barcode to each combination of colour and size.

More information: Axsapt