Inventory Management

Inventory, inside SOFIA

Inventory Management is for businesses that buy and sell products and need to know, in real time, the stock they have in their stores. Purchases are entered or imported through Excel or A.I. platforms and the stock is updated automatically with the correct unit cost. Create sales invoices and the stock is deducted automatically, with the accounting transactions created instantly.

All transactions keep you compliant with Cyprus VAT — all inside SOFIA. Prepare proposals, orders and delivery notes seamlessly without entering the items again. Go from proposal to order to invoice in an instant.

Who it’s for

Inventory Management suits Cypriot businesses that need to keep track of their products, and tradespeople that need stock control. If your invoicing currently lives in a word processor and your VAT is added manually, this removes both the effort and the risk of getting it wrong.

In practice

You issue an invoice. VAT is applied at the correct rate automatically, the invoice posts to the ledger as you send it, and it appears on your outstanding list until it is paid. It also deducts the quantity and cost from your stock.

When you run your VAT return, the figures are already there — because the invoice and the accounts were never two separate things.