Is weekly MSA reporting crucial for your vape business?
All tobacco businesses across the United States are obligated to prepare and submit MSA reports to tobacco manufacturers. Regardless of the type of tobacco stocks and products, wholesalers, and distributors need to file the reporting for proper tax compliance. GuruERP by The GuruWay is an easy and quick MSA analytics software to be integrated into your existing accounting and distribution software. This software helps to prepare sales reports, and inventory reports in the prescribed file formats. The software is smart enough to enable the users to get data access from multiple platforms to a centralized system location.
Generate e-sales reporting for manufacturers
It is essential to prepare sales reports for manufacturers of tobacco products for accurate tax filing and refunds. Therefore, you need to submit a report on a weekly basis to the supplier or manufacturer of vapes, cigarettes, and dry herbs. ERP is a valuable system that can help you prepare reports electronically for reporting sales and inventory counts to manufacturers. It turns the manual process of data transmission into faster MSA performance reporting. Thus, using the system ensures to have precise and punctual data sharing with the manufacturers.
Standardized reporting format
Reporting sales and inventory data to manufacturers with the wrong file format is likely to be prone to errors. Thus, you need to use the correct file format for preparing MSA reports. ERP provides you with an accurate and standardized reporting format that you can download directly into your system. The standardization MSA reporting software ensures that your data is saved in a consistent file format. Hence, it makes it easier for manufacturers to process and analyze the data. That’s why ERP is recommended as the best MSA monitoring tools to deliver error-free reporting and tracking of data. Tobacco businesses can file accurate and faster reporting using the right format.
Get in-depth analysis
MSA performance reporting delivered by Enterprise Resource Planning (ERP) uses the data composed in files to conduct in-depth analysis. It tracks sales, inventory, and invoices for the tobacco business to provide valuable insights into customer behavior, market trends, and product performance. Thus, the system can generate an automated report by analyzing such data to give you valuable insights. Using the results depicted by the system can help you to make well-informed decisions about your business. You can track individual performance of products to increase or decrease the supply for your tobacco business.
Embrace potential cost savings
As a distributor of tobacco products, if you are meeting the sales quotas given by manufacturers, you can get a fiscal advantage of rebates. The MSA analytics software helps manufacturers to track the sales data every week which enables them to analyze tobacco distribution to different brands. Also, the distributors who file MSA reports to distributors can allow their retailers to participate in trade programs to get rebates for tobacco and vape products. However non-reporting distributors cannot include their retailers in the trade programs to get leverage on cost savings with rebates.
