Using paper and pen to track your business sales and expenses is that it is exhausting and requires you to do everything yourself.
Also, migrating to a bookkeeping software to track your sales and expenses as an SMB can also be daunting because the features are so broad, that they end up overwhelming you rather than helping you solve a problem.
Bookkeeping apps like Kippa and Dukka help you track customer payments, generate receipts, and even recover debts seamlessly. They also help you track inventory without you having to count manually.
This article highlights the benefits and drawbacks of both apps, and how they can help you run your business without having to sift through tedious data.
Who Needs Kippa or Dukka?
Running a successful business is not an easy task; businesses fail for various reasons every year. The most common reason for businesses packing up is running out of funds.
The truth is you can’t tell if you’re losing money or raking in profits if you’re not recording and monitoring your sales and expenses. Also, using paper and pen to track inventory levels, issue receipts, and record sales can be error-prone; some data may slip through the cracks.
Bookkeeping software like Kippa and Dukka enable you to monitor your sales and analyze them to determine whether you are making a profit or loss. You can then use this data to boost your revenue by optimizing your sales channel, pricing, customer experience, and others.
So, if you own a business or provide services as a freelancer or contractor, you need bookkeeping apps like Dukka and Kippa to keep track of your expenses and sales seamlessly.
Kippa vs Dukka: Receiving and Tracking Payments
Kippa and Dukka both let you track and receive payments from customers. They also help you in stock management, so you know what is left in your inventory and what needs to be restocked.
Although both apps offer very similar services, their approach is a bit different.
What Can I Do With Kippa?
Kippa is banking and bookkeeping software that enables you to run a smooth business whether you’re looking to start or grow your business.
Kippa provides you with all of the features you need to run your business smoothly from start to scale-up. For example, you can register your business, get a Tax ID, open a business account, and monitor your sales and inventory.
A bonus of using Kippa is that it helps you easily recover loans by sending automated debt reminders to your customers.
What Does Dukka Do?
Dukka is a bookkeeping app that enables you to see where your revenue and sales are coming from. When you use Dukka, you don’t have to deal with complex bookkeeping systems; it allows you to see your business performance at a glance.
Dukka vs Kippa: Sign Up and Requirements
Registering on both Kippa and Dukka is quite easy. The only thing you need to sign up for both Dukka and Kippa is a business and a phone number.
Yes, your business doesn’t have to be registered; although it’s advisable to register your business for several reasons.
Go to the Kippa website and then choose “Get App”, it will redirect you to your app store (Android or iOS). Alternatively, you can search for “Kippa” in your mobile app store and download it directly.
Next, open the app, sign up with your phone number and verify you own it. After that, enter your business information such as its name, niche, registration number (if you have it), and others.
Signing up on Dukka is also seamless, download the app, sign up with your phone number or email, then enter your business information.
After that, you can add your inventory and you’re ready to go. You could also sync your Whatsapp so you can easily send digital receipts and invoices to your customers.
Invoicing is the least enjoyable aspect of running a business, but it is important. They are a time-stamped record of your transaction with your customer.
Invoices serve as proof of the services or products you provided. Dukka and Kippa both allow you to create professional smart invoices.
So, once a customer orders from you or you complete services for a client, you can generate an invoice on both Dukka and Kippa to request payment. Aside from being evidence of payment, invoices are also very efficient ways to track your sales and inventory.
Another major benefit of using Dukka or Kippa to generate invoices is that your records are securely saved to the cloud, allowing you to access them whenever you need to.
Both platforms’ smart invoices are also very flexible; you can create them and send them to your customers via email or messaging apps such as Whatsapp.
Which Is Better for Tracking My Business Performance: Kippa or Dukka?
Monitoring your business analytics is pretty simple with Dukka and Kippa dashboards.
You can assess the growth and health of your business from a single glance at your business performance dashboard. The business performance dashboard features the number of sales you made, and your expenses.
These apps can also help you keep track of your inventory. When you enter the items you’ve stocked in your inventory on Dukka or Kippa, they automatically deduct them from your storage when you make a sale and tell you how many units are left in your inventory.
These will help you know the items you need to restock and the ones you have in abundance.
You can also track your outgoing payments with both platforms. For example, delivery fees, utility bills, new stock, and more.
Both Dukka and Kippa dashboards tell you if you’ve made a profit or loss in a given period based on the data from your outgoing and incoming payments.
You don’t have to go through the misery of manually adding and subtracting your expenses from your sales to figure out whether you’re making a profit or losing money; it’s automated.
You also don’t have to deal with the hassle of manually calculating your tax; both Dukka and Kippa enable you in sorting your tax by calculating it from your revenue.
Dukka vs Kippa: Features
As an entrepreneur, having a separate business account from your personal account allows you to easily track the income generated by your business. It also keeps your business revenue separate from your personal funds.
Also, when your customers see your company name on the account they are paying to, it demonstrates your professionalism and helps build customer trust.
Only Kippa currently allows you to create a business account in its app, though Dukka claims to be working on it.
As a new business owner, you can easily register with CAC using Kippa.
The registration process is straightforward: pay the registration fee, enter your business details and upload your valid government ID. Kippa business registration takes 5 business days maximum and costs only N15,000.
Dukka doesn’t have this feature yet.
The new Kippa product, Kippapay enables you to collect offline payments from customers with their cards. The Kippa POS terminal is free, though service and maintenance fees may apply from time to time.
You could also register as a Kippapay agent to receive a free POS terminal and earn extra cash by helping people process payments.
Dukka allows you to add new items to inventory by scanning their unique bar code. After scanning the code for products, you’d have to add their prices.
At checkout, bar codes make it incredibly easy to record sales and adjust inventory. Once you scan a product’s barcode at checkout, it detects its price and removes it from inventory, updating your sales record and inventory levels automatically.
Custom Payment Link and Website
Kippa’s currently working on creating shareable links that host your retail/e-commerce store.
Bottom Line: Dukka or Kippa?
Kippa provides you with the resources you need to start your business and track its health and progress using your smartphone.
Dukka, on the other hand, is still relatively new, but its bookkeeping features are very simple, allowing you to easily visualize your business performance and optimize it for growth.