Audit Your Cash Transactions
Accounting principles are very important for any retail chain no matter what channels you operate in. If you cannot manage your assets and turn them into profit, you will go out of business. That’s why ChainDrive has an integrated accounting component.
One of the coolest features of the integrated accounting component is the ability to audit all of your point of sale transactions right down to the last detail.
And not just point of sale either, but also purchasing invoices. You can see where your money is going, how much inventory you are investing in, how much product you are selling, and whether or not you are charging enough for the products in your inventory. You can audit your POS transactions, examine petty cash expenses, glance at deposits and daily sales figures, and more.
Having the ability to audit your individual stores on the spot and see where your money is going, how much you have on hand, and your projected expenditures means you can make important decisions today to turn around a negative cash flow.
ChainDrive’s integrated accounting component also gives you the ability to
- Create rules for expense allocation
- Manage store leases
- Look at your commissions and bonus structure for all sales agents
- Reconcile your bank statements automatically
- And match invoices to purchase orders
Get a handle on your retail chain finances with our integrated accounting component.