Integrated Accounting Software for retailers
Almost any business you can think of will need some sort of accounting software to get their work done. Whether it be a simple calculator that they use in conjunction with spreadsheets to work with data, or a powerful system with multiple tools, successful business managers have plans for accounting in place. But retail business needs a special kind of accounting setup that can work on multiple levels. You need to be able to look at numbers by department, by store, and by chain. ChainDrive’s retail management software package uses a powerful Integrated Accounting tool to help managers gain control over their books with features designed with the retailer in mind.
The software’s Tri-Dimensional GL allows you to create rules for expense allocation that can be performed one time only, or on a weekly or even monthly basis. It can reallocate expenses to departments or entire stores based on sales, square footage, or a pre-defined percentage that you’ve determined to be most effective. GL helps you make sure all of your money is being spent wisely and that you’re turning the biggest profit that is possible.
Integrated Accounting is capable of functioning for multiple companies, and includes seamless inventory management between those different locations for the most accurate representation of everything that you manage. This is great for the manager working with multiple stores or chains.
Other features of ChainDrive’s accounting software include:
- Rules-based commissions and incentives engine that feeds directly into payroll
- Integrated invoice matching
- Automated cash audit and bank reconciliation, with complete drill-down capabilities
- Centralized lease management and rent invoicing, including predictions for future liability