Robust Integrated Accounting software
Retail professionals know very well how important it is to be able to accurately manage accounts. ChainDrive’s retail management software package includes an Integrated Accounting component that is fully connected to the centralized database and offers all of the actionable data and tools you need to oversee all of your accounts from the same central hub. You’ll be able to handle everything from commissions to bank reconciliation and more.
The Integrated Accounting component leverages a powerful tri-dimensional GL to give you control over your accounts on multiple levels. You can create rules for expense allocation that will be applied on a regular basis or just as a one-time action. The expense allocation tool can reallocate expenses based on things like sales, square footage, or a pre-defined percentage that you have determined to be most effective.
The software also handles lease management. You will be automatically alerted when a lease is nearing renewal time and you can use the software’s powerful formulas to determine how much you will owe. You can even project up to twelve years in the future to see how much money will be needed to cover your various leases. It’s a great way to stay on top of your leases without waiting until the last minute to sort things out.
You’ll also find a Commissions Engine that is great for handling employee compensation. It can handle complex sales incentives and much more. You can use either fixed or scaled rates to develop personal targets, store budgets, and chain-wide plans.
Use Integrated Accounting software for the most comprehensive money management in retail available!