Streamline Processes With Integrated Retail Accounting
What is your accounting like today? Does the process of keeping track of all the numbers in your business flow smoothly or does it move in spurts? If your accounting isn’t automated appropriately and integrated effectively, it’s time to consider how ChainDrive Integrated Retail Accounting software can dynamically change your business for the better.
Without appropriate automation in accounting, processes must be done manually. Daily reports from various departments have to be compiled and sent to other departments at the end of the week, month, or whatever designated period has been appointed. Every step along the way holds the potential for error. Every step along the way takes time:
- Bank accounts need to be reconciled
- Sales need to be posted
- Deposits need to be cross-referenced and verified
- Invoices need to be matched to purchase orders and receiving documents
- Payments need to be made
- Cash audits need to be performed
- Commissions need to be figured and awarded
- Paycard information needs to be accurately sent to your payroll provider
The tools in ChainDrive Integrated Retail Accounting provide automation for these processes so that human error is reduced and time is saved. Take a look at what is possible and imagine how your accounting would change.
Automation only is a good idea when it is appropriate but it is a great idea when it is integrated effectively. Integration of your data in accounting enables things like lease management to be woven into your system so that rents are calculated and invoiced to the GL. With ChainDrive, advanced liability reporting can project a dozen years ahead so that plans and budgets are accurate. Expenses can be reallocated according to rules you create based on sales, square footage, or pre-defined percentage without waiting for reports to be compiled and sent to the office. Even multiple companies can seamlessly manage expense allocation and inventory because all the data is stored in one secure location for authorized use. Being in a secure and centralized database, integration is simply a matter of filtering and selecting the information for optimal use.
The result of appropriate automation and effective integration is a dynamic accounting functionality that is sophisticated and flexible but simple to use. The streamlined processes of ChainDrive Integrated Retail Accounting software keep your business functioning smoothly without the lags and spurts that were unavoidable with the old way of doing things.