Auditing Is Easy With ChainDrive Integrated Accounting Software
Every retailer knows that auditing is one of the essential components of accounting. After all, if you cannot manage your assets and turn them into profit, the business suffers. That’s why ChainDrive has an Integrated Accounting component with the ability to audit cash transactions down to the last detail.
Not Just Point of Sale
Yes, you need to keep track of the numbers at the Point of Sale, but you also need to keep track of transactions in other ways. Seeing where your money is going and how much inventory you have invested in, and petty cash expenses is important, too. Are you charging enough for the products in your inventory? How easy is it to see deposits, daily sales figures, and other facets of your money flow?
The challenge increases when a retailer has expanded to multiple stores and channels. Can you see where your money is going? How much cash do you have on hand for projected expenditures? Accurate information from accounting helps you make important decisions to turn around a negative cash flow.
Integrated Accounting Software Increases Accuracy
ChainDrive has designed an integrated accounting software component that streamlines the auditing process and more. Here is a look at what’s in the toolbox:
- Fully-integrated “Retail-Centric” Accounting Systems leveraging our centralized database
- Multi-company capability, including seamless inventory management and expense allocation
- Rules-based commissions and incentives engine that feeds to your payroll provider
- Payroll Service Integration
- Integrated invoice matching, including drill-down to PO detail
- Powerful Retail Financial System with reporting available at three grouping levels
- Tri-dimensional GL structure, providing accountability by account, store, and department
- Automated Bank Reconciliation
- Automated cash audit and bank reconciliation, with complete drill-down functionality
- Robust accounting information system
- Centralized lease management and rent invoicing, including future liability projections
That’s the basic toolbox, and it is customizable for your needs. ChainDrive’s Integrated Accounting Software makes management tasks like auditing easy, so you can focus on your priorities.
