Category: Integrated Accounting
One of the most important aspects of any retail operation is how you account for your finances. That includes sales, commissions, merchandise purchasing, overhead expenses, and everything else related to spending and profits. Some...
Accounting isn’t the glorified aspect of retail, but it is one of the most important parts of the whole. Marketing and customer service wear the crowns, but accounting makes it possible for them to...
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...
People make mistakes. This unfortunate reality can cost a retailer far too much when those mistakes are made in accounting. That’s why ChainDrive designed its Retail Accounting Software to be automated, integrated, and user-defined....
If you were to take an informal survey of retailers, lease mistakes will be one of the subjects to come up. Why? Because it is appallingly easy to miss something in complicated retail lease...
Today’s retailer cannot afford to miss any details in lease management. That’s why ChainDrive’s Integrated Accounting software includes a sophisticated component that centralizes all lease agreements and alerts on a per-store basis when each...
One of the advantages in utilizing an Integrated Retail Accounting software solution is that complicated commission structures can be accurately handled. A well-designed commissions and bonus engine is query-based, able to handle any combination of...
Back in the days before computers changed so much of our lives, accounting was not integrated because it was impossible. Ledgers were carefully filled with tallies and copied meticulously for safekeeping. Accounting departments were...
Mistakes in accounting can turn a profitable retail giant into a nightmare monster. Just ask Dave Lewis, the guy given the unenviable task of turning Tesco around after an accounting scandal rocked investors. While...
Selecting the best retail accounting software for a particular business is a challenge. The software must be able to adapt to changing situations, keep accurate records for strategic planning, and balance all the many...