ChainDrive Integrated Accounting and the Tri-Dimensional GL
Proper account management is a vital contributor to the prolonged success of any retail business. Staying on top of all of your accounts and transactions will keep your business productive and profitable. Chain businesses in particular have a large number of accounts, leases, invoices, and general transactions to monitor, so chain retailers should strongly consider investing in retail management tools with flexible options for proper account management. ChainDrive’s retail software package comes equipped with a powerful and diverse Integrated Accounting component that leverages the software system’s centralized database to allow data access and management options in real time.
The Accounting tool is built around the tri-dimensional GL, which helps retail professionals manage accounts on three separate levels. You can work from chain-wide all the way down to stores and departments. It will allow you to handle expense allocation in any way you see fit. You can set the system to take action on a monthly or otherwise regular basis, or you can make one-time moves.
This same tool also allows you to work with formulas that can help you determine proper expense allocation. You can base your decisions around a pre-defined percentage, sales data, or square footage. You have absolute control of where you want expenses to go, where you want to take them from, and when you want it to happen. Let the software help you determine the best way to go about it, and you’ll see improvements in no time!
The tri-dimensional GL is just one great feature of Integrated Accounting. This component also includes an advanced Lease Management module that helps handle all of your agreements and can even make automatic payments. It also has full Cash Audit capability. Get ChainDrive software and take control of your expenses with the strongest retail accounting tool on the market!