ChainDrive’s Retail Accounting solution
Properly managing accounts in a retail business is a highly important yet somewhat daunting aspect of reaching new levels of success. You need to be aware of exactly how much of your expenses should be allocated to certain areas and what you have to set aside for leases and other concerns day in and day out. Thankfully, instead of relying on a mess of spreadsheets and calculations, you can look to ChainDrive’s retail management software for a thorough Retail Accounting solution. Our Accounting tool is fully integrated with the central database and provides you with all of the tools and flexibility you will need to properly oversee all of your accounts.
The software’s intuitive Tri-Dimensional GL allows you to handle expense allocation on three separate levels. You can allocate expenses to individual stores or even departments based on metrics like sales or a pre-defined percentage that you have deemed to be most beneficial for your business. Allocations can be performed on a regular basis such as monthly or they can be performed as a one-off event. Use this to effectively manage the money coming into your business so you can get the most out of it.
In addition to comprehensive expense allocation support, the Retail Accounting software tool has a Lease Management module that helps you stay on top of all of your rentals and contracts. You can set it up to automatically alert you when a lease is up for renewal and you can also use it to perform automatic payments so that you will never be late or short.
Get ChainDrive software and handle your accounts the right way!