ChainDrive’s Retail Accounting Software
Retail businesses must be able to manage their accounts effectively and accurately just as any other business. In fact, retail managers are tasked with handling more complex accounts because of the various aspects of their business that require expense consideration and so on. That’s why you’re going to need more than just a calculator and Excel spreadsheet if you’re going to tackle account management on the retail level. ChainDrive’s retail management solution is a software system with various components designed to assist you in different areas of work. Its Integrated Accounting tool gives you the ability to manage accounts on multiple levels and streamline tasks related to money management.
The software uses a tri-dimensional GL to let you look at and take action on accounts on multiple levels. This is especially effective for retail chains because it allows you to look at the big picture before analyzing things on a store-by-store or department-by-department basis. Having flexibility in your GL will let you come up with the right expense allocation methodologies for proper money management. You can allocate expenses based on sales, square footage, or a pre-defined percentage that you have deemed to be appropriate.
Integrated Accounting also includes a sophisticated Lease Management tool that automates many of the duties related to handling your leases. You will be automatically notified when leases are up for renewal, and you can use the software’s powerful formulas to discern exactly how much you owe on a given lease. It can even project liability for up to twelve years in advance to give you a heads-up on how much money you’ll need to save for leases.
Use ChainDrive’s Retail Accounting software and make the most out of your money!