Integrated Accounting: ChainDrive’s expense handling solution
When you get down to it, little is more important in retail than the proper handling of expenses, and money in general. Accounts are such a crucial part of any business that most businesses have a team of full-time staff handling everything from budgeting and expense allocation to leases, employee payroll, and much more.
The important practice of analyzing your income and determining how it should be spent will make or break your business in the long run, so you are definitely going to want powerful tools and smart workers on your side. ChainDrive can help you with the first half – at least, our retail management software package has an Integrated Accounting program with all of the intuitive and complex features you will need to take your business to the next level.
The software’s tri-dimensional GL handles expense allocation on three separate levels and can be customized to perform automated functions and present data to you in meaningful ways. You can use it to allocate and re-allocate money to stores based on square footage, sales, or a pre-defined percentage that you have deemed most appropriate for your business. Support the stores that are struggling by balancing out across your various locations and focusing efforts on the ones that need it the most. Maintaining regular analysis of store performance will help you use this tool to its full potential.
The software also includes a handy Lease Management component that is designed to help you ensure that all payments on properties are made on time. You can set it up to alert you when a lease is up for renewal, and you can used it to make payments automatically. Additionally, this tool includes a forecasting component that projects the amount of money you will need to manage your leases for up to 12 years in the future. It’s perfect for helping you plan ahead!
These are just a few of the many ways in which ChainDrive’s Integrated Accounting software stands above its competitors. Check it out today!