How Retail Accounting Software can save you hassle
Learning how to work with your budget and allocate expenses in a cost-efficient manner is fundamental to the success of your business. But sometimes crunching numbers with a calculator and a spreadsheet just doesn’t cut it. You’re bound to lose a lot of valuable time and build up unnecessary stress trying to get everything to work. That’s why Retail Accounting Software was developed. Its multiple functions and automated features are sure to take a load off of both your mind and your wallet.
The software has multi-company capability so that you can manage the expenses of multiple different locations. This gives you the widest possible view of your entire spending and helps you make informed and beneficial decisions regarding the allocation of money.
You can automate commissions and incentives for your workers by inputting rules of your own choice. The data will apply automatically and feed directly into the payroll process. This removes any discrepancies in pay bonuses and allows for a painless addition of specific rules.
Retail Accounting’s Lease Management function shows you lease information on all of your business locations and will alert you when a lease is up for renewal. It utilizes advanced formulas to calculate rent prices and integrates that information with the rest of your accounting.
The highly customizable software can show you data based on time, location or section. You can look at the accounting information for a specific day, in a specific department or at a single location. The tri-dimensional GL structure lets you control accountability by store, department or account and helps you decide how to allocate expenses based on sales performances.
Retail Accounting Software is a great second step to the Retail Analytics process – once you’ve found out the best options for maximizing profit and efficiency, you can use Accounting Software to make those changes happen quickly and accurately.