Use ChainDrive’s Integrated Accounting Software
One of the retail manager’s most important and laborious tasks is managing accounts. Whether you operate a chain of stores, multiple banners, or a single retail location, the weight falls on your shoulders to ensure that all expenses coming in and going out are accurately reflected in the books and that you are using your money to its best advantage. Doing this is going to take more than a calculator and an Excel spreadsheet. Get rid of your confusing graphs and spreadsheets and choose ChainDrive’s retail management software package to help you with your accounts. Its Integrated Accounting component is built to offer you the dynamic controls and retail-centric methodologies to help you succeed.
Using the software’s tri-dimensional GL offers you the flexibility to create expense allocations on multiple levels that can be applied at regular intervals or even as a one-time action. This will give you access to the various sectors of your business and allow you to move money around in a way that benefits you most. It’s a flexible and dynamic tool that can handle expense allocations of all kinds. You may want to allocate by department, by store, or you may want to set expense rules that automatically decide how much money should be allocated to a certain location based on its sales, square footage, or a pre-defined percentage. Experimenting with expense allocation may seem scary, but it could be the best way to find out what really works for your business.
The software also includes a Lease Management feature built to help you keep on top of all of your property rentals and more. It includes automatic invoicing, alerts for when elases are about to be up for renewal, and future projections to show you much money needs to be set aside for lease payments and so on.
Use Integrated Accounting and allocate expenses the smart way!