Streamlined chart of accounts view
RetailBasics' built-in retail accounting system provides a straightforward, easy-to-understand Chart of Accounts view, displaying all of your accounts and their current balances.
RetailBasics advanced features make life easy for your book keeper and your accountant, and you don't have to pay any extra for their sign in accounts. As a comprehensive accounting system for retail business, RetailBasics ensures smooth financial management.
RetailBasics' built-in retail accounting system provides a straightforward, easy-to-understand Chart of Accounts view, displaying all of your accounts and their current balances.
All RetailBasics reports can be filtered and customised to suit your needs or the needs of your accountant. This includes refining your financial accounting management system records and ledger view down to specified accounts, date ranges, amounts, transaction types (invoices, wage payments, superannuation payments, expenditures, etc.). Data can be presented in list or spreadsheet form, and can be exported in multiple file formats.
RetailBasics presents P&L data for any date range you specify, showing actuals and percentage of sales income for the specified period as well as compared with a previous period. With this retail bookkeeping software, you can easily track business performance over time with comparison deltas in dollars and percentage terms.
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Get StartedThe accounting software for retail shop you choose must be able to handle multiple rates of pay for your staff, reflecting casual staff loadings, overtime rates, and penalty rates for weekends and public holidays. RetailBasics lets you define up to four different hourly rates for each of your employees, which you can assign to their rostered hours or apply when submitting trading day data.
Certainly! As a financial accounting management system, RetailBasics accurately calculates and withholds taxes, and keeps track of accrued superannuation owing so that you can report the correct super payments to your employees' various super funds, or your super payment service. And when it's time to reconcile super and tax paid, RetailBasics will recognise both and create the necessary accounting records automatically.
Absolutely! When you are ready to do a pay run, RetailBasics will generate a detailed pay summary for each employee. This accounting software for small retail business provides comprehensive details, including total earnings, hours worked at different rates, tax withheld, and superannuation contributions. The summary is then sent as a PDF to employees automatically.
Where most accounting software for retail shop solutions and payroll systems require backfilling hours and absences at the end of each pay period, RetailBasics captures this data daily. Every time a trading day record is created at one of your retail outlets, rostered hours for each employee are added automatically, which you can adjust if necessary.
RetailBasics is equipped with all relevant Federal and State leave obligations and accrual rules. This retail bookkeeping software ensures that all employee entitlements to various types of leave are accounted for when calculating accrued balances. Payslips reflect leave accrued, leave used, and balances available. Payroll reports can be filtered by employee, leave type, or date period, providing a detailed overview of leave management.