Streamlined chart of accounts view
RetailBasics' built in Chart of Accounts view provides a straightforward, easy to understand view of 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.
RetailBasics' built in Chart of Accounts view provides a straightforward, easy to understand view of 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 being able to refine your accounting 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 will present you with 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, complete with comparison deltas expressed in dollars and percentage terms, so you can easily see how your business performance is tracking over time.
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Get StartedThe retail business management system 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! 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 at the end of each pay period, RetailBasics will generate the appropriate pay period summary for each of your employees, detailing total earnings, hours worked at each hourly rate, leave taken of all types, tax withheld and superannuation contributions to be made on their behalf. All of this will be wrapped up into an easy-to-understand pay summary PDF and emailed to each employee automatically.
Where most retail management systems, accounting software solutions and even dedicated payroll systems will expect you to backfill hours worked at various rates and absences recorded at the end of each pay period, RetailBasics is capturing this data every day in the normal course of running your business. Every time you create a trading day record at one of your retail outlets in RetailBasics, rostered hours for each employee are added automatically. You can choose to accept these, or alter them to reflect actual hours worked if needed.
RetailBasics is armed with all relevant Federal and State leave obligations and accrual rules, meaning you can be sure that all employee entitlements to various types of leave are taken into account when calculating accrued leave and balances. The payslips generated at the end of each pay period reflect leave accrued to date for the current financial year, leave used to date for the year and any take for the period, and balances available for each leave type. And you'll be able to see all of this detail in the payroll reports, which can be filtered by employee, leave type, date period, or any combination of other criteria as well.