All the features you need to successfully manage your business anytime, from anywhere. RetailBasics cloud hosted, all-in-one solution organises your business from your office, from your retail counter, or on the go.
Capture all of your trading figures from your stand-alone registers or have them pulled in automatically from your integrated Point of Sale systems. Account for cash outlays, including wage payments, as part of your end-of-day reconciliation, giving you clear visibility of gross and net takings. Details of moneys received and spent pass seamlessly to the back-end as bookkeeping records; there's no need to enter them manually into your accounting software. And because RetailBasics supports multiple outlets per business, our Profit and Loss reporting details income and expenses recorded for each trading day at both a whole-of-business level as well as being shown on a per-outlet basis.
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RetailBasics makes importing bank transactions for reconciliation with your expenses (including wage payments), outstanding bills and superannuation payments. RetailBasics will automatically reconcile bank deposits with received amounts from trading and with any outstanding customer invoices. As you enter customer and supplier invoices, wage payment details associated with Pay Period finalisation, or super payment details, RetailBasics will also match and link these amounts with unreconciled bank transactions.
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RetailBasics integrates with leading Cloud-Hosted Point of Sale systems to ease the burden of capturing trading figures and ensure accurate data capture. Accounting records are kept up to date as POS data is automatically retrieved, and transfers between Point of Sale holding accounts and your bank accounts are automatically created as required. Product details can be entered via RetailBasics, taking advantage of barcode scanning and our integration with international barcode databases to make product creation simple, and the POS product database will be updated instantly as you create or modify product records.
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RetailBasics makes preparing your quarterly BAS returns a breeze, generating on-demand a simple summary of all amounts matched to ATO BAS fields. GST and GST exempt sales are called out, as are capital versus non-capital purchases. Wage payments and PAYG withholding amounts are summarised on the same output report. And so that you have complete visibility of how the summarised amounts were arrived at, the BAS report also shows line-by-line breakdowns of each expense or income category, giving you ultimate confidence in data accuracy before submitting your return to the ATO.
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RetailBasics gives you all the tools you need to manage your retail product inventory. From product detail capture via simple, intuitive data entry screens, to barcode lookups against international databases and synchronising product details with your favourite POS systems, RetailBasics takes the tedium out of product management. RetailBasics also makes generating restocking orders simple, with a pick list of products filtered by supplier to choose from with a simple tick, and default order quantities prefilled for individual products. When you're satisfied, hit the Submit button and your order will be emailed directly to your supplier's inbox.
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Payroll management is a breeze with RetailBasics. Separate employee rosters for each outlet can be setup to pre-populate expected hours of work at different rates - including penalty rates - for all of your employees, whether casual, part time or full time, taking account of approved leave. And if things change on the day, the same form that you use to manage your trading details lets you make ad-hoc changes to hours worked, including adding unrostered workers, and accounting for any unplanned absences. And if you prefer to pay your casual workers in cash on the day, RetailBasics will adjust your net figures for the day and reflect these payments in the summary for the pay period as well.
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Unless you're a bookkeeper, you probably prefer to run your business than to take care of the books! Fortunately, with its auto reconciliation features and flow through of information from every income and expense transaction into the ledger, RetailBasics take the hard work and tedium out of managing your accounts. And RetailBasics comprehensive accounting reports give you and your accountant the visibility you need of profit and loss to compare business performance over time and to keep track of your expenses as a percentage of income.
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RetailBasics takes care of your superannuation calculations and reporting obligations as part of our simple to use payroll management feature set, included at no extra cost in every RetailBasics subscription package. We make it easy to get your super payments right, record obligations and payments in your accounts, then make sure that your payments are automatically reconciled to bank transactions.
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Customer invoicing couldn't be easier than when it's managed by RetailBasics. With a single simple form, you can find you customer's details and add items from your product inventory, then generate and send the invoice via email. RetailBasics bank transaction reconciliation feature will keep track of payments made against invoices, and automatically generate and send reminder notices at the custom intervals you specify. And, as with any income item, entire invoice values, or line-by-line values, can be allocated to any of your retail outlets, giving you a complete picture of each outlet's sales performance.
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RetailBasics takes care of your inventory needs with simple to use features for product order receipting and stocktaking. And RetailBasic's product and inventory integrations with leading Point of Sale systems mean you can be sure that stock levels in your POS system are updated as soon as new stock is received. With support for barcode scanning and inbuilt understanding of both individual products and bulk packages, accurate and up-to-date inventory management is assured.
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