Retail Accounting

The Retail Quick Start Company Template gets you up and running on Microsoft Dynamics NAV with minimal setup on your part. Retail company template includes:

• Preconfigured setup tables
• Retail chart of accounts
• Prebuilt recurring journal entries to record DSRs if you do not choose to automate the interface with your POS system
• Prebuilt financial statements – profit and loss and balance sheets
• Utilities to import vendors, catering customers, and opening balances
• Customized menu for quick access to functions most used by retail stores
• All settings are easily changed to fit your unique needs.

• Generate financials by week, four week period, month, or any date range – even when different than previously defined accounting periods.
• Rapidly analyze revenue & cost of sales by Store, Manager, Product Line, etc.
• Report on Promotions, Coupons, Guest Counts, etc.
• Easily validate local cash draws and store purchases on credit.
• Allocate vendor bills that span accounting periods so the correct portion is booked to each related accounting period.
• These features are available with or without a Point of Sale (POS) back office system, and without expanding the G/L accounts.

• Avoid double keying data from each location into accounting.
• Seamlessly connect POS or POS back office systems with Microsoft Dynamics NAV accounting.
• Daily sales and purchase transactions automatically transferred to Dynamics NAV.
• Information from the POS can then be analyzed in detail or summary levels.

• Help reduce or prevent delayed deposits and cash theft.
• Electronically perform daily, weekly, and monthly reconciliation of each store’s sales reporting and bank deposits.
• Download from bank automatically reconciles store deposits, matches and clears them in the bank rec. if appropriate.
• Download from credit card processor automatically reconciles credit card settlements.
• Electronic bank statement files may include transactions that have not yet been financially recorded and posted. Our bank reconciliation module provides functionalities to process these transactions directly from statement files.
• Process bank fees and charges, generating the appropriate accounting entries.
• Process incoming electronic fund transfers from corporate customers or catered sales.
• Process automatic electronic payments to vendors.

• Track both gross franchisee store sales as well as franchisor net revenue (marketing, co-op fees).
• Automatically bill franchisees based on reported sales.
• For non-reporting franchisees, automatically estimate sales based on history, calculate and invoice franchisor fees, and accrue receivable.
• System reverses accrued receivable and bills actual franchise fees when actual sales are reported.