Retail bookkeeping programs9/2/2023 You require accuracy, but you also want to collect and process receivables in the most timely and efficient way possible. If you operate in-house charge accounts, you know that your receivables can represent a significant asset on your balance sheet. Streamline your retail accounts receivable transaction processing, reduce credit risk, and effectively manage your customer account balances. Processing payables can be a tedious and time-consuming task, but a well-managed process can lead to significant improvements in cash flow. How well a retail company manages its accounts payment processing affects both its cash flow and its supplier relationships. The general ledger allows you to easily create and modify your chart of accounts, create financial statements and reports, and better understand your financial flows.Įpicor Eagle retail accounts payable enables you to streamline the payables process so you can pay bills on time, reduce late fees, and automate record-keeping while building strong relationships with your suppliers. These reports are critical for understanding your business, creating operating budgets, monitoring performance, and making decisions that move a business forward greater profitability. The retail general ledger is the core of a company’s financial records because it feeds such essential reports as the profit and loss statement and balance sheet. Retail accounting software from Epicor Eagle will help your retail business sell products and manage your inventory, while monitoring your cash flow and tracking expenses. When it comes to retail financial management, you want a proven solution that goes beyond telling you how your business is doing-you want a solution that provides deep insight into your financial activities. Controlling costs is key to your business’s success.
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