Optimize financial reporting and accounting operations with this dynamic solution tailor made for stores. Saves even more time for stores with multiple locations.
Retail Back Office challenges solved with CBSi and Microsoft Dynamics NAV:
Corporate, Centralized Accounting & Financial Flexibility
- Easily generate financial statements by week, and any date range, even when using 12 or 13 accounting periods.
- Rapidly analyze percentage of revenue by store, product category, manufacturer, etc.
- Evaluate costs and margins from above items.
- Allocate vendor bills that span accounting periods so the correct portion is booked to each related accounting period.
- Report on Promotions, Coupons, Guest Counts, etc.
- These features are available with or without a POS back office system, and without expanding the G/L accounts. The multiple Dimensions available within Dynamics NAV makes this possible.
- Easily validate local cash draws and store purchases on credit.
- Currency conversions for international locations.
Automatic Bank and Credit Card Reconciliation with 3-way matching (read more)…
- 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.
Franchisee Billing Automation (read more)…
- 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.
