Keep your books/business in perfect shape.
We believe that accounting is the soul of any system that involves finances. That is why we have built StoreApp on a solid accounting foundation. We took time to settle the accounting module before any other feature was added.
StoreApp is built on a double entry accounting principle. Every transaction is posted to the appropriate ledger under the hood. This means you don’t need to understand the jargons of accounting before you can use StoreApp. Just conduct your daily activities and let StoreApp handle the postings.
With StoreApp you can manage both cash and operational accounts, track payable and receivable accounts, manage expenses, maintain an up-to-date asset registry, control cash flow and view reports that show the general health of your business.
Record all expenses under custom created headings. This will allow you to summarise your expenses for an overview of where your money is going.
You can categorize your expenses so that you can easily summarize and view an overview of your expenses
When you perform multi expenses at once, you can record them under the same transaction.
Cash is the most important liquid asset of your business, a business cannot thrive and survive without proper control over cash. An important part of your daily business activity is proper cash management - monitoring and recording cash flow and analysing cashier balance at all times.
As you mop-up cash from your sales, you periodically will need to have them taken to your different bank accounts. You can ensure that your cash gets to the bank with bank reconciliation.
StoreApp is equipped with an integrated cash monitoring system that makes it possible to analyse cashier balance while also keeping tabs on your daily expenses that involves cash. This gives you absolute control of the flow of cash in your business. Evacuated cash can be used to settle payments of expenses and items purchased simulteaneuosly.
Stay protected as you extend credit facilities to your VIP customers.
Setting credit limits and validity protect you against abuse of credit facility, these limits can be set based on customer relationship.
When your customers buy on credit, you can setup payment schedule with reminders so that you don’t forget to collect on an outstanding payments.
You can also set interest rates on credit sales, this allows you to treat the credit sales like a loan upon which an interest in payable.
* There is a ledger for every account, customer and suppliers. Your can generate a ledger of any account over a period of time to track every respective transactions.
Cash flow statements summarises the amount of cash and cash equivalents entering and leaving your business. Only transaction that involves cash can show up on your cash-flow statement.
The profit and loss statement summarises the revenues, costs, and expenses incurred during a specified period. It shows you business’ ability or inability to generate profit by increasing revenue, reducing costs, or both.
Balance sheet shows your assets, liabilities, and equity at a specific point in time. It also provides a snapshot of what you own and owe.
The trial balance ensures the your business’ bookkeeping is mathematically correct. The debits and credits include all your transactions over a certain period, including the sum of such accounts as assets, expenses, liabilities, and revenues.
Cash / Bank Account
Double Entry Ledger
Profit & Loss
Income / Revenue Mgt