Retail Advantage POS Software Tour   

   [ PAGE 24 ] General Ledger Entry:   

Retail Advantage POS Software makes it easy to enter entries that are not automatically created by the accounts payable, payroll or point of sale modules.  You can also setup recurring entries as well in Retail ADVANTAGE POS Software!

General Ledger Accounts can be up to 10 characters long and you can setup up to 9999 departments. Department Income statements can also be generated using the Retail Advantage POS Software reporting functions. You can journalize your transactions using account number or names, you do not need to be an experienced accountant to use the financial modules in the Retail Advantage POS Software.

The chart of accounts is divided into the five main account categories. The categories are Assets, Liabilities, Equity, Income and Expense accounts in Retail ADVANTAGE POS Software

Asset Accounts - things of value owned by the business.

Liability Accounts - amounts owed to outsiders.

Owner's Equity Accounts - amounts owed by the business
to its owners (profit). If the business loses money the owners may owe additional money to the business.

Revenue Accounts - Sources of income.

Expense Accounts - Payments necessary to run the business


There are two versions of Retail ADVANTAGE POS Software Available:

Basic - Retail ADVANTAGE POS Software Basic System includes -- Customer Management, Point of Sale, Inventory Control, Employee Management, Gift Certificates, Commission Calculations, Time Clock, Waiting List, Series Sales, Messages and Reports  

Deluxe- Retail ADVANTAGE POS Software Deluxe System includes -- All the features of the basic system plus General Ledger, Accounts Payable, Payroll 

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