Retail Business Accounting Software
that Saves Time & Increases Profit
Busy retail business owners need flexible financial management and retail accounting software with additional features made to meet the needs of the retail services and goods sector. Flare is retail accounting software that will save you time and help you more easily manage business finances.
- Record daily sales with an easy-to-use cash register feature.
- Stay current with vendors.
- Stay compliant and up to date.
- Quickly record transactions.
Features for Your Retail Business
Retail Business Example Case Studies
All retail businesses benefit from using Flare accounting and financial software. Here are just a few.
Marcus – Convenience Store Owner
Marcus runs a convenience store. Before he began using Flare, he manually recorded daily cash register sales, taxes and expenses paid in a notebook and then provided his notes and sales receipts tapes to his accountant. Monthly, quarterly and at tax time, the accountant would update Marcus’s books. Because he was focused on basic bookkeeping needs that were always backward looking, Marcus had no clue about his business’s financial position or how to improve revenue and cash flow. This manual process also meant that his accountant was duplicating work that Marcus was recording manually. It was inefficient and time consuming.
Then, Marcus Got Flare
Now that Marcus has Flare, he can log in and quickly record his daily or weekly sales. He can also invite his accountant when needed – like at tax time. Marcus knows exactly how his business is doing financially and he can plan for profit, because Flare gives him the real-time visibility he needs to monitor income, expenses and cash flow.
Marcus chose Flare Cloud Accounting because it allows him to:
- Easily record cash register sales totals.
- Easily record expense transactions.
- View revenue, expenses, and profit in real time from Flare’s financial dashboard.
- Export or print financial reports.
- View expense trends by vendor.
- Invite his accountant to use Flare.
Jennifer – Drycleaner and Alterationist
Jennifer is the owner/operator of an extremely busy dry-cleaning and alterations shop. She does her bookkeeping using spreadsheets because she couldn’t find accounting software that was geared toward her retail business. Once the workday and transaction recording are done, she has no time for herself or her family. Jennifer wanted online accounting software that would win back the time she spends calculating and manually recording daily and weekly sales from cash register tapes. She also needed an accounting package that would show her important financial performance metrics so she could see how to improve cash flow and plan for profit.
Then, Jennifer Got Flare
By using Flare, Jennifer saves about 50% of the time she used to spend recording transactions in spreadsheets. She logs into Flare and uses the cash register module to record sales receipts tapes and uses Flare’s budgeting tool to plan for income growth and compare budgeted income, expenses and profit to actual performance. Now that she has a better understanding of her business’s cash flow, she can be proactive and make changes to improve profitability.
Jennifer chose Flare Cloud Accounting because she could:
- Easily record daily sales totals with Flare’s cash register feature.
- Save time with automated bank transaction downloads.
- Save time by using recurring billing.
- Create profit targets using Flare’s easy-to-use budgeting feature.
- View expense trends by vendor.
- Use Flare anywhere, anytime.
Kalyani – Restaurant & Coffee Shop Owner
Kalyani owns small restaurant and coffee shop in a busy mall. She is so busy that she has no time to manage her business’s finances. Her record keeping is non-existent and she has no idea from one week to the next whether she’ll meet her monthly expenses or have anything left to pay herself. Her bookkeeper was focused on balancing books not on helping her improve her business’s financial performance, reduce expenses and increase profit. Kalyani knew she had to take control before it was too late.
Then, Kalyani Got Flare
Flare put Kalyani in the driver’s seat. For the first time, she feels in control of her business’s destiny. Daily sales and expense recording is a breeze. She logs in for a few minutes nightly and she’s done. She’s learning to see where she can cut costs and increase profits because she knows exactly what she is spending and where.
Kalyani chose Flare Cloud Accounting because she could:
- Record daily transactions with Flare’s cash register feature.
- Easily perform her own bookkeeping.
- View helpful metrics from Flare’s financial dashboard.
- Balance her bank accounts in minutes.
- Invite her employees or accountant to use Flare.
- Use Flare from the restaurant, at home or on the road.