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.
Our team is waiting and ready to show you how StoreApp can work for your business.
In business, it is normal to sell and purchase items on credit. This makes having receivable and payable accounts inevitable. StoreApp allows you to track these accounts and monitor their respective payments. You can view the balance of any account and generate a comprehensive statement as well.
Every business manages a few cash and operational accounts. While StoreApp features some operational account like sales, receivables & payables, purchases, cash book etc by default, you can create additional accounts for a more rounded accounting system.
While StoreApp keeps track of every transaction and maintain the balance on each of your cash account. External expenditure and income can cause discrepancies in these balances, especially the ones in your bank account. This is why provision has been made to capture these external transactions for an up-to-date record.
You can register all of you assets with their respective depreciation of appreciation value. This will allow you the see the current value of your assets at any time.
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.
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.
Double-entry Ledger
Receivable Accounts
Payable Accounts
Cash / Bank Account
Account Posting
Double Entry Ledger
Expenses
Balance Sheet
Profit & Loss
Trial Balance
Financial Position
Cashflow Statement
Interest Mgt
Payment Schedule
Payment Reminder
Income / Revenue Mgt
Assets Mgt
Loan Management