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RetailMagic
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RetailMagic

Overview
Synopsis

RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses. RetailMagic is an on-premise retail management solution for small and midsize retail and service businesses, such as pet stores, interior designers, giftware stores and more.

Category

Accounting Software, Accounting Software SMB

Features

• Financial Statement monitors company’s health
• Accounts Payable – Complete A/P functions including Payments from Suppliers
• Accounts Receivable – Complete A/R functions including Payments to Customers
• Miscellaneous Payout
• Fully integrated accounting functionality
• Local support from growing network of licensees

License

Proprietary

Pricing

Subscription

Free Trial

Available

Users Size

Small (<50 employees), Medium (50 to 1000 employees), Enterprise (>1001 employees)

Company

RetailMagic

What is best?

• Accounts Payable – Complete A/P functions including Payments from Suppliers
• Accounts Receivable – Complete A/R functions including Payments to Customers
• Miscellaneous Payout
• Fully integrated accounting functionality
• Local support from growing network of licensees

What are the benefits?

• Target: Identify customers and pave the way for future sales
• Record: Identify what items sell best and compare sales data over various periods
• View un-deposited funds (Cash, Cheques, Visa, Mastercard, etc.) at any time, in total or in detail
• Track payables: Avoid late payments and keep suppliers happy

PAT Rating™ ( Beta)
Editor Rating
Aggregated User Rating
Rate Here
Ease of use
8.7
9.5
Features & Functionality
8.8
9.0
Advanced Features
8.9
9.6
Integration
8.7
8.8
Performance
8.8
8.5
Customer Support
8.9
9.1
Implementation
8.4
Renew & Recommend
8.3
Bottom Line

RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses.

8.8
Editor Rating
8.9
Aggregated User Rating
1 rating
You have rated this

RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses. RetailMagic is an on-premise retail management solution for small and midsize retail and service businesses, such as pet stores, interior designers, giftware stores and more. It provides an integrated RMS solution with built-in functionalities of an inventory, point of sale and accounting solution.

RetailMagic records sales and customer buying trends to help identify top-selling products, brands and selling frequency. The inventory management feature keeps track of stock availability and identifies slow / fast moving items in real time. The accounting feature manages accounts payable and receivable, allows store managers to make payments to suppliers and generates financial statements. Retailers can also send marketing emails and promotion letters to their existing customers and monitor the effectiveness of their marketing efforts.

The solution is compatible with Windows OS and comes preinstalled in Schieck hardware such as touchscreens, barcode scanner, cash drawer, receipt printer and more. The complete package can be purchased for a one-time license fee. RetailMagic will drastically reduce bookkeeping and accounting work. Automatically post receipts to the journals and produce monthly financial statements.

Maintain a clear audit trail to reduce end of year accounting costs. Provide in-house credit to select customers or business accounts. RetailMagic provides complete bank reconciliation including adding of direct charges to the bank and transfers between bank accounts. The system treats company credit cards as a bank that is always overdrawn, but is also reconciled to the statements. RetailMagic eliminates more than 85% of the handling of paperwork.

You may like to read: Top Accounting Software, Top Free and Open Source Accounting Software and How to Select the Best Accounting Software for Your Business

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Ease of use
Features & Functionality
Advanced Features
Integration
Performance
Customer Support
Implementation
Renew & Recommend

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