RetailMagic

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