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CLIENT AREA

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GENERAL LEDGER The General Ledger designed for management purposes
Normal P&Ls are obsolete for management purposes Traditional accounting-based Profit & Loss Balance Sheet statements assume little importance to business people, often not fully understood by retailers. They are primarily generated to comply with tax department requirements and completed months after the end of the financial year, which makes them obsolete for management purposes.
ARMS’ Signature Series General Ledger reports provide a Profit & Loss statement that is actually useful for management purposes. This means you can track your true profitability, which is important if you are to grow your business. You can even budget your future taxes by using the General Ledger budget function.
Know exactly where your profits are coming from General Ledger is essential for multi-store operations to ensure each store is contributing to the company profits. One unprofitable store requiring profit generated by other stores to operate can eliminate an entire company’s profits. General Ledger is also essential for company’s planning growth.
Designed from the jewelry retailer’s perspective General Ledger Profit & Loss statement is incredibly simple to generate. The secret to this simplicity is ARMS’ business management approach using retail terminology rather than accounting procedures and terminology.
General Ledger supported by the CAB and Vendor Accounts suites, completes the ARMS Signature Series set of Financial Systems. With 99.9% of the data required to generate General Ledger reports automatically coming from CAB and Vendor Accounts, you don't need to be an accountant to be able to print a monthly Profit & Loss for each of your stores.
Four simple questions and the press of a button General Ledger Profit & Loss and Trial Balance is not time consuming to prepare. It requires no day to day work and only a few minutes each month answering four questions prior to printing. Just insert four figures (layaway balance owing, customer accounts balance, closing stock and cash on hand) then print your Profit & Loss report.
Easily compare your current performance to your performance in the past ARMS management consultants pre-install the General Ledger report formats to allow you to analyze your performance. Profit & Loss is printed each month with various print options:
- Year to Date figures or Monthly figures
- Inter-Store Comparison
- Budget Comparison
- This Year/Last Year Comparison
Profit & Loss is for the astute business person who wants to complete the financial control of their business. It is designed by retailers for retailers, using retailing terminology and is super simple to use taking less than ten minutes per month per store.
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