"Before installing RanceLab® FusionRetail™ 6 store was managed manually. We were having a major problem in maintaining cash and inventory. RanceLab® FusionRetail™ 6 helped us to maintain the store in an organized way. Sale, purchase and cash is within control now."
- Ajay Mimani - CONVENIO
"Using RanceLab® FusionRetail™ 6 I don't have to bother for stock entries, credit customer's account and total cash collection. Everything is now maintained by just one invoice only and bar-coding helped me to do this easily."
- Alok Rateria - ALOK DRESSES

Financial Management: Comprehensive Retail Accounting System

Why Accounts?
To know income, expenditure, assets, liabilities, profit and loss
Law demands it
To submit returns and reports to tax department
Business auditors demands it
 
It provides processed feedback to management to evaluate performance and take necessary actions
To create accountability
For posterity (hand away responsibilities and system from one to another, one generation to another)

It is observed that 60% of retail business transaction comes from inventory activity such as Purchase, Purchase Return, Sale, Sale Returns etc. This integrated system will automatically update necessary data into books of accounts. The balance 40% of your accounting information consists of transactions like receipt, payment, journal and contra vouchers.

RanceLab® FusionRetail™ 6 Financial Management is an integrated financial accounting system. This helps you to keep financial records efficiently. This eliminates errors and delay resulting from duplicity of work.

Account Voucher
 
 

Contra: This voucher is used when you transfer fund from one cash or bank account to cash or bank account.
Receipt: This voucher involves receipt of money.
Payment: This voucher involves payment of money.
Journal: This voucher is entered for all other types of non cash transactions (e.g adjustment for Depreciation, Liabilities for expenses, pre paid expenses etc).

 

Display and Navigation: You can view all type of vouchers in this report. This give fast navigation and makes modification faster. You can use page – up or page-down keys to move through the vouchers.

 
Display and Navigation
RanceLab® FusionRetail™ 6 Financial Management has following features:
User-defined Voucher Types
Ledgers, Groups and Cost Centers
Voucher Entry
Opening Voucher
Receipt / Payment / Contra / Journal Vouchers
Bill wise Cost Center wise Entry
 
Bill wise Adjustment
Branch Accounting
Confirmation of Accounts
Bank Reconciliation Statement
Cheque Printing
Reports:
Daily Transaction Sheet
Bank Book
Cash Book
Ledger Report
Group of Ledger
Day Book
Journal Book
 
Fund Movement
Trial Balance
Profit and Loss Account
Balance Sheet
Tax Register
Cost Centre Report
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