About Accounting Retail Software

This system works by automating and streamlining the accounting processes that are associated with online sales. Such software can automatically collect data on your sales, expenses, and inventory, and turn it into comprehensive reports. Even the smallest e-commerce business has to deal with different kinds of financials and reports. By using this system, you can quickly generate your required quantity of standard and customizable reports.

An additional key feature is the tax calculation capability. This tool can automatically complete all your tax forms, saving you a considerable amount of time. This feature is particularly advantageous if your business operates across multiple countries and navigates various tax systems as several legal entities.

When you make a sale online, retail accounting software automatically records the transaction and updates your financial records. It will also calculate taxes, fees, and shipping costs, and generate invoices for your customers. These capabilities reduce the need for manual data entry and lower the likelihood of errors. Also, accounting software for e-commerce businesses can manage inventory.

Overall, accounting software for retail helps make the accounting process more efficient and accurate. It gives owners time to focus on growing their business. You can integrate this tool with your website, order management, and inventory management systems.

Features

Accounting software for retail businesses

Vendor records management

Manage supplier information

Payment date calculation

Determine due dates for payments

Purchase order management

Create and track purchase orders

Report generation

Create customized reports

Sales attributions

Assign sales to specific individuals or teams

Cash flow analysis

Track cash inflows and outflows

Profit and loss

Calculate overall financial performance

Fund accounting

Manage specific funds or budgets

Product movement history

Record the history of product movements

Tips, vacation pays, commissions

Calculate and process employee pay

Data export and import

Transfer data between systems

Customizable cost breakdowns

Break down costs into specific categories

Financial reports

Generate various financial reports

Order management

Process and track customer orders

Sales tax calculation

Compute and apply sales taxes

Role-based access and view

Limit user access to specific data

Search tools

Find specific information quickly

Progress billing

Bill customers based on project progress

Bank reconciliation

Match bank statements to internal records

Multiple deprecation formulas

Use various depreciation methods

SKU tracking and stock counts

Track inventory by SKU and physical count

Tax withholding calculation

Calculate and withhold taxes from payments

Audit trails

Record user activity for auditing purposes

Third-party software integration

Connect to other software systems

Inter-company transfers

Transfer goods or services between related companies

Profit calculation for goods, departments, and company

Calculate profits at different levels

Inventory management

Control stock levels and movements

Payment processing

Handle customer payments

Pricing and discount management

Set and apply pricing rules

Suspicious payment alerts

Flag unusual payment activity

Multi-currency support

Handle multiple currencies

Sales forecasts

Predict future sales

Departmental tracking

Monitor financial performance by department

Serial number tracking

Track individual items with serial numbers

Electronic tax filing

Submit tax returns electronically

Purchase requisitions

Create and process requests for purchases

Stock level alerts

Notify users of low stock levels

Bank integrations

Connect to bank accounts for automated transactions

EBITDA calculation

Calculate earnings before interest, taxes, depreciation, and amortization

Work Process

Accounting software development encompasses multiple stages. For each one, you will need a dedicated team. As a rule, integrations with other software require special focus.

1

Project planning

We analyze and prioritize tasks, and set priorities.

Team:

Project Manager

2

Business analysis

We analyze the client’s current infrastructure, develop task specifications, and search for solutions for customers’ problems.

Team:

Project Manager
Business Analyst

3

UI/UX design

We design convenient and appealing interfaces for different groups of users.

Team:

Project Manager
Business Analyst
UI/UX Designer

4

Back-end development

We work on the web app’s server side.

Team:

Project Manager
Business Analyst
UI/UX Designer
Back-end Engineers
Manual QA Engineers

5

Front-end development

We work on the web app’s user side.

Team:

Project Manager
Business Analyst
UI/UX Designer
Front-end Engineers
Manual QA Engineers

6

Integrations

We analyze the software to be integrated and complete two-side integrations.

Team:

Project Manager
Business Analyst
UI/UX Designer
Front-end Engineers
Back-end Engineers
DevOps Engineers

7

Testing

We test the product by performing manual, automated, unit, and integration testing.

Team:

Project Manager
Manual QA Engineer
QA Automation Engineer
Back-end Engineers

8

Implementation and training

We create training materials and add the solution to the client’s tech stack.

Team:

Project Manager
Technical Writer
DevOps Engineers
Support Engineers

Accounting Software For Retail SECL Group, Image 8

Accounting Software For Retail SECL Group, Image 9

Our company specializes in projects for
Retail & E-commerce

When do you need Retail Accounting Software?

Running an e-commerce store involves a great deal of work with payroll, taxes, invoices, and bills, and you will most often need a tool to automate all this work. Accounting software for retail shop can be beneficial in the following cases.

Different sales channels

Your retail business uses multiple sales channels

Wide range of products

Your shop offers a broad product line

Diverse collaboration

You work with different suppliers and partners

Vast online sales

Your online sales volumes are large

International operation

Your store operates in countries with different taxing systems

Many inventories

You have multiple inventories

Complex discount system

Your store offers different levels of discounts

Limited data on budgeting

You need more financial data for efficient operation

Large current assets

You have a large accounts receivable

Metrics calculation

You need to calculate EBITDA and other financials

Absence of analysis

You lack financial analytics on goods or departments

Untimely payouts

You deal with payment delays

Hard to track payments

Part of payments are lost

Poor tax management

You have problems with tax calculation

Inefficient employee work

Your accountants are overloaded or there are too many of them

Need a solution for accounting?

Simplify your accounting tasks and ensure accuracy with an accounting solution built by our experienced software developers.

Get in Touch

Our Software Development Standards

In our work, we follow international approaches and standards such as:

Management:	PMP
Design:	ISO 9241-210
Programming:	Coding conventions, MDN Web Docs, Naming convention
Python:	PEP 8
JS/TS:	ECMA, JavaScript Standard Style, Google TypeScript Style Guide, ESLint
PHP:	PSR
С#:	ReSharper
HTML/CSS:	W3C
Security:	GDPR
Testing:	ISTQB

Why Choose SECL Group for Accounting Software Development?

With extensive experience in building internal corporate solutions for retail and e-commerce, our team can help you build an effective, secure, and feature-rich accounting solution.

Corporate platforms

Our company focuses on building internal corporate solutions

AI integration

We can automate manual processes and improve analytics with AI integration

Enterprise clients

We have developed internal corporate solutions for Kia, BAT, and Tennet

Retail and e-commerce

We specialize in developing retail and e-commerce systems

Accounting software

We have built or integrated accounting systems in almost all retail projects

10+ million users monthly

We have developed e-commerce projects with over 10 million users

Vast portfolio

More than 50% of our projects are in retail/e-commerce

Out-of-the-box platforms

We have built or adjusted accounting solutions based on out-of-the-box platforms

Team of 70+ engineers

We have a team of 70+ full-time software engineers

Integrations

We can integrate accounting software with other internal systems needed

Third-party systems

We have experience integrating systems like SAP and Salesforce

Fortune 500 clients

We have worked with Fortune 500 companies

Presence since 2005

We have been active in the software development market since 2005

82% senior engineers

We have an 82% seniority level in our team

Tech stack selection

Having experience in many technologies, we can help you choose the most suitable

Software integration

We have integrated Xero, Zoho Books, and QuickBooks

30+ million SKUs

We have completed e-commerce projects with 30+ million SKUs

Our Awards

Authoritative Design Award

Behance Interaction Award

Technologies

We specialize in specific technologies, with the technology stack chosen based on the project’s purpose and requirements

Programming languages:

Python

JavaScript

Java

PHP

C#

Web / Frameworks:

Django

FastAPI

Spring

Hibernate

.NET

Node.js

Express

NestJS

Laravel

Yii

Symfony

React

Vue.js

Angular

Ext JS

Databases / Data storage:

MySQL

PostgeSQL

MongoDB

Redis

A. Casandra

Elasticsearch

Amazon RDS

Amazon S3

DevOps containers:

Docker

Kubernetes

AWS ECS/EKS

DevOps automation:

Ansible

Chef

DevOps CI/CD:

GitLab CI/CD

Jenkins

AWS

DevOps monitoring:

Zabbix

Grafana

Testing:

Selenium

Postman

Swagger

Apache JMeter

Playwright

Clouds:

AWS

Azure

Google Cloud

Industries

Core domains we specialize in

Additional domains we have experience in

FINANCE

REAL ESTATE

TRAVEL & HOSPITALITY

AGRICULTURE

MEDIA & PUBLISHING

And experience in over 20 other industries!

Results

You can keep accurate records of cost movement

You can manage your finances more efficiently

You can handle customer relationships and contracts better

You avoid inventory challenges

Automated workflows with lower error risk

Simplified tax calculation and compliance

You can control flexible pricing and discounts

You forecast sales and predict expenses

You can manage your accounts receivable more efficiently

Automated EBITDA calculation

Optimized accountant workload

Detailed analytics on goods and departments

Payments take place on time

You can keep track of payments easily

FAQ

Here are our answers to some frequently asked questions about the development of accounting software. If you have another question on this topic, please get in touch with us and we’ll be happy to discuss it with you.

How can accounting software improve business decision-making?

Accounting software allows you to make informed decisions empowered by real-time financial data. It can generate insightful reports, identify trends, and forecast future performance. This helps in essential business activities like strategic planning, resource allocation, and risk management.

What internal solutions can accounting software be integrated with?

Accounting software can generally be integrated with CRM, ERP systems, HR, POS software, and inventory management platforms. However, integrating other internal corporate systems may vary depending on specific project needs.

What are the security considerations for accounting solutions?

Data security is an essential aspect of accounting software development. Robust security measures for such systems include strong encryption, access controls, regular data backups, and compliance with international data privacy regulations (e.g., GDPR, HIPAA).