Follow the money, from the till drawer to the balance sheet.
Cash-heavy retail needs cash-grade controls.
Accounting & Cash Control, in short
POSly tracks money from the till to the bank. Branches record cash deposits that head office approves, expenses are captured by category, and the tax report, balance sheet, trial balance and cash flow give your accountant a clean starting point.
What changes on day one.
“Banking the takings is an honesty system.”
Branches record cash deposits and head office approves or rejects them. Cash on hand is always visible.
“Expenses are receipts in a shoebox.”
Capture expenses by category as they happen, and report on them per branch.
“My accountant rebuilds everything from scratch.”
Payment accounts, ledgers, a tax report for your VAT returns, and the balance sheet, trial balance and cash flow.
What's included.
Some areas are switched on per business, and your plan, settings and staff permissions decide who sees what.
- Set up on request: payment accounts, balances and fund transfers
- Cash deposits with approve and reject, and cash-on-hand tracking
- Store opening balances
- Store and cash expenses by category, with cash expenses optionally taken from the register
- Tax rates, group taxes and a tax report
- Set up on request: balance sheet, trial balance, cash flow and payment-account report
Common questions.
Does POSly replace my accounting package?
POSly gives you management accounts, a VAT tax report, cash control and ledgers from your trading data. Most businesses still use an accountant, and POSly gives them clean numbers to work from.
How do cash deposits work in POSly?
Branches record their cash deposits and head office approves or rejects them, so cash on hand is always visible.
Does POSly produce a VAT report?
Yes. The tax report gives your accountant a clean starting point for your VAT returns.
Can I capture expenses in POSly?
Yes. Store and cash expenses are captured by category, with cash expenses optionally taken from the register.
Does POSly sync with Xero, Sage or QuickBooks?
Not yet. Accounting sync is on the roadmap as planned.
