Linquip Level: Expert
Hi, my name is Olga.
I am a professional bookkeeper with more than 17 years of experience. Working for NBH Services Inc. I can provide professional bookkeeping services for businesses such as information technology, refueling stations.
I work with listed software: QuickBooks Online, Word, Excel. I can successfully keep track of finances. Personal qualities: perseverance, attentiveness, the ability to work with large quantities of information, accuracy, self-organization.
If you are interested in understanding how you can develop your dealer network into a world class retail operation, please visit our website – https://nbhbookkeeping.ca/ speak with us today.
An online software suite that includes a full general ledger accounting system for the dealer and a management information system for the oil company, will reduce the challenge of collating reports and then re-entering the data into a secondary database which is often costly and can impact the accuracy of data.
Cloud online systems allow all users to securely access a single source of information under strict permission rights. Cloud online systems can be deployed rapidly and can reduce the necessity for major capital expenditure as they are hosted and managed by the software company. Upgrades and updates are automatically applied across the network reducing further hassles and complications for both the dealer and the oil company.
Multilingual and adaptable to the local country – Many oil companies operate in numerous geographical markets, therefore deploy multiple systems to meet the requirements of each country such as local languages and accounting standards. Operating multiple systems often result in additional support and training costs as well as consolidation challenges. All of which can be avoided through the deployment of a single “multilingual retail accounting management suite”.
Network reporting – Through deploying an online retail accounting management suite across a dealer network such as CounterBooks, the oil company will gain full transparency and a consolidated view of the network’s performance without spending an extensive amount of time and cost collating and analyzing data. Network reports which can assist in the management of a dealer network include:- Network Profit and Loss report (with budget comparison) which shows the net profit and loss performance by the dealer and against budget. Purchase Compliance to assess dealers spending with approved suppliers and by category. Network Net Worth and Liquidity report to assist in monitoring the financial stability of dealers.
14 things to consider when choosing a CODO / dealer accounting management suite? November 5, 2013 by retailaccounting Leave a comment Checklist1. Service station / gas station specific – Traditional accounting systems are not designed to handle many of the industry specific complexities of service station or gas station accounting. The chosen system should have been designed from conception for service station and gas station businesses; this can avoid any unnecessary and expense consultancy fees in adapting the system for a service station/gas station business. 2. Cloud based / online – On-premise systems are not suitable for Company Owned Dealer Operated (CODO) networks due to their complex reporting requirements and the geographically dispersed nature of the network. Cloud / online systems allow all users to securely access the single source of information under strict permission rights. Cloud / online systems can be deployed rapidly and can reduce the necessity for major ca