For most retail SMEs, the point-of-sale (POS) system is where the money flows — every sale, refund, and discount gets recorded instantly. But when it comes to accounting, that same data often gets stuck: exported manually, retyped into spreadsheets, or reconciled long after the fact. The result? Sales figures that never quite match the books.
Here’s how modern retailers are solving that gap — turning POS data into clean, real-time accounting entries automatically — with ccMonet.
Instead of exporting daily summaries manually, ccMonet connects directly with your POS data feed or daily reports.
Each transaction — cash, card, or e-wallet — is imported automatically, capturing key details like:
The system translates this operational data into structured accounting entries that reflect real performance, without human intervention.
Most reconciliation errors occur when recorded sales and bank deposits don’t match — especially when different payment gateways settle on different days.
ccMonet’s AI Bank Reconciliation matches your POS transactions with incoming payments automatically, identifying mismatches or missing deposits in seconds.
That means owners always know their cash position accurately, without digging through payment processor reports.
Whether you’re running a single boutique or a chain of outlets, clean visibility by location or product category is essential.
ccMonet categorises POS data automatically, tagging each entry with outlet, department, or sales channel.
This creates instant breakdowns of performance across stores, helping owners see which branches or products are truly driving profit — no spreadsheet formulas required.
Manual accounting often loses clarity on discounts or refunds, treating them as lump-sum adjustments.
ccMonet keeps these visible and traceable — every refund or voucher redemption is linked to its original sale.
That means revenue reports show gross sales, discounts, and net sales clearly, providing both operational and financial accuracy.
In Singapore, GST-registered retail SMEs must track tax accurately across payment methods and promotions.
ccMonet identifies taxable items automatically and records GST on each sale or refund.
The result: compliant GST summaries that match both your POS and accounting system — ready for filing without manual checks.
Because data flows daily, reporting becomes continuous.
ccMonet’s AI Insights Dashboard lets retailers view:
By the time month-end arrives, books are already clean — closing becomes a quick review, not a reconstruction.
POS systems track what’s sold; accounting systems track what’s earned. The smartest retailers connect the two automatically.
With ccMonet, your daily sales become live, accurate financial records — no spreadsheets, no delay, no surprises.
Turn your POS into a real-time accounting engine — and keep your retail books as fast-moving as your sales.
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