DockMaster Provides Increased Security With Double Posting Feature
When it comes to keeping your marina business on the straight and narrow, DockMaster’s marina and dealer management software takes great strides into making sure all aspects of the operation are honest. To that end, its double posting features take care of all the redundancies of ensuring every account base of a transaction are covered.
Three main components involving financial traffic in DockMaster’s financial management systems are accounts payable, accounts receivable, and general ledger. While those three components are basic for every business, DockMaster can easily be customized to suit the operations of not only marinas but any company that’s part of the boating industry.
For example: Each transaction, an automatic paper trail can be created from cash receipts and credit memos for receivables to processing checks and batching invoices for accounts payable.
“I believe that one of the best qualities of DockMaster software is how configurable it is to suit many different needs,” says Karen Webb, product owner at DockMaster. “DockMaster has been designed for companies who are concerned about audit trails and many areas of checks and balances. The quantity of clicks aims to eliminate mistakes as this requires more thought from the user. As such, errors are not so easily corrected to ‘hide’ mistakes.”
Depending on how your account structure is set up, simply record the transaction and DockMaster takes care of the rest. DockMaster will post the results to the appropriate ledgers, which supply all the appropriate information to such financial reports like balance sheets and income statements.
“Accountants like the fact that DockMaster is a double posting software, posting within the subsidiary journals and then posting to the general ledger,” adds Vickie Meyer, application support at DockMaster. “This system ensures proper security is in place, rather than with a software such as QuickBooks. It’s especially helpful that transactions are not allowed to be deleted once posted.”
By using a system that is accurate and tamper-free, business owners can check results and pinpoint any discrepancies that might occur and affect a company’s overall performance. DockMaster makes sure that organizations with a greater labor base and have access to the system are on the same page, thanks to the checks and balances built into the marine software.
“In correlation with the number of steps to record data, the software is perfect for those organizations that have more than one person in the ‘back office’,” adds Webb. “The way DockMaster is set up with the many steps to enter, validate and posting data is ideal for larger companies that may even have individuals in other locations. Record-keeping could be performed by many people with the assurance that the data is correct.”
DockMaster Software is an industry leading management system for marinas, boatyards, and boat dealerships. DockMaster includes Unit Sales, Prospecting and F&I with fully integrated financial management and numerous integrations with CRM applications, dealer websites and text/messaging services. The Service module includes estimating, labor tracking, and complete parts management with ordering/receiving, subcontractor fulfillment and invoicing. DockMaster Mobile allows technicians to clock on/off jobs from any mobile device. Visual Marina™ management includes storage & billing, occupancy tracking, reservations and dry stack management, including integrations to leading consumer applications for boat rentals, online reservations, concierge/launch scheduling and our new Fuel Integration with FuelCloud. DockMaster also includes Point of Sale, Order Entry with eCommerce and a complete accounting system. Learn more at www.DockMaster.com and follow DockMaster on Twitter, Instagram, Facebook, and LinkedIn. Or email firstname.lastname@example.org