Retail Services
ACCOUNTING SERVICES FOR THE RETAIL INDUSTRY
As a retail store, you have several important accounting and customer service issues that other businesses might not have. Your point of sale system needs to be fast, efficient and integrated into your back office system as much as possible, so that you have a rich history of customer sales. And your inventory system must be current so that you can manage out-of-stock situations to avoid lost sales, while not buying too much inventory that doesn’t move. You might also need help with sales tax, depending on the types of goods you sell.
Variables like high employee turnover, seasonal changes in traffic and rising energy costs can impact cash flow and your bottom line, as well.
How we help you:
Working with an accounting firm that’s experienced in retail accounting services is essential to the continued success of your business. We will develp financial startegies to reduce expenses, streamline operations, improve internal controls and increase profitability. We can also take time-consuming tasks like bookkeeping and payroll processing off your hands so you can focus on managing your day-to-day operations.
What We Do
We serve many types of retail stores, including e-commerce stores, specialty stores, discount stores, as well as, “mom and pop” shops. Our retail clients sell food, clothing, specialty items, jewelry, baby items, books and magazines, toys and games, pet supplies, and more.
We can offer retail businesses the following accounting services:
- Accounting software selection, installation, customization, and training
- Point of sale system and/or shopping cart selection, installation, customization, training, and integration
- Merchant account selection and support
- Daily, weekly, monthly, quarterly or annual bookkeeping services for retail businesses, including reconciliations, accounts payable and accounts receivable support
- Financial report preparation, including assistance in understanding your reports
- Chart of Accounts design for better expense management
- Inventory management
- Mobile accounting functionality
- Sales tax reporting and compliance
- Payroll software selection, reporting, tax compliance, workers compensation, and other payroll management issues
- Benchmarking to your industry
- And more depending on your specific financial needs
Take Your Retail Store to The Next Level
If you would like more information about our accounting services for the retail industry, please contact us. You’ll be glad you did!
Frequently Asked Questions
We take care of your books for you, so you can get back to the job of running your business and generating profits.
We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best–running your company.
We offer a variety of services to help make sure that you are taking full advantage of Quickbooks’ many features.