From seasonal sales to supply chain challenges, Retail businesses can be unpredictable at best. Monthly updates on your balance sheet, income statement, and statement of cash flow can provide you visibility into your business performance, sales tax obligations, and more.
Understanding and accurately accounting for inventory is the backbone to running a successful Retail business. Making big seasonal or holiday inventory purchases requires careful planning and when there isn’t enough cash on hand, up-to-date books get you bank-ready for loan applications.
Crucial to running any retail business, properly managing payables can boost your supplier relationships and help you gain favorable payment terms and discounts. We'll keep your payables up to date and ensure your bills are paid on time, through your payment method of choice.
The cost of a bookkeeper, payroll professional, and accounts payable and/or receivables clerk, along with all of the software required to manage the back office functions not only take a bite out of profits, but can be difficult to find and harder to manage. Outsourcing these functions let's you focus on what really matters, sales.