Retail Accounting Service

Chances are, you probably already outsource your accounting - to an annual tax accountant, that is. Outsourcing monthly accounting brings bookkeeping and tax filing together, but it also includes:

• Year-round tax strategy to minimize what you owe in taxes
• Monthly financial statements to guide you
• Monthly bank and credit card reconciliation 
• Monthly meetings with your accountant to get personalized advice
• Unlimited contact with your accountant at no extra cost
• Sales tax returns filed on time and accurately

Once running payroll takes up time, energy, and effort that you can't prioritize over other aspects of running your business, it's time to hire a payroll service.

A good, reputable payroll service provider will, in an accurate and timely manner:

• Pay your employees
• Pay your payroll taxes
• Prepare your W-2s
• Handle all weekly, monthly, quarterly, and annual compliance with the state and federal government

Plus, if you've been facing those pesky IRS penalty notices, a payroll service will stop them.

Unfortunately, no. We aren't able to do your retail store's inventory management because we're not on-site to see your physical inventory - so we can't truly know what's going in and out of your business.
 
If you work with us, we just need you to send us the current information (periodical inventory) at the end of the year so we can make your tax return.
 
For larger businesses, we recommend spot-checking monthly (perpetual inventory) just for your own records to make sure your inventory matches your numbers. Otherwise, you can always hire a third party for this - although we don't personally recommend any over the others.
 

No, this does not align with our business structure. Our monthly accounting fees include the cost to file annual taxes, and monthly accounting is made up of monthly bookkeeping, financial statements, and advice.

In the retail industry, your cash flow matters just as much as your profitability. Much of this is due to seasonality and product turn time.

In the meantime, you still have to pay your bills. An accountant can help you:

• Monitor your cash flow
• Improve your billing practices if you have accounts receivable
• Advise on lines of credit to support yourself with
• Work on creating a better budget