Ever since Sam Walton took steps to democratise Retail, Retail industry has been going through enormous change every few years and no retailer can sit idle thinking business will survive on its own. There was a competition from Super Stores earlier and now from E Commerce companies.
But the advantages provided by any Retail Store of personalisation, convenience and specialty are enormous and can play a big competitive advantage over other businesses.
To ensure you stay focus on gaining your competitive advantage, the best is to do away with tasks which can be managed by specialised agencies and one of them is Bookkeeping and Accounting.
Retailers can now rely on Corient’s end to end Bookkeeping for Retailers. Our accounting team ensures your accounts are maintained real-time basis, inventory is accurate and up to date and you get the best possible discounts from your suppliers to keep your costs low.
Our Accounting Services include the following
- Retail Bookkeeping & Accounting (sales receipts, accounts payable, accounts receivable, bank account reconciliations, and so on.)
- Inventory management
- VAT
- Budget creation and updating
- Payroll processing services
- Benefits management
- Weekly estimated Profit & Loss by business units, outlets and entire company
- Sales and labour reporting by business units and outlets
- Daily Cash Flow analysis with comprehensive drill down capability
- Management set up custom decision-support reporting
- Transactional reporting
- Industry best practices as well as benchmarking
- Inventory and shrink regulation
- Review of your service provider bills
Connect with us to learn more about bookkeeping services & accounting services for retail businesses.
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