INDUSTRIES

Bookkeeping for Retail businesses.

Between the register, the card reader, and the stockroom, retail has three places for money to hide. The books tie all three together.

How the bookkeeping works

• Sales reconciled from POS reports to bank deposits.
• Card and payment processing fees recorded separately from sales.
• Inventory purchases and on-hand value tracked alongside cost of goods sold.
• Margin reviews that make shrinkage and discounting visible.

A sample monthly snapshot

Sample figures — fictional, for illustration only

Sales

$58,200

Cost of goods sold

$33,800

Card and payment fees

$1,690

Gross profit

$22,710

Inventory on hand

$34,500

Actual reporting deliverables depend on the agreed engagement.