Retail

ON DEMAND ACCOUNTING SOLUTIONS

Retail Operation? In Store, Online, Both? We Have You Covered!

We recognize the distinct challenges that come with operating a thriving retail business. We provide customized bookkeeping, advisory, and tax services that are specifically tailored to meet your unique needs. Integrating with your existing team, our seasoned team of experts will help you navigate the complexities of accounting within the retail industry. We are dedicated to equipping you with the tools and guidance necessary to achieve your goals. We offer a wide range of services, from advising on and reconciling POS systems to tracking expenses, generating detailed financial reports, and helping you establish and monitor critical performance metrics. Our goal is to streamline your accounting processes, empower you to make informed decisions, and ultimately position your business for sustained success.

Common Questions

How Can Online Orders Integrate With My In House Accounting System?

Shopify, Amazon, Ebay we know the in and outs and how to integrate the online systems with your in store POS. No need for analyzing two, three or four different types of sales data. We will get all your systems talking to each other and produce one easy to read integrated report.

Advisory Services

What Is The Best POS to Track Sales?

The answer is, it depends! Different POS systems are better for different types of operations. We can help you by walking through the accounting steps on the back end to ensure automation is possible. Automated POS systems keep your accounting fees down which should be a consideration with any POS system.

How Do I Keep Track of Expenses?

We will set you up with an easy to use bookkeeping system. Your manager then forwards emails or takes pictures on using a phone app of the bills and receipts.

How ARC Bookkeeping Works

How Can I Efficiently Track Inventory?

An integrated perpetual sales and inventory system solution might be a good fit or a simple manual periodic count once a month might do the trick. We can help you get a system in place that makes you feel in control and is able to produce the metrics you need to manage your inventory on time.

Should I Be Incorporated?

If you have excess cash flow and are using that to grow your business or investments then incorporating will allow you to maximize available cash by utilizing lower corporate tax rates. Paying down debt is much faster using a corporation because of the lower corporate income tax rates on your profits.

Do I Need a Holding Company?

Do you want to put your excess cash to work for you and start earning some recurring passive income? A holding company can be a good option to help preserve your operating companies small business preferred tax attributes without first needing to pay the high personal tax rates on your operating profits. It also keeps your operating company separate from your investments keeping it ready for sale or to bring in new investors.

Do I Need a Family Trust?

A family trust can be used to multiply the capital gains exemptions on a future sale of the shares of your company. It can also be used as a flexible vehicle to distribute your operating companies retained earnings to your family or holding company.