Retail Accounting

A Complete Retail Accounting Department

C.P.A. Directed

  • Retail accounting department directed by C.P.A. & fully staffed to handle dealer’s accounting needs

Income Statements                                                                                                                      

  • Monthly for current month compared to last year & year-to-date
  • Monthly for current month compared to budget & year-to-date                                   

Balance Sheets

  • Statement of assets, liabilities & equity compared to last year

General Ledger

  • Detailed summary of every item of income and expense
  • Individually key punched checks for management control

Sales Analysis

  • Optional sales and gross margin analysis by department
  • Sales tracking based on dealer’s business needs

Cash Flow

  • An analysis of how the business has utilized cash from it’s profits

Statistical Analysis

  • Tracking and reporting of key statistics:- Inventory turns, Gross Margin return on investment, Customer Count, Annualized (projected) sales, sales per customer 

Bank Reconciliation

  • Monthly balancing of all bank accounts

Sales Tax

  • Monthly sales tax return preparation

Payroll Taxes

  • Federal and state tax forms prepared monthly, quarterly and annually, including W-2 forms

Income Taxes

  • Income tax preparation for individuals, corporations and partnerships

Consultation

  • Phone or meet in person with an expert in retail accounting and tax matters

 

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