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Retail Accounting

Accounting & Analysis for Suppliers

Like every other industry, retail has its own metrics that need to be monitored. We speak the language of our clients and have worked with suppliers to improve their sales, real-time-replenishment, profitability, and relationships with retailers such as Wal-Mart, Lowe’s, Home Depot, Publix, Kroger, Bed Bath & Beyond, Sam’s Club, and many others.

 

Some metrics used in the retail industry are average sales price (this differs from the price tag and factors in shrinkage – spoilage, damaged products, theft, etc), inventory-on hand and same store sales (comp).

We will help you with product costing, templates to track inventory and automate the creation of replenishment orders to certain stores only when their inventory level warrants it, daily/weekly/monthly/annual sales reporting and analysis, and data mining to discover trends and opportunities.

We can also help streamline your systems with your retail partners through daily data dumps, CSS feeds, EDI data, and most common retail vendor systems and extranet applications. These sources of retail data can be a valuable starting point for the creation of templates to monitor your sales activity and performance.

Accounting & Analysis for Retailers

Implementation of software to keep track of your inventory, accounts receivable, accounts payable, shrinkage metrics, average sales prices, comp metrics (year-over-year same store performance), daily/weekly/monthly/yearls sales reports and analysis, systems related to tracking and replenishing inventory levels per store, payroll and compliance services for retailers, operations consulting related to receipts and 3-way matching systems of accounting and payables management.