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Immediate personalised accounting for retail services
We have supported many retailers in significantly reducing their bookkeeping and tax compliance costs while also helping them generate more financial benefits.
We know how hard it is to juggle everything, from family life and work obligations. That's why our team of expert retail accountants promises quick responses in order for you not only to concentrate on what matters most but also to have peace of mind knowing that all your questions will be answered promptly.
- Enhance your business profitability.
- Build a strong financial foundation.
- Ensure your records are accurate and up-to-date.
- Plan and improve your tax strategies.
Our team of certified retail accountants can collaborate with you to:
offerings
Retail accounting for small business
Retail accounting for small business
With our retail accounting services, we provide small businesses with the following benefits:
Expert Quality
Our team is committed to providing top-notch accounting advisory services to ensure your financial success and peace of mind.
Personalised solutions
We not only offer standard bookkeeping services but also tailor our solutions to fit the specific needs of your small retail business.
Experienced
With our years of experience, we stay up-to-date with industry trends and regulations to provide you with the best solutions.
Value-For-Money
We ensure you only pay for the services you need and use. Our transparent pricing ensures that you get the most value for your money.
Packages
Fixed monthly fee for
Fixed monthly fee for
a defined scope of services
Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work:
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Unlimited support
Quick onboarding
Select package
Only Bookkeeping & BAS
Only bookkeeping and BAS (Does not cover tax returns, payroll and super):
$225/month
*ex GST
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
- Full financial statements
- QuickBooks subscription
- Annual business tax return
- 2 x directors' tax returns
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Bookkeeping & Tax combined
For bookkeeping, BAS and tax returns (but no payroll or Super included):
$165/month
*ex GST
- Annual business tax return
- 2 x directors' tax returns
- Full financial statements
- Software subscription
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Bookkeeping, Tax & Payroll
All inclusive package: Bookkeeping, BAS, payroll, Super and tax returns:
$185/month
*ex GST
- Annual business tax return
- 2 x directors' tax returns
- Full financial statements
- Software subscription
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Add-Ons:
Businesses often require assistance with certain additional accounting tasks. To ensure flexibility to our clients, we offer hourly billing options for these additional tasks.
Accounts payable
Manage your bills, pay your vendors on time, and keep your cash flow in check.
From $99/month
*ex GST
Accounts receivable
Streamline your invoicing, track payments, and manage your cash flow efficiently
From $99/month
*ex GST
Multi-currency
Xero multi-currency allows you to receive payments in 160 currencies
From $99/month
*ex GST
How accounting in retail is different from other industries?
Accounting in retail is fundamentally different from accounting in other industries. One of the key differences is that the retail market is highly competitive, with intense pressure to offer low prices and attract large numbers of consumers.
This requires constant monitoring of product costs, sales volume, and trends in pricing, all of which must be considered when evaluating performance.
Furthermore, retailers often experience seasonal fluctuations in their cash flows, which must be accounted for in balancing the books.
Overall, strong accounting skills and a keen understanding of the retail landscape are critical for success in this sector.
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What does our retail accounting
bookkeeping service include?
Financial statements
We can help you stay ahead of the competition by providing accurate and timely financial statements for your retail business.
Valuable advice
We're not just experts in accounting, but retail too. We can provide valuable business advisory service to help your business reach new heights.
Tax Planning
We have a team of experts who will work with you to devise efficient tax strategies and minimise your liabilities.
BAS/IAS Lodgement
Our experienced team will guide you through the BAS and IAS lodgement processes, ensuring a streamlined experience.
Why us
Why choose CleanSlate for your retail business?
When it comes to running a successful retail business, accuracy is key. That's why CleanSlate is the perfect choice for anyone looking for a reliable and affordable retail accounting solution. Here are a few other reasons to choose us:
Our team of certified retail accountants has the experience and knowledge to handle all your accounting needs.
We offer remote services, allowing for accessible communication and a stress-free experience.
We tailor our services to fit the unique needs of your retail business.
Our team is committed to keeping all your information confidential and secure.
We value transparency and open communication, keeping you updated every step of the way.
Call now
TESTIMONIALs
Client reviews
Josel Jose
(A vivid property investor)
If you're looking for an excellent accounting and tax service, CleanSlate is definitely worth considering. The team is very professional and supportive, and the process is streamlined and efficient. Overall, I've had a great experience working with them!
Questions
Frequently
Frequently
asked questions
Accounting for retail can refer to several different processes, including managing inventory and profitability, organising cash flow and finance, and tracking expenses and sales.
At its core, accounting for retail is about understanding the financial aspects of running a business. For example, it involves tracking expenses such as employee wages, facility costs, and transportation logistics and monitoring stock levels to ensure enough products are available to meet customer demand.
To be successful in accounting for retail, businesses must also have a firm grasp of market trends to make informed decisions about pricing strategies, marketing campaigns, and product launches.
Ultimately, the effective accounting for retail is to improve profitability by increasing revenue while minimising costs.
There is no one-size-fits-all answer to this question, as it depends on various factors, such as the size and specific needs of the business. It may be helpful to research options commonly used in the retail industry and have features tailored for retail businesses. Consulting with a professional retail accountant can also be beneficial in choosing the right cloud-based accounting software for your business.
Accounting for retail can provide valuable insights into a business's financial health and operations. This, in turn, can improve decision-making and overall efficiency and productivity.
It can also ensure compliance with relevant laws and regulations, helping to avoid potential legal issues. Overall, investing in good retail accounting practices can lead to improved profitability and success for the business.
Outsourcing accounting tasks for the retail business can be beneficial in a variety of ways. It can save time and resources by allowing business owners to focus on running their operations rather than managing accounts and finances. It can also provide access to expertise and specialized knowledge, helping to improve financial management and decision-making.
Outsourcing can also reduce the risk of errors and ensure compliance with relevant laws and regulations. Overall, outsourcing retail accounting can provide a valuable resource for the success and growth of a business. However, it is important to research and choose a reputable and reliable provider carefully.
When it comes to retail accounting, accuracy is of utmost importance. To ensure accuracy in your retail accounts, it is crucial to develop an adequate recordkeeping system that tracks prices and sales figures.
At the same time, you should maintain clear and consistent processes for recording inventory movements and tracking costs.
Additionally, it is important to allow enough time for audits and reviews of your finances, as this will help to uncover any mistakes or discrepancies that may have otherwise gone unnoticed.
By staying organized and paying attention to the details, you can be sure that your retail accounting is as accurate as possible.
Some common challenges in retail accounting include managing high volumes of transactions, accurately valuing and tracking inventory, pricing strategies, and meeting specific tax laws and regulations for the retail industry.
It can also be a challenge to keep up with rapidly changing market conditions and competition. Working with a professional accountant or outsourcing accounting services can help to navigate these challenges and ensure the financial success of a retail business.
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Book a meeting with us
Our team of retail accounting experts understands the unique challenges of managing day-to-day operations, so we are here to help you streamline the process and maximize profits with our customized retail accounting solutions.
Resources
Explore our resources for
Explore our resources for
managing small business finances
Easy to read e-books, guides, and calculators to help you run your business smoothly.
E-books
Our e-books provide valuable insights that will help manage your accounting function.
ExploreCalculators
Our easy-to-use calculators are a great way to explore financial health of your business
ExploreForms
For a business set up or streamlining your current operations, our online forms can be a real help.
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