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Retail
Retail, whether on the high street or online, is a major part of the UK economy.
It’s no surprise, then, that so many of our clients run businesses built around shops or retail chains, not only in Scotland but across the UK.
We’ve developed our own internal management accounting systems for these clients, allowing retail managers to monitor individual retail sites, or compare several. This enables fast, confident decision making and keeps them competitive.
We also provide employment advice as part of our payroll services. Retail is reliant on flexible workforces, including part-time and full-time staff, working various shift patterns. Many also earn commission, requiring complex calculations to ensure fairness and accuracy.
Our relationship with software developers has also led to the provision of electronic point of sale (EPOS) and stock control systems for clients. We also work with any existing commercial retail systems you might have in place.
VAT is an especially important issue for retailers. We provide clear advice on the different retail VAT schemes, each of which has its pros and cons, as well as handling VAT registrations and VAT returns for retailers.
Our retail accountant service includes…
- Core accounting and bookkeeping services
- EPOS system integration
- Stock control
- Retail VAT schemes
- Management accounting reports
- Payroll and employment advice
