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A shop's profit lives in its stock, margin and footfall. We keep the numbers tight so you know which lines make money before the year end.
Retail accountants look after stock valuation, VAT retail schemes, EPOS and card reconciliation and payroll. Most shops need the Complete package at £62.50 + VAT a month, with Growth for larger teams.
The parts of the rules that matter most for this kind of company.
Shops selling to the public can use special retail schemes that simplify VAT on mixed-rate takings. We pick the one that suits you.
Year-end stock is valued at the lower of cost and net realisable value and is a major driver of profit.
Payment processors and marketplaces take fees before paying out, so payouts never match sales without reconciling.
Christmas and summer peaks need cash planning for stock, staff and VAT.
The parts of the job that matter most for this kind of company, and how we handle them.
Shops with mixed VAT rates often use a retail scheme, which lets them calculate output VAT from daily gross takings rather than invoice by invoice. There are several schemes, and the right one depends on your mix of standard, reduced and zero-rated goods and your turnover.
We look at your product mix, test the options against a quarter of real takings and put the best scheme in place.
For a shop, stock is often the largest asset and a driver of profit. The year-end valuation, normally at the lower of cost and net realisable value, directly changes the tax bill. We run a count sheet and compare it with your records to find shrinkage, and we write down slow-moving lines if their value has fallen.
During the year, a monthly margin view by category shows where the profit comes from and where discounting is costing you.
A shop with an online store has two sets of payouts and fees to reconcile. We connect your card terminals and platforms to the ledger so the net payout matches the bank and the fees are visible.
We also check that business rates reliefs for small premises have been claimed, and that the cost is in the right period.
Rates are a major cost for shops, and reliefs are available for some small premises. We make sure claims are in.
What happens, and when.
An overstated figure raises profit and tax, and an understated one hides margin.
Online and in-store results hidden in one number makes pricing decisions harder.
Peak stock buying needs cash set aside before the sales arrive.
Prices exclude VAT. Final price depends on turnover and options.
Micro and new companies
£45.83a month + VAT
Trading and online businesses
£62.50a month + VAT
Growing, data-led teams
£75a month + VAT
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A scheme that lets shops with mixed VAT rates calculate output VAT from daily takings in a simplified way. We help you choose the right one for your tills.
Tell us about your company and we will confirm your fixed fee within one working day.