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