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Business

Retail

Retail Financial Mastery: Tailored Accountancy Solutions for Stores, Boutiques, and Chains.
18 - Industry - Retail (1)
Profit Margin Enhancement
Profit Margin Enhancement

Analyzing and enhancing profit margins, providing retail businesses with strategies to boost profitability and sustain growth.

Inventory Management
Inventory Management
Tracking and management of inventory ensure stock levels, minimize holding costs, and enhance overall financial efficiency.
Cash Flow Stability
Cash Flow Stability
Cash flow management strategies, provide retail establishments with the liquidity needed for day-to-day operations and strategic expansions.
Seasonal

Inventory Planning

Assist in planning for seasonal inventory fluctuations, ensuring retailers are well-prepared to meet customer demand and capitalize on peak sales periods.
Audit-amico
Audit Ready

Transaction Record Keeping

Stay organized with efficient transaction record-keeping, simplifying audits, and ensuring compliance with state or federal transaction regulations.
Personal files-amico
Avoid Surprises

Loss Prevention Strategies

Implement strategies to prevent inventory shrinkage and loss, safeguarding retail businesses from financial setbacks and ensuring accurate financial reporting.
Consulting-amico
Safe and Secure

Your Privacy & Security Matters

Our team goes above and beyond to not just meet, but surpass privacy and security standards. We are committed to safeguarding your personal information, ensuring its utmost safety and security at all times.
Security-amico
SIMPLIFIED & TRANSPARENT

Pricing

Bronze

$895

$805.50

Monthly

Meet legal requirements and avoid penalties

  • Reconciling 2 Banks, Credit Cards, And/Or Loans
  • Setup And Modify Chart Of Accounts For Management Needs
  • Forecasting, Budgets, And Strategic Planning
  • Annual Adjustment For Depreciation Of Fixed Assets

  • Monthly Review of Accounts Receivables and Payables

  • Annual Adjustments For Inventory Value
  • Annual Adjustments For Intercompany Loans
  • Monthly Client Review Meeting
  • Process And Manage Payroll
  • Process And Manage Sales Tax
  • Quickbooks Online Subscription/License (Up To 5)
  • Receipt / Invoice Integration
  • Accrual Basis Reports
  • Designated as 3rd Party Accounting Representative


  • 2 Hours A Month Bookkeeping Team Time (Email Only)
  • CPA Team Time



  • Target Completion/Delivery Dates Before End Of the Following Month
  • Target Response Time Of 10 Business Days (Email Only)

 

  • Monthly Training/Knowledge Transfer



  • IRS or State Audit Support
  • Financial Paperwork Digitization

 

  • 3-Year Document Archival
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Most Popular
Silver

$1,595

$1,435.50

Monthly

Ensure compliance and good record keeping

  • Reconciling 2 Banks, and 2 Credit Cards, And/Or Loans
  • Setup And Modify Chart Of Accounts For Management Needs
  • Forecasting, Budgets, And Strategic Planning
  • Monthly Adjustment For Depreciation Of Fixed Assets

  • Monthly Review of Accounts Receivables and Payables

  • Monthly Adjustments For Inventory Value
  • Monthly Adjustments For Intercompany Loans
  • Monthly Client Review Meeting
  • Process And Manage Payroll
  • Process And Manage Sales Tax
  • Quickbooks Online Subscription/License (Up To 5)
  • Receipt / Invoice Integration
  • Accrual Basis Reports
  • Designated as 3rd Party Accounting Representative

 

  • 2 Hours A Month Bookkeeping Team Time (Email, And Phone)
  • 2 Hours A Month CPA Team Time (Email Only)

 

  • Target Completion/Delivery Dates Before 20th Of the Following Month
  • Target Response Time Of 5 Business Days (Email, And Phone)

 

  • 2 Hours Monthly Training/Knowledge Transfer

 

  • IRS or State Audit Support
  • Financial Paperwork Digitization

 

  • 5-Year Document Archival
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Gold

$2,895

$2,605.50

Monthly

Perfect for financial piece of mind and compliance

  • Reconciling 8 Banks, Credit Cards, And/Or Loans
  • Setup And Modify Chart Of Accounts For Management Needs
  • Forecasting, Budgets, And Strategic Planning
  • Monthly Adjustment For Depreciation Of Fixed Assets

  • Monthly Review of Accounts Receivables and Payables

  • Monthly Adjustments For Inventory Value
  • Monthly Adjustments For Intercompany Loans
  • Monthly Client Review Meeting
  • Process And Manage Payroll
  • Process And Manage Sales Tax
  • Quickbooks Online Subscription/License (Up To 5)
  • Receipt / Invoice Integration
  • Accrual Basis Reports
  • Designated as 3rd Party Accounting Representative

 

  • 4 Hours A Month Bookkeeping Team Time (Email, And Phone)
  • 2 Hours A Month CPA Team Time (Email, and Phone)

 

  • Target Completion/Delivery Dates Before 10th Of the Following Month
  • Target Response Time Of 2 Business Days (Email, And Phone)

 

  • 2 x 2 Hours Monthly Training/Knowledge Transfer

 

  • IRS or State Audit Support
  • Financial Paperwork Digitization

 

  • 7-Year Document Archival
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Interested in additional services?

Check out our Business Tax Preparation services

Frequently Asked Questions

If you can't find the answers to your questions, please don't hesitate to get in touch with a member of the TimoTax team.
Our firm specializes in retail accounting, offering expertise in profit margin enhancement, inventory management, compliance, and strategic financial planning tailored to the unique needs of retail stores.

Effective cash flow management ensures retailers have the funds needed for daily operations, inventory investments, and strategic expansions, contributing to long-term financial success in a competitive market.

Retailers encounter challenges related to varying sales tax rates, exemptions, and changing regulations. Our experts navigate these complexities, ensuring compliance and minimizing the risk of penalties.
Yes, specialized accounting software for the retail industry streamlines financial processes, provides real-time insights, and enhances overall efficiency. Our firm guides retailers in selecting, training, and optimizing such tools for their business needs.