Accounting Solutions for

Retail Stores

Start With Bookkeeping Services

The retail market is fast-paced and one of the most challenging and competitive business environments out there.

From the rapid growth of online shopping platforms to a shift in consumer spending habits, most retailers have had to adapt to tremendous change and an increased pressure on their operating margins.

This pressure has only exacerbated in recent years too, with much of the sales going online since Covid along with a reduction in high street footfall.

As specialist advisors to this sector, we understand the challenges it faces and our experts will give you ongoing financial guidance, helping you make the right decisions at the right time.

Why work with Lazar Accounting Solutions?

Retail Specific Advice

Sales tax reporting, cash flow analysis, employee benefits, inventory management, gift card programs, etc.

Tech Savvy

Experience with retail program (Retail Pro & KWI) alongside accounting software (Mass 90).

Reporting Specialists

We help see your profit margins by line and department at a glance.

Profit Potential

We identify where your profit potential exists and where it will come from in the future, so we can optimize it.

Range of Services

A range of services suitable for everything from small local start-ups to multiple store chains.

Data Ownership

We give you the data to improve business decision-making and enhance profitability.

Flexibility

We work with you to develop and implement customized retail systems to prevent fraud and wasted shelf space.

Sandra helped me set up my books and handled the sales tax return for me. The Process was very simple and affordable. I look forward to working with Sandra on my bookkeeping & accounting going forward.

— Morris Haddad, Highland Stickers

Sandra computerized our books and set up an inventory system for our retail stores that enabled us to see our profits by item, department and store. This enabled us to sell more profitable items and increase our bottom line tremendously.

— David C Cohen, Bargain Man Stores

How we help our retail clients

Sandra has worked for over 15 years as a CFO at a chain of six retail stores in Manhattan and New Jersey helping with general accounting requirements and overcoming challenges in the sector. The most significant contribution was implementing a POS system in their stores.

After implementing KWI and Mass 90 by Sage (retail POS and accounting programs), she could then customize the financial reporting, allowing the executives to analyze profit margins by item, department, and space within stores and by buyer. As reports were sent out weekly, the client could make confident business decisions with accurate, up-to-date numbers.

Key Findings

As a result of analyzing the data, theft by customers and cashiers was discovered in two different stores. In addition, it was also identified that having a warehouse for merchandise was too costly.

Benefits

With this information, the client could then reduce their overhead by giving up the warehouse and having merchandise delivered directly to stores, leading to a significant increase in profits.

Ready to take control of your finances and grow your business?

Let us help you build a financially healthy and sustainable business that supports your desired lifestyle.

Get Started

(718) 412-2004 | info@lazaraccounting.com