Retail & wholesale
Accounting for retail and wholesale businesses
The shift to online shopping is proving to be challenging for many high street retailers. The combination of increasing overheads, falling footfall and price pressure from online competitors means retail businesses are having to evolve in order to survive.
Wholesale businesses have considerable challenges too. Pressure on logistics as a result of the pandemic have impacted on the supply chain, inventory and ultimately cash flow, with ‘uncontrollable factors’ making strategic planning difficult.
In both sectors, many businesses have physical and e-commerce sales channels and need to be able to report on volume of sales and profitability for each of these.
Our team have experience of working with a wide range of retail and wholesale businesses operating different trading models. Using the latest online accounting solutions, we will help you to navigate obstacles by providing access to accurate, real time financial data for your business. This allows for a more responsive, flexible approach to adapting to trends and market conditions.
We take time to get to know your business so we can advise on everything from strategic planning to accessing finance and providing support with payroll and VAT services.
We can assist with:
- Tax planning & compliance
- Audit and assurance
- Internal control reviews
- Due diligence for acquisitions and disposals