Retail market segmentation |Basics Bookkeeping and Accounting Store

Retail market segmentation for Bookkeeping & Accounting retail stores tracking sales, expenses, payables, receivables. benefits and list of Retail market segmentation

Sky is the limit - soar high in the retail segment, with affordable bookkeeping from Velan!

Bookkeeping for retail businesses is often more complex and has a higher volume of transactions (sales, purchases and bank entries) than many service businesses.

Velan creates reports that reflect not only the traditional profit and loss statement, but reports that focus on same store revenues and expenses, revenues and expenses by product line and overhead expense containment. Inventory is one of your biggest investments, so we have created reports that maximize inventory turns and control costs.

In-house accountant cost = Salary + Tax + Incentives + Vacation Pay
A Velan accountant cost < Salary

Do the math.

Did we mention an in-house resource is not always available, needs training and increases the need for infrastructure in your office? You need proper business processes in place and more often than not, an in-house resource demands a quantum of supervision effort from you or a supervisor. Are your ready to shell out all of these additional operating costs? Reach out to Velan instead. With Velan Financial team, you will always have timely & accurate financial information.

Outsourced Services for Retail Businesses

  • Outsourced bookkeeping services
  • All tax services - business and multi-state
  • Point-of-sale bookkeeping
  • Cash flow analysis
  • Financial statements
  • Reports generation
  • Weekly, monthly and quarterly reports
  • Invoice preparation


Outsourcing has a multitude of benefits for Retail Businesses

 Access to experienced and professional Bookkeepers

 Save time and focus on growing your business

 Up to date book of accounts – help you take quick business decision

 Improved cash flow

 Cash-in on early payment & festive discounts from your suppliers/vendors

 Accurate financial reporting can lead into good budgeting, financial planning, and tax planning.

Your retail business can do more if you give it your 100%. Statistics indicate that retail business owners spend almost 30% of their time dealing with irregular and frustrating accounting.

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