We help businesses level up their accounting process so they can maximize their resources and rely on a strong foundation to make good financial decisions. We make sure our clients are positioned to improve their cash flow, increase profitability, and have accurate, up to date financials.
Retail and wholesale operations have more moving parts than other businesses. You negotiate with suppliers, oversee deliveries, manage inventory. And that’s just one side of the coin.
You most likely have multiple sales channels, multiple payment methods and yes, you still have to manage your POS. As if those were not enough, you also have Human Resource and Accounting issues to deal with. It can be overwhelming.
At Vertaccount, we unburden you of your heavy accounting workload by taking care of the headaches related to managing your many transactions . We do it because bookkeeping and accounting is our passion.
Retail/Wholesale Industry Specific Services
- Sales Order & Invoicing
- Accounting and Reconciliation of Customer Credit Card Payments
- Purchase Order Processing
- Inventory Monitoring and Reconciliation
- Industry Specific KPIs and Reports – Inventory Turnover Report, Stock Turnover Days,
- Break Even Analysis, Gross Margin Analysis
- Best Practices / Policy Formulation / Forms Development
Frequently Asked Questions
No we won’t. We would require someone on-site to do the physical inventory count. However, we can perform regular reconciliation with your inventory, physical count and accounting systems to capture balances.
We can work with any existing system that you are already using.
Yes, but we will need to work with the POS vendor. We can definitely share best practices.
Yes, we can. Â We can even track the payments of each invoice that you send out to your customers.
Yes, we can. We can manage those including all your credit card merchant fees.
As a rule, we do not make vendor payments or collect customer payments on behalf of our customers. This is a form of internal control and not because we are not able to do them.
Accounting is a 2 way street. For us to produce financials and for those financials to have meaning for your business, then we need to work together. We will do our part, but we need you to do your part as well.
What we need you to do are:
- Do your physical counts regularly.
- Ensure that your POS is being used properly. The POS will most likely be the source of your revenues and receiving inventory. If those are unreliable, then your reports will be unreliable as well.
Contact Us Today
To learn how we can help you improve your business, you can fill out the form below or call us in the numbers listed.