Retail Accounting for Food Stores

Grocery Store Accounting

Retail businesses like grocery stores, coffee shops, liquor stores and restaurants are confronted with a number of issues that impact profits. Variables like high employee turnover, seasonal changes in traffic and rising energy costs can impact cash flow and your bottom line. Working with a New Jersey accounting firm with experience in retail accounting is essential to the continued success of your business. Business Accounting Systems, P.C. will develop financial strategies to reduce expenses, streamline operations, improve internal controls and increase profitability. We can also take time-consuming tasks like bookkeeping and payroll off your hands so you can focus on managing your day-to-day operations. We deliver weekly financial reports so you’re always informed and are available to talk when you need advice on tip reporting, inventory management or overhead analysis.

If you prefer to keep some of your bookkeeping functions in-house, we’ll get you setup on QuickBooks or QuickBooks Point of Sale® accounting software and will review your records at regular intervals to ensure accuracy.

Retail accounting and tax for food and grocery stores

Running a successful retail business is challenging enough. Let Business Accounting Systems, P.C. handle the challenges on the financial end of your business. We offer the focus and dedication you can only get from an accounting firm that understands retail accounting. We work with all kinds of retailers including privately owned and multi-state chains. Licensed in NJ with over 50 years experience, call us today at 856-853-5422 or request a free consultation through our website to learn more.

  • Outsourced accounting and bookkeeping
  • Payroll processing
  • Sales tax and payroll tax services
  • Tax planning strategies to minimize your tax liability
  • Budgeting and forecasting
  • Tip reporting and allocation
  • Inventory management systems
  • Monitoring overhead
  • Profitability analysis
  • Menu pricing analysis
  • Outsourced CFO and controller services
  • Monthly financial statements
  • Bank reconciliations
  • QuickBooks setup and support services
  • Help selecting the right point-of-sale accounting system