Is your retail business as profitable as it could be?

Our monthly consultations are in-depth and robust, designed to uncover any opportunities or threats your business may face. All relevant information is benchmarked against actual averages measured amongst similar stores in our client base, meaning you can compare performance against your peers every month.

We strongly emphasise Income Statement items like Gross Profits, Expenses, and Net Profit. We also keep a close eye on other things affecting cash flow, like:

• Trade creditors and debtors
• Sundry creditors and debtors
• Stock levels
• Tax and VAT liabilities

We stand by the adage that one cannot manage something if one cannot measure it.
Each month, we provide the insights and practical learnings you need to implement sustainable change in your retail business. All figures relating to the following are broken down by major departments, meaning you can measure each element in relevant detail:

We understand that time is of the essence when it comes to these things. That’s why we invest a lot of energy in setting up and maintaining the accounting systems at a client level, so that we can produce reliable monthly accounts in the shortest possible time without ever compromising on quality.

For your monthly accounts to be accurate, the information fed into the system at a store level needs to be at a certain level. We offer continuous support to your team to ensure this is achieved. Various cloud-based accounting systems are also utilised to help in-house bookkeeping staff maintain the required levels of efficiency and accuracy.

In cases where you may not have in-store bookkeeping staff, we have positioned ourselves to be able to provide these services on an outsourced basis.

We have also developed a cloud-based accounting software package called RetailRecons to enhance the accuracy and efficiency of clients who opt for the Pastel solution.

The RetailRecons CashUp tool automates the accurate and detailed recording and import of all sales information into Pastel.

The RetailRecons Trade Creditors tool enhances the process of reconciling trade creditors.

Both tools ensure the accuracy of numerous control accounts in the balance sheet.

In addition, we also support clients who prefer to use the EasyAccounts Software, thereby enabling them to benefit from our complete range of services.

Our experienced operational consultants provide ongoing training, mentorship, and guidance on best practice systems and controls in the retail industry. These weekly sessions can be done either on-site or virtually via online sessions.

We offer a full spectrum of accounting and bookkeeping training, including but not limited to:

• The complete setup of accounting systems in-store
• Training and support for in-store staff on all accounting and bookkeeping systems
• Ongoing back-up and support for all accounting staff

Ultimately, our goal is to train your staff to maintain the effective systems we have set up for them, ensuring that your accounts are reliable and consistent.