How to bookkeeping in a store
Video: Bookkeeping Basics for Small Business Owners 2024, July
Opening a store, in addition to purchasing goods and attracting customers, brings a lot of trouble with keeping records. The tedious work of studying documents, extracting, filing and processing often seems empty and stupid. But this is not entirely true. Subsequently, with a careless attitude, the need to restore accounting will come.
Instruction manual
1
With careful bookkeeping, accounting data will come in handy for you in any situation. Therefore, keep it, even if legislation allows you to not do this in your case. In any case, you will have to fill out the necessary tax documents (for fiscal authorities), and management accounting based on accounting will be needed to analyze many aspects, record goods and determine the store’s performance.
2
Hire a professional accountant in order not to worry about quality and timely accounting, delving into all the nuances. Thus, you will always have at hand any necessary information, the relevance and accuracy of which is guaranteed to you. At the same time, chores with incoming and outgoing documents, their synthesis and analysis, will bypass you. This method is the most expensive, but also the most reliable. In the person of an accountant, you will find a good assistant.
3
Contact a company specializing in accounting services. There are a lot of them, and the cost of assistance in maintaining records is different. It depends on the image of the company, convenient mutual communication, the presence (or absence) of insurance, the amount of work. You will pay less than when hiring a personal accountant. But there is a high probability that different people who are not interested in the features of your store will be engaged in your affairs.
4
Specify in the contract full support from the introduction of primary documentation to the submission of tax returns. Or engage in the input and synthesis of the primary ones yourself, and entrust only the functions of processing the information you have collected to the accounting firm. Make a condition to advise you for a fee on certain issues. A big minus in this situation will be the need to constantly carry or send documents to the company, after collecting them and distributing them by type.
5
Keep records in the store on your own. To do this, you only need the desire to understand everything and time. Buy a specialized program (the most common of them is 1C: Accounting) with adaptation to trade, which largely automates the process. With her, you will only need to most fully and promptly enter the incoming documents. She will do the rest for you.
6
Design your own accounting registers that will be most convenient for you. They should reflect information on the arrival and expenditure of the goods (for tracking balances), accumulate the amount of expenses (for cost analysis), track the daily amounts of cash receipts and return them to the bank (for calculating revenue and cash balances), and payroll along with their payment (to exclude debt), the amount of deliveries and their repayment in a timely manner (to exclude overpayment or penalties for untimely repayment of a debt) is shown - and much more that when conducting trade ce needed daily.
