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Retail Stores and Ecommerce

BFG help companies that engage in retail services (both online and bricks-and-mortar) manage their accounts payables, inventory, and operations-reporting, as well as meeting their more complex financial requirements.

Before we begin working with you, we will first make a comprehensive assessment of your company and your financial requirements. We will then begin to tailor a package to suit your specific needs. Suffice to say that all of our solutions are fast, cost-effective and conducted to the highest standards, allowing you to focus on your primary consideration: managing and developing your businesses.

Our primary roles within retail and ecommerce:

  • Financial Reporting and Analysis:  We provide profit and loss statements, balance sheet and cash flow statements so that you can quickly and effectively check your company's performance. We will also walk you through a quick snapshot and diagnostic of your company through financial ratio analysis.
  • Inventory tracking and management:  We help you track inventory bought, inventory held for samples, inventory held for sale and write offs and can then generate reports on the detailed information of each inventory items, including stock on hand.
  • Accounts Payable and Vendor Management:  Not only do we track vendor bills and statements, we also ensure that no vendor payment is duplicated or missed and that payments are made to the correct vendor.
  • Purchase Order:  We help you create timely and effective purchase orders by tracking inventory levels vs sales to ensure out-of-stock situations are minimized.
  • Sales tracking and analysis:  We conduct product and category level analyses to develop our understanding of which product or categories are most profitable.  We also conduct sales analyses to measure the ROI of your marketing campaigns.
  • Returns tracking:  We help you track customer and vendor returns and make sure that these are reflected in sales information, inventory costs and payments.
We help you to keep on top of the dynamic and often erratic nature of retail and ecommerce business.  Our tailored packages and our team of qualified and experienced accounting professionals will ensure that - whatever else is going on in your business - you don't have to worry about your finances.

Please get in touch with a member of our team if you would like a no obligation assessment of what BFG could do for you.