Starting a retail shop or franchise can lead to both thrill and fulfillment. It’s obvious that the journey will also have multitudes of obstacles and hurdles. 16.7% of retail businesses fail in the first year and only 30.4% managed to stay afloat beyond the initial five years, showcasing a low survival rate. When you look […]
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Are you tired of the constant chaos in your retail operations? Do you want to take the next step and streamline invoicing and inventory management, but feel overwhelmed with where to begin? If so, you’re not alone. The world of retail is dynamic and fast-paced; whether you’re dealing with local brick-and-mortar stores or eCommerce marketplaces, […]
Retail businesses of all sizes have some unique challenges when it comes to accounting. They must factor in numerous variables to achieve an accurate picture of the state of their current business. If you are facing the challenge of keeping track of your unsold inventory and want a reliable way of estimating its worth, the […]
The retail industry is probably the industry that the average person is the most familiar with. We buy food at the grocery store, order things online, and get fuel at the gas station. But when it comes to accounting, there are some unique aspects to be considered because there are some accounting processes involved in […]