Ecommerce & Retail Accounting Experts

Are you a retail business owner seeking to streamline your financial operations, or perhaps an established retail chain looking for an efficient and reliable bookkeeping solution? Our Retail & Ecommerce Accounting Services are specifically designed to meet your unique needs.

With our extensive industry experience and unique approach, we provide a comprehensive suite of accounting services tailored to the retail sector. From processing payments to inventory management, tax compliance, and financial analysis, we've got your financial needs covered.

30-50% Cost Savings

Skilled

Employees

300+ Clients Globally

Domain

Expertise

Key Retail Accounting Services

Our retail accounting services offer a comprehensive range of solutions designed to streamline your financial processes, guaranteeing accuracy, compliance, and providing strategic insights for your business. Here are the key benefits:

Bookkeeping:

• Efficient Accounts Payable (AP) processing, including vendor setup, invoice entry, and payment processing.
• Streamlined Accounts Receivable (AR) processing, including sales invoicing, managing customer receipts, and payment collection.

• Bank reconciliations for operating, investment, and merchant accounts.
• Supply chain/channel partner reconciliations, including vendor, channel partner, reseller, and distributor reconciliations.
• 2 way/ 3 way reconciliations between POS/online store, merchant account/payment gateway, and accounting system.

Bank Reconciliations:

Financial Analysis:

• In-depth financial analysis and strategic guidance to drive your business forward.
• Conducting financial analysis to identify trends, strengths, and weaknesses in retail. Offering insights to enhance cost efficiency, pricing strategies, and overall financial performance.
• Monitoring cash flow to ensure liquidity and meet financial obligations.

Management Accounts:

• Preparation of financial statements, including income statements, balance sheets, and cash flow statements.
• Providing regular financial reports to stakeholders for decision-making.
• Preparing customized financial reports for decision-making and control purposes.

• Accurate financial reporting for smart decisions.
• Detailed monthly financial statements (balance sheets, income, cash flow).
• Thorough month-end closing for accurate financial records.

Financial Reporting:

• Strategic financial planning to help you achieve your business goals.
• Assistance in creating and managing budgets to plan for future expenses and revenue.
• Conducting variance analysis to control actual spending and assign responsibilities.

Budgeting & Forecasting:

Audit support:

• Assistance in preparing for and navigating internal and statutory audits.
• Facilitating and supporting financial audits to ensure compliance with regulatory requirements.
• Assisting in the preparation of audit documentation and responding to auditor inquiries.

• We focus on efficiently managing your inventory to optimize your retail operations. This involves maintaining adequate inventory levels, minimizing the risk of stockouts or excess stock, and enhancing overall operational efficiency.

Inventory Management:

• Our Retail Dashboard is expertly crafted to provide you with tailored, real-time insights. These insights are carefully customized to address the unique requirements and intricacies of your business, ensuring that you receive the most pertinent and valuable information for your decision-making processes.

Retail Dashboard:

Payroll Recording Service:

• Efficiently managing payroll is crucial to ensure that your staff receive accurate and timely compensation. This straightforward approach to handling wages ensures that your team members are paid without delays or errors, fostering a reliable and effective workplace environment.

• We specialize in efficient and precise VAT return filing, expertly managing all aspects from preparation to filing the return.

Tax Compliance:

Management Accounts for UK Business

We offer comprehensive financial management services, including regular reports to guide decision-making and promote financial health. OHI provides detailed, customizable reports for monthly or weekly accounting.

Profit and Loss Statements: These reports provide a clear insight into the company's income and expenditures during a specific timeframe, allowing businesses to gauge their operational efficiency and profitability.

Balance Sheets: Crucial for appraising a business's financial standing, balance sheets offer a snapshot of the company's assets, liabilities, and equity at a particular moment, aiding in the assessment of financial stability and solvency.

Annual Budget and Forecasts: By providing forecasts of future revenue and expenses, these reports assist businesses in planning and strategising for the approaching year, guaranteeing improved financial management and goal setting.

Cash Flows: Cash flow statements are essential for monitoring the incoming and outgoing cash, which is critical for comprehending the liquidity and financial flexibility of the business.

Accruals & Prepayment Schedules: These reports offer insights into future cash needs, enhancing financial planning by recording expenses and revenues in the period they occur, irrespective of when cash transactions occur.

Variance Reports: These reports compare the actual financial performance to budgeted figures, drawing attention to disparities and areas requiring scrutiny or adjustment.

Retail outsourcing services

Keep your focus on driving business value by outsourcing non-core functions to dedicated experts.

Finance and Accounting

Our specialization in Finance and Accounting results in a shallow learning curve and high-quality work.

Easy Scaling up due to our current team size of 300+ team members.

Team Members

With our extensive industry experience, we understand the unique challenges of retail businesses.

Extensive Experience

Unique Approach

Our retail accounting services are tailored to meet the specific needs of your business.

Our dedicated team is committed to providing exceptional customer service.

Dedicated Customer Service

We leverage advanced technology for efficient and accurate bookkeeping.

Advanced Technology

Why Choose Us

Expertise in Finance and Accounting for Effortless Scaling.

Engagement Instead of Project

Timely Deadline Alerts

Constant Accounts monitoring

Expert Team Support

With our services, you will never fall behind on your HMRC deadlines. We keep you well-informed about all upcoming accounting deadlines, helping you sidestep any unpleasant surprises.

Our regular accounting services give you peace of mind, knowing that your account activities are under our vigilant supervision.

At OHI, we take immense pride in our client support. We are always here for you, ready to address all your queries, no matter how big or small. Schedule your consultation with us today.

Commercial

Amazon Sellers

Ecommerce

We work with...

As experts in retail accounting, we cater to your retail outlets across diverse industries. Regardless of your sector, we have a solution tailored to your needs.

Our proficiency in online commerce and expert accountancy skills are custom-made for your needs.

We collaborate with eateries, cafes, delis, and more, ensuring smooth sailing for your tax submissions.

We offer comprehensive reconciliation for Amazon FBA sellers, covering every aspect from storage to fulfillment.

Expertly handling your accounting needs, we provide tailored solutions for distributors and wholesalers.

You can depend on us to keep your financial records in check. We provide a wide spectrum of bookkeeping services.

Tradespeople

Distributors/Wholesale

Accounting for shop owners is made effortless with us! We oversee the entire process for you.

Retail Stores

We have specialized solutions for both franchisors and franchisees, helping you navigate the complexities of franchise business accounting with ease.

Franchisor/Franchisee:

Software Expertise

With expertise in a wide range of accounting software and platforms, our team of highly skilled professionals offers rapid learning curves and swift implementation of solutions.

Logistics & Transportation Accounting

Other Services

Business Intelligence Services

Real Estate Accounting

ESG Services

About Us

• 300+ served since 2006 across across North America, UK, Singapore and Middle East.
• High client satisfaction - Most of our clients have been with us since 8+ years.
  
• High expertise in QuickBooks (Pro, Premier, Enterprise and QB Online), Xero, NetSuite, Yardi, AppFolio, OneSite, MRI and Sage.
• Strong Functional Experience in end to end accounting processes.
• Spacious office set-up (30,000 square feet) with modern facilities and uninterrupted power supply.
• Senior management team with rich outsourcing and management experience since 2003 in global companies.

Staff Profiles

Junior Accountant

Junior accountants typically provide the following accounting services – accounts payable, accounts receivable, bank, credit card and vendor reconciliation, general ledger accounting and basic management reporting.

Staff Accountant can provide the following accounting services- General ledger accounting, payroll, monthly closing of books including finalization, simple monthly reporting with variance analysis.

Staff Accountant

£12

Hourly Charges

Onwards

Onwards

Staff Accountant

£1750

The indicative standard charges for Junior and Senior Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.

Pricing

Onwards

£12

Onwards

(160 hours per month)

£1300

Onwards

(160 hours per month)

Onwards

(160 hours per month)

£1900

£2500

Pricing

The indicative standard charges for Junior, Staff & Senior Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.

Client Profiles

Our diverse clientele spans various industries and sizes, from startups to multinational corporations. We tailor our services to meet the unique needs of each client, offering customized solutions and a dedicated approach to ensure their success.

Client Profiles

A luxury resort wear firm based in UK known for signature silhouettes, a feminine aesthetic and distinctive designer beachwear.

A mid size London based apparel company. It’s a growing company with retail operations in UK and sourcing locations across Asia.

A midsized CA firm in London, UK. The firm specializes in providing accounting and taxation services to real estate firms.

An online store selling a vast range of luggage related products like suitcases. The company's website has one of the largest hits in this category.

Useful Links

Services

Industries

Other Services

Contact Us

US Office

244 Fifth Avenue, Suite P228, New York, NY 10001, USA

453 S Spring Street Ste 400 PMB1245 Los Angeles, CA 90013

IND Office

E 46/8, Okhla Phase II, New Delhi -110020, India

+1 (646) 367-8976

sales@ohiaccounting.com

Useful Links

Services

Other Services

Contact Us

US Office

244 Fifth Avenue, Suite P228, New York, NY 10001, USA

IND Office

E 46/8, Okhla Phase II, New Delhi -110020, India

+1 (646) 367-8976

sales@ohiaccounting.com