Accounting software for retail and shopkeepers

When you’re working in a fast-paced industry like retail, you need a place where you can effectively manage your stock, cash flow and invoices, so that you can focus on delighting your customers. Sage Accounting does just that, helping retailers, e-tailers and shopkeepers:

• Get a clear view of stock so that you can ensure your inventory isn’t too big or too small
• Get paid faster by automating and setting up recurring invoices
• Stay in control by viewing a cash flow forecast with real-time insights
• Manage your finances no matter where you are on your mobile
• Review orders that are in the pipeline and pending
• Save hours of time by reducing your admin burden
• Connect your banks and import transactions from your points of sale
• Pay employees on time, every time
• Ensure compliance with VAT returns to HMRC
• Give your accountant or bookkeeper permission to view your finances and collaborate with them in real-time

Retail business accounting is a technique that values all stock based on each item’s selling price rather than the acquisition price. This method gives you a way to keep track of costs to see losses and what’s left over. And they use the estimated retail cost to work out the value of items in the inventory.

With Sage Accounting software for retail shops, you can collaborate securely with your accountant in real-time. Your accountant will help you check your shop's books before submitting a tax return to HMRC. They can also advise on how much tax you should pay.

Use point of sale accounting software to manage accounts in a more efficient and accurate way.  Sage Accounting will sync transactions from your business bank account automatically. You can snap and capture receipts on your phone as soon as you get them while you’re on the go using AutoEntry. And you can review your retail store books each week, month or quarter. Work with an accountant before a return to HMRC.

Spend less time on admin and more time on your retail business with a paperless way to manage receipts. Simply snap and scan a photo of your receipts, bank transactions, invoices or other documents for your Sage accounts using AutoEntry. Then categorise, publish and share them with your accountant through Sage Accounting. AutoEntry captures tax summaries and full line item details including description, quantity and unit price so it’s an easy way to log the information you need, when you need it.