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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:
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.
There are plenty of ways you can save time with Sage Accounting. Here are some examples:
Automate manual tasks
By automating tasks, you can cut down the amount of time you spend on manual data entry to save money and focus on the areas of the business that need the most attention.
AutoEntry
Spend less time on admin and more time on your retail work with a paperless way to manage receipts. Simply snap, scan or email 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.
Other ways to save time:
Get added functionality with our partner apps which integrate directly with Sage Accounting, bringing you more tools that help you get the job done.
Make taking payments, painless
Integrate Square with Sage and save time. Eliminate manual data entry by reconciling transactions automatically, and monitor business performance.
Make it easier to get paid
No more chasing late payments – give your customers simple and easy ways to pay you directly from the invoices you send with our useful “Pay Now” buttons.
Hassle free ecommerce accounting
A2X posts Shopify, Amazon and eBay sales and fees directly into Sage Accounting in summaries that match the payments to your clients' bank account.
Automate sales admin
Connect Sage Accounting to point of sale apps like Stripe, PayPal, and Square to reduce sales admin, optimise sales performance, and manage finances easily.
"We couldn't believe what Sage could offer us as a company. The bill of materials that this product offers allows us to track each drop of oil."
Ellie Dunmore,
Co-founder, Penny Price Aromatherapy
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