In need of a bookkeeper and accountant for your candle shop? We'll manage your books, giving you more time to craft your perfect scents. Try our services for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
In need of a bookkeeper and accountant for your candle shop? We'll manage your books, giving you more time to craft your perfect scents. Try our services for free.
Our team invests time to fully appreciate your candle shop operations, address all your queries, assist you in connecting your accounts, and guide you through the workings of Accracy.
Every month, your dedicated bookkeeper sorts out your candle shop's transactions and crafts financial reports. If any further information is required from you, they won't hesitate to reach out.
Every month, your dedicated bookkeeper sorts out your candle shop's transactions and crafts financial reports. If any further information is required from you, they won't hesitate to reach out.
We consistently provide bookkeeping updates specific to the unique needs of candle shop businesses. Have urgent inquiries that simply can't be delayed? Rest assured, we'll respond to you in less than one business day.
Our platform empowers you to streamline data inputs from most key providers, eliminating the typical errors. We team up with vendors like Gusto, Stripe, Shopify, and Squareensuring the finances of your candle shop are always meticulously precise.
Say goodbye to the mountains of invoices and tiresome manual tracking — we automate data directly from your connected accounts specifically for your candle shop. Gain easy-to-understand insights from one centralized dashboard so you can effortlessly comprehend the financial health of your candle business and make strategic decisions.
At Accracy, we understand that candle shop owners have unique bookkeeping needs. Our professional bookkeepers and intuitively designed software help manage a plethora of issues, including tracking specific raw material costs, inventory control of a wide range of candle types and scents, and revenue projections from retail and wholesale channels. More importantly, we comprehend the seasonality aspect - with major sales surges around the holiday season - and advice accordingly to handle cash flow and plan for tax payments.
Even for a seemingly simple business like candle shops, industry-specific taxes and laws can be complicated. As part of our services, we ensure that small business owners like you are keeping up with the latest regulations. For instance, integrating sales tax for online sales can be a particularly thorny issue for small businesses operating ecommerce platforms. At Accracy, we navigate these complexities for you, leaving you with more time to focus on growing your business and creating beautiful, unique candles. It's all part of our mission to make bookkeeping effortless for small businesses.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a candle shop owner, you can claim a variety of expenses on your taxes. Some of these include:
Do remember though, each tax situation is unique and it's always recommended to seek guidance from a professional to ensure the eligible expenses are properly claimed.
Inventory accounting for a business like a candle shop is a crucial part of understanding the total cost of goods sold (COGS) and how much inventory you have on hand. Inventory accounting starts with tracking the purchase of raw materials required for making candles. This includes the cost of wax, scents, dyes, wicks, and labels.
When these raw materials are combined to produce finished candles, the costs associated with production are then added to the overall inventory costs. This includes direct labour costs and overhead costs. These costs together give you the COGS. Every time a candle is sold, the COGS of that candle is recognized as an expense in your income statement.
If there are any candles left in the inventory, the cost associated with these candles will be carried over to the next accounting period. Accurate inventory accounting helps your candle shop to better predict future costs, set strategic pricing, track profits, and make informed decisions for your business.
Tracking and categorizing revenue and expenses for your candle shop effectively requires a detailed and structured system. Accracy Accounting can provide exceptional support in the following ways:
Accracy Accounting can help you track and categorize your profits and costs correctly and effectively so you can focus on making exceptional candles. Get in touch with us today for more information!
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership