Looking for a bookkeeper and accountant for your military surplus store? We do your books, so you get more time to focus on serving customers with essential gear. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your military surplus store? We do your books, so you get more time to focus on serving customers with essential gear. Try us for free.
Our team dedicates time to delve into the nuances of your military surplus store, answer any inquiries you may have, assist you in connecting your accounts, and demonstrate how Accracy can optimize your bookkeeping.
Each month, your dedicated bookkeeper will neatly arrange your military surplus store transactions and prepare financial statements. If they require any additional information from you, they will promptly contact you.
Each month, your dedicated bookkeeper will neatly arrange your military surplus store transactions and prepare financial statements. If they require any additional information from you, they will promptly contact you.
We'll consistently provide you with updates on your bookkeeping status, tailored for military surplus stores. If you have urgent queries that demand immediate attention? Be assured, we'll revert back to you within one business day or even less.
Accracy Accounting has the tailor-made solution for military surplus stores looking to streamline their bookkeeping process. Our platform empowers you to automate data entries from a vast array of leading providers, thereby eliminating common errors. We've joined forces with industry giants such as Gusto, Stripe, Shopify, and Square to ensure your financial records are always precise and up-to-date. Opt for Accracy because we understand the unique needs of your business.
Say farewell to mountains of invoices and the laborious process of manual recording — we take care of direct automation from your connected accounts. Utilize insights from a comprehensible central dashboard, allowing you to easily gauge the wellbeing of your military surplus store and formulate strategic plans.
At Accracy, we understand the unique financial nuances that come with running a military surplus store. From managing and tracking inventory, understanding the constantly changing local, state, and federal laws on sale of certain surplus items, to navigating the complexities of sales and import taxes. With the added challenges of fluctuating inventories of military surplus gear, the bookkeeping needs can be complex. That's why our bookkeeping service goes above and beyond to provide detailed, accurate records and financial advice specific to your industry, so you can focus on what matters most — serving your customers.
Our approach to bookkeeping for military surplus stores is unprecedented, combining advanced software with a team of human bookkeepers who understand the intricacies of your business. We manage the financial ins-and-outs of your store, following the precise and specialized rules and regulations in place for military surplus retailers. This pairing of technology and industry-knowledgeable bookkeepers helps us deliver accurate, timely, and compliant bookkeeping services. Whether it's calculating sales tax on selling regulated military gear or managing import tax on international goods, we take care of these aspects with unparalleled accuracy, ensuring your business runs smoothly and profitably.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a military surplus store owner, various tax policies may apply to your business. Some areas to consider include sales tax for retail goods, business income tax, and potentially more specific areas such as taxes on military goods. This could vary greatly depending on your location and the specifics of your operation. It's highly recommended to consult with a professional bookkeeper to ensure you're adhering to all relevant tax codes and maximizing your financial efficiency.
Conducting bookkeeping for both purchasing surplus goods and selling them in your store involves a few key steps. Here's what you need to do:
<ul><li>Firstly, record the cost of purchasing your surplus goods as an expense in the 'Cost of Goods Sold' (COGS) account. The COGS includes the direct costs attributable to the production of the goods sold in a company. This would reduce your business revenue and consequently the taxable income.</li><li> Secondly, when you sell these goods, you should record the revenue from each sale. The proceeds from the sale should increase your 'Sales' account under revenues. </li><li>Finally, jouralize the inventory changes. When you purchase or sell items, adjust your 'Inventory' account to reflect the current levels. The 'Inventory' account is a current asset account on the balance sheet. </li></ul>
Keeping accurate records for these two simple transactions can ensure your financial statements are accurate and can greatly aid in the strategic, planning decisions for your business.
Inventory accounting in a military surplus store involves some unique elements. To ensure accuracy, effectiveness, and compliance, consider the following best practices:
With these practices, a military surplus store can more effectively manage its inventory accounting, save time, and ensure accuracy.
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