Bookkeeping Services for Optical And Eyewear Stores

Bookkeeping and Accounting for Optical And Eyewear Stores

Looking for a bookkeeper and accountant for your optical and eyewear store? We handle your books, giving you more time to focus on perfecting your customers' vision. Try us for free.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Optical And Eyewear Stores
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Optical And Eyewear Stores

Looking for a bookkeeper and accountant for your optical and eyewear store? We handle your books, giving you more time to focus on perfecting your customers' vision. Try us for free.

Accracy Accounting CPA CA Oversight
We get you set up

Our team dedicates time to thoroughly comprehend your optical and eyewear store, resolve your queries, assist you in connecting your accounts, and demonstrate how Accracy can benefit your business.

Accracy Accounting Digital Fluency
We do your bookkeeping

Every month, your dedicated bookkeeper diligently categorizes your optical or eyewear store's transactions and creates financial reports. If additional information or clarification is needed from your end, they'll promptly reach out to you.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

Every month, your dedicated bookkeeper diligently categorizes your optical or eyewear store's transactions and creates financial reports. If additional information or clarification is needed from your end, they'll promptly reach out to you.

Here’s why Optical And Eyewear Stores like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Optical And Eyewear Stores with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

At Accracy, we'll consistently communicate with your optical or eyewear store, providing essential bookkeeping updates. Do you have urgent questions about your finances? We'll get back to you within one business day or less.

Guaranteed accuracy in every detail for Optical And Eyewear Stores with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

Accracy Accounting provides an automated platform catered to Optical and Eyewear Stores, designed to streamline data entries from leading providers and eliminate frequent errors. We have partnered with renowned merchants such as Gusto, Stripe, Shopify, and Square, ensuring your financial records remain precise and dependable at all times.

Make Smart Decisions for Optical And Eyewear Stores with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

Say farewell to mountains of invoices and tedious manual record keeping — Accracy Accounting automates data entry directly from your connected accounts. Gain insights from a single, centralized dashboard enabling your Optical and Eyewear Store to effortlessly understand your business health and make well-informed, strategic decisions.

Bookkeepers for Optical And Eyewear Stores

In the Optical and Eyewear industry, managing financial affairs can be complex with the unique taxation rules, ever-changing laws, and specific bookkeeping issues. That's where Accracy comes in. We understand this industry's specific needs like tracking inventory, assessing the cost of goods sold, detailed categorization of sales and purchases, and handling specialized equipment depreciation. Our real, human bookkeepers are equipped and informed about the nuances of taxes and regulations specific to your industry, from the unique sales tax application on eyewear products to the depreciating value of specialized optometry equipment.

The Accracy team relieves small business owners in the optical and eyewear industry from the stress of bookkeeping and tax compliance by using our proprietary, intuitive software. Instead of worrying about managing finances, store owners can focus on what they love - providing high-quality eyewear and optical services to their customers. Whether it's keeping track of revenue from prescription glasses, sunglasses, or eye exams, or managing expenses like employee salaries, store overheads, and equipment costs, Accracy takes care of it all. We help simplify your financial management process, ensuring your business operates efficiently and within full compliance of industry-specific laws and regulations.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Optical And Eyewear Stores

Accounting for optical and eyewear stores requires detailed inventory management due to the vast range of products with varying styles, categories, and prescriptions. The process involves tracking each item meticulously with its type, purchase cost, selling price, and most importantly, its availability in the store. It involves techniques such as:

  • First-In-First-Out (FIFO): This method assumes the first glasses purchased or produced are the first ones sold. This ensures that inventory valuation is closest to the current market cost.
  • Just-In-Time (JIT): This method helps to maintain low inventory levels by ordering stock just before it's required for sale. It reduces storage costs and ensures freshness of the offerings to customers.
  • Dropshipping: This method allows eyewear stores to order directly from manufacturers or wholesalers only after customers have made purchases, eliminating the need to hold large amounts of inventory.

Each of these techniques can be implemented according to the specific needs and demands of the eyewear store. To ensure accuracy and efficiency, many optical stores leverage accounting software that automates parts of inventory management.

As an owner of an optical and eyewear store, there are several specific tax considerations you should be aware of. Firstly, you may be eligible for deductions on business expenses, which can include things like purchasing inventory, marketing, insurance, and the cost of running your store. Secondly, if you're selling prescription eyeglasses or contacts, your sales might be considered exempt from sales tax, depending on your state’s tax rules. You should also consider taxes related to employee payrolls, property, and potentially an excise tax if your state applies this to medical devices. Lastly, the IRS has section 179 which can allow businesses to deduct the full cost of certain types of property from their taxes, eyewear might fall under this category. Please consult a professional bookkeeper or certified public accountant to fully understand the potential tax considerations for your specific business circumstances.

Yes, there are unique bookkeeping practices for managing insurance claims in the optical and eyewear industry. These involve interpreting insurance payments, processing insurance claims, and managing cash flow impacts from different types of insurance claims. As every industry has unique needs and challenges, these tasks require a specialized understanding of both bookkeeping and the optical industry. Working with a professional who has expertise in these areas can ensure accurate and efficient handling of your financial records.

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.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

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.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond 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 Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency 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.

Catch-Up Bookkeeping

Timely Financial Updates

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 Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience 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

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