If any of these describe your week, you are not alone — and you do not have to keep doing it yourself.
Eftpos settlements, cash takings, gift cards, and refunds — the POS says one number, the bank says another. Reconciling them takes longer than it should.
You know roughly what you have. You do not know what you should have. Shrinkage, miscounts, and supplier discrepancies eat your margin invisibly.
Rostering, award rates, penalty rates, leave accruals — if payroll is not right, your biggest cost line is also your biggest risk.
Every item below is done by our team and reviewed by your CPA. You do not touch any of it.
Your till balances daily. Your stock is tracked. Your payroll is award-compliant. And your monthly report tells you whether the shop is actually profitable — not just busy.
“They set up POS reconciliation and found $2K per month in settlement discrepancies we had been missing for a year.”
— Retail shop owner, Balmain
No. Gift cards are not a supply — they are a payment method. GST is charged when the card is redeemed, not when it is purchased. We set up your accounting to defer the GST liability until redemption.
Shrinkage (theft, damage, spoilage) is a cost of goods adjustment. We reconcile physical stock counts against system records at least quarterly and adjust the inventory valuation accordingly. This gives you accurate margin numbers and correct year-end financials.
Fit-out costs are capital expenditure, depreciable over their effective life (or the lease term, whichever is shorter). Some items may qualify for instant asset write-off. We build a depreciation schedule that maximises your claim.