Industries · Consumer
Daily sales, card settlements, vouchers, GST and stock. Retail books move fast and small errors compound quietly. We keep them reconciled weekly so you always know which outlets earn and which only look busy.
Sounds familiar
“The till says one thing and the bank says another.”
Weekly reconciliation catches settlement gaps while rosters and CCTV can still explain them. A variance from last night beats a mystery from last quarter.
“GST quarter means a weekend buried in receipts.”
Registered retailers on our books have returns built from reconciled dailies. The quarter closes itself because the work never piled up.
“I cannot tell which outlet actually makes money.”
Takings, staff cost and rent per outlet on one page every month. Renewal decisions stop being guesses.
A retail group that only sees one combined profit line cannot decide which lease to renew. We keep sales, staffing and rent visible per outlet, so expansion decisions rest on numbers rather than gut feel. Stock counts tie back to purchases, shrinkage shows up early, and promotions get measured against the margin they actually produced.
Daily takings captured, weekly reconciliations, outlet truth monthly. When the rhythm holds, the shop floor gets your weekends back.
POS reconciled weeklyOutlet P&L monthlyGST from clean dailies
Not sure where to start?
Tell us where your books stand. An expert accountant replies within one working day.
Yes. We work with common Singapore POS and payment providers and reconcile gross sales, fees and settlement lags so the bank always matches the till.
Vouchers, refunds and exchanges each have specific GST treatment. We set the rules once in your accounting system and the treatment stays consistent.
Yes. Sales, staff costs and rent are tagged by outlet so the monthly report shows each location on its own line.
Cost of sales is tracked against purchases and periodic counts. Shrinkage and slow-moving stock appear in the report instead of hiding in year-end surprises.
A fixed monthly fee scoped to transaction volume and outlet count. It changes only when your business does.
Did not find your question? Ask us on WhatsApp and an expert accountant replies within one working day.
Tell us your setup and we will map the cleanest way to run the books.
Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
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Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
