Offshore Retail Accounting Services

Every morning, our team extracts POS z-reports from your store systems (Lightspeed, Shopify POS, Square), verifies physical cash drawer drops against bank deposit slips, and reconciles merchant credit card processor batch summaries against net bank receipts, logging cashier overages or shortages by store shift.

We capitalize supplier factory invoices, ocean freight forwarding, customs clearance tariffs, marine insurance, and harbor drayage into inventory asset accounts. These landed costs are allocated across unit quantities under FIFO or Weighted Average methods to calculate true product cost of goods sold.

Yes. We track inter-store stock transfers, reconcile monthly physical cycle count sheets with ERP perpetual inventory ledgers, record damaged goods write-offs, and post monthly inventory shrinkage reserves based on retail loss benchmarks.

We reconcile gross customer purchases processed through BNPL gateways, record payment processing fees (three to six percent) as merchant expenses, match net payout deposits into your operating bank accounts, and reconcile customer returns and chargebacks.

When gift cards are sold, cash is debited and unearned gift card revenue is credited as a balance sheet liability. Upon redemption, the liability is reduced and sales revenue is recognized. For unredeemed balances, we calculate breakage income in compliance with state-specific gift card escheatment laws.

Yes. We deliver comparative store-level P&L statements detailing store revenue, cost of goods sold, store employee payroll, occupancy lease expenses, utilities, and store contribution margins, allowing retail owners to benchmark performance across locations.

We reconcile sales tax collected across all store physical locations and e-commerce channels using Avalara or TaxJar, distinguishing taxable merchandise from exempt categories and preparing state, county, and municipal sales tax returns.

Multi-store retail chains save fifty to sixty percent in bookkeeping and accounts payable overhead. Our offshore team processes thousands of trade vendor bills, reconciles POS registers, and manages inventory ledgers at a fraction of in-house hiring costs.