eCratchit:Outsourced Bookkeeping

Retail

A typical retail store must deal with a number of issues regarding their accounting and bookkeeping. Most use some sort of POS system which in most cases does not integrate (at least not entirely) with QuickBooks. In addition, understanding a retail store’s profit margin, shop overhead and practical ways of managing inventory all create issues and take the daily focus of a store owner from helping customers. eCratchit works with store owners to create straightforward reporting, integration of POS information and inventory management.

Case Study

Retail store owner uses a POS system to manage daily sales, but doesn’t have inventory management or integration of their POS with QuickBooks. Financial reports do not give the owner proper gross profit margins or inventory values. The owner can’t rely on any of the data in QuickBooks. Cash hasn’t been reconciled in 4 months. We set up eCratchit systems including online scanning and bill payment, integrate POS into weekly reporting, review inventory process and implement practical approach to cost of goods expense calculation, reconcile cash weekly and provide monthly reporting.

Beadworks (4 locations)

Beadworks, Boston, MA is an independently owned, full service bead shop offering customers an extensive and ever-changing collection of the finest vintage and contemporary beads of every imaginable material from around the world, as well as books, tools and findings. They also offer quarterly classes, repair and custom services, and gift certificates and are always happy to host parties or special events.

eCratchit Solution- eCratchit took over the bookkeeping functions including bill payment, cash management and helped redesign a weekly revenue report by store. eCratchit also prepares monthly financial information.

“eCratchit has become an invaluable asset to my company! The time I save and the support my Managers receive in handling the weekly, monthly and annual bookkeeping matters is second to none."

Carson Eddy,
Owner, Beadworks

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			Industries Served Retail A typical retail store must deal with a number of issues regarding their accounting and bookkeeping. Most use some sort of POS system which in most cases does not integrate (at least not entirely) with QuickBooks. In addition, understanding a retail store’s profit margin, shop overhead and practical ways of managing inventory all create issues and take the daily focus of a store owner from helping customers. eCratchit works with store owners to create straightforward reporting, integration of POS information and inventory management. Case Study Retail store owner uses a POS system to manage daily sales, but doesn’t have inventory management or integration of their POS with QuickBooks. Financial reports do not give the owner proper gross profit margins or inventory values. The owner can’t rely on any of the data in QuickBooks. Cash hasn’t been reconciled in 4 months. We set up eCratchit systems including online scanning and bill payment, integrate POS into weekly reporting, review inventory process and implement practical approach to cost of goods expense calculation, reconcile cash weekly and provide monthly reporting. Beadworks (4 locations) Beadworks, Boston, MA is an independently owned, full service bead shop offering customers an extensive and ever-changing collection of the finest vintage and contemporary beads of every imaginable material from around the world, as well as books, tools and findings. They also offer quarterly classes, repair and custom services, and gift certificates and are always happy to host parties or special events. eCratchit Solution- eCratchit took over the bookkeeping functions including bill payment, cash management and helped redesign a weekly revenue report by store. eCratchit also prepares monthly financial information. “eCratchit has become an invaluable asset to my company! The time I save and the support my Managers receive in handling the weekly, monthly and annual bookkeeping matters is second to none." Carson Eddy, Owner, Beadworks Back