Retail Accounting

The Cooperative's Retail Accounting service provides timely and accurate financial statements which can be used by our retail members in making sound business decisions. The store owner has the option of selecting either non-departmental or departmental statements. Our monthly statement preparation includes:

1. Profit and Loss Statements with comparative data
2. General Ledger
3. Verification of balance sheet accounts
4. Gross Margin summaries with comparative data
5. Preparation of bank reconciliations for all bank accounts
6. Maintain appropriate schedules for notes, pre-paids, etc..
7. Preparation of monthly and quarterly sales tax returns
8. Scheduling outside inventory services

Though our service does not include year end income tax preparation, we work closely with our retailer's income tax preparers. We process statements for all size operations producing over 60 financial statements each month. For a retailer with multiple operations, we have the capability to produce divisional statements and consolidated corporate statements.