Cerini & Associates has many retail clients that incorporate numerous distribution channels such as storefronts, mail order, online, party-style, catalog, and so on. We have developed a thorough understanding and commitment to the retail sector of the economy through years of experience serving the industry from the inside.
What sets Cerini & Associates apart:
Experience: Our partner in charge of small business services spent nearly fifteen years working in a management capacity for various retail outlets that gives him a working knowledge of the issues you face on a daily basis.
Understanding of inventory levels: Many retail companies have a difficult time managing their inventory levels to optimize profitability. Aside from the typical accounting services that we provide all of our clients, we can help you analyze inventory levels to determine the proper mix of goods to offer your customers.
Ability to implement tracking: We have installed complex inventory-tracking systems based on cost accounting methodologies (after analyzing clients' holding and variable costs, sales prices, etc.) that let our clients know what to order and when to order it.
Finding alternate distribution outlets: We also assist our clients in finding alternate distribution outlets to dispose of items that are slow-moving or obsolete. The proliferation of online resources, such as eBay, has allowed many of our clients to get reasonable payouts for unwanted goods, rather than disposing of them for a complete loss.
Monitoring internal controls: Many retail businesses are cash-based, which makes them more susceptible to theft. We help our clients develop a system of internal controls to prevent the misappropriation of these funds at a relatively low cost to them. Business owners cannot be on-site during all working hours. Whether or not you trust your employees, proper controls need to be implemented. In addition, we can help develop trends and benchmarks that you can utilize to compare your operations to industry norms to determine the effectiveness of your operations and where you, as a business owner, should focus your attention to prevent profitability leakage.
Vast knowledge of sales tax: We also help our clients properly record, report, and remit sales tax to New York State. Before using us, many clients were charging sales tax for exempt items, incorrectly reporting their sales tax withheld, and incurring penalties and interest from New York State on sales tax improperly reported.
Send Request for Proposals to:
Cerini & Associates, LLP
3340 Veterans Memorial Highway
Bohemia, NY 11716