QuickBooks bookkeeping for retail shops

Inside a shop's QuickBooks file

Takings are checked against the till report and again against what reaches the bank, and stock bills stay current all season.

• Each day's till report recorded as a sales receipt in QuickBooks, broken down by payment type: card, cash, gift card or lay-by
• Card terminal settlements paired with the till takings they pay out, including those spanning more than a single trading day, with merchant fees entered from the settlement statement alone
• Cash banked compared with the cash on each till report, with any gap between counted and banked cash raised with you
• Lay-bys and gift cards followed from the day they're paid for until the goods are collected or the card is used up, on whatever basis your accountant chooses
• Seasonal stock bought on supplier terms entered as bills, with credit notes for faulty or missing goods recorded before the bill is paid
• Departments such as clothing, homewares or gifts each tracked under a class, provided your QuickBooks plan has classes, so each department's results can be compared with the rest
• A list of unpaid supplier bills every month, so you can see which supplier bills fall due before the season's sales come in
• Each shop account, bank or card, reconciled to its statement, with uncleared settlements, bookkeeping errors and bank errors each identified

Businesses by main state or territory