Bookkeeping isn’t just taxes. It’s about knowing what you sold, what you paid out, and what cash is truly yours. With good records, you catch mistakes fast and never lose sleep at tax time!
Yes, if possible. It keeps business money clear and makes taxes, payouts, and expenses much easier to track.
Yes, but it may be overkill for simple shops. Specialized consignment software is often faster and needs less setup, but some owners use both for tax purposes.
Keep all records for at least 3-7 years for tax/security reasons. Scan them if you need to save space, but have backups for safety.
Most shop software makes year-end summaries for you or your accountant, showing sales, payouts, and tax amounts. You may still need to fill out forms or give info to your tax pro.
Software makes bookkeeping almost effortless. Best Consignment Shop Software is built for simple, accurate consignment accounting no monthly fees, one-time payment, and lifetime use. There’s no required prepay for support, you keep all your data, and generating reports is a click away. Since 2002, BCSS has helped owners stay organized, get paid, and relax at tax time.
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