Bookkeeping and Accounting for Hardware Stores

Bench Accounting can significantly assist with tracking inventory and sales for your hardware store. Our skilled bookkeepers use top-notch software to comprehensively manage all aspects of your financial transactions, including the monitoring of your store's inventory and sales.

By offering a clear and accurate picture of your stock levels and sales trends, Bench allows you to make informed decisions for reordering to avoid both overstocking and stock-outs. Our system integrates easily with major Point of Sale (POS) systems, ensuring all sales transactions are accurately reported and tracked in real time.

Furthermore, our service helps accurately categorize these transactions to provide insightful and easily interpretable financial reports. Whether you need to closely monitor your busiest sales periods or identify best selling items, Bench Accounting is committed to providing solutions that empower you to run your hardware store effectively.

Hardware businesses can tap into a range of tax deductions and benefits. Some of these include deductions for operating expenses, cost of goods sold, home office expenses, and depreciation of tools and equipment. Additionally, you may qualify for specific credits or deductions based on region or the structure of your business.

Bench Accounting is here to help you maximize these benefits. Our team of experts stays up-to-date on federal and regional tax laws, ensuring we’re always knowledgeable about the current deductions and credits available to hardware businesses. Once we understand your unique business situation, we’ll work with you to track relevant expenses, apply eligible deductions, and compile accurate tax reports to optimize your return.

We offer comprehensive bookkeeping services with a focus on maximizing tax benefits. Trust in Bench Accounting for your bookkeeping needs and benefit from our specialized, personalized approach.

At Bench Accounting, we specialize in simplifying and managing the financial complexities often associated with running a hardware store. Our team of expert bookkeepers uses innovative technology and proven accounting techniques to manage tasks like payroll, vendor payments, inventory control, and more.

For payroll management, we ensure all your employees are paid correctly and on time, handle tax deductions, and ensure compliance with relevant laws and regulations. Vendor payments are handled meticulously to manage your expenses effectively and maintain good relationships with your suppliers.

Moreover, we understand that hardware stores have specific bookkeeping needs, such as managing high-volume inventory or tracking sales of seasonal items. Our bookkeeping services are tailored to these unique business needs to provide comprehensive, accurate, and efficient financial management.

Nope! All bookkeeping is completed in-house.

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.