Bookkeeping and Accounting for Sporting Goods Stores
Searching for a bookkeeper and accountant for your sporting goods store? We handle your books, freeing you up to focus on perfecting your product range. Sign up today and get a free month of bookkeeping, valued at $299.
How Bench works with sporting goods stores
Let Bench tackle the numbers so you can focus on the game. Get your bookkeeping, income tax prep, and filing done by our team of experts—backed by one powerful platform. Bench proudly partners with sporting goods stores nationwide.
We get you set up
Our team makes the effort to fully comprehend your sporting goods store, answer any queries, assist you in connecting your accounts, and demonstrate how Bench functions efficiently with your business.
We do your bookkeeping
Every month, your specialist bookkeeper will categorize your sporting goods store's transactions and create detailed financial statements. Should they require any more information from you, they won't hesitate to reach out.
We deliver tax-ready financials
Our squad of experts is well-acquainted with the tax regulations regarding sporting goods stores and will tailor their strategy to meet the distinct requirements of your business.
Here’s why sporting goods stores like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
At Bench Accounting, we know that running a sporting goods store comes with its unique set of challenges and financial complexities. This is why we're here to tackle your bookkeeping tasks for you. We'll provide regular updates on your financial status and ensure your books are always up to date. Should any urgent questions or concerns arise, rest assured we will address them in one business day or less.
Guaranteed accuracy in every detail
Our platform seamlessly integrates data from major providers to help streamline your bookkeeping and sidestep usual errors. We collaborate with top merchants including Gusto, Stripe, Shopify, and Square—ensuring your financial transactions for your sporting goods store are always precise.
See where you’re spending. Make smart decisions
Say farewell to heaps of invoices and laborious manual inventory tracking—we streamline your financial data directly from linked accounts. With Bench Accounting, sporting goods stores gain insights all in one central dashboard, allowing for easy comprehension of their business health and making strategic decisions a walk in the park.
Bench integrates with your favorite small business tools
We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.
Trusted by 25,000+ American small business owners
CHRIS RONZIO
DR. BUKKY KOLAWOLE
HEATHER SHOLL
We know bookkeeping for sporting goods stores
Bench Accounting is your ultimate partner in managing the financial side of your sporting goods store. With a deep understanding of industry-specific tax laws and regulations, our team of expert bookkeepers effectively navigate the complexities of accounting in sporting goods retail. We grasp the nuances of sales tax on varying types of sports gear, excise taxes on certain sporting goods, and the kind of inventory management issues that can commonly arise in this specific industry.
With Bench, the bookkeeping process is revolutionized. By fusing intuitive software with a real, human touch, we simplify this otherwise daunting task. Our professional bookkeepers ensure accurate daily entries, timely reconciliations, and diligent financial monitoring—so you can focus on running and growing your sporting goods store. Whether you handle specialized athletic equipment or sell a wide range of sporting goods, Bench keeps your books tax-ready, helping you avoid potential legal issues and financial pitfalls. Our expert team is not just knowledgeable about the universal principles of accounting, they also understand the specific laws, taxes, and financial nuances of the sporting goods sector.
Simple, straightforward pricing for everything your business needs.
Join over 35,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench.
Choose Plan
Bookkeeping
billed annually. 100% tax deductible.
Bookkeeping & Tax
billed annually. 100% tax deductible.
Bookkeeping
billed monthly. 100% tax deductible.
Bookkeeping & Tax
billed monthly. 100% tax deductible.
Frequently Asked Questions
Yes, tracking inventory is an essential part of the accounting process for a sporting goods store. Inventory is considered a current asset and plays a significant role in determining profit and tax liability. Proper inventory management helps avoid discrepancies in financial statements, ensuring accurate income and overall financial health of your business.
Yes, at Bench Accounting, we offer comprehensive bookkeeping services which include the processing and recording of all sales transactions. So, whether you're selling sports equipment or other merchandise, our team of skilled bookkeepers can accurately track and record all your sales to ensure that your financial records are accurate and up-to-date. We not only assist in recording the income but also in categorizing it correctly so you can effortlessly keep track of your business's financial performance.
Managing returns and exchanges in your store's bookkeeping system is crucial for maintaining accuracy in your financial records. There are few steps you can take:
- Set up a clear returns and exchanges policy: This policy should detail under what conditions a product can be exchanged or returned, and the timeline for these actions.
- Use a dedicated account: Assign a specific account for returns and exchanges, do not mix it up with the regular sales.
- Maintain accurate records: Make sure to record every return and exchange transaction immediately. This will assure the accuracy of your inventory and accounting data.
- Monitor your accounts: Regularly review your return and exchange account to identify any trends or abnormalities that could indicate issues or financial loss.
- Work with a bookkeeper: A professional bookkeeper can help manage these transactions, ensuring they are correctly logged in your system. If you are using Bench Accounting, our dedicated bookkeepers are here to help.
Correct handling of returns and exchanges can prevent discrepancies in your financial reporting and ensure you have the most accurate picture of your business’s financial health.
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.
Bookkeeping Services for Sporting goods stores
Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. Sign up as a customer today and get a free month of bookkeeping, valued at $299.
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