CPA Advice to Retailers On Bouncing Back This Holiday Shopping Season

 

If you’re a small retail business owner in Nashville and have experienced difficulty due to the coronavirus pandemic, you’ll be happy to know that you can expect business to pick up leading to the holidays. According to a study made by Visa, around 86% of Americans plan to do their holiday shopping this year, and about 60% plan to shop for half or more of their needs at local retailers. 

The pandemic, however, has changed the shopping habits of customers, so you should be prepared to adjust and adapt to their evolving needs. Your CPA can help you in making financial decisions related to this.

The Visa study further shows that around 60% of consumers plan to do at least 50% of their shopping online, and only around 20% plan to do their shopping exclusively in person. Around 33% plan to give digital gift cards this year.

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QuickBooks: A Useful Tool that Complements Accounting Firm Services

 

Businesses in Nashville can greatly benefit from using QuickBooks. It’s the most widely used accounting software in the world today, and is especially popular among small to midsize companies without an inhouse accounting staff. Training and support on its use may be provided by a highly qualified accounting firm with a Certified ProAdvisor designation.

What are the advantages of using QuickBooks for small businesses?

QuickBooks is designed for ease of use once it has been properly set up, so even non-accountants can operate it without problem. It’s highly recommended by CPAs and accountants for its many benefits, including the following:

• Templates: It comes with numerous templates that you can use in keeping your accounting records and generating accounting forms, such as payroll reports, timesheets, invoices, and performance records.

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