A four-wall P&L per location, POS reconciled to the bank daily, and gift card liabilities accounted for properly.
Consolidated retail results hide the store that's losing money. Without a four-wall P&L per location on a consistent allocation basis, expansion and closure decisions come down to which manager is most persuasive.
We run the accounting and CFO function for multi-location retail and food service operators where location economics decide the strategy.
Consolidated results average a strong location against a failing one, and the failing one keeps its lease.
Without cycle counts and a shrink reserve, book inventory separates from physical inventory a little more every month.
Daily sales, tender types, discounts, and card fees have to reconcile to deposits. When they don't, revenue is simply wrong.
Unredeemed balances are a liability with state escheatment rules, not sales. Breakage needs a documented policy.
We produce a P&L per location on a consistent allocation basis, reconcile POS to bank daily, carry a shrink reserve grounded in real count data, and account for gift card and loyalty liabilities properly, including breakage and escheatment by state.
Defensible allocation of shared cost.
Daily, with tender type and fee detail.
Reserve policy based on actual count history.
Breakage policy and escheatment tracking.
Site economics before the lease is signed.
Sales tax varies by jurisdiction and by product taxability, and multi-location operators routinely under-collect on specific categories. Gift card escheatment rules differ by state and are frequently ignored until an audit. Leasehold improvements and qualified improvement property carry accelerated depreciation opportunity, and cost segregation on a significant build-out is often worth the study.
Yes, with a defensible allocation of shared cost so location comparisons are honest rather than convenient.
Daily, to the bank, including tender type, discounts, and card fees. Most retail book problems start here.
As a liability until redeemed, with breakage recognized on a documented policy and escheatment tracked by state.
Tell us where you are today. We will follow up within one business day with a view on what is worth fixing first.
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