This PPT help you analyse if outsourcing partner is right choice to handle your accounting and bookkeeping tasks for your retail business.

1. Is Outsourcing Smart Investment
for Retail Business?

2. With the business expansion it is
quite obvious an organization may
face several challenges which could
be related to accounting and
bookkeeping operations. In a retail
business, lot of transactions are
involved on daily basis and hence we
need to keep accurate records of
each transaction to analyze cash flow
and business positions. Outsourcing
accounting bookkeeping for retail
store business is a wise decision for
companies who are looking to
Improve Productivity, Lowering
Costs and Increasing Profits.

3. What Are The
Challenges
Retail Industry
Facing?
 Poor maintenance of records
 Wrong employee classification
 Not segregating bank accounts
 Lack of adequate back-up
 Improper classification of
expenses
 Inventory Management

4. Retail and wholesale accounting services are helpful for many
business owners to operate business more efficiently, while
providing a higher level of customer service. Majority of
businesses in this sector utilize outsourcing companies to manage
their financial records and many of them have experienced the
speed and efficiency.
Outsourcing Effective
Solution to Overcome

5. Reduce or control costs 44%
Gain access to resources 34%
Free up internal resources 31%
Improve business or customer focus 28%
Accelerate company growth 31%
Reduce team Management problems 9%
Get experts with existing resources 15%

6. Finance and Accounting
Data Entry Services
IT Outsourcing Services
E-commerce Support Services
Digital Marketing Services
Logistics BPO Support Services
What Tasks Retail Business
can Outsource ?

7. Looking for the
trusted
Outsourcing
Partner
for your
Retail
Business?

8. Consider Following
points…
 Verify their past experience, expertise and testimonials
 Know about managing team who handle tasks for you.
 Discuss projects budget upfront and ensure both parties
understand and agree to the terms and conditions.
 Ensure your outsourcing partner is culturally compatible
 Find an outsourcing partner who can communicate and
understand their business objectives.
 Check what infrastructure and technology they are using.
 Look for organization who provide 24 hour support services,
after the completion of a project like Cogneesol.

9. What Cogneesol Offering :
 Retail Bookkeeping & Accounting
 Prepare taxes
 Payroll processing services
 Weekly expected Profit & Loss Report
 Sales and labor reporting by commercial units and
outlets
 Everyday Cash Flow analysis
 Transactional reporting
 Inventory and shrink regulation
 Keep track of your Sales Tax
 Review of your service provider bills

10. What Process
We Follow
Our services are
designed to address
your needs and
grants maximum
value.

11. SEND US SCANNED
DOCUMENT
The process start with sending the document
multiple formats are there in which you can sent
information.
01

12. DATA ENTRY
AND AUDITING
The process start with sending
the document multiple formats
are there in which you can sent
information.
02

13. Review
Data is reviewed once
entered in software and is
analyzed by quality experts.
03

14. DELIVERY
Documents are sent back through secure
protocol.
04

15. Need help to carry out your day-
to-day operations smoothly and
efficiently for your Retail
business?