Connect the till with the settlement report
Daily sales summaries should identify payment methods, refunds and applicable sales taxes. Processor reports then explain the amount deposited and any charges or holds. We reconcile these records through a defined clearing process instead of treating each payout as a new sale.
Stock purchases and supplier returns form another part of the picture. A replacement shipment, credit note or damaged item may affect margin before it changes the bank balance. We maintain the link between purchase documents and inventory movement so unexplained differences can be investigated.
Review the costs of keeping the shop open
Payroll, occupancy, merchant costs and recurring subscriptions need a stable reporting pattern. We can separate store operations from occasional events or online activity where the source records support it. That allows the owner to judge whether an additional sales channel produces useful contribution after its own costs.
Illustrative Regina shop example
A Regina specialty retailer reports $9,600 of sales before tax and $720 of customer returns in a week. Reviewing $8,880 of net sales alongside $420 of payment and selling costs is more useful than comparing bank deposits alone. Stock costs and payroll still need to be included before drawing a conclusion about profit. The owner can see which report answers each part of the question.
Questions about this work
Can you work with both in-store and online sales?
Yes, where complete channel and settlement reports are available. We agree how sales, refunds, stock and payouts will reconcile.
Does every item in a shop have the same taxes?
No. We preserve product-level distinctions and review exceptions, including any relevant GST zero-rating or PST exemption.
Put this into practice
Sources and current guidance
A practical next step
Bring the records you have.
We can identify missing information, agree on the scope and organize the next bookkeeping step.
Request a bookkeeping review