Accounting for Wholesale/Distribution Running a wholesale and distribution business entails keeping track of your cash flow and inventory in order to turn a profit. Shannon & Associates can help you make the most of your money. Our experienced accountants and consultants can help you understand the relationships between your inventory, margins, and cash flow by translating your business numbers into real information. We've assisted other wholesale and distribution companies in growing, and now it's your turn. Manage your cash flow Understand when and how much to invest in inventory, as well as when to make capital expenditures. We'll give you advice on timing and tax implications that will affect your bottom line. Keep track of your inventory. Because of our extensive accounting experience, we can assist you in managing your inventory in a cost-effective manner. We will assist you in optimising your warehouse/facilities use and flow, as well as balancing your working capital requirements against the inventory you must keep on hand, so that both the cash flow and the stock are at optimal levels. Transportation expenses The cost of transportation is a major concern for the distribution industry. When gas prices rise, for example, your costs will rise, and you must act quickly. With our firm assisting you in determining your true costs, you will be able to respond skillfully to any changes in transportation costs. Conducting business elsewhere Filing and paying income tax outside of the state is dependent on the distribution. Do you know how to pay taxes in another state or country? We do. And we'll make certain you pay the correct ones. Our membership in Nexia International keeps us connected to resources all over the country and the world. As a result, we have access to tax experts in other states and countries. Make well-informed decisions. We can assist you in making sound capital investment decisions. If your company has outgrown its current location, for example, we'll consider the factors you'll need to make a financially sound decision about moving, such as whether to lease or buy, or what time of year works best for your accounting system. Or maybe it's time to invest in a large piece of equipment: what's the best way to finance it? Will the timing of a purchase affect the financial implications? We can help you make smarter financial decisions now to improve your future profitability by looking ahead and investigating every possible outcome. We can also advise you on complex transactions ranging from mergers and acquisitions to business structure. Please contact us for more information.