Accounting for retail stores in Ontario
Retailers live on inventory turnover, POS sales across channels, and margin per SKU, so clean cost-of-goods and reconciliation are everything.
CRA EFILE authorized · Data stored in Canada · Every file reviewed by an accountant
taxifi · Retail Stores
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Sales across every channel
In-store and online sales are reconciled together so your revenue and margin are accurate.
Inventory and cost of goods
Inventory and COGS are tracked so you know true margin per line, not just the bank balance.
Staff payroll
Retail staff are paid on schedule with source deductions remitted to CRA on time.
What’s included
One flat monthly price for incorporated Ontario retail stores. Everything below is in it.
- Daily POS and online sales reconciled
- Inventory and cost-of-goods tracked
- Payroll for retail staff
- HST returns prepared and filed
- Year-end corporate tax (T2), included
| Area | A typical setup | With taxifi |
|---|---|---|
| Your books | Weeks or months behind | Current every day |
| Year-end (T2) | A spring scramble, billed extra | Included, no surprise invoice |
| Your accountant | Metered by the hour | Unlimited questions, flat monthly |
Common questions
Can you reconcile my POS and online sales?
Yes. Sales across channels are reconciled so your revenue and margin are accurate.
Do you work with incorporated retailers?
Yes. Incorporated retail stores are a core fit.
Books and taxes for your retail store, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call