A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Sunday retail management tip: keep bookkeeping costs to a minimum

Thanks to integration between you newsagency software and accounting packages and easy expense and other tracking tools, the need for a bookkeeper for a retail business has all bust disappeared.

Many retail businesses I know have eliminated the bookkeeper cost overhead. This drops money back to the bottom line of the P&L.

If you use an external bookkeeper today, look at what you can do to reduce or eliminate that cost. The freed cash could help with inventory expansion or out of store marketing – two key activities for a transitioning newsagency business.

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Management tip

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