Here is our short-form end of financial year advice for small business retailers:
- Take a backup at the close of business on June 30 and store this in a safe place.
- Produce a year on year sales comparison report – for your management benefit.
- Produce a report of stock not sold in the last six months so you can kick off the new year with a mission.
- Only do a stock take if your data management though the year has not been structured and consistent.
Yes, it is that simple. No longer does June 30 have to be crazy or stressful.
Here at Tower Systems we have been helping our POS software retail customers for months through free live online training workshops, regional user meetings, training videos and on on one support and advice, to be ready and to eliminate the need for a stressful June 30.