Bookkeeping and Accounting for Bridal Shops

Searching for a bookkeeper and accountant for your bridal shop? We handle your books, giving you more time to create magical wedding experiences. Try us for free.

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How Bench works with bridal shops

Get your bookkeeping, income tax prep, and filing done by experts—specifically tailored to the needs of bridal shops and backed by one powerful platform. Bench works hand-in-hand with bridal shops.

We get you set up

Our team devotes focused attention to comprehending your bridal shop, responds to your inquiries, assists you in connecting your accounts, and demonstrates how Bench can work with your business.

We do your bookkeeping

Each month, your dedicated bookkeeper arranges your bridal shop transactions and provides comprehensive financial statements. Should they require any additional information from you, they’ll promptly reach out.

We deliver tax-ready financials

Our savvy team is well-versed in bridal shop-specific tax regulations and will tailor their approach to your boutique's distinct requirements.

Here’s why bridal shops like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We'll consistently provide you with bookkeeping updates tailored for your bridal shop. Got urgent queries that can't be put on hold? Our team guarantees a response within one business day, if not sooner.

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Guaranteed accuracy in every detail

Our platform enables you to automate data inputs from leading vendor platforms, minimizing the risk of errors that often occur in manual bookkeeping. We partner with popular commerce stakeholders such as Gusto, Stripe, Shopify, and Square—ensuring your bridal shop's finances are always precise and up-to-date.

See where you’re spending. Make smart decisions

Bid farewell to mountains of invoices and the tedious task of manual record keeping—Bench Accounting streamlines this process by automating inputs directly from your linked accounts. Gain insight from a singular, centralized dashboard, allowing you to easily deduce the financial status of your bridal shop and make informed strategic decisions.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for bridal shops

Bench understands the unique financial intricacies of running a bridal shop, and speaks the language of bridal gowns, accessories, and alterations. Our bookkeeper’s astute knowledge of industry-specific taxes and laws ensures accurate tracking of your inventory, efficient handling of sales tax, and precise reporting on employee wages and benefits. We are aware of common issues brides shop owners face, such as accounting for seasonal inventory fluctuations and differentiating between consignment and outright purchase of wedding gowns.

What makes Bench stand out is that we’ve revolutionized the traditional way of bookkeeping by combining intuitive software with real, human bookkeepers. Have a question or need advice? Our expert team is there, ready to ensure you're fully prepared for tax season, manage your month-to-month cash flow accurately, and make tax-savvy business decisions. We take care of all your bookkeeping needs, so you can focus on making wedding dreams come true: from first fittings to final looks, and everything in between.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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What specific accounting practices should be considered for managing inventory in my bridal shop?

There are several specific accounting practices that are crucial for managing inventory in a bridal shop. These include:

  • Inventory audits: Regular inventory checks help you understand what's in stock, what's selling, and what's not. This helps in purchasing decisions and in preventing theft.
  • Use of Inventory Management Software: Utilize software solutions to automatically manage your inventory levels, create purchase orders, and facilitate seamless inventory operations.
  • First-In, First-Out (FIFO) Method: This helps maintain the value of your inventory. Older stock (first-in) gets sold first (first-out), not the newest stock.
  • Consignment Inventory Management: If you have consignment stock, have clear records identifying these items separately. You only pay for these when they sell.
  • Seasonal Inventory Management: As bridal fashion is season-based, it's important to manage your inventory seasonally. Stock more of what is in season and likely to sell.

For accurate financial records and to avoid over or understocking, maintaining a robust inventory management system is essential in a bridal shop.

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How can bookkeeping assist with tracking sales and expenditures related to custom-made or imported wedding dresses?

Bookkeeping is a vital tool when it comes to tracking sales and expenditures related to specific items such as custom-made or imported wedding dresses. A professional bookkeeper ensures proper recording, categorizing and analysis of financial data. Proper bookkeeping allows you to:

  • Monitor all financial transactions, including each sale and cost associated with acquiring, creating, or altering your wedding dresses.
  • Get comprehensive financial reports that help you understand profitability, evaluate the success of promotions, and identify trends.
  • Track inventory and the cost of goods sold, key to understanding your gross margin and determining pricing strategies.
  • Stay on top of tax obligations and deductions, helping you avoid penalties and maximize savings.
  • Make strategic business decisions based on accurate, real-time data.

Having a skilled bookkeeper lets you focus on what you do best - designing and selling wedding dresses, while knowing your financial health is in good hands.

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What are the tax considerations for a bridal shop and how can accurate bookkeeping help facilitate this process?

Running a bridal shop involves a number of specific tax considerations. You'll need to manage sales tax collection on each product or service sold, income tax on any profits earned, and potentially pay other taxes such as property taxes on your business location, or employment taxes if you have employees.

Accurate bookkeeping is crucial in facilitating this process. By maintaining clear records of all financial transactions, you can ensure that all taxes are calculated correctly. Your bookkeeper can help you track sales, expenses, assets, and liabilities, and can ensure that these figures are recorded accurately. They can also assist with tax planning and compliance, helping you to avoid penalties and to take advantage of any applicable tax deductions or credits.

For the complex specifications of a bridal shop's financial management, outsourcing your bookkeeping to professionals like Bench Accounting can prove extremely beneficial. They are equipped to handle industry-specific tax considerations, leaving you more time to focus on growing your business.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Bridal shops

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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