Bookkeeping and Accounting for Candle Shops

In need of a bookkeeper and accountant for your candle shop? We'll manage your books, giving you more time to craft your perfect scents. Try our services for free.

Oops! Something went wrong while submitting the form.

No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.

How Bench works with candle shops

Experience effortless bookkeeping, income tax preparation, and filing, all thanks to experts working on a robust platform. Bench works seamlessly with candle shops.

We get you set up

Our team invests time to fully appreciate your candle shop operations, address all your queries, assist you in connecting your accounts, and guide you through the workings of Bench.

We do your bookkeeping

Every month, your dedicated bookkeeper sorts out your candle shop's transactions and crafts financial reports. If any further information is required from you, they won't hesitate to reach out.

We deliver tax-ready financials

Our team of experts is well-versed in the financial nuances of the candle shop industry. We tailor our approach to meet your business's specific requirements, ensuring your financials are always tax-ready.

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

Get fast, unlimited support from our expert advisors

We consistently provide bookkeeping updates specific to the unique needs of candle shop businesses. Have urgent inquiries that simply can't be delayed? Rest assured, we'll respond to you in less than one business day.

women with headset and laptop sitting on the couch
screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform empowers you to streamline data inputs from most key providers, eliminating the typical errors. We team up with vendors like Gusto, Stripe, Shopify, and Square—ensuring the finances of your candle shop are always meticulously precise.

See where you’re spending. Make smart decisions

Say goodbye to the mountains of invoices and tiresome manual tracking—we automate data directly from your connected accounts specifically for your candle shop. Gain easy-to-understand insights from one centralized dashboard so you can effortlessly comprehend the financial health of your candle business and make strategic decisions.

people doing their bookkeeping at a table

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
Trust Pilot review previewCapterra review previewG2 review previewGetApp review preview

We know bookkeeping for candle shops

At Bench, we understand that candle shop owners have unique bookkeeping needs. Our professional bookkeepers and intuitively designed software help manage a plethora of issues, including tracking specific raw material costs, inventory control of a wide range of candle types and scents, and revenue projections from retail and wholesale channels. More importantly, we comprehend the seasonality aspect - with major sales surges around the holiday season - and advice accordingly to handle cash flow and plan for tax payments.

Even for a seemingly simple business like candle shops, industry-specific taxes and laws can be complicated. As part of our services, we ensure that small business owners like you are keeping up with the latest regulations. For instance, integrating sales tax for online sales can be a particularly thorny issue for small businesses operating ecommerce platforms. At Bench, we navigate these complexities for you, leaving you with more time to focus on growing your business and creating beautiful, unique candles. It’s all part of our mission to make bookkeeping effortless for small businesses.

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

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
What type of expenses can I claim as a candle shop owner in my taxes?

As a candle shop owner, you can claim a variety of expenses on your taxes. Some of these include:

  • Costs of raw materials and supplies required to make your candles
  • Rent or mortgage costs for your business property
  • Utilities, such as electricity, heat, and water
  • Cleaning and maintenance expenses for your workspace
  • Advertising and marketing costs, including website maintenance
  • Shipping and packaging costs
  • Professional services, like consulting fees, legal charges, and bookkeeping fees
  • Insurance premiums related to your business
  • Business related travel expenses

Do remember though, each tax situation is unique and it's always recommended to seek guidance from a professional to ensure the eligible expenses are properly claimed.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How does inventory accounting work for a business like a candle shop?

Inventory accounting for a business like a candle shop is a crucial part of understanding the total cost of goods sold (COGS) and how much inventory you have on hand. Inventory accounting starts with tracking the purchase of raw materials required for making candles. This includes the cost of wax, scents, dyes, wicks, and labels.

When these raw materials are combined to produce finished candles, the costs associated with production are then added to the overall inventory costs. This includes direct labour costs and overhead costs. These costs together give you the COGS. Every time a candle is sold, the COGS of that candle is recognized as an expense in your income statement.

If there are any candles left in the inventory, the cost associated with these candles will be carried over to the next accounting period. Accurate inventory accounting helps your candle shop to better predict future costs, set strategic pricing, track profits, and make informed decisions for your business.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How can I properly track and categorize revenue and expenses for my candle shop?

Tracking and categorizing revenue and expenses for your candle shop effectively requires a detailed and structured system. Bench Accounting can provide exceptional support in the following ways:

  • Accurate record-keeping: Bench Accounting maintains an accurate record of all your financial transactions, ensuring that every dollar spent or earned is factored into your financial reports.
  • Detailed categorization: We classify your revenues and expenses into granular categories. For your candle shop, this might include categories like raw materials, production costs, marketing spend, retail, wholesale, and online revenues.
  • Regular financial reporting: Bench accounting provides monthly financial statements so you can track where your revenue is coming from and where your money is going. They make it easy to identify trends or issues rapidly.
  • Help with tax preparation: At the end of the financial year, Bench Accounting helps you prepare for tax season by ensuring your books are tax-compliant and by helping you optimize your tax deductions.

Bench Accounting can help you track and categorize your profits and costs correctly and effectively so you can focus on making exceptional candles. Get in touch with us today for more information!

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
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.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
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 Candle shops

Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. Sign up as a customer today and get a free month of bookkeeping, valued at $299.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.