Bookkeeping and Accounting for Cobblers
In need of bookkeeping and accounting services for your cobbler business? Bench Accounting takes care of your financials, giving you more time to craft your perfect footwear. Sign up today and get a free month of bookkeeping, valued at $299.
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How Bench works with cobblers
Get your bookkeeping, shoe repair income tax prep, and filing done by experts—backed by one powerful platform. Bench works effortlessly with cobblers.
We get you set up
Our team invests time in comprehending your cobbling business thoroughly, responds to your queries, assists you in connecting your accounts, and walks you through how Bench can work for you.
We do your bookkeeping
Every month, your dedicated bookkeeper categorizes your cobbler business transactions and compiles financial reports. If they require any further information from you, they'll promptly reach out.
We deliver tax-ready financials
Our squad of experts are well-versed in tax requirements for cobblers and will tailor their approach to your unique business necessities.
Here’s why cobblers like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
At Bench Accounting, we strive to give cobblers the bookkeeping support they need. We regularly provide updates about your financial records, so you can focus on perfecting your craft. If you ever have urgent inquiries, rest assured that we'll respond within one business day or less.
Guaranteed accuracy in every detail
Our platform enables you to streamline data inputs from leading providers, mitigating typical errors prevalent in cobbling industry bookkeeping. Our partnerships with leading merchants, including Gusto, Stripe, Shopify, and Square, ensure your shoe repair business finances are always precise and up-to-date.
See where you’re spending. Make smart decisions
Say goodbye to heaps of receipts and painstaking manual recording—we automate inputs directly from linked accounts for cobblers. Gain insights from one centralized dashboard so you can easily grasp the financial wellbeing of your shoemaking business and make strategic decisions.
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
CHRIS RONZIO
DR. BUKKY KOLAWOLE
HEATHER SHOLL
We know bookkeeping for cobblers
As a cobbler, you understand the intricacies of your craft – from repairing and restoring shoes to creating bespoke footwear. But when it comes to the financial and legal aspects of your business, the realm may be as puzzling as a pair of labyrinthine laces. This is where Bench steps in. With a deep understanding of industry-specific taxes, laws, and customary bookkeeping challenges associated with cobblers, Bench provides impeccable online bookkeeping services. Whether you need help navigating the sales tax on footwear or addressing the special deductions applicable to your industry, our team of expert bookkeepers ensure that your business operates within the legal framework while also maximizing its financial health.
The Bench difference comes from the combination of user-friendly software and the dedicated attention of real, human bookkeepers. We appreciate that each cobbler business is unique, and our industry-savvy bookkeepers will tailor their services to meet your specific needs. For instance, they are well-versed in dealing with the costs associated with material purchase, labour, and the wear and tear of your equipment, ensuring these are correctly accounted for in your financial records. With Bench taking care of your books, you can continue to serve your customers with the dedication and craftsmanship they have come to expect from you, while we handle the rest. Simplify your business' finances with Bench, because just like a well-crafted shoe, a well-managed business is one that stands the test of time.
Simple, straightforward pricing for everything your business needs.
Join over 25,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench.
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Frequently Asked Questions
Accounting or bookkeeping for a cobbler business shares commonalities with other types of retailers, including managing income, expenses, inventory, and payroll. However, there can be several unique factors:
- Materials & Inventory: Cobblers typically deal with a variety of materials like leather, rubber, and hardware which might not be common in other retailers. Inventory tracking and costing for these can require specialized knowledge.
- Labour Intensity: Cobbler services are typically labour-intensive, requiring the cobbler to track their time accurately for job costing and profitability analysis.
- Custom Orders: Cobblers often deal with custom orders which may require deposits, progressive invoicing, and detailed work-in-progress tracking.
This specificity makes bookkeeping for a cobbler business a niche requiring specialized expertise to ensure accuracies and efficiencies. For the best results, consider engaging a bookkeeper who understands the intricacies of your cobbler business.
There are several specific expenses or cost items a cobbler should factor into their bookkeeping practices. These include:
- Materials and Supplies: Includes all the costs associated with the materials used to repair or make shoes, such as leather, thread, glue, etc.
- Equipment Costs: Expenses related to equipment acquisition, maintenance, and repair like sewing machines, leather cutters etc.
- Labour Costs: All costs associated with hiring and paying employees or contractors.
- Rent and Utilities: Any cost related to the physical location of your business, including electricity, heating, and water.
- Marketing and Advertising Costs: Any costs associated with promoting your business, including website maintenance, print and digital advertising.
- Insurance, Licenses, and Permits: Your business will require specific insurance policies, licenses, and permits, each of which comes with a cost that you will need to factor into your books.
- Professional services: Costs associated with accountants, lawyers or any other professionals hired.
Keeping meticulous track of all these cost items can help cobblers maintain a clear picture of their business's financial health. It facilitates more informed decision-making for the business's future growth and stability.
Yes, cobblers can often deduct the cost of leather and other shoe-making materials as business expenses when computing their income tax. This can include the cost of goods sold and supplies used in the business. Depending on their individual circumstances, other potential tax deductions may be available such as costs related to their workspace, utilities, and business equipment. However, tax laws are complex and vary by location, so it's important to consult with an experienced bookkeeper or accountant who can provide personalized guidance based on your unique situation.
Nope! All bookkeeping is completed in-house.
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.
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 Cobblers
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.
No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.