Bookkeeping and Accounting for Floral Shops

Searching for a bookkeeper and accountant for your floral shop? We manage your books, so you can spend more time creating beautiful arrangements. Try us for free.

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How Bench works with floral shops

Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform. Bench works hand-in-hand with floral shops.

We get you set up

Our team takes the time to genuinely understand the unique dynamics of your floral shop, respond to your queries, assist you in connecting your accounts, and demonstrate how Bench works seamlessly with your business.

We do your bookkeeping

Every month, your dedicated bookkeeper categorizes your floral shop transactions and compiles financial statements. If they require additional information from you, they’ll reach out promptly.

We deliver tax-ready financials

Our team of experts is well-versed with tax regulations for floral shops and will tailor their approach to meet your unique business needs.

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

Get fast, unlimited support from our expert advisors

At Bench Accounting, we'll keep you constantly updated with your flower shop's bookkeeping needs. Got urgent inquiries that need to be addressed? Rest assured, our team will respond to your concerns within one business day, if not sooner.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform empowers you to automate data entries from the majority of top-tier providers, preventing regular errors. We collaborate with vendors such as Gusto, Stripe, Shopify, and Square, ensuring your floral shop's finances are always spot-on.

See where you’re spending. Make smart decisions

No more wrestling with mountains of receipts and tiresome manual tracking—Bench Accounting streamlines your bookkeeping by automating inputs directly from your integrated accounts. Benefit from a single, easy-to-use dashboard providing insightful information about your floral shop's performance, so you can comprehend the health of your business and make strategic decisions with ease.

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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 floral shops

Navigating the intricacies of bookkeeping can be a thorny proposition for floral shops. From budgeting for seasonal variations in cash-flow to understanding the industry-specific tax laws, managing the books can quickly become overwhelming. With Bench Accounting, small business owners in the floral industry can focus on crafting beautiful arrangements instead of pouring over receipts and tax forms. What's more, the nuances of the floral industry, such as inventory management and tracking perishable goods, are something we are already well-versed in.

Bench's innovative approach pairs intuitive software with real human bookkeepers to simplify your bookkeeping processes. Our expert team understands the unique aspects of taxes and laws pertaining to the floral industry, ensuring your bookkeeping is always up-to-date and compliant with industry regulations. For instance, we comprehend the specific sales tax rules on live plants and flowers and have the knowledge to classify your expenses accurately, which is crucial during the tax season. So, whether you need help managing daily financial operations or preparing for tax time, Bench Accounting can weed out the stress of bookkeeping and help your floral shop flourish.

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 are the specific tax considerations for operating a floral shop?

Tax considerations for operating a floral shop can be quite specific and complex. As a business owner of a floral shop, it's vital to understand these potential considerations:

  • Sales Tax: As a retailer, you may be required to collect sales tax on your orders, especially if you're selling to customers in your own state.
  • Inventory Management: You may be able to write off unsold perishable goods, like flowers, at the end of the tax year. Consult with a tax professional to determine how best to track and claim these potential losses.
  • Receipt of Goods: If you receive goods from foreign suppliers, you may be subject to import taxes.
  • Self-Employment Taxes: If your floral shop is owned and operated by you solely, you may have to pay self-employment taxes, which cover social security and medicare.
  • Payroll Taxes: If you have employees, you'll have payroll taxes. This includes withheld income tax and FICA tax, as well as employer matching.
  • Deductibles: Many general business expenses can be deducted. These include advertising costs, transportation, equipment, or even a portion of your home if you're running your business there.

We recommend seeking the advice of a professional bookkeeper to ensure you are meeting all regulatory requirements and maximizing your allowable deductions.

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How does inventory management and accounting work for perishable goods like flowers?

Inventory management and accounting for perishable goods such as flowers require meticulous tracking and regular updating. Since these goods have a shorter lifespan, they need to be moved quickly through the sale process to avoid waste and financial loss.

From an accounting perspective, the Cost of Goods Sold (COGS) needs to be calculated accurately. This is done using the First In, First Out (FIFO) method, which assumes that goods are sold in the same order they were bought or produced.

Keeping accurate inventory records helps to manage stock levels effectively and aids in predicting future demand and supply patterns. Regular stock checks should be done to account for wastage or spoilage to provide accurate financial reporting.

With the help of experts at Bench Accounting, we can streamline this process while ensuring your books are always up-to-date and accurate.

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How can accurate bookkeeping aid in managing the seasonal fluctuations of a floral business?

Accurate bookkeeping can significantly aid in managing the seasonal fluctuations of a floral business. By tracking expenses and income meticulously, business owners can gain a clear understanding of their financial performance during peak and off-peak seasons. This can help in budget planning, forecasting revenue, managing inventory, and making strategic decisions related to staffing or marketing. Moreover, maintaining accurate books can ensure all tax obligations are met and financial reports for potential investors or lenders are trustworthy and reliable. In essence, accurate and consistent bookkeeping can lead to more sustainable, strategic, and targeted operations for a floral 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 Floral 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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