Bookkeeping and Accounting for Hardware Stores

Searching for a bookkeeper and accountant for your hardware store? We manage your books, so you have more time to concentrate on building your business. Try us for free.

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How Bench works with hardware stores

Empower your hardware store with stress-free bookkeeping, income tax prep, and filing—all handled by our expert team and backed by one advanced platform. Bench works hand-in-hand with hardware stores.

We get you set up

Our team makes the effort to fully comprehend the ins and outs of your hardware store, respond to your inquiries, assist you in configuring your accounts, and demonstrate how Bench can streamline your bookkeeping.

We do your bookkeeping

Each month, your dedicated bookkeeper organizes all your hardware store transactions and prepares accurate financial statements. Should they need any additional information from you, they won't hesitate to reach out.

We deliver tax-ready financials

Our squad of experts understands the nuances of tax regulations applicable to hardware stores and will tailor their approach to fit your store's specific requirements.

Here’s why hardware stores like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

At Bench, we understand the complexities of managing finances in the hardware sector. We make a point to provide regular updates about your bookkeeping. Dealing with an urgent matter that can't wait? Rest assured, we will respond to your concerns in under a business day.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our solution enables the automation of data inputs from a variety of main providers, reducing the risk of common mistakes. We have robust affiliations with merchants like Gusto, Stripe, Shopify, and Square— ensuring your hardware store's financials are always precise and reliable.

See where you’re spending. Make smart decisions

Say goodbye to the disorder of receipts and strenuous manual record keeping—Bench Accounting for Hardware Stores automates entries directly from linked accounts. Gain clarity from a unified dashboard, making it simple to comprehend the financial state of your hardware business and make informed, 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
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We know bookkeeping for hardware stores

Running a hardware store isn't just about product management and customer service—it also involves intricate financial tasks such as inventory management, cost allocation, payables and receivables tracking, and managing industry-specific taxes and laws. Every year there are changes to specific tax laws, and understanding these along with juggling everyday business operations can be a substantial burden. This is where Bench steps in to simplify the process and provide seamless online bookkeeping services tailored specifically for small hardware stores.

Our expert team at Bench aligns with the unique financial needs and industry-specific laws and taxes related to running hardware stores. We take care of matters such as tax deductions associated with inventory management and tools required for business operations, ensuring full compliance with tax regulations. With our unique combination of intuitive software and real, human bookkeepers, Bench effortlessly handles all the bookkeeping needs of your small business - from everyday transactions to year-end tax prep. We take on the financial heavy lifting, allowing small business owners to devote their time and energy to what truly matters - growing their business. With Bench, your financials are always effortlessly sorted and only a click away.

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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How can Bench Accounting assist with tracking inventory and sales for my hardware store?

Bench Accounting can significantly assist with tracking inventory and sales for your hardware store. Our skilled bookkeepers use top-notch software to comprehensively manage all aspects of your financial transactions, including the monitoring of your store's inventory and sales.

By offering a clear and accurate picture of your stock levels and sales trends, Bench allows you to make informed decisions for reordering to avoid both overstocking and stock-outs. Our system integrates easily with major Point of Sale (POS) systems, ensuring all sales transactions are accurately reported and tracked in real time.

Furthermore, our service helps accurately categorize these transactions to provide insightful and easily interpretable financial reports. Whether you need to closely monitor your busiest sales periods or identify best selling items, Bench Accounting is committed to providing solutions that empower you to run your hardware store effectively.

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What kind of tax deductions or benefits should my hardware business be aware of and how can Bench Accounting help me maximize them?

Hardware businesses can tap into a range of tax deductions and benefits. Some of these include deductions for operating expenses, cost of goods sold, home office expenses, and depreciation of tools and equipment. Additionally, you may qualify for specific credits or deductions based on region or the structure of your business.

Bench Accounting is here to help you maximize these benefits. Our team of experts stays up-to-date on federal and regional tax laws, ensuring we’re always knowledgeable about the current deductions and credits available to hardware businesses. Once we understand your unique business situation, we’ll work with you to track relevant expenses, apply eligible deductions, and compile accurate tax reports to optimize your return.

We offer comprehensive bookkeeping services with a focus on maximizing tax benefits. Trust in Bench Accounting for your bookkeeping needs and benefit from our specialized, personalized approach.

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How does Bench Accounting manage the financial complexities like payroll, vendor payments, and other bookkeeping tasks specific to hardware stores?

At Bench Accounting, we specialize in simplifying and managing the financial complexities often associated with running a hardware store. Our team of expert bookkeepers uses innovative technology and proven accounting techniques to manage tasks like payroll, vendor payments, inventory control, and more.

For payroll management, we ensure all your employees are paid correctly and on time, handle tax deductions, and ensure compliance with relevant laws and regulations. Vendor payments are handled meticulously to manage your expenses effectively and maintain good relationships with your suppliers.

Moreover, we understand that hardware stores have specific bookkeeping needs, such as managing high-volume inventory or tracking sales of seasonal items. Our bookkeeping services are tailored to these unique business needs to provide comprehensive, accurate, and efficient financial management.

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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 Hardware stores

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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