Bookkeeping and Accounting for Liquor Stores

In need of a bookkeeper and accountant for your liquor store? We manage your finances, giving you more time to focus on the fine spirits of your business. Try us for free.

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How Bench works with liquor stores

Ensure your bookkeeping, income tax prep, and filing are seamlessly handled by professionals— all under one powerful platform. Bench is the partner liquor stores trust.

We get you set up

Our team makes the effort to thoroughly comprehend your liquor store operation, address your inquiries, assist you in connecting your accounts, and demonstrate how Bench can simplify your bookkeeping process.

We do your bookkeeping

Every month, your dedicated bookkeeper organizes your liquor store's transactions and prepares financial statements. If there are any requirements or queries, they won't hesitate to contact you.

We deliver tax-ready financials

Our group of professionals is well-versed with American liquor tax regulations and will tailor their approach to your liquor store's specific requirements.

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

Get fast, unlimited support from our expert advisors

We'll constantly provide you with bookkeeping updates specific to your liquor store. Got urgent queries that need immediate answers? Rest assured, we'll respond to you in less than one business day.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform simplifies the process of data compilation from major providers, helping liquor stores steer clear of frequent errors. We collaborate with suppliers such as Gusto, Stripe, Shopify, and Square—guaranteeing your financial records are consistently precise.

See where you’re spending. Make smart decisions

Wave goodbye to mountains of receipts and laborious inventory tracking—we automate entries directly from your linked accounts. Gain insights from one unified dashboard, making it simple to comprehend the financial vitality of your liquor store and make crucial business 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 liquor stores

Liquor stores navigate a unique combination of business challenges, including complex laws and fluctuating tax rates that vary by location and product. At Bench, we understand these obstacles. We help manage your bookkeeping so you can concentrate on running your business. Our professional bookkeepers have specialized knowledge in the beverage industry's constantly changing laws and taxes. They're well-equipped to handle industry-specific bookkeeping issues like tracking inventory, reconciling daily sales, and keeping up to date with the excise taxes.

In addition to managing the day-to-day bookkeeping tasks, Bench also takes care of tax filing for liquor store owners. Our expert team understands how liquor tax laws work and can skillfully mitigate your tax liabilities to keep your store profitable. With our innovative pairing of intuitive software and real, human bookkeepers, we make your bookkeeping stress-free. As a liquor store owner, you don't have to worry about missed deductions, unrecorded transactions, or incorrect tax filings. We've got it all covered.

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 accounting considerations for liquor stores regarding inventory and sales?

Liquor stores face unique accounting considerations, particularly when it comes to inventory and sales. Managing the cost of goods sold (COGS) is a significant aspect, as it heavily influences profitability. Liquor stores need to track inventory meticulously, which includes the type, quantity, and cost of the products. The fluctuation in alcohol prices and the rate of consumption requires constant management and updating of data.

With regards to sales, age verification is a vital component to consider, and thus, transaction records must include customer ID checks. In addition, sales practices and regulations differ greatly from state to state, including taxes and markups, which require specific attention while accounting. Sales promotions and discounts should also be recorded diligently to avoid discrepancies.

To aid in these complexities, liquor store owners may consider enlisting the help of experienced bookkeepers familiar with the specific needs and regulations of the liquor industry.

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How does Bench Accounting handle tax compliance and reporting for liquor stores?

Bench Accounting takes tax compliance and reporting for liquor stores very seriously. As bookkeepers, we understand the unique financial considerations for your industry - including specific sales taxes, licensing expenses, and in some regions, additional excise taxes. We meticulously record all necessary financials, manage receipts, and compile expenses to ensure that all tax obligations are accurately captured in your financial reports.

Additionally, our team helps you prepare for tax time by aligning your bookkeeping with tax-ready financial statements that your tax professional or CPA can use to file your taxes. We make sure to track and categorize all transactions related to your liquor store business, so at the end of the year, you have a clear, organized, and compliant record of your financials. Please note that while we assist with preparing your books for tax filing, we do not directly file taxes on your behalf.

By outsourcing your bookkeeping to Bench Accounting, you free up time to focus on running your liquor store while we manage the compliance and reporting aspects. Plus, we're always here to answer any questions or concerns you might have regarding your financial reports or tax compliance.

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Can Bench Accounting manage complex bookkeeping aspects like sales tracking and profit margins specific to my liquor store business?

Yes, Bench Accounting is equipped to manage complex bookkeeping aspects specific to your liquor store business. Our professional bookkeepers are experienced in dealing with industry-specific aspects like inventory management, sales tracking, and profit margin calculations. They can provide you with detailed financial reports, giving you a clear understanding of your business performance and financial health. So, irrespective of the complexity of your bookkeeping needs, our bookkeeping experts can handle them with precision and efficiency.

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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 Liquor 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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