Bookkeeping and Accounting for Specialty Food Stores

In search of a bookkeeper and accountant for your specialty food store? We handle your books, allowing you more time to focus on concocting your unique gastronomic delights. Try us for free.

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How Bench works with specialty food stores

Indulge in your passion for specialty foods, while we handle your bookkeeping, income tax prep, and filing. Experts powered by a robust platform, Bench works with specialty food stores.

We get you set up

Our team invests their time to thoroughly comprehend your specialty food store business, answer all your queries, assist you in integrating your accounts, and guide you through how Bench can work optimally with your operations.

We do your bookkeeping

Every month, your dedicated bookkeeper arranges your specialty food store's transactions and drafts detailed financial reports. Should they require any additional information from you, they'll promptly communicate.

We deliver tax-ready financials

Our team of experts is conversant with the tax requirements for specialty food stores and will tailor their approach to the distinct needs of your business.

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

Get fast, unlimited support from our expert advisors

Bench Accounting ensures frequent updates on your bookkeeping status, tailored for your specialty food store. Got urgent queries that just can't hold on? You'll receive a response within a single working day, or even less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform ensures seamless data automation from numerous leading providers, minimizing common accounting errors. We have partnerships with top-tier merchants such as Gusto, Stripe, Shopify, and Square—guaranteeing precise bookkeeping specifically for specialty food stores.

See where you’re spending. Make smart decisions

Say goodbye to mounds of receipts and labor-intensive sales tracking—our secure system automates inputs directly from your linked accounts. With Bench Accounting, specialty food stores get detailed insights from one comprehensive dashboard. It's never been so easy to gauge the fiscal well-being of your store and make strategic financial decisions.

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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 specialty food stores

At Bench Accounting, we understand the financial complexities that come with running specialty food stores. Unique inventory management, fluctuating revenue streams due to seasonal sales, and industry-specific taxes are just few of the bookkeeping issues faced in this industry. That’s why we have designed and created industry-specific services tailor-made to cater to these unique needs. Our team of human bookkeepers, paired with intuitive software, manage and oversee every detail of bookkeeping from tracking sales, purchases, payments made and received, to recording all transactions of your specialty food business accurately.

Being well-versed with specific laws and regulations, our experts ensure your business maintains compliance while maximizing tax-deductions. For instance, we are well aware of the tax implications related to food and beverage sales, and the difference in taxable and nontaxable food items. We ensure that sales tax is appropriately handled so your specialty food store isn't overcharged or undercharged during tax season. Our process goes beyond simply bookkeeping; we understand your industry inside out and devote our services to empower you, so you can focus on your passion—providing unique, quality foods to your customers. Bench is here to take the stress out of bookkeeping and tax issues to let you channel your energy in growing your business.

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 specific tax considerations are there for a specialty food store?

Specialty food stores may need to consider several tax considerations unique to their industry. These could include:

  • Deductibles for space used for food production and/or food storage
  • VAT and other sales taxes related to food and beverage products
  • Deductions for expenditures on specialized equipment or machinery
  • Inventory accounting to track and manage perishable goods
  • Income from any catering or event services
  • Regulations and tax laws specific to the food industry

With the complex tax considerations involved in running a specialty food store, it's advisable for owners or managers to consult with a professional bookkeeper experienced in this sector to ensure full compliance and optimization of potential tax benefits.

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How can a bookkeeper help manage my specialty food store's inventory costs?

A bookkeeper can significantly assist in managing your specialty food store's inventory costs in several ways. Primarily, they would ensure accurate tracking of all incoming and outgoing inventory, easing the task of discerning where your money is spent. They can also help identify trends in inventory movement, highlighting any areas of potential wastage or overstocking. Additionally, a professional bookkeeper can work with you to structure a budget that factors in seasonal trends for a better inventory purchase strategy. Ultimately, their expertise can reduce unnecessary expenses, increase efficiency, and boost your bottom line.

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Are there any unique financial regulations I need to be aware of in the specialty food industry?

Yes, there are several unique financial regulations in the specialty food industry. These can significantly impact accounting and bookkeeping procedures for businesses within this industry. Regulations often relate to factors such as labeling, marketing claims, allergens, safe handling, and import/export laws. It is important to ensure that your business is compliant with all relevant regulations to avoid potential penalties. Working with a bookkeeper experienced in the specialty food industry can provide valuable guidance. However, legal expertise should also be sought for comprehensive understanding and compliance with these regulations.

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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 Specialty food 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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