Bookkeeping and Accounting for Sporting Goods Stores

Searching for a bookkeeper and accountant for your sporting goods store? We handle your books, freeing you up to focus on perfecting your product range. Try us for free.

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How Bench works with sporting goods stores

Let Bench tackle the numbers so you can focus on the game. Get your bookkeeping, income tax prep, and filing done by our team of experts—backed by one powerful platform. Bench proudly partners with sporting goods stores nationwide.

We get you set up

Our team makes the effort to fully comprehend your sporting goods store, answer any queries, assist you in connecting your accounts, and demonstrate how Bench functions efficiently with your business.

We do your bookkeeping

Every month, your specialist bookkeeper will categorize your sporting goods store's transactions and create detailed financial statements. Should they require any more information from you, they won't hesitate to reach out.

We deliver tax-ready financials

Our squad of experts is well-acquainted with the tax regulations regarding sporting goods stores and will tailor their strategy to meet the distinct requirements of your business.

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

Get fast, unlimited support from our expert advisors

At Bench Accounting, we know that running a sporting goods store comes with its unique set of challenges and financial complexities. This is why we're here to tackle your bookkeeping tasks for you. We'll provide regular updates on your financial status and ensure your books are always up to date. Should any urgent questions or concerns arise, rest assured we will address them in one business day or less.

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Guaranteed accuracy in every detail

Our platform seamlessly integrates data from major providers to help streamline your bookkeeping and sidestep usual errors. We collaborate with top merchants including Gusto, Stripe, Shopify, and Square—ensuring your financial transactions for your sporting goods store are always precise.

See where you’re spending. Make smart decisions

Say farewell to heaps of invoices and laborious manual inventory tracking—we streamline your financial data directly from linked accounts. With Bench Accounting, sporting goods stores gain insights all in one central dashboard, allowing for easy comprehension of their business health and making strategic decisions a walk in the park.

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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 sporting goods stores

Bench Accounting is your ultimate partner in managing the financial side of your sporting goods store. With a deep understanding of industry-specific tax laws and regulations, our team of expert bookkeepers effectively navigate the complexities of accounting in sporting goods retail. We grasp the nuances of sales tax on varying types of sports gear, excise taxes on certain sporting goods, and the kind of inventory management issues that can commonly arise in this specific industry.

With Bench, the bookkeeping process is revolutionized. By fusing intuitive software with a real, human touch, we simplify this otherwise daunting task. Our professional bookkeepers ensure accurate daily entries, timely reconciliations, and diligent financial monitoring—so you can focus on running and growing your sporting goods store. Whether you handle specialized athletic equipment or sell a wide range of sporting goods, Bench keeps your books tax-ready, helping you avoid potential legal issues and financial pitfalls. Our expert team is not just knowledgeable about the universal principles of accounting, they also understand the specific laws, taxes, and financial nuances of the sporting goods sector.

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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Do I need to keep track of the inventory for my sporting goods store for accounting purposes?

Yes, tracking inventory is an essential part of the accounting process for a sporting goods store. Inventory is considered a current asset and plays a significant role in determining profit and tax liability. Proper inventory management helps avoid discrepancies in financial statements, ensuring accurate income and overall financial health of your business.

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Can Bench Accounting assist with processing and recording sales of my sports equipment?

Yes, at Bench Accounting, we offer comprehensive bookkeeping services which include the processing and recording of all sales transactions. So, whether you're selling sports equipment or other merchandise, our team of skilled bookkeepers can accurately track and record all your sales to ensure that your financial records are accurate and up-to-date. We not only assist in recording the income but also in categorizing it correctly so you can effortlessly keep track of your business's financial performance.

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How can I properly manage returns and exchanges in my store's bookkeeping system?

Managing returns and exchanges in your store's bookkeeping system is crucial for maintaining accuracy in your financial records. There are few steps you can take:

  • Set up a clear returns and exchanges policy: This policy should detail under what conditions a product can be exchanged or returned, and the timeline for these actions.
  • Use a dedicated account: Assign a specific account for returns and exchanges, do not mix it up with the regular sales.
  • Maintain accurate records: Make sure to record every return and exchange transaction immediately. This will assure the accuracy of your inventory and accounting data.
  • Monitor your accounts: Regularly review your return and exchange account to identify any trends or abnormalities that could indicate issues or financial loss.
  • Work with a bookkeeper: A professional bookkeeper can help manage these transactions, ensuring they are correctly logged in your system. If you are using Bench Accounting, our dedicated bookkeepers are here to help.

Correct handling of returns and exchanges can prevent discrepancies in your financial reporting and ensure you have the most accurate picture of your business’s financial health.

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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 Sporting goods 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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No credit card required. By clicking ‘Start a Free Trial’, I agree to Bench’s Terms & Privacy Policy.