How to do accounting for a retail business
Retail accounting goes wrong when someone re-types till totals into a separate ledger. The fix is a system where trading posts to the books automatically. RushFlow keeps a real double-entry ledger that fills itself in from your sales, purchases and payroll.
The problem
Manual bookkeeping from POS exports is slow, error-prone and always behind.
- Re-keying till totals
- Tax that will not reconcile
- Books a month behind reality
The approach with RushFlow
Every sale, purchase, payment and payroll run posts the right journal automatically, so statements are current.
- Automatic double-entry postings
- Trial balance, P&L and balance sheet
- Output and input tax tracked
- Period locking for closed months
Frequently asked questions
Do I still need separate accounting software?+
No. RushFlow keeps a real double-entry ledger and produces P&L, balance sheet and tax reports automatically.
How does tax work?+
Output tax on sales and recoverable input tax on purchases are tracked as you trade, and reversed correctly on returns.
Can my accountant still review it?+
Yes — standard statements and a chart of accounts, with manual journals where needed.
Can I lock closed months?+
Yes, period locking protects reported figures.
Run your entire business on RushFlow
POS, inventory, accounting, branches, team and an online store — one connected system.