When opening retail stores, it’s likely that you’ll need to update your chart of accounts for things that are unique to brick and mortar retail. You may not need all of these, but it’s better to have zero-balance lines than to wish you had them years ago for addition visibility. Retail-Specific Chart of Accounts AdditionsCategoryAccount...
How Retail Brands Battled Landlords Over Rent During the COVID-19 Pandemic
Summary The COVID-19 pandemic of 2020 created unprecedented challenges for retail businesses worldwide, leading to widespread store closures, sharp declines in foot traffic, and significant…...
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