How to do Bookkeeping for Pet Store?

Bookkeeping for a pet store involves specific tracking of both inventory and financial transactions. Starts with categorizing different revenue streams like sales of pets, pet food, accessories, and services. Use software like Xero to automate this process. Regularly update inventory levels, accounting for perishables like pet food. Record daily sales and reconcile with bank statements. Track expenses, from utility bills to pet supplies. Allocate budget for marketing, staff salaries, and unexpected medical expenses for animals. Monthly, review and analyze financial reports to ensure profitability. Good bookkeeping ensures a healthy, successful pet business.

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