E-commerce is one of the largest expanding industries in the world. The largest companies today, including Amazon, eBay, and Etsy, are taking over the retail centers in all categories. Electronics, hardware, cosmetics, medicine and even groceries have become available online. A lot of capital is flowing into the industry, and if your firm wants to take advantage of this growing sector, you will need to learn the nuances of e-commerce accounting.
Franchises have special accounting problems. These problems usually deal with the recognition of revenue. In franchise accounting, the franchisee is the person who owns part of the franchise. The franchisor is the company that owns all the franchises. Typically, the franchisee must pay the franchisor franchise fees including royalties and marketing.
Food & Beverage
Running a business in the food and beverage industry can be exciting yet challenging. You’re facing a new era of operations brought on by evolving consumer preferences, governmental regulations, and economic shifts. From small cafés to multi-location restaurant chains, or locally-sourced farms to large food distribution companies, keeping pace with these changes can impact the profitability of your business. But with the right ingredients, we can help you serve up success. Syntegric Advisors Food and Beverage Team works with companies who are hungry for growth and looking to innovate to stay relevant while staying true to their brand.
Manufacturing & Distribution
At Syntegric Advisors, our manufacturing and distribution accountants and consultants work with leading companies locally, regionally, nationally and internationally to plan for change, harness it and leverage it for long-term success. Many of our practice advisors are manufacturing industry veterans. Through their broad experience, insight and personal touch, they can help your manufacturing and distribution business define its unique tax and financial strategy; optimize tax, financial and accounting systems; operate more effectively and efficiently, and accommodate changes at every turn both in the U.S. and abroad.
Like every other industry, retail has its own metrics that need to be monitored. We speak the language of our clients and have worked with suppliers to improve their sales, real-time-replenishment, profitability, and relationships with retailers such as Wal-Mart, Lowe’s, Home Depot, Publix, Kroger, Bed Bath & Beyond, Sam’s Club, and many others.
With our accounting for retail operations, we will help you with product costing, templates to track inventory and automate the creation of replenishment orders to certain stores only when their inventory level warrants it, daily/weekly/monthly/annual sales reporting and analysis, and data mining to discover trends and opportunities.
Startups are born from ambitious dreams. Those dreams won’t take flight, however, without the finances to drive them forward. This is where understanding the fundamentals of accounting for startups comes into play. Before you make the startup leap, make sure you have the basics of finance under your belt.
Accountants are the navigators of the ship that is your startup. It’s your idea driving the startup forward, but you’ll need an accountant to stay on track, especially if you have investors. Don’t feel intimidated by the numbers! Reach out, ask for help, and you’ll find it’s easier than you thought to make sense of your startup’s standing.
The fulfillment of a nonprofit’s mission is dependent on accountability and efficiency. As budgets decrease and competition for funding increases, the pressures within a nonprofit can mount. Syntegric Advisors has the experience to help nonprofits throughout the Los Angeles Area and beyond navigate the terrain and effectively fulfill the mission critical strategies that ultimately impact the communities you serve.