Suite 4, 255 Whitehorse Road, Balwyn VIC 3103

Retail

Retail and Ecommerce Accounting for Omnichannel Businesses

Inventory accounting, margin reporting, and cashflow planning for retailers with physical stores, online shopfronts, or both. We integrate your systems and make the numbers work together.

Xero Platinum Partner and MYOB Diamond Partner

Cloud accounting for retail businesses

Shopify & POS Integration

One set of books for every channel

Margin Reporting

Real-time visibility on what's actually profitable

Principal-Led Advice

Advice from experienced and knowledgeable professionals

Xero Platinum Partner and MYOB Diamond Partner

Cloud accounting for retail businesses

Shopify & POS Integration

One set of books for every channel

Margin Reporting

Real-time visibility on what's actually profitable

Principal-Led Advice

Advice from experienced and knowledgeable professionals

The Challenge

More Sales Doesn't Mean Profitable. We Help You Find the Difference

Inventory Chaos Across Channels

Running stock across a physical store and an online shop without integrated systems means your accounting is always a guess. Decisions get made on numbers that are already wrong.

Margins Eroded Without Noticing

Discounting, freight costs, returns, and platform fees quietly shrink margins. Without accurate COGS and margin reporting by product or channel, you don't know where you're actually making money.

Cashflow Gaps in Seasonal Business

Retail cashflow is uneven by nature. Stock has to be bought before it's sold. Without seasonal cash flow planning, a strong quarter can still leave you short.

What We Cover

Our Retail and Ecommerce Accounting Services

Specialist accounting for bricks-and-mortar retailers, ecommerce businesses and wholesalers.

Ecommerce Accounting Services

Platform revenue reconciliation
Returns, refunds, and multi-currency management
Online sales tax compliance

Retail Inventory Accounting

Stock valuation across all channels
Inventory reconciliation and shrinkage reporting
Trading stock reporting under Australian standards

Shopify Xero Integration

Direct Shopify to Xero connection
Elimination of manual data entry
Real-time financial records from every sale

COGS and Margin Reporting

Cost of goods sold analysis by product and channel
Margin reporting by SKU, category, and location
Profitability visibility across your entire range

Seasonal Cash Flow Planning

Cash flow modelling around peak seasons
Stock buying cycle and payment term planning
Working capital management

Payday Super Compliance

Payday superannuation obligations
STP Phase 2 reporting for casual and part-time staff
Payroll compliance for high-turnover retail teams

Ecommerce Accounting Services

Platform revenue reconciliation
Returns, refunds, and multi-currency management
Online sales tax compliance

Retail Inventory Accounting

Stock valuation across all channels
Inventory reconciliation and shrinkage reporting
Trading stock reporting under Australian standards

Shopify Xero Integration

Direct Shopify to Xero connection
Elimination of manual data entry
Real-time financial records from every sale

COGS and Margin Reporting

Cost of goods sold analysis by product and channel
Margin reporting by SKU, category, and location
Profitability visibility across your entire range

Seasonal Cash Flow Planning

Cash flow modelling around peak seasons
Stock buying cycle and payment term planning
Working capital management

Payday Super Compliance

Payday superannuation obligations
STP Phase 2 reporting for casual and part-time staff
Payroll compliance for high-turnover retail teams

WHY KIDMANS PARTNERS

All Your Needs Under One Roof

Integrated, Not Siloed

Your bookkeeper, accountant, and adviser work from the same numbers. Your inventory, payroll, and tax position are managed together, not in isolation.

Regulatory Intelligence

We stay current with payday super requirements, STP Phase 2 obligations, and ecommerce GST rules so your compliance doesn't fall behind your growth.

Sector-Specific Intelligence

We understand how retail businesses actually operate, across seasons, channels, and margins. This isn't accounting adapted from a generic template.

Proactive, Not Reactive

We review your margins and cashflow position before your peak season, not after. Planning ahead means fewer surprises when it matters most.

TRUSTED IN MELBOURNE AND AUSTRALIA-WIDE

Real Results. Real Clients.

Don't take our word for it. Here's what our clients say about working with the Kidmans Partners team.

      EXCELLENT  
   Based on 30 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Chris Hitching 
 
 
 
 Trustindex verifies that the original source of the review is Google. We've been clients of Kidmans for many years, most recently working with Pravneel and his team. Kidmans has helped us tremendously from both a business and personal accounting and tax perspective. I have particularly valued and appreciated the time Prav has taken to understand our business and circumstances, to enable him to provide really good, targeted advice. I would highly recommend.
  
 
      Posted on Google  
   
   Danny Suleiman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Exceptional Service and Outcome.  From the very start of preparing a budget to best strategies to secure a home Prashneel of Kidmans Partners was with us.  He was really on our side and assisted in the many details of obtaining a mortgage.  I recommend him very highly.
Daniel Suleiman
  
 
      Posted on Google  
   
   Forrest Gump 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have dealt with Prashneel for years now and he has always been diligent and reliable. Thanks for you service
  
 
      Posted on Google  
   
   Amy Johnston 
 
 
 
 Trustindex verifies that the original source of the review is Google. Prashneel was fantastic to work with and helped me achieve a great outcome :-)
  
 
      Posted on Google  
   
   Janet Acintya 
 
 
 
 Trustindex verifies that the original source of the review is Google. Prashneel was amazing, he was very courteous, he listened to our needs and very honest feedback. He offered few solutions to help us finding the right decision. His communications throughout the process was absolutely above and beyond. I would definitely recommend him to everyone I know.
  
 
      Posted on Google  
   
   Johnny Raath 
 
 
 
 Trustindex verifies that the original source of the review is Google. Neel was very professional and efficient with the whole process. Made everything go smoothly.
I would highly recommend Neel for any future purchases. I'll be directing my family and friends to Neel to sort their housing finances out.
  
 
      Posted on Google  
   
   Bethany Henry 
 
 
 
 Trustindex verifies that the original source of the review is Google. A very professional and knowledge firm. I have been dealing with them for over 10 years and always very happy with their service, advise and friendly team.
  
 
      Posted on Google  
   
   Lana Burton 
 
 
 
 Trustindex verifies that the original source of the review is Google. Super helpful and timely home loan advice :)
  
 
      Posted on Google  
   
   Ashene Ranasinghe 
 
 
 
 Trustindex verifies that the original source of the review is Google. My wife and I were considering refinancing our home loan for a while given the uncertain nature of the interest rate forecast in the upcoming months. When we approached Prashneel, our goal was to find a package that is better than our current one, and not only did Prashneel managed to do that but he also superseded all our expectations.
He has a broad knowledge of the field and the professional advice offered to us through out the process eliminated any doubt that we had initially about this move. In summary, we would recommend his services to anyone without any hesitation.

Related Services

Services We Provide to Retail Clients

Our integrated practice means your accounting, audit, and advisory needs are handled under one roof.

Audit, Compliance & Assurance

Independent financial audits, internal controls reviews, and assurance services for retail businesses with complex reporting requirements.

Taxation & Business Services

R&D tax incentive claims, instant asset write-off planning, payroll tax, and proactive tax planning tailored to the needs of retail businesses.

Business Advisory & Mentoring

Strategic advisory for retail businesses focused on margin improvement, cash flow forecasting, equipment investment decisions, and succession planning.

Audit, Compliance & Assurance

Independent financial audits, internal controls reviews, and assurance services for retail businesses with complex reporting requirements.

Taxation & Business Services

R&D tax incentive claims, instant asset write-off planning, payroll tax, and proactive tax planning tailored to the needs of retail businesses.

Business Advisory & Mentoring

Strategic advisory for retail businesses focused on margin improvement, cash flow forecasting, equipment investment decisions, and succession planning.

NEWS & INSIGHTS

Latest From Kidmans Partners

Payday Super Has Arrived – What Employers Need to Know

One of the most significant changes to the Australian superannuation system in decades has now commenced. From 1 July 2026, Payday Super requires employers to...

Updates to Budget Measures and New Developments

Stay informed on updates to Australian Budget measures and other tax developments that may affect individuals, businesses and financial planning....

Client Tax Return Checklists

Use Kidmans Partners’ tax return checklists to prepare the information needed for individual, business, trust and SMSF tax returns....

Payday Super Has Arrived – What Employers Need to Know

One of the most significant changes to the Australian superannuation system in decades has now commenced. From 1 July 2026, Payday Super requires employers to...

Updates to Budget Measures and New Developments

Stay informed on updates to Australian Budget measures and other tax developments that may affect individuals, businesses and financial planning....

Client Tax Return Checklists

Use Kidmans Partners’ tax return checklists to prepare the information needed for individual, business, trust and SMSF tax returns....

TAKE THE FIRST STEP

Your Next Chapter Starts with a Conversation.

A complimentary initial call with one of our Senior Team Members. No obligation. No jargon. Just a clear plan for what comes next.

Frequently Asked Questions

We sell through both a physical store and online. How should our accounting track profitability by channel?

The most effective approach is to configure your accounting software so that sales, cost of goods sold, and direct expenses are coded to separate tracking categories for each channel. This allows you to produce a profit and loss statement by channel. We set up Xero and MYOB files for omnichannel retailers and produce channel-level reporting as part of our monthly bookkeeping service.

What is STP Phase 2 and how does it affect our payroll reporting?

Single Touch Payroll Phase 2 requires employers to report more detailed payroll information to the ATO with each pay run, including disaggregated income types such as ordinary earnings, overtime, allowances, and leave. For retailers with casual and part-time staff, this additional categorisation requires careful payroll setup. We manage STP Phase 2 reporting for retail businesses.

We use Shopify for our online store. How does that integrate with our accounting software?

Shopify can be connected directly to Xero or MYOB via integration, which automates the transfer of sales data, refunds, fees, and payment gateway transactions into your accounting file. We set up and maintain Shopify integrations for retail clients and reconcile the data as part of our ongoing bookkeeping service.

What are the payday super obligations for retail businesses with casual staff?

From 1 July 2026, employers are required to pay superannuation on or before each payday rather than quarterly. For retailers with large casual workforces, this increases the frequency of super payments and requires payroll systems to be configured accordingly. We manage payroll and superannuation compliance for retail clients to ensure obligations are met with each pay run.

How do we calculate the true cost of goods sold when we have multiple suppliers and varying freight costs?

Accurate COGS calculation requires that the cost of each unit includes not just the supplier invoice price but also directly attributable costs such as freight, customs duties, and handling charges. These costs need to be allocated to the relevant stock items rather than expensed as general overhead. We set up inventory accounting for retail businesses and produce COGS reporting that reflects the true cost of your stock.