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3 Keys To Efficient Retail Accounting 

Retail Minded

Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place. Another important aspect of accounting is financial reporting.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. While the report primarily focuses on how AI can optimize store layouts and marketing strategies, there is an underlying message on data security.

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Deloitte: Retailers Should Prepare for ‘Holiday Hangover’ in 2023

Retail TouchPoints

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022.

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14 Point of Sale Systems for Small Businesses in 2023

Small Biz Trends

Once the payment is processed, the money is deposited into relevant accounts. Sale POS systems may also have additional functionality, including payroll, employee management, and customer tools such as loyalty programs. For retailers, Vend can process in-store transactions and includes multichannel inventory management.

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Digital transformation: the evolving role of artificial intelligence in retail

Retail Focus

From the use of chatbots to direct customers to the correct department while shopping on their mobile device or computer, through to sophisticated inventory management that helps retailers operate easier, the potential for AI in retail is far-reaching. AI offers a wide range of benefits for retailers.

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MYOBelieve: Unleash your business potential

Inside Retail

Our customers have been clamouring for solutions that has stretched us far beyond pure accounting tech for many years, hungry for solutions in payroll, inventory management and more besides,” says MYOB’s GM – SME, Emma Fawcett. “It Watch the above video to find out how the MYOB business management platform works in Australia.

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Blockchain and Luxury Retail

Retail Focus

Their method of recording and verifying transactions is secure, transparent, and decentralised, and it can be applied to different sectors such as finance, supply chain, and digital identity verification. Luxury retailers can improve operational efficiency and cost savings through streamlined processes and enhanced inventory visibility.