Having years of expertise, we understand the fundamentals of a successful supermarket business and can help you monitor key performance indicators. We also use industry benchmarks to compare your supermarkets financial performance against your industry peers.

Our Approach

Our approach is to mentor your business to a position of profitability. We urge our supermarket owners to ‘know their’ numbers’ including profit margins, average customer sales figures, fixed and variable costs, weekly stock turnover and departmental sales.

Software selection and systems is critical so that you can report and dissect your sales by individual departments including meats, seafood, fruit & vegetables, breads, alcohol and tobacco. We advise on good cash flow and stock turnover management information systems.

How do we do this?

We introduce a retail lean financial programme, which is designed to reduce operating costs and improve retail profits. We focus on tax relief and tax leakage in the business/company. We review the key financial challenges and identify the solutions. We review the existing book-keeping and recording software and can reduce costs by introducing a cloud accounting solution.

At RDA, we provide the following services:

  • Preparation of annual accounts includes preparation and filing of income tax or corporation tax
  • Preparation of payroll and submission of periodic P30’s and annual P35 returns
  • Cloud accounting book keeping services and maintaining purchase ledger, sales ledger and bank reconciliations & filing of periodic vat returns
  • Preparation of business plans, cash flow forecasts and profit projections
  • Tax & business registrations including vat, cat, paye, income tax, environmental levy and intrastat returns
  • Advice regarding claiming motor vehicle costs
  • Preparation of management accounts
  • Succession planning - Transfer of business to the next generation
  • Advisory service for tax leakage in the Company/Business
  • Negotiating with suppliers for a better pricing contract
  • Advice regarding commercial property Lease
  • Business mentoring to look at key areas for improvement, including stock turnover, fixed & varied costs & budget strategies for business
  • Financial advice and guidance on pensions and policies with a view to reducing charges & finding more tax efficient ways to operate the existing structure
  • Bank negotiations and loan restructuring
  • Industry benchmarking and KPI management

Get in touch today!

We can help