Getting Your Books Right: 5 Retail Accounting Challenges
The last couple of years saw the retail industry skyrocketing to unprecedented levels. The limitations of the pandemic era and the changing customer habits of the uptake in hybrid working patterns created a fertile ground for growth. The value of UK retail sales rose to £421bn in 2021, but the rise in customer demands came with its challenges. One of the difficulties that growing retail businesses face is accounting, which will be the focus of this article.