Loading tool...
Loading tool...
A comprehensive Chart of Accounts for retail businesses and e-commerce. Includes inventory tracking, COGS management, and multi-channel sales reporting.
Use This TemplateThis template includes 30 accounts optimized for retail operations with inventory.
Primary operating account
Credit card processor deposits
Small cash transactions at register
B2B customer credit accounts
Value of products held for sale
Payments received but not yet deposited
Amounts owed to suppliers
Business credit card balance
Collected sales tax owed to state
Outstanding gift card balances
Wages and taxes owed
Owner investment and accumulated earnings
Prior years profits
Revenue from product sales
E-commerce revenue (separate for analysis)
Shipping charges billed to customers
Gift card redemptions (recognized revenue)
Contra-revenue to track discounts (negative)
Direct cost of products sold
Shipping cost to receive inventory
Contra-COGS for supplier discounts
Shrinkage, damage, obsolescence
Marketing and promotional costs
Credit card processing fees
Bags, boxes, tissue paper
Employee wages and payroll taxes
Storefront or warehouse rent
Outbound shipping costs
Cleaning, display materials
Electric, gas, water, internet
Key strategies for maximizing profitability and visibility in retail accounting.
Track e-commerce and brick-and-mortar revenue separately to analyze channel performance and make informed decisions about where to invest.
Use the perpetual inventory method in QuickBooks® to automatically update COGS when sales are made. This gives real-time visibility into profitability.
Include freight-in, purchase discounts, and shrinkage in your COGS accounts for accurate gross margin calculation.
Credit card processing fees can eat into margins. Track them separately to identify if you should negotiate rates or add cash discount programs.
Generate this template for QuickBooks® Desktop or Online.
Generate Retail Template