Accounting for wholesalers
and food importers.

Yes. Wholesale and food-import accountancy is a specialism of CRV Gudka & Co. Our Edgware team supports the accounting records and reports behind purchases, stock, supplier balances, customer credit, VAT information and business performance.

Keep sales and purchase invoices, bank records, customer and supplier ledgers, credit notes and stock-count information. Food importers should also retain the relevant freight, shipping and import VAT documents. We discuss a tailored information list for the work agreed.

We can review the information behind the supplier price and related freight, duties, handling and other purchase costs. Understanding those components helps a discussion about product margins. How costs are treated in the accounts depends on the facts and applicable reporting requirements.

Stock counts and transaction records help establish what goods are held and how purchases and sales relate to the reporting period. Counts should be supported by records of movements, returns and relevant adjustments so that differences can be explained.

Keep evidence of the quantities affected, the reason and how the goods were dealt with. Those facts may affect stock valuation and reported profit. We can review the information as part of the agreed accounts work and the applicable reporting requirements.

Where the records support that level of detail, we can discuss reports comparing sales and relevant costs by product or category. The aim is to help you understand trading performance and pricing questions using a reporting scope suited to the business.

We can discuss the accounting records needed. Eligible UK VAT-registered importers may account for import VAT on a VAT Return using postponed VAT accounting, subject to HMRC’s conditions. Check the current HMRC guidance for eligibility.

No. The VAT treatment depends on the product and the circumstances of the supply; some food and drink products are standard-rated. HMRC’s food-products guidance explains the distinctions. We can discuss the records and product information relevant to your accounting work.

Customer debts, supplier commitments and stock levels can be reviewed together as part of management information. That helps explain working-capital pressure and gives you a clearer basis for decisions about purchasing, payment timing and credit control.

Tell us which currencies, payment records and systems your business uses. We can discuss the exchange-rate and transaction information needed for the agreed bookkeeping or reporting work, rather than assuming all overseas transactions can be treated in one way.

This page describes accounting and financial-record support. Customs declarations, freight operations and food-import permissions are separate operational or regulatory matters. We can clarify the records needed from your customs agent, freight provider or other adviser for the accounting work.

Yes. We support clients across the UK as well as locally. Contact our team with an outline of your wholesale or food-import business, current records, stock arrangements and the financial questions you want to address.