Comprehensive financial services for Consumer Goods & Retail companies
Fuel your growth with Tapestri Services’ expertise. We help hundreds of consumer companies with complex channels, inventory controls, fundraising, and taxes.
A GLIMPSE OF OUR EXTENSIVE CLIENT ROSTER OVER THE YEARS
Tapestri Service has proven to be an exceptional partner, and I genuinely believe there are no comparable alternatives in the industry. As a founder, it brings immense relief to know that responsible professionals are handling this critical aspect of my business, allowing me to focus my time and energy elsewhere. Tapestri Service’s unique approach combines the personal touch of human expertise with the efficiency and dependability of automated processes. It’s the perfect balance that ensures top-notch service and allows me to stay on top of my financial obligations with minimal effort.
Tapestri Services has seamlessly adapted to our evolving needs as we transitioned from a single product to a multi-product company. Their deep understanding of e-commerce businesses and industry-specific knowledge has been invaluable in guiding us towards the most efficient systems for smooth bookkeeping. They have truly grown with us, providing tailored solutions that align with our unique requirements and ensuring our financial processes remain streamlined and effective.
Frequently asked questions
Why is bookkeeping for consumer and retail companies unique?
Online retailer and consumer companies face challenges around managing physical goods (such as COGS, inventory, supply chain, fulfillment), and often have complex selling channels (such as multiple platforms, differing fee and payout structures, and multiple payment processors). They also tend to have large transaction volumes. All these things affect your book, which is why it’s important to have a bookkeeper with a strong background in your industry.
What kinds of consumer and retail customers does Tapestri Services support?
Tapestri Services serves consumer and retail customers of all shapes and sizes, across different sectors (food and beverage, apparel, hard goods) and business models (direct-to-consumer and multi-channel retailers, manufacturers, wholesalers).
What types of sales platforms do your customers use?
We have customers using every major e-commerce platform, including Shopify, Amazon, WooCommerce, Magento, BigCommerce, and Salesforce Commerce Cloud.
Do you handle inventory?
Tapestri Services can make inventory updates in your financial statements every month based on data provided either directly by you or by the source of truth for your inventory, such as an inventory management system (e.g., TradeGecko / Quickbooks Commerce). This is not included by default, but can be added to any plan. Please contact us for more details.
How does Tapestri Services calculate Cost of Goods Sold?
There are several different components that make up Cost of Goods Sold (COGS) for a typical Consumer and Retail company:
- For product COGS (i.e., the actual cost of the items sold), we base our calculations on inventory and fulfillment information you share with us.
- For Merchant Fees and Shipping Costs, we track your metrics automatically and categorize your variable expenses in COGS.
- For all other variable costs you wish to track as COGS (e.g., Storage Costs), we work with you to create accounts and categorization rules to implement this for your business.
What system do you recommend for managing inventory?
We work with a variety of inventory management solutions but recommend TradeGecko/Quickbooks Commerce and Skubana based on their simplicity of use and ability to scale.
How does Tapestri Services handle returns/gift cards?
Our automation pulls this information directly from your store, ensuring you have accurate figures for both items month–over–month.
Does Tapestri Services have the ability to break out Amazon/Shopify fees in the P&L?
Yes, Tapestri Services can separate our merchant fees of all types in your Profit and Loss statements.
Does Tapestri Services break out revenue and costs by product and/or channel?
Yes, Tapestri Services can break out revenue and costs in your P&L by product line and/or channel. Depending on the degree of granularity you’d like to capture, we recommend doing this in the P&L itself for simpler break-outs (e.g., revenue by channel) and via a detailed KPI dashboard for more complex analysis (e.g., monthly profitability by SKU).
Your Core plan includes connections to four financial institutions, but my business uses more than four. Does that mean I’m a Plus customer?
For simple consumer and retail companies that have more than 4 financial institutions, we offer the option of adding additional financial institutions to your Core subscription for a flat fee.
Does Tapestri Services handle sales tax?
We don’t currently offer sales tax services, but can recommend a number of software and service providers depending on your needs.
Can Tapestri Services help me manage KPIs that aren’t in the books?
Yes, we offer KPI tracking and dashboards through CFO Services. For Consumer & Retail clients, our CFO Services team typically helps track KPIs such as marketing metrics throughout the customer funnel, LTV/CAC, inventory turns, and profitability across the product portfolio.
Can Tapestri Services help me raise capital?
Yes, through the Fundraising Strategy & Support package offered by our CFO Services. Our experienced CFOs can assist with strategy, pitch narrative and deck development, financial and market analyses, and more.
See what Tapestri Services can do for you
Get the peace of mind that comes from partnering with our experienced finance team.