Retail businesses run on inventory turnover, gross margin, and the cash flow gap between buying stock and selling it. E-commerce adds platform fees, shipping costs, and the GST treatment of cross-border sales. Each channel has different margin profile, different fees, and different reconciliation work.
Add inventory accounting that tracks COGS at the SKU level. Add multi-platform sales requiring reconciliation. Add seasonal patterns and the cash flow tied up in stock. The financial work behind a retail business is sector-specific.
A general accountant can mishandle inventory accounting, miss legitimate deductions, or fail to reconcile platform sales correctly. Specialist retail accounting understands the inventory work, the platform fees, and the multi-channel patterns of the sector.