Wholesale & Retail

The wholesale and retail sector in Malta holds significant economic importance, encompassing wholesalers importing goods for distribution to retailers and businesses. Retailers, ranging from supermarkets to online stores, sell these goods to consumers. The sector faces challenges including competition, tourism's influence, e-commerce growth, logistics, and regulatory compliance. To support the sector, the Maltese government promotes entrepreneurship through initiatives such as financial assistance and training programs. Businesses in Malta's wholesale and retail sector can thrive by embracing innovation and adapting to consumer demands. Despite a relatively small market, the sector's success relies on differentiation and meeting customer expectations. Furthermore, the logistics and transportation networks are vital for efficient supply chains in this island nation.

We offer a broad spectrum of accounting and corporate services that are designed to support you in wholesale distribution, retail operations, and e-commerce, whether you are a small independent retailer or a large-scale wholesale distributor.

Our sector-specific service offerings include but are not limited to:

  • Financial Reporting: We provide accurate and timely financial reporting services tailored to the wholesale and retail industry. Our team of experienced accountants prepares comprehensive financial statements, including income statements, balance sheets, and cash flow statements. We ensure that your financial reports comply with relevant accounting standards and provide a clear picture of your business's financial performance.
  • Inventory Management: Efficient inventory management is crucial in the wholesale and retail industry. We assist you in implementing effective inventory control systems, tracking inventory levels, and optimising reorder points. Our services help you reduce carrying costs, minimise stockouts, and improve your cash flow.
  • Cost of Goods Sold (COGS) Analysis: We help you analyse and understand the cost of goods sold. Our team assesses the various components of COGS, including direct costs, indirect costs, and overhead expenses. By conducting thorough COGS analysis, we identify areas for cost savings, process improvements, and operational efficiency.
  • Retail Margin Analysis: We can analyse your retail margins to assess pricing strategies and evaluate the profitability of your products and services. Our experts can help you identify high-margin products and optimise pricing strategies to enhance profitability.
  • VAT Compliance: We understand the complexities of VAT compliance in the wholesale and retail sector. Our tax professionals can assist you in navigating VAT regulations, determining VAT liabilities, and ensuring compliance with local tax laws. We help you minimise the risk of tax penalties and streamline your VAT reporting processes.
  • Financial Planning and Budgeting: We help you develop financial plans and budgets that align with your wholesale and retail goals. Our team assists in creating realistic financial projections, analysing revenue and expense trends, and evaluating investment opportunities. By providing accurate financial planning and budgeting, we enable you to make informed decisions and allocate resources effectively.
  • Point of Sale (POS) Integration: We assist in integrating your accounting systems with your point of sale (POS) systems or e-commerce platforms. This integration ensures that your sales, inventory, and financial data are seamlessly captured and synchronised. It allows for accurate and real-time reporting, streamlines your operations, and improves data accuracy.
  • Business Advisory Services: Our team provides strategic advice to help you optimise your wholesale and retail operations. We offer insights on improving cash flow, expanding to new markets, implementing cost control measures, and enhancing customer profitability. We act as your trusted advisor, supporting your long-term growth and success.