11h 5min, may 1, 2025 y - Leica Camera Key WP

Description:

Substantive approach
Key areas Revenue B2C, Inventories, IFRS 16, Payroll
PM £170k
B2B and B2C sales
85% revenue is wholesale, rest is stores (walk-in) and e-commerce; 20% Stores revenue, 8% IC, 2% e-commerce
most cases wholesale sales direct to UK wholesaler
2 stores; 1 in Harrods and own store in Duke St
Stores/Walk-in
- Paypal or credit/debit cards
- no option for cash
- weekly transfers and reconciliations from Paypal to Bank account
- any pro-active controls for setting up new supplier bank account setup?
- need to document process flows particularly Retail
- daily controls: till report vs cash/paypal/card takings not known - check with client?

Added to timeline:

Date: