$20,000+

Saved annually on taxes

& bookkeeping

25 Hours

Saved on tax

preparations 

3X

Faster & cheaper

services 

Dive into our cutting-edge accounting service

What you get with Otterz

A RETAIL & E-COMMERCE SUCCESS STORY

From Financial Mess to Success: How Otterz Transformed Right Time Watch’s Finances

Right Time Watch, a luxury watch retailer business in Colorado, struggled with disorganized financials, costly errors, and inaccurate revenue tracking across eCommerce, in-store sales, and repairs. After limited support from a high-cost accounting firm, they contacted Otterz to help streamline their finances, improve compliance, and reduce costs.

CHALLENGES

The Struggles Faced

Struggling with an expensive accounting firm, outdated bookkeeping practices, and tax filing errors, this company found managing its finances a growing burden. Inventory records were misclassified, resulting in errors in Cost of Goods Sold (COGS)

and revenue calculations, while incorrectly filed sales tax created compliance risks. The company’s multiple business entities were poorly managed, leaving its books unbalanced and making it difficult to assess profitability across various locations and channels. The lack of reconciliation, combined with high accounting fees, prevented the retailer from accessing real-time financial insights, limiting its ability to operate efficiently or scale.

SOLUTIONS

The Turning Point

Transitioning to Otterz was a game-changer for this client. Our AI-powered platform enabled us to deliver tailored accounting solutions for both their online and in-store operations. We began by re-categorizing inventory, correcting tax records, and standardizing data to resolve previous discrepancies in COGS, revenue, and tax compliance. Otterz's multi-entity support simplified bookkeeping across multiple locations, while seamless Shopify integration ensured accurate tracking of eCommerce transactions. The client now enjoys 24/7 access to real-time financial insights through our mobile-friendly platform, empowering them to make informed decisions on profitability and growth with confidence and control.

results

Transformation and Success

Savings of up

to 74% in costs

By moving from a large accounting firm to Otterz, the retailer lowered its accounting expenses while gaining better insights and support.

100% Accurate Financial Records

Books are reconciled and compliant, reducing tax liabilities and ensuring reliable reporting.

Inventory & Tax Management

Accurate categorization of inventory and sales

tax management has significantly reduced errors and saved time.

Entity-Wide

Consistency

Consolidated accounting across all locations gives the owners comprehensive financial oversight.