Amazon is one of the most prominent e-commerce selling channels. Maintaining proper books of accounts is imperative for an Amazon seller as it allows the business to survive in a competitive environment. It is the prerogative of an e-commerce accountant to build a solid accounting foundation, maintain accuracy, and ensure tax compliance. A large portion of sellers on Amazon faces a challenge in maintaining accurate records of their finances, which leads to the risk of future tax liabilities and coercive action from authorities.
Shopify allows you to create your own digital store even if you don’t have computer programming knowledge. This is one of the main reasons for its growing popularity. We provide a full array of financial services that help Shopify sellers combat these issues such as assistance with setting up and maintaining inventory systems, proper accounting systems, understanding your business performance, and staying complaint with various rules and regulations.
The operating cycle refers to the average time a business takes to re-generate the cash invested in the day to day transaction. This cycle determines the ability of the business to pay off its debts and other current liabilities on time. The business must keep track of its operating cycle…
It is a reality that very few numbers of E-Commerce businesses survive beyond their initial years. The failure rate exceeds the success rate in this regard. The key reason for this failure is intense competition and mismanagement of working capital. Prudent management of capital constitutes an essential part of strategic…
A properly managed accounting system is the key to a successful business. It helps you to understand the health of your business, the viability of your decisions, and ensure regulatory compliance like filing of tax returns on a timely basis. Bookkeeping refers to the activity of recording your routine transaction…