You should go through bank reconciliations regularly, depending on the number of transactions. It could be every day for a high volume of transactions but I would suggest at least weekly.
Why and how to do bank reconciliations? – Lesson 10 Read More »
The major point here is that processing and reconciliation of your Amazon or Shopify sales transactions with Xero can be automated.
Integrate Xero and eCommerce platforms – Lesson 11 Read More »
Why you need cloud accounting for ECommerce business? We have made a decision to focus primarily on helping eCommerce and online businesses migrate and automate their accounting function with Xero. We\’ve been doing this for some time and we noticed that more and more eCommerce businesses are having serious problems with accounting and reconciling their
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4 Bad Online Sellers’ Habits to Break Today Running a business can be tough, especially when you are operating in eCommerce space. There are so many things to think about, and it can be easy to get into bad habits or resort to short-sighted measures in order to earn or save a quick buck. In
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Six Strategies for Ecommerce: How to Sell Online Running an eCommerce business is hard, but fortunately there are a few strategies that will help make your life easier and allow you to focus on what\’s most important: selling products. In this article we\’ll look at six tips for running an eCommerce business and how they
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Net Profit: A Need-to-Know Guide for Ecommerce If you\’re running an eCommerce business, then you need to understand net profit margin. In fact, this metric is one of the most important indicators of a company\’s financial health. In this quick guide, we\’ll explain what net profit margin is, how to calculate it and various factors
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How Your Ecommerce Business Can Reach a Global Audience Are you looking to expand your eCommerce business into new markets? If so, you\’re not alone. Many online businesses are realising the benefits of reaching a global audience. However, doing so can be a daunting task. There are many things to consider when expanding your eCommerce
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How to Manage Negative Cash Flow in Ecommerce The words “negative cash flow” certainly don’t sound like much of a cause for celebration and truthfully, they often aren’t. However, negative cash flow isn’t always a cause for concern, either, and even when it is, there are steps you can take to rectify the situation. What
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https://www.youtube.com/watch?v=–k2ZCVDwaA How to Manage Cash Flow During Uncertain Times The pandemic has caused widespread panic and the war between Russia and Ukraine is throwing the world into further uncertainty. Both will have far-reaching consequences for years to come, which is why it’s vital that eCommerce business owners take charge of their cash flow now. Cash
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The Biggest Financial Mistake that Ecommerce Business Owners Make The biggest financial mistake that eCommerce business owners make isn\’t about credit cards or spending or savings accounts. It\’s DIY accounting. If you\’re like most eCommerce business owners, you try to do as much as you can yourself in order to save money. However, when it
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