Bank Reconciliations: What Are They and Why Do They Matter? If you\’re an eCommerce business owner, then you know that keeping your finances in order is of utmost importance. One important task in financial management is reconciling your bank transactions. But what are bank reconciliations, and why do they matter? Let\’s get into it. What […]
Bank Reconciliations: What Are They and Why Do They Matter? Read More »
Guide to Gross Profit Margin: How to Calculate It and Why It Matters If you\’re running an eCommerce business, it\’s important to understand what gross profit margin is and how to calculate it. This figure tells you how much money your business is making after accounting for the costs of goods sold. It\’s essential to
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A Quick Guide to Operating Profit Margin When running an eCommerce business, you need to keep a close eye on profits – but profit isn\’t a one-size-fits-all term. There are several different profit margins you need to know about, including operating profit margin. But what is your operating profit margin, and how does it differ
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We have covered the theoretical part of this FREE course \”Introduction to XERO and Benefits for eCommerce\” and now it’s time to move on to the practical part. Let\’s have a look at Lesson 6 – Xero business performance overview. To get a more detailed overview of the situation there are two useful tools, very quick
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Finally you click \”Approve\” button and the invoice is processed, it is booked in the system.
You need to entered the invoice total value, you should be looking at at the picture of this invoice at this moment
How to process purchase invoices in Xero? – Lesson 7 Read More »
You can link online payment methods, like PayPal or Stripe, with your Xero account. Then the payment link will be attached to the sales invoice and your customers will be able to pay instantly online. This significantly increases your chances of getting paid on time.
How to raise customer invoices in Xero? – Lesson 8 Read More »
We are nearly there! Just 3 lessons left to do and our FREE course \”Introduction to XERO and Benefits for eCommerce\” will be finished. I am sure you can\’t wait to dive in! Lesson 9 – How to issue customer quotes in Xero? If you want to issue a quote to the customer before you send an
How to issue customer quotes in Xero? – Lesson 9 Read More »
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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