The Amaka Blog

Dive into Amaka's product updates, company news, and educational content on how business owners and accounting professionals can leverage accounting automation.

How to determine net income from a balance sheet: Formula and examples

Calculating your net income based on the numbers in your balance sheet or from your income statement will allow you to accurately assess business performance. In this article, we’ll take a look at why net income is important, how the net income formula works and how it relates to other financial metrics. Then, we’ll discuss how to avoid common mistakes as well as how to improve your net income.

Laura Tien October 29, 2024

Online payment security: What businesses need to know

In this article, we’ve teamed up with Onilab to share everything you need to know about online payment security as an online business.

Laura Tien October 11, 2024

Payment methods every Shopify seller needs to offer: PayPal, Afterpay, Klarna, Adyen, and more

The best payment methods for Shopify sellers to offer customers will vary depending on your unique business. However, there are different categories that you would benefit from considering. In this article, we’ll go through exactly what a payment gateway is, why offering multiple choices is crucial, and how to choose the right ones for your e-commerce store.

Laura Tien September 09, 2024

How to prepare for Black Friday and Cyber Monday (BFCM): Guide for businesses

To get ready for Black Friday and Cyber Monday (BFCM) in 2024, there are a few areas that businesses need to look into. Whether you’re a brick-and-mortar retail business or an e-commerce business, you’ll benefit from planning ahead. This can help with increasing sales, streamlining processes for your team and retaining customers post-BFCM.

Laura Tien August 30, 2024

Shopify GST: How to set up taxes, Shopify fees and more for Australia

Shopify businesses in Australia will have heard of the goods and services tax, otherwise known as GST. Despite it being a flat fee, it’s not always as simple as it sounds. In this comprehensive guide, we’ll go through everything you need to know about GST for Shopify sellers.

Laura Tien August 16, 2024

How and when to add a credit note against a paid invoice

A credit note, also known as a credit memo, is commonly used in accounting against paid invoices to handle errors, changes and other issues. In this article, we’ll go into more depth about what a credit note is, situations where you would issue one, what to include, and how to use credit notes in Xero and QuickBooks Online.

Laura Tien July 30, 2024

Best WooCommerce + QuickBooks integration: Full comparison

Businesses looking to connect WooCommerce to QuickBooks Online can quickly find that there’s an overwhelming number of options available. In this article, we’ll go through the key features you should be looking for when choosing an accounting integration, compare popular solutions, and take you through the steps to start syncing your data.

Laura Tien July 22, 2024

How to sell subscriptions on Shopify: Best apps, accounting and tips

There are now a massive variety of ways you can sell subscriptions on Shopify as either your main business model or as a supplementary category. However, with subscriptions come unique challenges and considerations. If done right, subscriptions can guarantee your e-commerce business regular cash flow and customer loyalty.

Laura Tien June 27, 2024

The rise of smart returns: How automation can turn returns into a competitive advantage

In this article, we’ve teamed up with ReturnGO to share how you e-commerce businesses can make returns a competitive advantage rather than a loss.

Amaka Team June 13, 2024

Best Shopify + Xero integration: Full comparison

A Shopify to Xero integration can save e-commerce businesses hours of manual accounting work and reduce the number of errors. However, finding the best one for your business can be difficult, especially with so many options to choose from. This guide will help you compare the benefits and considerations of the top solutions on the Xero App Store and Shopify App Store.

Laura Tien May 28, 2024