Browse Author: Kaci Carson articles!

There's no doubt that all industries have been evolving in response to technology and accounting isn't an exception. In this article, we interview Sidney Cachuela, COO and co-founder of POP Business. The accounting firm has won the Accountants Daily "30 Under 30" Award and has gone from 100 to 800 clients in the past year.

One of the accounting hurdles that e-commerce businesses face is international sales taxes. Fortunately, if you're using an e-commerce platform like Shopify, the right amount of sales tax is usually already collected for you. However, it's still useful to understand how rules and exemptions apply to you. Otherwise, you could end up upsetting customers or overpaying taxes.

Finding an accountant who actually understands the ins and outs of the e-commerce industry can be difficult. How can you figure out who to trust? What knowledge should they have? We completely understand the struggles which is why we've put together this article to help you. Let's go through how to do your due diligence when hiring an accountant.

Most Shopify owners won't be an accounting whizz at the start, making it hard to understand how to reconcile payments. Fortunately, we'll take you through how to make it as quick and easy as possible. Today, we're using Shopify and Xero to demonstrate the process. However, the main principles are applicable for most businesses and cloud accounting solutions.

Recently, we've interviewed a range of firms including RSM, Illumin8 and Ecommerce Accountants, asking them about the rise of the Accounting Technologist role. The role encompasses those at the intersection of accounting and technology, driving innovation in the accounting industry.

There are now a range of apps you can use to automate your dropshipping business, including the accounting side of things. If you're doing the accounting for a dropshipping business, you can automate the majority of your data entry and bank reconciliation through software, meaning managing your books becomes much easier.

Order and pay systems saw huge growth during the pandemic in a wide variety of venues across the globe. For example, the mandatory table ordering rules in 2020 meant that the UK saw a surge in the number of pubs adopting order and pay systems. Other venues adopting order and pay systems include restaurants, cafes, hotels, and even theatres and cruise ships.

One of the biggest feats a multinational company can overcome is staying on top of industry change. RSM is the world's sixth largest professional services network, with over 30 offices, just in Australia. Despite their size, they've been able to keep up with the latest innovations in accounting technology and digital ecosystems.

Whether you're managing the books for your own e-commerce business or an e-commerce client, there are a few accounting mistakes you should try to avoid. Especially with the e-commerce industry booming, it's easy to get caught up in a million and one different tasks, ultimately forgetting about keeping your books updated.

One of the many things you'll need to set up when starting your e-commerce business is a chart of accounts. Doing it right from the beginning is essential to making sure your accounting processes run smoothly and your books are organised. You'll be able to get a better understanding of your financial position and make scaling your business easier.

Whether you're a junior accounting looking to land one of your first roles or an experienced accountant looking to get ahead in your career, staying on top of high-demand accounting skills will make you significantly more competitive. Today, the modern accountant is expected to to demonstrate a wide variety of skills beyond that of a traditional accountant.

In the past decade, the accounting profession has undergone a major transformation. Accountants have always been the backbone of businesses, however, the way they're fulfilling that role has changed. From stacks of papers to spreadsheets, and now, cloud-based accounting, technology has become a must in the industry

As technology grows and develops, there are more and more small business accounting trends to keep up with. As an accountant, it's important to understand how to take advantage of these changes so that you can provide the best services to clients. For small business owners, you'll want to look for a trusted accounting professional that can make the most of these innovations.

When I started running my own small businesses almost six years ago, I wanted to learn as much as I could from industry experts and those around me. Don't get me wrong, I've definitely learned plenty from all the people that have helped me along the way, something for which I'll be eternally grateful.

Earlier this month, Facebook started rolling out a new design for Facebook Pages, set to reach all Pages in the coming months. For small businesses, this means new ways to build your brand. The focus is now on building a community. Most noticeably, Facebook has said goodbye to the Like button, favouring followers as a better representation of a Page's reach.

Many aspects of successful selling on Shopify are closely linked to sales psychology and technology. There are a myriad of different principles and models from psychology that break down the factors that influence purchase decisions. By understanding what motivates people to buy, you can better adjust your strategy for acquiring and retaining customers.

Are you prepared for the new generation of customers who will change the way you do business?

Doing bookkeeping and accounting for Shopify can sound daunting or tedious. Fortunately, there are a range of easy steps you can implement now that will save you hundreds of hours and dozens of headaches in the long run. These methods are used by the top Shopify businesses to speed up their processes.