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.
A Square to QuickBooks Online accounting integration has the ability to sync data to provide you with up-to-date financial information. Choosing the right option that compliments your business is invaluable in the process of streamlining your accounting and finance tasks.
As a business owner utilizing Shopify, workflow automation has many benefits. By automating certain practices you’re able to gain better financial insights through reporting, have more control over your inventory, and take advantage of automation for marketing and customer service. Through leveraging the right tools, you’re able to create opportunities for further efficiency.
Squarespace AI is new technology that changes the game for all Squarespace store owners. In recent years, artificial intelligence (AI) has become increasingly popular for business applications. AI tools are shown to have a wide range of capabilities from automating repetitive tasks and providing data insights, to enhancing customer experiences.
Building a Shopify tech stack is one strategy you can implement to drastically improve your business operations. Through choosing the right additional apps and integrations, you’ll be able to optimize your Shopify store significantly. Having apps that enhance functionality, add advanced features, and integrate with other business apps and software saves you time and helps you manage many different aspects of your business. This article will explore key elements you need to build the definitive Shopify tech stack for your business.
Understanding when you receive your Shopify payouts from and any applicable fees is an important part of managing your e-commerce business finances. Shopify Payments handles payouts to all Shopify merchants. Shopify Payments provides a consistent process for sellers to receive earnings quickly and manage cash flow.
A general ledger is a critical component of business accounting. It is the main ledger that summarises all transactions and financial events for a company. The general ledger provides a comprehensive record of all debit and credit account balances, which are used to generate important financial statements. For small businesses, maintaining your general ledger is crucial for managing finances and having visibility into the health of your operations.
TikTok’s new e-commerce platform, TikTok Shop provides a wealth of opportunity for businesses especially for WooCommerce users. With TikTok’s increasing popularity over the years, gaining over 1 billion monthly active users, the expansion into e-commerce makes it easier than ever for businesses to connect with their customers in a new way. TikTok Shop allows brands to set up shoppable storefronts directly within the TikTok app, providing a new sales channel and exposure to TikTok's user base. By integrating WooCommerce with TikTok Shop, businesses can showcase products in engaging video content and enable seamless on-platform purchasing.
Cash on delivery, or COD, is a payment method that allows customers to pay in cash when their order is delivered. While not as common today as online payments, enabling COD in Shopify gives merchants added flexibility and caters to customers who prefer paying cash. Offering a cash on delivery option can attract buyers who may not have credit cards or don't wish to make an online payment before receiving an order.
Black Friday and Cyber Monday have become two of the biggest annual shopping events, with billions in sales up for grabs. However, the massive spikes in traffic and orders during these holidays can overwhelm unprepared retailers. Thorough planning and analysis is crucial to fully capitalize on these high-volume sales days. This is an opportunity where you as an accountant can provide invaluable guidance and direction.
Understanding and tracking your e-commerce financial statements is an important aspect in managing your business finances. In this article, we'll explain what each financial statement shows, how they relate to each other, and most importantly, how analyzing them properly can positively impact your business.