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.

E-commerce accounting: Cash flow forecasting 101

Cash flow forecasting helps you look into and prepare the future of your e-commerce business. However, the complexities that come with managing cash flow has led many business owners to ignore it. If you want to stay on top of making a profit and building a growth-focused brand, understanding cash flow is absolutely essential. We'll go through the basics in this article.

Amaka Team June 08, 2021

The rise of the Accounting Technologist: Practice Ignition on increasing tech adoption

In the past few months, we've interviewed a range of accounting firms (RSM, Illumin8, POP Business and Ecommerce Accountants) and even a coach for accounting firm owners (Future Firm), asking about the rise of the Accounting Technologist. The role defines a new wave of accountants that have a strong understanding of how accounting and technology intersect.

Laura Tien May 26, 2021

The rise of the Accounting Technologist: Award-winning POP Business on moving towards tech

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.

Laura Tien May 17, 2021

E-commerce accounting: Basics you need to know about international sales taxes

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.

Laura Tien May 11, 2021

How to find an accountant specialising in e-commerce: 7 questions to ask

Finding an accountant for your e-commerce business who actually understands the ins and outs of the 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.

Laura Tien April 12, 2021

Shopify accounting: How to reconcile Shopify payments in Xero

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.

Laura Tien March 25, 2021

The rise of the Accounting Technologist: Future Firm on the three steps to scaling

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.

Laura Tien March 16, 2021

E-commerce accounting: How to manage your books for dropshipping

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.

Laura Tien March 11, 2021

The rise of the Accounting Technologist: RSM’s digital disruption

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.

Laura Tien March 02, 2021

What features to look out for when choosing an order and pay system

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.

Laura Tien March 02, 2021