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Top 5 Shopify KPIs to track to get ahead of competitors
In this article, we’ve teamed up with Syft to share the 5 most important KPIs to track as a Shopify business.
E-commerce accounting: Payment reconciliation best practices
For e-commerce businesses, payment reconciliation is essential in ensuring there are no discrepancies in your accounting. Although e-commerce payment reconciliations can be both tedious and time consuming, especially for businesses with high volumes of transactions, we'll provide an overview of best practices to simplify and streamline payment reconciliation.
Shopify sales taxes: Everything to know on tax settings, international regulations and accounting
As an e-commerce business owner on a platform like Shopify, one of the most important considerations to make is sales tax. Knowing where to start when it comes to learning, understanding, and applying sales tax to your store item can be a tedious task. That’s why in this article, we’ll give you an overview of the different types of sales tax you’ll encounter for your business whether you’re selling in Australia, the US, Canada, the EU or all of the above. We’ll also take you through how to change your Shopify tax settings to make sure sales tax is applied correctly to your products.
5 accounting and finance apps you need for your WooCommerce store
We know running a WooCommerce business can get complex, especially in accounting and finance. The platform integrates with hundreds of plugins to help businesses with both their accounting and finance processes. Don’t know where to start? In this article, we’ll be taking you through 5 types of plugins, extensions and apps to help you in your WooCommerce accounting and financial practices.
E-commerce accounting: Working capital ratio and how to improve it
Working capital and the working capital ratio are some of the lesser known metrics for e-commerce businesses. You've likely heard of e-commerce KPIs like inventory turnover and average customer order. But what is working capital? And how can you make sure you can optimize it for success?
How to account for WooCommerce sales taxes: Accounting guide
Whether you're a newcomer or a seasoned entrepreneur, managing international sales taxes and adhering to legal requirements can be a challenge for any WooCommerce business. By gaining a comprehensive understanding of these tax obligations, you can ensure your accounting is accurate and compliant.
WooCommerce accounting: Complete guide to software, integrations, taxes and more
Managing the accounting for a WooCommerce store can be a daunting task, but with the right tools and knowledge, it doesn't have to be. In this article, we’ll go through how to choose an accounting software and how to integrate it with your WooCommerce store for automated data entry. After that, we’ll go through interpreting financial statements, preparing for tax time, special considerations for dropshipping, and when and how to hire an accounting professional.
E-commerce accounting: How to set financial goals in 2024
As the end of the year rolls around, it’s time for e-commerce business owners to start planning their financial goals for 2024. Whether you’re working with an accounting professional or you’re figuring it out on your own, it’s important to create realistic goals that you can measure your performance against in the coming year.
Shopify accounting: Complete guide to software, automation, taxes and more
Managing the accounting for a Shopify store isn’t the easiest task but there is a lot of software and automation that you can use to simplify things. In this article, we’ll go through everything you need to know about building an ecosystem of connected apps, tracking your finances, preparing for taxes, dropshipping and accepting payments.
How to integrate your e-commerce store with MYOB
As an e-commerce business owner, being able to automate manual processes involved with bookkeeping and accounting by using an integration is absolutely essential. That way, you can use your time where it matters most while having the peace of mind that you can make business decisions based on up-to-date, timely financial information.