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The income statement, also known as the profit and loss statement or P&L statement, is a key financial statement for e-commerce businesses and their bottom line. In this article, we'll go through what's on the income statement as well as what numbers are specifically relevant to e-commerce.

The cash flow statement is often seen as the less straightforward financial statement for e-commerce businesses, especially when compared to the balance sheet and the income statement. However, just like its counterparts, understanding the cash flow statement is absolutely essential to keeping your business afloat.

The balance sheet is one of the many financial statements that is useful for e-commerce business owners to understand. In this article, we'll go through what's on the balance sheet, how to analyse it and the ratios you'll want to track. Please not, this isn't intended to be financial advice. We recommend reaching out to an accounting professional for further guidance.

If you're using Shopify Payments as your main payment gateway and you're looking to understand how to manage your accounting and bookkeeping, this article is for you. We'll go through what Shopify Payments is, how to make sure you've set it up correctly, the fees involved and how to properly manage your books when using it.

Though gift cards, otherwise known as gift vouchers or gift certificates, are a key cash generator for many e-commerce businesses, not everyone is doing the bookkeeping for gift cards correctly. To ensure you're making the most of the benefits, you'll want to be aware of how to properly account for them.

Inventory management for e-commerce businesses can be hard enough on its own and trying to figure out how to make sure numbers are correct in your accounting system can be even harder. In this article, we've teamed up with Unleashed Software, an inventory management software, to break these processes down and make them easier to manage.