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E-commerce accounting: The cash flow statement and why it’s important

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.

Laura Tien August 16, 2021

E-commerce accounting: How to read and analyse your balance sheet

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.

Laura Tien July 29, 2021

Shopify accounting: Recording Shopify Payments, fees and reconciliation

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.

Laura Tien July 22, 2021

E-commerce accounting: How to record gift card sales and redemptions

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.

Laura Tien July 20, 2021

E-commerce accounting: How to integrate your inventory and accounting system

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.

Laura Tien July 14, 2021

E-commerce accounting: The impact common issues have on cash flow

This article is brought to you by Brixx, a standalone and add-on cash flow forecasting tool.

Amaka Team July 07, 2021

E-commerce accounting: Top 5 KPIs you need to measure

Key performance indicators or KPIs are the data points that you want to regularly track and use to measure success in your e-commerce business. When you look up important KPIs to measure, you'll find lists of 30+ or even 60+ to consider. However, for most e-commerce businesses, especially in earlier stages, you only need to track a few for success.

Laura Tien July 01, 2021

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

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