Tips and Tricks for e-commerce business
Cheapest inventory accounting
Accounting software with inventory tracking for $5 /mo
Vast majority of e-commerce businesses purchase products on a weekly or monthly basis and sell them every day. Most of such businesses can reap great benefits from adopting inventory tracking.
In this post, we will cover the three most popular modern small business accounting packages and the most cost-effective way to implement inventory tracking in your company.
Be smart - get more profit
Identify products that produce the best results
Do you know, 80 percent of an you sales profits come from only 20 percent of its product sold? It's the 80/20 principle, also known by its less well-known moniker, the “Pareto Principle.”
If applied properly, is an extremely useful tool for focusing resources on products that produce the best results.
Get tips and tricks from our team of in-house CPA, QuickBooks ProAdvisors and NetSuite consultants - professionals who understand the e-commerce sellers needs.
QuickBooks Online vs QuickBooks Desktop by Intuit
QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions.
Accounting for inventory: COGS components (IRS Guidance)
Step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. The main components of COGS are direct and indirect expenses.