With many stores still closed and everybody spending more time online, it’s no surprise that there has been an explosion in demand for online shopping. Going online is a great opportunity for small businesses to expand their offering and grow their customer base (including their international reach), but setting up a successful ecommerce platform comes with its own challenges.
It’s essential to have your financial house in order before you start expanding into new areas, and it’s vital to implement best practices from the beginning of your ecommerce journey to avoid headaches down the line. Fortunately, accountants can offer expert guidance through the world of digital sales.
Breaking down reports
If you don’t know your numbers, you’re flying blind – but Amazon, Etsy, eBay, and other online sales platforms all use vastly different reporting methods. If you’re using multiple platforms, this can quickly become tricky to manage. Fortunately, accountants can