Key takeaways A write-down and a write-off are two sizes of the same move. A write-down cuts inventory’s value to what it’s now worth;

Your accounts payable balance has crept up, some of it’s past due, and a key supplier just asked when they’ll be paid. The answer

Key takeaways Recording ecommerce sales means posting one summarized entry that captures gross sales, discounts, refunds, shipping, sales tax collected, and platform fees, and

Key takeaways The QuickBooks integrations that matter for ecommerce cover four jobs: getting sales and payouts into the books, tracking inventory and COGS, handling

Key takeaways For a new ecommerce business, QuickBooks Online is the practical choice; QuickBooks Desktop is a local program that Intuit is winding down.

Key takeaways A capital expenditure (CapEx) buys or improves a long-lived asset you’ll use for more than a year; it goes on your balance

Key takeaways Cost of goods sold (COGS) goes on your income statement, where it’s subtracted from revenue to give gross profit. COGS is not

Key takeaways For a business that sells physical products, cost of sales and cost of goods sold (COGS) are the same thing: two names

Key takeaways Cost of goods sold (COGS) is an expense, and it lives on your income statement. The inventory that COGS comes from is

Key takeaways The month-end close is the repeatable process of finalizing one month’s books so the numbers are complete, reconciled, and locked, and for

Key takeaways Deferred revenue is cash a customer has paid you for a product you still owe, so it sits on your balance sheet

Key takeaways Revenue recognition is the rule for when a sale counts as revenue in your books, and for most ecommerce orders that moment