Key takeaways A chart of accounts is the master list of accounts every transaction posts to; an ecommerce one needs accounts a generic template

Key takeaways A2X is a connector that sits between your sales channels and your accounting software; it doesn’t replace QuickBooks or your bookkeeper, it

Key takeaways Multi-channel ecommerce accounting reconciles each sales channel to its own settlements, then rolls them into one chart of accounts so revenue and

Key takeaways Amazon seller bookkeeping means keeping books that split each settlement into product sales, the fee stack, and refunds, so revenue and margin

Key takeaways Shopify accounting means keeping books that split each payout into gross sales, fees, and refunds, so revenue and margin read correctly.Shopify Payments

Key takeaways Ecommerce bookkeeping is the routine of recording, categorizing, and reconciling every transaction across your sales channels, processors, and inventory so your financial

Key takeaways Sales tax nexus is the connection between your business and a state that obligates you to collect and remit that state’s sales

Key takeaways QuickBooks Online and Xero are both strong ecommerce ledgers; for most sellers, the choice comes down to three things: where you sell,

Key takeaways An accrued liability is a cost you’ve already incurred but haven’t been billed or paid for yet, and it sits in current

Key takeaways Cash accounting records revenue and expenses when money moves; accrual records revenue when you earn it and costs when you incur them.

Key takeaways An inventory costing method is the rule that assigns cost to the units you sold (COGS) versus the units still on hand

Key takeaways The journal entry to record cost of goods sold is a debit to Cost of Goods Sold and a credit to Inventory