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Big Bookkeep update for Shopify merchants! Bookkeep now automates the capture of fulfilled refunds within Shopify's fulfillment revenue recognition journal entry. This enhancement simplifies the process of recognizing both revenue and returns once fulfillment is complete, eliminating the need for manual entries for those returns. This feature is particularly beneficial for enterprise customers that require revenue recognition upon fulfillment. Bookkeep customers can learn more below. https://bit.ly/4h8fkpZ If you're using Shopify, Bookkeep is your #1 resource for best-in-class #accounting with seamless integrations across Intuit QuickBooks, Xero, Zoho Books, Sage Intacct, Inc.and NetSuite https://bit.ly/4f6ryxN #CFOTech #shopify #ecommerceaccounting #accountingautomation #quickbooks #xero #sageintacct #netsuite

You're not alone in feeling overwhelmed by e-commerce accounting—90% of online business owners struggle with it too. Here's the solution. If you're selling products online, you might be thinking bookkeeping is just tracking sales and expenses. But there's a digital twist that catches many off guard. E-commerce accounting involves juggling data from multiple channels, marketplaces, and payment gateways. It's a constant flow of information that needs real-time tracking and analysis. The key takeaway? Automation is your best friend in e-commerce accounting. By automating your accounting processes, you can: → Track transactions daily across all platforms → Reconcile books monthly without headaches → Generate accurate financial statements effortlessly → Handle taxes from various marketplaces with ease Remember, one small accounting error can snowball into major issues. But with the right automated systems in place, you'll streamline your finances, reduce errors, and set your e-commerce business up for sustainable growth. #EcommerceAccounting #FinancialAutomation #OnlineBusinessTips #JamieBykovBrett #BykovBrettEnterprises

I've added media to my service page. Check out my service page to see examples of my work and to learn more about my services. Running an e-commerce business can be overwhelming, especially when it comes to managing your finances. That's where I come in! I'm MD Hasan Suvo, a professional accountant and certified QuickBooks ProAdvisor, as well as a Xero Certified Advisor, with over five years of experience in accounting. I specialize in e-commerce bookkeeping for platforms like Amazon, Shopify, eBay, and more, using QuickBooks and Xero to keep your finances on track. What I Offer: E-commerce Bookkeeping Expertise: I'll handle all aspects of your bookkeeping for platforms like Amazon, Shopify, and eBay, ensuring every transaction is accurately recorded. Invoice Input & Synchronization: I'll input your invoices and synchronize your e-commerce platforms with QuickBooks or Xero for seamless management. Comprehensive Reconciliation: I'll reconcile your e-commerce transactions and bank statements to ensure accuracy and catch any discrepancies. Bank Transaction Management: From categorizing to reconciling bank transactions, I've got you covered, etc. Let's streamline your e-commerce bookkeeping and take the stress out of managing your finances. Order now. #Quickbooks #xero #Bank_Reconcilliation #E_Commerce_Bookkeeping #OpenForBusiness #Financial_Reports #Cloud_Accounting

Chartered Accountant (Partly Qualified) | Expert Ecommerce Bookkeeper | Certified QuickBooks Online ProAdvisor Do you have an E-commerce store on Amazon, Shopify, Etsy? I specialize in E-Commerce Accounting and Bookkeeping as a certified QuickBooks Online ProAdvisor and Xero Advisor with over 8 years of experience. I offer streamlined Bookkeeping solutions for Amazon, Shopify, Square, eBay, Etsy, and Walmart in QuickBooks, XERO, and Wave. Ecommerce bookkeeping is distinct from traditional bookkeeping due to several key factors: Volume of Transactions: eCommerce businesses typically deal with a higher volume of transactions compared to brick-and-mortar stores, necessitating more sophisticated bookkeeping solutions. Payment Processing:  eCommerce involves multiple payment methods (credit cards, PayPal, etc.), requiring careful tracking of fees and reconciliations with payment processors. Sales Tax: eCommerce businesses must navigate complex sales tax regulations that vary by state or country, making diligent bookkeeping essential for compliance. Returns and Refunds: Managing returns and refunds is more common in eCommerce, and accurate bookkeeping helps track these transactions and their impact on profitability. Integration with Technology: eCommerce bookkeeping often integrates with various platforms (e.g., shopping carts, accounting software), requiring a tech-savvy approach to keep everything synchronized. Global Sales: Many eCommerce businesses sell internationally, which complicates bookkeeping with foreign currencies and international tax laws. In summary, eCommerce bookkeeping is vital for maintaining financial health and ensuring compliance, while its complexity often differs significantly from traditional retail bookkeeping. #Fiverr https://lnkd.in/grdg3QNW #Bookkeeping #Accounting #QBO #IntuitQuickBooks #BankReconciliation #QuickBooks #QuickBooksOnline #Xero #Etsy #ecommerce #Ecommercesales #AmazonBookkeeping #SalesTax #InventoryManagemant #SalesReport #AccountReconciliation #QuickBooksBookkeeping #XeroBookkeeping #ExpertEcommerceBookkeeper #A2xExpert #Payroll #EcommerceBookkeeping #BalanceSheet #BookkeepingAssistance #QuickBooksCleanup #Cleanup #Catchup #Amazon #eBay #Etsy #Shopify #AccountsPayable #AccountsReceivable #USABookkeeping #WaveAccounting #ZohoBooks #CashFlow

📈 E-commerce Accounting: Essential for Success! In the ever-evolving world of e-commerce, effective accounting is a game-changer. From multi-platform sales to sales tax compliance, e-commerce accounting is essential to maintaining financial health and maximizing profitability. Here’s a quick breakdown of what you need to know to succeed: Key Aspects of E-commerce Accounting Revenue Recognition: Accurate sales tracking across platforms. Inventory Management: Monitoring COGS and stock levels. Sales Tax Compliance: Staying compliant in various regions. Multi-Channel Reconciliation: Consolidating data from platforms like Amazon, Shopify, and eBay. Shipping & Fulfillment Costs: Analyzing delivery costs to optimize profitability. Foreign Exchange: Managing multi-currency transactions and conversions. Benefits of E-commerce Accounting Better Financial Visibility: Clear insights into revenue, costs, and cash flow. Improved Decision Making: Data-driven choices on pricing, inventory, and marketing. Tax Compliance: Avoid penalties by adhering to regional sales tax laws. Optimized Cash Flow: Informed financial planning supports growth and stability. Tools to Simplify E-commerce Accounting QuickBooks Online & Xero: Integrates with major platforms for seamless revenue tracking. A2X: Automates data import from Amazon and Shopify. TaxJar & Avalara: Automate tax calculations across states or countries. Want to level up your e-commerce accounting? Start with the right tools, automate tasks, and monitor key metrics regularly to drive your business forward! #EcommerceAccounting #MuhammadSohailCA #FractionalCFO #CA #AccountingOutsourcing #FinanceForEcommerce

Do you need accounting software for your e-commerce business? 👉 https://rb.gy/1bzig 👉 https://rb.gy/8g73px 👉 rb.gy/qghyh1 If you're running a small business with a lower transaction volume, it’s possible to manage your bookkeeping using a spreadsheet. However, manual updates can be time-consuming and prone to human error. 📊 To make things easier, we highly recommend using accounting software for your Amazon store, Shopify, or eBay. It automates your accounting tasks, allowing you to generate key reports like Profit and Loss statements, balance sheets, and cash flow reports with just a few clicks. 📈💼 Which accounting software is best for your e-commerce business? The right choice depends on your unique needs. Many small business owners prefer using platforms like QuickBooks Online, Xero, Sage, or Wave. Your decision should take into account your business size, location, and the specific features you're looking for. ⚙️ Experience peace of mind with our Comprehensive bookkeeping service. Our expert team provides end-to-end financial solutions tailored to your business needs. We are looking forward to working with you! 😊 To better understand your needs, could you let me know: What’s the volume of transactions for your Amazon or Shopify store? Do you currently use any accounting software or tools? Are you looking for any specific features, like inventory tracking or multi-channel sales reporting? #amazon #xero #acccounting #bookkeepingservices #cashflow #wave #ecommerceservices #ecommercebusiness #BusinessOwnerInsights #FinancialTransparency #StrategicReconciliation #Amazon #Shopify #Bookkeeping #Bookkeeper #Marketing #Wave #Xeroaccounting #Freshbook #Cloudaccounting #Ecommerce #Ecommercebusiness #smallbusiness #mediumbusiness #restaurantbusiness #construction #fiverrseller #fiverr #fiverrfreelancer #upworkfreelancer #upwork #inventory #marketing #businessowner #cashfolw

Very interesting solutions delivered (and problem statement) amidst major capital raise for e-commerce #accounting platform Finaloop. Via SiliconANGLE & theCUBE and Mike Wheatley in the comments: ▶ CEO Lioran Pinchevski: "But selling online is a complex business, and though there’s a glut of platforms such as Shopify that enable anyone to create an online store with ease, other aspects have been left behind. Notably, the accounting process for online retailers has been neglected, with most smaller businesses and individual sellers using tools such as Quickbooks, Xero and NetSuite. The problem is that these accounting tools are old, having been launched more than two decades ago, said Finaloop founder and Chief Executive Lioran Pinchevski. “The entire e-commerce industry is built on an advanced technological stack with players like Shopify, Amazon, Gusto, Stripe and others, but the accounting and bookkeeping solutions used by these companies were light-years behind every other tool in their arsenal,” he explained." This makes complete sense to me and the number of competitors coming after QBO and Xero is off the charts right now. What do you think? Do your clients work with lots of e-commerce platforms?

How does a2x help your e-commerce business? 👉https://rb.gy/1bzig 👉 https://rb.gy/71fc52 👉https://rb.gy/8g73px A2X is an e-commerce accounting app that helps businesses, accountants, and bookkeepers automatically reconcile payouts from their sales channels in accounting software like QuickBooks Online, Xero, or Sage. Here are the key ways A2X can help: 1. Automated reconciliation: 🚚 A2X connects to your e-commerce sales channels and accounting software to automatically reconcile transactions. It categorizes sales, fees, taxes, and refunds, and organizes them into summarized journal entries or invoices that perfectly match the deposits in your bank account. 2. Accurate accrual accounting: 📦 A2X ensures your financial accounts properly record transactions in the correct accounting period by splitting the payout data according to when the sales or fees actually occurred. 3. Flexible mapping: 📊 A2X allows you to map different transaction types to the appropriate accounts in your accounting software, with options for both assisted and custom setups. 4. E-commerce accounting expertise: 💼 A2X has a support team with deep expertise in e-commerce accounting who can provide guidance and assistance. 5. Secure and compliant: 💰 A2X maintains high-security standards, is GDPR and CCPA compliant, and stores data encrypted in the Google Cloud Platform. 6. Customizable: 📊 A2X allows you to customize account codes, tax rules, transaction categories, and more to fit your needs. 7. Historical data fetching: 💼 A2X can fetch historical data to help you get caught up on your bookkeeping if you've fallen behind. Overall, A2X automates the tedious work of reconciling e-commerce payouts, saving businesses, accountants, and bookkeepers significant time, and ensuring accurate financial records. Our expert team is always here to assist you. If you are having any issues with your e-commerce business. #Amazon #Shopify #Bookkeeping #Bookkeeper #Marketing #Wave #ccounting #xero #Freshbook #Cloudaccounting #Ecommerce #ecommercebusiness #smallbusiness #mediumbusiness #restaurantbusiness #healthcare #construction #fiverrseller #fiverr #fiverrfreelancer #upworkfreelancer #upwork #inventory #linkedin #linkedinmember #cashflow #Assets

🚀 Expert Bookkeeping for E-Commerce Businesses Are you a Shopify or Amazon seller looking to streamline your finances? Managing financials in the fast-paced e-commerce world can be challenging, but I’m here to help! With expertise in QuickBooks Online and Xero, I specialize in providing tailored bookkeeping solutions for e-commerce businesses, ensuring you: Accurately track sales, fees, and expenses from Shopify, Amazon, and payment gateways. Maintain up-to-date and organized records for tax compliance and audits. Gain actionable financial insights to grow your business. Automate reporting and integration with tools you already use. Whether you're scaling your business or just starting out, let’s ensure your financial systems are set up for success! 📩 Message me to learn more or schedule a consultation. #Ecommerce #Shopify #Amazon #Bookkeeping #QuickBooks #Xero #FinancialManagement #SmallBusiness