Learn Ecommerce Accounting | How it differs from other accounting

Learn how ecommerce accounting differs from other accounting in important ways that small business owners and bookkeepers need to understand. We see too many small ecommerce businesses make vital mistakes in their accounting, which leads to poor business decisions.

This video covers the main differences with ecommerce accounting so you can identify where you are likely making mistakes:

1. Where to find financial data for ecommerce businesses
2. Cost of goods sold (COGS) and inventory accounting
3. Sales tax compliance
4. Foreign transaction fees

Whether you are an Amazon seller, have a Shopify store, or sell on multiple channels, getting your accounting right is key to the success of your business. You will have an in-depth knowledge of your financials and business activities.

We truly believe in empowering ecommerce businesses to build their business with better numbers.

To offload your ecommerce accounting, contact the gurus: https://ledgergurus.com/ecommerce-accountant/ecommerce-accounting-contact/

"Five Signs of Bookkeeping Trouble with an Ecommerce Business" - https://ledgergurus.com/resources/downloads-2/five-signs-of-bookkeeping-trouble-with-ecommerce-accounting/

"Recording Amazon Sales in QBO" - https://youtu.be/VjPD951tYtg

"A2X Accounting Software - The Why's and How's" - https://youtu.be/NEVrsDhHSJI

"Cost of Goods Sold - A Key Number for Ecommerce Businesses" - https://ledgergurus.com/blog/cost-of-goods-sold-key-for-ecommerce/

"Amazon Inventory and COGS" - https://youtu.be/cvS5fPHUVJg

"Calculating Ecommerce COGS and Inventory" - https://youtu.be/F-v_O1BSu0I

"10 Steps to Ensure Sales Tax Doesn't Burn Down Your Ecommerce Business" - https://ledgergurus.com/resources/downloads-2/10-steps-to-ensure-sales-tax-doesnt-burn-down-your-ecommerce-business/

"Ecommerce Sales Tax - When to Collect" - https://youtu.be/_WHEq2T530I

"Finding and Understanding Your Amazon Sales Tax Report" - https://youtu.be/n7xfob7ICPE

Veem Payments review - https://youtu.be/jnX4rIgKOE8

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