For an ecommerce business, knowing how much money is in the bank is not the same as knowing how profitable the business is. This becomes particularly important when a business buys stock in advance, holds products in warehouses or Amazon…
Amazon can make selling products online remarkably efficient. A customer places an order, Amazon processes the transaction, the product is picked and dispatched, and eventually a settlement is transferred to the seller’s bank account. But from an accounting perspective, the…
Running an ecommerce business can look simple from the outside. A customer places an order, the marketplace collects the money, the product is shipped and a payment eventually reaches your bank account. But from an accounting perspective, that bank payment…