Gas Mileage: 2024 Rates and Accounting Best Practices

  Do you frequently travel to potential customers, to suppliers, or even to a warehouse? If so, are you currently reimbursing yourself for mileage? Although a majority of ecommerce operations are online, there are still reimbursable opportunities for travel to and from certain locations. Reimbursing yourself for these expenses not only helps lower your business’s…

Top 5 Ecommerce Accounting Tips

Managing an ecommerce business goes beyond just selling products. In fact, the bookkeeping and accounting of your business will be a determining factor in the success of your organization. How could your business grow when you know which products are performing the best? What about the flexibility you have when you are able to increase…

Understanding Accountants and How to Choose One

  Unless you have a background in accounting, it’s always best to have an expert oversee your financials and accounting system. After all, you already most likely have an endless to-do list, from reordering inventory and managing employees to finding new growth strategies and products to sell.  Accounting might be at the tail-end of your…

10 Tax Tips to Maximize Your Tax Refund

Are you trying to save money on your next tax bill? With year-end quickly approaching, now is the time to revisit your tax situation. Maybe your Shopify storefront was more profitable this year or you finally decided to open your Amazon FBA business. Even if you haven’t ventured into the ecommerce realm, you should still…

An Intro to Ecommerce Accounting

When you start an ecommerce business, you are probably thinking of which products you want to sell, who your target market is, and how profitable your operations will be. The details of your Shopify or Amazon accounting might not have crossed your mind. This can result in inaccurate and outdated information that you might be…

Shopify VAT: What You Need to Know

Business owners are no longer limited to state borders when it comes to selling goods. In fact, global ecommerce is at the forefront of innovation, allowing Shopify sellers to make sales anywhere in the world. However, being a global seller does come with more regulations, especially if you sell in the European Union and the…