A successful eCommerce business is the culmination of several moving pieces, from a working Shopify website and well-stocked warehouse to...
Ecommerce Accounting 101
How to get out of a cash crunch and increase working capital
In our experience, many eCommerce business owners place too much emphasis on revenue and not enough focus on cash flow.This leads to cash...
AOV vs. LTV: Which matters more for eCommerce businesses?
If you are like most eCommerce entrepreneurs we talk with, you know that measuring average order value and customer lifetime value in your...
16 Ecommerce Financial and Operational Benchmarks: How Does Your Business Stack Up?
As an eCommerce entrepreneur, you are juggling a ton of responsibilities from sales and marketing to customer service and supply chain...
A glossary of all the key eCommerce financial metrics
As you run your eCommerce business, you’ll hear a bunch of financial metrics thrown around. But do you really know what contribution margins...
How to hire and vet an ecommerce accountant
If you are like most eCommerce business owners, you don’t know what you don’t know when it comes to finding and vetting a new eCommerce...
What Is a Chart of Accounts, and why it is important for eCommerce businesses?
A Chart of Accounts is a list of all the Profit & Loss and Balance Sheet accounts This is a standard accounting system feature when you are...
What is e-invoicing?
E-invoicing streamlines the process of sending and syncing invoices in Xero from buyers and suppliers. This allows eCommerce businesses to...
How to Accept Cryptocurrency Payments on Your eCommerce Website
Did you know there are over 5,000 cryptocurrencies? As cryptocurrencies, like Bitcoin and Ethereum, expand from a subculture of Internet...
What’s the difference between gross profit, net profit, and gross margin anyway?
Revenue is vanity. Cash flow is sanity. If you want to run a sustainable eCommerce business, then you need to pay attention to...