Processes Archives

How to calculate cost of sales

Your eCommerce business’s cost of sales, a.k.a. Cost of Goods Sold, is a critical metric to understand and monitor. Your cost of sales...

Jun 26, 2023 | Inventory

If you are selling on multiple channels or doing more than $1M in sales and you don't have inventory management software, you are running your...

As an ecommerce founder, you know that managing your finances is critical to the success of your business. However, with so many accounting...

Efficient inventory management is essential for 7-and 8- figure Shopify businesses to accelerate growth, stay competitive, and even get ahead...

May 25, 2023 | Ecommerce, Tax

Taxes are like an annual subscription that you pay to your country for living and doing business there. As an eCommerce business owner,...

New tax changes in the UK went into effect on April 1, 2023, that impacted the corporation tax rate. As a UK eCommerce business owner,...

With so many orders, payment gateways, and bank settlements to keep track of, it's no wonder that managing your finances can often be a...

May 1, 2023 | Ecommerce

As an eCommerce business owner, you know how challenging it can be to manage your finances when you sell across multiple platforms like...

Between filing sales tax, updating your chart of accounts, and calculating the cost of goods sold, it can be easier to celebrate new revenue...

Between inventory, payroll, and all of the marketing expenses, managing your finances can be a balancing act. You often need more money...