E-commerce accounting is a specialized form of accounting that focuses on the financial activities of internet enterprises. This type of accounting is important for businesses that sell goods or services online, as it can help them keep track of their income and expenses. E-commerce accounting includes collecting, analyzing, organizing, and reporting data related to business transactions and assets. The goal of e-commerce accounting is to provide entrepreneurs with the foundation they need to make informed decisions about their business.
Why you need an accountant for E-commerce
E-commerce accounting can be a complex process, but there are some key things that all businesses should know about it. Here are some of the most important things to keep in mind when it comes to e-commerce accounting:
E-commerce Businesses
1.Should track their sales and expenses carefully.
2.Need to use accounting software to manage their finances.
3.Have to stay up-to-date on tax laws and regulations.
4.Need to work with a qualified accountant or bookkeeper.
5.Should understand how accounting can help them grow their business.
E-commerce accounting methods
E-commerce businesses can use many accounting methods. The most common method is accrual-based accounting, which focuses on recording transactions when they occur, regardless of when the actual payment is made. Compared to cash-based accounting, which only counts transactions once they’re paid for, this method is more accurate.
Another popular accounting method for e-commerce businesses is double-entry bookkeeping. This method records transactions in two separate accounts—one for the income and one for the expenses. Double-entry bookkeeping can be more complex than accrual-based accounting, but it can provide a more detailed picture of a business’s financial activity.
What to keep in mind when looking for an E-Commerce accountant
E-commerce businesses should work with a qualified accountant or bookkeeper to ensure that their accounting practices are up to par. A good accountant can help businesses choose the right accounting method for their needs and make sure that their financial records are accurate and up-to-date.
The bottom line is that e-commerce accounting is important
Ecommerce businesses also need to be aware of tax laws and regulations. The two types of taxes that e-commerce businesses are generally responsible for include sales tax and value-added tax (VAT). Sales tax is a tax on the sale of goods and services, while VAT is a tax on the value of goods and services.
Ecommerce businesses need to keep accurate records of their income and expenses. Financial statements show the overall financial health of a business by utilizing records to prepare them. These records help plan for other strategic decisions, such as pricing and investment choices.
Why Is ecommerce accounting Important?
Ecommerce accounting is important because it provides entrepreneurs with insights into the financial health of their business. By understanding where their money is coming from and where it is going, entrepreneurs can make better decisions about how to grow their businesses.
Additionally, e-commerce accounting can help entrepreneurs identify opportunities and threats, as well as monitor their performance over time.
E-commerce accounting provides insights into your company’s performance and progress. Data on sales, payment processing costs, shipping charges, inventory levels, and website traffic are just a few of the metrics accountants can acquire through e-commerce accounting. The collected data helps people make decisions and come to logical conclusions. With this data, you can make smart decisions about the future of your company.
To wrap up
Ecommerce accounting is an important tool for all entrepreneurs. By understanding the financial aspects of their business, entrepreneurs can make informed decisions about how to grow their business. If you are an entrepreneur who is looking to take your business to the next level, consider hiring an e-commerce accountant to help you understand your numbers. If you need help we can provide a variety of services from bookkeeping to tax preparation. Our team would be happy to assist you further!
If you’re looking for affordable accounting and bookkeeping services, Startup Tandem is a great option. They offer pricing packages to fit any budget, and they’re known for being reliable and helpful when it comes to financial management. Request a consultation today and see how they can help your new business get off on the right foot!
Are you an e-commerce business owner who is looking for bookkeeping and accounting help? If so, you’re in luck! There are a number of bookkeeping and accounting systems designed specifically for e-commerce businesses. In this blog post, we’ll take a look at three of the best bookkeeping and accounting systems for e-commerce businesses. Hopefully, by the end of this post, you’ll have a better idea of which bookkeeping and accounting system is right for your e-commerce business.
The 7 best accounting software for ecommerce business
Choosing software is a big step – we know. Especially when it comes with a price tag.
But bookkeeping is vital for your e-commerce business. To help you decide on the right software for your business, we are going to present you with some of the best of breed options available on the market.
We’ve scoured the internet, trying out different software and narrowing it down to what we believe are the 7 best choices of accounting software for e-commerce businesses.
But before we get into our top picks, let’s first go over what bookkeeping and accounting actually entail for an e-commerce business.
What bookkeeping and accounting for e-commerce businesses entail
Bookkeeping is the process of recording all of your e-commerce business’s financial transactions. This includes things like sales, expenses, and payments.
On the other hand, accounting is the process of analyzing, interpreting, and reporting financial transactions. This is what allows you to make informed decisions about your e-commerce business’s finances.
Bookkeeping and accounting are both important for e-commerce businesses. Ecommerce bookkeeping ensures that all of your financial transactions are recorded, while accounting provides insights into those transactions. Together, bookkeeping and accounting give you a complete picture of your e-commerce business’s finances.
There are a number of reasons why bookkeeping and accounting are important for e-commerce businesses. First, bookkeeping and accounting can help you track your e-commerce business’s financial performance. You can use this information to make informed decisions about your e-commerce business’s finances. Additionally, bookkeeping and accounting can help you prepare for tax season. By keeping track of your e-commerce business’s financial transactions, you can be sure that you are taking advantage of all available tax deductions.
Additionally, bookkeeping and accounting can help you manage cash flow. This is important because it allows you to keep tabs on how much money is coming in and going out of your e-commerce business. This information can be used to make sure that your e-commerce business has enough cash on hand to meet its financial obligations.
Finally, bookkeeping and accounting can help you make informed decisions about your e-commerce business’s future. By analyzing past financial data, you can develop plans and strategies for your e-commerce business’s future. You will use this information to make decisions about things like inventory levels, marketing campaigns, and expansion plans.
Now that we’ve gone over what bookkeeping and accounting entail for e-commerce businesses, let’s take a look at our top picks for bookkeeping and accounting software.
Top Picks: Best accounting software for ecommerce business
– QuickBooks. QuickBooks is the leading accounting software for small- and medium-sized businesses. It’s designed to save you time and help you run your business more efficiently.
– Xero. Xero is a cloud-based accounting software that gives you real-time visibility into your e-commerce business’s finances. It’s easy to use and comes with a number of features, such as invoicing and inventory management.
– Wave Accounting. Wave Accounting is a free accounting software that’s designed for small businesses. It offers a number of features, such as invoicing, bookkeeping, and financial reporting.
– FreshBooks. FreshBooks is an accounting software that’s designed for small businesses and freelancers. It’s easy to use and comes with a number of features, such as time tracking and expense management.
– Zoho Books. Zoho Books is an accounting software that’s designed for small businesses. It offers a number of features, such as invoicing, bookkeeping, and financial reporting.
– Sage 50cloud Accounting. Sage 50cloud Accounting is an accounting software that’s designed for small businesses. It offers a number of features, such as invoicing, bookkeeping, and financial reporting.
–NetSuite. Netsuite is accounting software that’s designed for small businesses. It offers a number of features, such as bookkeeping, invoicing, and financial reporting.
These are just a few of the many accounting software for ecommerce business software options available on the market. When choosing best accounting software for your e-commerce business, be sure to consider your specific business needs. Hopefully, this list helps you narrow down your choices for bookkeeping and accounting software for your e-commerce business. For more information on bookkeeping and accounting, check out our other blog posts. And if you’re looking for help with your e-commerce business’s bookkeeping and accounting, contact us today.
Are you an e-commerce business owner who is feeling a bit overwhelmed by all the ecommerce accounting tasks you need to keep on top of? If so, don’t worry – you’re not alone! Keeping on top of your e-commerce accounting can be a daunting task. It’s important to make sure that your finances are in order. To help you get started, we’ve compiled a list of five important e-commerce accounting tasks that you should focus on.
1. Categorize all transactions for ecommerce accounting.
One of the most important things you can do for your e-commerce business is to ensure that all transactions are properly categorized. This will help you keep track of your spending and income, and will also be helpful come tax time. You can categorize transactions by type (e.g., advertising, inventory, shipping, etc.), or you can create a more detailed system if needed. The important thing is that you have a system in place so that you can easily track and manage your finances. To help you categorize, software such as accounting by Wave can be very helpful.
2. Maintain a business budget for ecommerce accounting.
Another important task for e-commerce businesses is to maintain a budget. This will help you track your spending and ensure that you are not overspending in any one area. When creating a budget, be sure to include all aspects of your business, such as advertising, inventory, shipping, and more. Once you have a budget in place, be sure to stick to it as much as possible so that you can keep your finances in order.
3. Stay up-to-date with taxes for ecommerce accounting.
Ecommerce businesses are required to pay taxes just like any other type of business. Therefore, it’s important to stay up-to-date with your tax obligations. This includes knowing what types of taxes you need to pay (e.g., federal, state, local), as well as when they are due. Additionally, be sure to keep track of any tax deductions or credits that you may be eligible for so that you can maximize your tax savings. To help you with this, software such as QuickBooks can automate a lot of the tedious ecommerce accounting tasks for you by tracking business expenses and mileage. Additionally, an accountant or tax professional can also help you with your more complicated tax needs.
4. Distinguish between returns and chargebacks.
If you sell products online, then it’s important to know the difference between returns and chargebacks. Returns typically occur when a customer is not happy with a product and wants to send it back for a refund. Chargebacks, on the other hand, occur when a customer disputes a transaction with their credit card company. As an e-commerce business owner, it’s important to know the difference between these two so that you can properly handle them when they occur.
5 . Practice accurate recordkeeping.
Finally, one of the most important things you can do for your e-commerce business is practice accurate recordkeeping. This means keeping track of all financial documents related to your business receipts, bank statements, etc for your ecommerce accounting. This may seem like a tedious task, but it’s important to have accurate records in case there is ever an issue with your finances. Additionally, accurate recordkeeping will help come tax time because you will have all the documentation you need in one place.
As an e-commerce business owner, it’s important to stay on top of your accounting tasks. This can seem like a daunting task, but it’s essential for keeping your finances in order. To help you get started, we’ve compiled a list of five important e-commerce accounting tasks that you should focus on:
categorizing all transactions,
maintaining a budget,
staying up-to-date with taxes,
distinguishing between returns and chargebacks,
and practicing accurate recordkeeping.
By focusing on these tasks, you’ll be well on your way to keeping your e-commerce business’ finances in tip-top shape!
Are you an e-commerce business owner who is looking for a bookkeeping or accounting solution? If so, you may be wondering if there is a specific accounting system for e-commerce companies.
The short answer is that there is no one-size-fits-all answer to this question. Depending on the size and complexity of your business, you may need a different bookkeeping or accounting solution than another e-commerce business owner.
However, there are some bookkeeping and accounting tips that can help make the process simpler and more efficient for e-commerce businesses. In this blog post, we will share some of our top bookkeeping and accounting tips for e-commerce businesses and answer some of the important questions that you have in mind.
What is e-commerce accounting?
Ecommerce accounting is the process of keeping track of and analyzing financial data from e-commerce transactions and assets. The data collected throughout these processes are critical building blocks for future business decisions.
There are a few different types of data that e-commerce accounting can cover, but the most important ones are financial transactions and customer data. Financial transactions include things like sales, refunds, taxes, and fees. Customer data includes things like customer names, addresses, contact information, and purchase history.
By preparing and analyzing monthly financial statements, accountants help businesses run smoothly on a day-to-day basis. The regular updates allow managers to make decisions with the most current information available, while also providing annual oversight of payroll and tax payments.
Do I need an accountant for my e-commerce business?
Taking your company online to an e-commerce platform is an excellent way to grow. To avoid any snags along the road, work with an accountant that understands e-commerce sales and international tax issues.
If you’re unsure if you need an accountant, the answer is probably yes. Owners who are less financially savvy are going to want someone experienced in this area to guide them, no matter what the accountant’s credentials may be.
While you can find many qualified accountants, it’s best to select one with experience in e-commerce. They’ll know the ins and outs of common issues that may come up, such as sales tax and international transactions.
What are the benefits of using an accountant for my e-commerce business?
There are several benefits of using an accountant for your e-commerce business, including:
– Help you save time and money by keeping track of your finances and ensuring that all financial deadlines are met.
– Provide valuable insights into your company’s financial health and performance.
– Help you make informed decisions about your business by providing advice on financial planning and strategy.
– Help you reduce your risk of financial fraud and identity theft by keeping your financial information safe and secure.
How do you manage e-commerce in accounting?
E-commerce managing is the process of handling and organizing the finances for your online store. This can include keeping track of inventory, sales, expenses, refunds, and taxes.
There are a few different ways to manage e-commerce in accounting, but there are core principles that you should keep in mind, no matter what method you choose.
– Determine the difference between returns and chargebacks.
– Record information accurately.
More in detail :
1. Categorize Every Transaction
The first step in accounting for eCommerce is categorizing each transaction. You need to know what kind of product each transaction is for and how it fits into your inventory. This will help you better understand your business finances and make more informed decisions about where to allocate your resources.
2. Keep a Business Budget
A budget is an essential tool for any business, but it’s especially important for eCommerce businesses. With a budget, you can track your income and expenses so that you always know where your business stands financially. This will help you make informed decisions about how to grow your business and avoid financial problems down the road.
3. Stay Current with Taxes
Taxes are a complex and ever-changing business area, so it’s important to stay up-to-date on the latest tax laws. This is especially true for eCommerce businesses, which may be subject to different taxes than traditional businesses. A qualified accountant can help you navigate the tax laws and ensure that you’re paying the correct amount of tax.
4. Determine the Difference Between Returns and Chargebacks
Returns and chargebacks are two types of transactions that can occur in eCommerce. It’s important to understand the difference between the two so that you can properly account for them. Returns are when a customer returns a product they purchased, while chargebacks are when a customer disputes a charge on their credit card.
5. Record Information Accurately
Accurate record-keeping is essential for any business, but it’s especially important for eCommerce businesses. This is because eCommerce businesses deal with a lot of data, including customer information, order details, and financial transactions. If this data is not accurately recorded, it can lead to financial problems down the road.
How do you record e-commerce sales?
If you want to record a sales invoice for sales made through an e-commerce platform, you will need to create or update a ledger for the e-commerce operator. The ledger will need to include the name of the e-commerce platform, the date of the sale, and the amount invoiced.
You can then create a sales invoice in your accounting software by including the information from the ledger. Be sure to include the e-commerce operator’s name, the date of the sale, and the amount.
When you record the sale in your accounting software, you will also need to include the name and contact information of the customer. This will help you keep track of your customers and ensure that you are able to reach them if there are any problems with their orders.
What are the best accounting practices to use for an online business?
To optimize your online store’s accounting:
– Connect it to powerful accounting software
– Check reconciliations regularly
– Stay on top of inventory and COGs (Cost of Goods Sold)
— Updated refund &chargeback procedures & track other expenses carefully.
Go with a cloud-based accounting solution for the ultimate in convenience & accessibility.
These practices will help you keep a closer eye on your business’s finances and ensure that you are making informed decisions about where to allocate your resources.
Why, you ask? So you can:
– Automatically update your records
– Send invoices & collect payments online
– View reports from anywhere, anytime
How does eCommerce affect accounting?
E-commerce technology likewise allows businesses to monitor customers’ selections by keeping track of their clicking habits. This data and technology can assist accountants in giving useful information that helps determine the true cost of items. Advertising expenditures may be directly linked with the goods sold. Complex, data-driven, and global. These are only a few words that describe how e-commerce affected accounting.
Technology has drastically changed the way we do business, and e-commerce is one of the most significant game-changers. Here are a few ways that eCommerce has affected accounting:
1. Increased complexity
The biggest change that eCommerce has brought to accounting is increased complexity. With businesses now operating on a global scale, there are more transactions and data to keep track of than ever before. This has made it essential for accountants to be able to use technology to its full potential in order to keep up with the demands of eCommerce.
2. Data-driven decision making
Another change that eCommerce has brought to accounting is the need for data-driven decision-making. With so much data available, it’s essential for accountants to be able to analyze this data and use it to make informed decisions about the business. This requires a different set of skills than traditional accounting, but it’s essential for businesses to be able to compete in the eCommerce world.
3. Greater need for transparency
Lastly, eCommerce has also brought a greater need for transparency when it comes to accounting. With businesses now operating on a global scale, there is a greater need for accountants to be able to show where the money is coming from and where it’s going. This transparency is essential for businesses to build trust with their customers and investors.
– FreeAgent is the second most popular accounting software for e-commerce businesses.
– Xero is another great option for online retailers.
– Wave Accounting is a good choice for e-commerce businesses on a tight budget.
Use accounting software to automate bookkeeping tasks, track inventory levels, manage sales tax and invoicing, and stay on top of your business finances. For more options and tips, read our article.
How can a poor accounting method affect the business?
Bookkeeping is vital to any business as it provides insight into past spending and areas of improvement. Without proper bookkeeping, you may end up paying your debts late, leading to more interest rates, loss of credit, etc. Having a good accounting method helps business owners avoid these costly bookkeeping mistakes. Poor accounting can also result in the loss of customers, as they do not have faith in the company’s ability to manage their finances. Furthermore, it can also lead to legal trouble if the business is not adhering to the proper accounting standards. Therefore, it is essential to have a good accounting method in place to avoid any negative consequences for the business.
What are some common bookkeeping mistakes?
Not;
– Keeping track of receipts and invoices.
– Separating personal and business expenses.
– Reconciling accounts on a regular basis.
– Tracking inventory levels accurately.
– Using accounting software or keeping digital records.
For more information on bookkeeping mistakes and how to avoid them, check out our article.
Overall,
E-Commerce has had a big impact on accounting, causing increased complexity, the need for data-driven decision-making, and greater transparency. These changes have made it essential for accountants to be more tech-savvy than ever before. To stay on top of their game, accountants should use accounting software to automate bookkeeping tasks, track inventory levels, manage sales tax and invoicing, and stay on top of their business finances. Additionally, they should avoid common bookkeeping mistakes such as failing to track receipts and invoices or not separating personal and business expenses. By taking these steps, accountants can ensure that they are providing the best possible service to their e-commerce clients.
Accounting and bookkeeping for an e-commerce company may appear to be complicated, but they don’t have to be. By following some best practices and keeping on top of your finances, you can ensure that your business runs smoothly and avoid any costly mistakes. If you don’t know where to start or if you want to build on what you already have we can help. Our bookkeeping and accounting services are designed to meet the unique needs of e-commerce businesses. We have many great articles that can help you get started. If you have any questions, feel free to reach out to us. We hope to have answered some critical questions and offer valuable insight into what you need to know about bookkeeping for your e-commerce business!
Many businesses don’t realize it, but their accounting method can have a major impact on their bottom line. In fact, poor accounting is one of the leading causes of business failure. Making a mistake in your accounting methods can have disastrous consequences for your business. Here’s what you need to know to avoid this critical error.
How Poor Accounting Can Hurt Your Business
There are a number of ways that poor accounting can hurt your business. Perhaps the most obvious way is that it can lead to inaccurate financial statements. This, in turn, can make it difficult to make sound decisions about where to invest your resources or how to price your products and services. Additionally, if your financial statements are inaccurate, they can put you at risk of violating tax laws or running afoul of government regulations.
Another way that poor accounting can hurt your business is by causing you to miss opportunities to claim valuable deductions or take advantage of other tax breaks. For example, if you’re not tracking your inventory properly. You may be paying too much in taxes on the products you sell. Similarly, if you’re not keeping careful records of your expenses. You may be missing out on deductions that could save you thousands of dollars come tax time.
Finally, poor accounting can also lead to cash flow problems. If you’re not keeping track of your receivables and payables. It’s easy to fall behind on payments and rack up late fees and interest charges. This can quickly eat into your profits and put a strain on your relationship with vendors and suppliers.
According to data gathered by U.S. Bank and presented on the SCORE/Counselors of America’s Small Business, cash flow difficulties are the reason that small businesses fail. This includes a lack of experience with accounting and money, as well as a weak business plan. Other problems include starting with too little money and not having a firm plan. A certified accountant is essential from the very beginning stages of your business all the way to its conclusion.
Role of an accountant in E-commerce
Accountants are uniquely positioned to determine where and to whom online intranet information items (such as data on costs, revenues, production, budgets, standards, variances, and quality) should flow.
This is accounting’s “traditional” role in an organization. Accountants maintain and analyze financial data to provide insights that inform operational and strategic decision-making throughout the organization.
Thus, accounting has a new role in e-commerce: accounting is no longer limited to providing financial information to management; accounting must also provide operational and strategic information to all decision-makers in the organization.
The role of accounting in e-commerce is further complicated by the fact that accounting data often reside on the Intranet, where they can be accessed not just by accounting personnel, but by anyone with a PC and an Internet connection.
Thus, accounting must now concern itself not just with the accuracy of its data, but also with its security and integrity.
Do I need an accountant for my e-commerce business?
After reading these you might be wondering, Do I need an accountant for my e-commerce business? The answer is: it depends. If you have a relatively simple business with straightforward accounting needs, you may be able to get by without one. However, if your business is growing and becoming more complex, it’s probably time to bring in some help. An experienced accountant can save you time and money by keeping your books in order and helping you take advantage of every tax deduction and credit to which you’re entitled.
As you can see, poor accounting can have a devastating effect on your business. Thankfully, there are steps you can take to avoid making this mistake. Be sure to work with a qualified accountant or bookkeeper who understands both the mechanics of accounting and the specific needs of your industry. Additionally, make sure you establish clear policies and procedures for maintaining accurate financial records.
By taking these precautions, you can minimize the risks associated with poor accounting and help ensure the long-term success of your business.
At our accounting firm, we offer a comprehensive suite of services specifically designed to meet the needs of e-commerce businesses. We can help with everything from bookkeeping and tax preparation to financial planning and analysis. Contact us today to learn more about how we can help your business thrive.
If you want to form a business, you need to ensure that you have a bookkeeper. A bookkeeper will ensure that everything is taken care of for your business. We will talk about some of the benefits of hiring a bookkeeper for your startup!
You Can Do What You Understand/Avoid What You Do not
Many people who run a business have no idea how finances work. In fact, most of them have zero experience with finances and how businesses work. That is why you would hire a professional.
Keep in mind that finances are not just the visible money. It includes payable accounts and receiving accounts as well. It will also include your taxes. If you do not understand how to effectively manage these accounts and taxes, hiring a bookkeeper will be essential.
Plus, if you are doing the bookkeeping, you are not focusing on daily tasks that you should be as a business owner and manager.
Here are some of the reasons you shouldn’t write off the idea of hiring a bookkeeper just yet.
Focus on the Core Business Needs
As a founder, you are going to want to focus your attention on the idea of your business. This also means that you, the founder, should devote most of your time to funding, marketing, and strategic planning for your new business.
Work/Life Balance
Starting a business is a lot of work. It takes a lot of long hours and energy. This may mean that at the end of the day or week, you go home and go straight to bed. This often happens to those who do not hire people who help them. This can cause troubles at home if you are not careful. Hiring a bookkeeper will allow you to save time on that aspect of the business.
Plus, if you do everything, you are going to burn yourself out eventually. This could cause many issues for your health and the life of your business.
New Perspectives
You may believe that you are ready to start and that your ideas are wonderful. While they are wonderful, someone else may have a better idea. When you have someone else investigate the business financials, they can help ensure that everything is proper. This includes all finances, reports, and funds. A good bookkeeper will allow you to see a bigger picture for your business. They can forecast future sales and income.
In all reality, a bookkeeper is going to be good with finances. They will be able to look at your plans and see if there are errors. They will also tell you if there should be changes made to benefit your business. After crunching numbers, they may find a better solution or idea.
Forget Tedious
When you run a business, you are not thinking about writing checks or paying bills. This is not something that will excite many. However, a bookkeeper has signed up to do this job. This means that they may enjoy it and will do it accurately. Plus, they are going to get more done in a shorter time than you would because they like doing tedious tasks such as number crunching and payroll.
On Time Payments
When you run a business, it can be difficult to keep track of everything. This includes the bills. With a bookkeeper you can ensure that all bills are paid on time without having to worry. This will ensure that your credit is kept in good standings with the credit companies.
Correct Taxes
When you own a business, taxes must be correct and paid. If this does not happen, it could mean big trouble. This could even include legal troubles. Forgetting something or not knowing how to do your taxes could cause your business to go up in flames. Ensure that you are hiring an educated bookkeeper to help ensure that your taxes are filed correctly to avoid any unnecessary repercussions.
Wrapping Up: Does My Startup Need A Bookkeeper?
Taking the time to learn the many benefits of having a bookkeeper can be the difference between thriving and scraping by. Bookkeepers allow you to do your job without having to worry about the financial aspect of your business. As you can see above, a bookkeeper will be an essential part of your business. It will make you have a little bit more time at the end of the day and not feel so burned out. It will allow you to go to work without dreading the financials. A bookkeeper is essential to have. If you do not know where to go for your startup business, Startup Tandem can help you. Whether you need a bookkeeper or anything else for your new business, you are covered. You can contact us here to learn more about what we can offer your startup business.
You should now better understand the answer to the question: does my startup need a bookkeeper and we wish you all the best.
1. Categorize all transactions for ecommerce accounting. 
