This time of year, many of our clients are actively engaged in Q4 2020 and contemplating what business may be like in 2021. There are many unknowns this year; everything from pandemic developments to storage limitations and fulfillment and shipping concerns. One thing is certain—this year, Q4 will be different. Are you prepared for all […]
During the last 3 years, A2X has been an indispensable accounting tool that we have used to simplify the ecommerce bookkeeping process for many of our ecommerce clients. Through this partnership, we have helped sellers make more money, pay less tax, have a precise understanding of their finances, and focus on higher-value tasks instead of […]
Let’s be honest. Sitting down to pay bills is no one’s idea of a fun time, so can we at least make it easy? That’s what Relay has done! We have been working with Relay ourselves and love the convenience and affordability. You can learn more about their overall banking service from our earlier blog. […]
It’s August—the lull before Q4, or maybe not a lull if you’ve gotten crazy busy with COVID sales. In any case, we must look ahead to Q4 and tax time and anticipate how we’re going to handle what may be an unprecedented level (or a new precedent) of online sales. There are a few of […]
To wrap up our series on financial statements, we’re going to dive into the final statement that helps you manage your numbers—the Cash Flow Statement. This statement is the most difficult to understand when it comes to ecommerce bookkeeping.
When you pull your financial statements, what do you look at first? Chances are you go straight to the net profit line. Last week, in addition to the net profit number, I shared other aspects of your Profit and Loss report that you should be evaluating. This week let’s look at the Balance Sheet to […]
These last few months have been a wild ride for our clients. Some sold more in April than in Q4. Some were laying off employees and pivoting to merchant fulfilled. Most were applying for the SBA loans, both the PPP and the EIDL. The ecommerce business has really been all over the map. I hope […]
As a business owner, you should be reviewing your financials every month. These reports are the pulse of your business. But what exactly are you looking for? Let’s break down what’s important on your Profit & Loss (P&L) sheet!
As of this posting, we are about four weeks in from the time the World Health Organization (WHO) declared the Coronavirus outbreak a world-wide pandemic. Once that announcement was made, our world began changing at supersonic speed. For ecommerce business owners, and many others as well, it didn’t take long to begin to see the […]
