xendoo

OCTOBER 25, 2021

As a business owner, accounting methods may not rank that high on your list of passions, but understanding cash basis accounting vs. accrual accounting can be vital to your company’s health. . Cash basis and accrual accounting represent the two major methods of accounting used by financial professionals.

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xendoo

APRIL 20, 2021

Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. Choose an Accounting Method. Another category that you’ll probably want as an eCommerce seller is “Revenue – Returns and Allowances.”

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xendoo

OCTOBER 20, 2021

Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. Forensic accounting.

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Basis 365

JULY 25, 2022

Many eCommerce business owners are afraid to mention the term "outsourcing" because of how often they hear it. However, you can enjoy many advantages by outsourcing your eCommerce accounting. You can have more time even if you are a busy eCommerce owner. It is not uncommon for outsourcing work to be stigmatized.

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Basis 365

JUNE 22, 2022

Finances can be confusing in the ever-changing world of eCommerce accounting. You can rely on the services of an outsourced accounting company to help you stay ahead of your competitors. What financial statements are eCommerce companies required to make? What should you look for in an eCommerce accountant?

Account 52

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Ryan Lazanis

APRIL 20, 2022

Finding the right accounting niches is a tried, tested, and true way to quickly grow your firm. 10 great examples of accounting niches. What is an Accounting Niche? Dentists, SaaS companies, B2B services, eCommerce, and the list goes on. Disadvantages of Accounting Niches. 10 Types of Accounting Niches.

Real Estate 98

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Xero

OCTOBER 24, 2023

This guest blog was written by the team at ecommerce accounting integration, Amaka. Cyber Monday was originally an opportunity for ecommerce businesses to dish out huge promotions after Thanksgiving in the United States, but it’s now become a phenomenon around the world. In 2022, Cyber Monday brought in a total of $ 11.3

E-commerce 105

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Snyder

FEBRUARY 27, 2023

One of the most important choices is related to accounting. Are you planning to hire an accounting professional, do it all on your own, install accounting software? Different types of business models have their peculiarities in accounting and it’s best to know it all at the very start. The decision is yours. Compliance.

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PYMNTS

SEPTEMBER 16, 2020

Finance and bookkeeping smart app Snyder is integrating with a variety of big eCommerce companies, including Shopify , Amazon , eBay and Ecwid , to help eCommerce businesses with accounts receivable (AR) and accounting automation, according to a press release.

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PYMNTS

SEPTEMBER 21, 2020

It involved a lot of educational initiatives, creative business model thinking, and for some companies, an entirely new approach to bookkeeping and financial management. Yet as more organizations embrace the eCommerce shift, the growing pains of these changes will ease into preparedness for the future. Business Model Creativity.

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CPA Practice

NOVEMBER 29, 2023

Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications.

Real Estate 52

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Snyder

OCTOBER 7, 2022

The world of accounting is changing. Accounting automation, no-code, and low-code tools are making it possible for teams to do less manual data entry and focus on higher-value tasks. Change is slow, especially in Accounting. Change is slow, especially in Accounting. So what does this mean for accounting firms?

Technology 52

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xendoo

OCTOBER 15, 2021

If you’ve been using an Amazon FBA (Fulfilled by Amazon) account, then you might already be familiar with the administrative fees associated with warehousing, packing, shipping, and customer service. But there’s another need you’ll have to consider: accounting and bookkeeping. Amazon’s fees. Data analytics and reporting.

CPA 90

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Xero

DECEMBER 1, 2022

Set up foreign exchange bank accounts and bank feeds. By connecting your Xero account to Airwallex , you can extend these capabilities further. . “If Airwallex features include: Global accounts . Open 11 foreign currency accounts for free online, with no need to visit a bank. Receive bills and payments. 2.9% + 20p EEA.

Non-Profits 91

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xendoo

APRIL 13, 2022

Since starting your business, you’ve likely filled multiple roles–from product and customer service to bookkeeping and sales–at some point. For instance, you’ve probably asked yourself: Should I outsource bookkeeping? Tasks like bookkeeping are ideal to hire outside help. There are a few ways that you can hire a bookkeeper.

bookkeeping 52

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PYMNTS

NOVEMBER 10, 2020

Digitization has soared to the top of chief financial officers' priority lists, and as corporates enhance their accounts payable (AP) and accounts receivable (AR) workflows with automation, these modernization initiatives are ushering in a deeper convergence between the AP and AR functions. "I B2B eCommerce Brings AR, AP Together.

B2B 79

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PYMNTS

MAY 27, 2016

Like an aftereffect of a sci-fi film, the rise in automation within corporate financial teams has led to fears and anxiety: Will humans no longer be needed in the accounting department? Automation and accounting software may be to blame, the publication said. That’s what accounting, consulting and advisory firm BDO is doing.

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xendoo

APRIL 14, 2021

Your business can be profitable but still have a negative cash flow because profit calculation takes into account assets like inventory that you can’t use to pay bills. . The customer has to pay you before you ship the item, so that means you don’t have to deal with an accounts receivables ledger full of aging accounts.

E-commerce 98

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Reckon

JANUARY 16, 2023

Not separating your finances. This is a big one and a common trap that first time freelancers (and smaller businesses) fall into all the time – not separating your personal finances from your business finances. Not integrating your accounting software. Not putting aside your tax bill. Not protecting your IP.

accounting and finance 52

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PYMNTS

NOVEMBER 10, 2017

B2B FinTech enjoyed more time in the spotlight with investors this week as companies around the globe — ranging from eProcurement to small- and medium-sized business (SMB) accounting to supply chain management startups — secured fresh funding to support growth. SMB Accounting. B2B eCommerce. Kinara Capital. ScaleFactor.

Finance 40

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xendoo

OCTOBER 11, 2021

Between handling staffing issues, overseeing the procurement of essential resources, and planning your next marketing campaign, you might be stretched thin — not to mention all of that dreaded accounting work that you have to do to keep your books up to date! For instance, let’s say that your organization is in the eCommerce space.

CPA 52

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xendoo

APRIL 20, 2022

While expense tracking will remain manual, it will keep your finances organized in one place. . Come tax time, no one wants to sift through old receipts to account for each expense. . With reliable accounting software, you’ll have expense reports. As you can see, all those factors are related to finances.

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PYMNTS

SEPTEMBER 7, 2018

Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. Portal Finance. In one of the largest investment rounds of the week, Colombia’s Portal Finance announced $200 million for its lending solution for banks.

B2B 43

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Getting into legal troubles.

Account 52

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PYMNTS

JANUARY 18, 2019

Yet, venture capitalists revealed revamped interest in the B2B eCommerce and procurement spheres, exploring technologies like blockchain to enhance supply chains and the buyer-supplier relationship. with automated accounting software. Below, PYMNTS rounds up the latest in B2B investments.

B2B 65

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LyfeAccounting

OCTOBER 15, 2020

When Warren Buffet famously says, “accounting is the language of business”, this is what I believe he’s referring to. I mean you can track your current ratio, accounts receivable turnover, inventory turnover, return of equity, return on assets, profit per employee, and…. Are you profitable? Are you running out of cash? I’ll stop there.

Non-Profits 52

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PYMNTS

OCTOBER 4, 2019

FunBox works with other lenders to underwrite financing to self-employed, small merchants and new-to-credit customers, reports said. million in the B2B eCommerce startup, MENAbytes reports said. The alternative lender provides financing to small businesses as well as payment processing services to those borrowers.

B2B 51

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PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Technology 43

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PYMNTS

MARCH 19, 2020

The company announced this week that 14 partners have signed on to OpenLending, which offers an API to connects banks, FinTechs, brokers, accountants and bookkeeping platforms on a single portal to customize their loan offerings. Open Banking Eases Financing Search Via Swoop. Santander Turns To M&A For Trade Finance.

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