Rachel LaMantia’s Post

Quick Tip: Improve Your E-commerce Cash Flow Management Set up a separate account for sales tax collected. Here's why: - Prevents accidental spending of tax funds - Simplifies tax remittance process - Provides clear view of actual cash available for operations - Reduces stress during tax payment periods - Demonstrates financial responsibility to potential investors or lenders This simple step can significantly improve your cash flow management and overall financial health. It's a small change that can make a big difference in your e-commerce business. Have you implemented this strategy? What other cash flow management tips work for you? #ecommerce #bookkeeper #bookkeeping #bookkeepingforsmallbusinesses #QuickBooksAdvancedProAdvisor

Is your e-commerce business bleeding money? 💸 Identify and eliminate hidden expenses now! 🔍 Here’s how to spot and reduce unnecessary costs: 1️⃣ Conduct regular audits to uncover hidden expenses and implement cost-cutting measures for better financial health. 2️⃣ Cancel unused software subscriptions and memberships to eliminate unnecessary expenditures and save money. 3️⃣ Renegotiate terms with suppliers to secure better deals, reduce costs, and improve your overall profit margins. 4️⃣ Keep detailed records of all expenses to identify savings opportunities and improve your financial decision-making process. Stop the financial drain and boost your profitability! P.S. Have you conducted a financial audit recently? 🧐 #Ecommerce #Shopify #Bookkeeping #CostReduction #FinancialHealth

Is your e-commerce business bleeding money? 💸 Identify and eliminate hidden expenses now! 🔍 Here’s how to spot and reduce unnecessary costs: 1️⃣ Conduct regular audits to uncover hidden expenses and implement cost-cutting measures for better financial health. 2️⃣ Cancel unused software subscriptions and memberships to eliminate unnecessary expenditures and save money. 3️⃣ Renegotiate terms with suppliers to secure better deals, reduce costs, and improve your overall profit margins. 4️⃣ Keep detailed records of all expenses to identify savings opportunities and improve your financial decision-making process. Stop the financial drain and boost your profitability! P.S. Have you conducted a financial audit recently? 🧐 #Ecommerce #Shopify #Bookkeeping #CostReduction #FinancialHealth

📊Fun Fact Regarding E-commerce Accounting 📈 "In the world of e-commerce, around 30% of all online transactions are abandoned at checkout!" 🛒 💯 This highlights the importance of accurate accounting and bookkeeping—to track sales and analyse customer behaviour. By understanding where customers drop off, businesses can adjust their strategies and boost their revenue. 💢 So, effective bookkeeping isn’t just about numbers; it’s about turning insights into action! 📈✨ #ecommerce #accounting #bookkeeping #funfact

📊Fun Fact Regarding E-commerce Accounting 📈 "In the world of e-commerce, around 30% of all online transactions are abandoned at checkout!" 🛒 💯 This highlights the importance of accurate accounting and bookkeeping—to track sales and analyse customer behaviour. By understanding where customers drop off, businesses can adjust their strategies and boost their revenue. 💢 So, effective bookkeeping isn’t just about numbers; it’s about turning insights into action! 📈✨ #ecommerce #accounting #bookkeeping #funfact

📊 Fun Fact Regarding E-commerce Accounting 📈 "In the world of e-commerce, around 30% of all online transactions are abandoned at checkout!" 🛒 💯 This highlights the importance of accurate accounting and bookkeeping—to track sales and analyse customer behaviour. By understanding where customers drop off, businesses can adjust their strategies and boost their revenue. 💢 So, effective bookkeeping isn’t just about numbers; it’s about turning insights into action! 📈✨ #ecommerce #accounting #bookkeeping #funfact

Is it time to hire an accountant for your e-commerce business? Discover the 6 telltale signs that you need professional financial help to keep your online store thriving! 🛒💰 Read more here:- https://bit.ly/3Wcm2BW #Ecommerce #Accounting #BusinessGrowth #LedgerLabs

I talked to a shop recently who got a $60,000 surprise bill. All because bills were being sent to the wrong email address...for months. When the issue was uncovered, this shop had to write a big check and update two months of accounting information. And it definitely soured what was otherwise a very profitable couple of months. This is a true AP "process" issue and is almost always the result of having multiple systems - purchasing in one and bill management in another. Things get even more complex when you have different people making purchases and paying bills. Ultimately, you're making two, related transactions every time you order with your vendors. At SupplySide, we think the best way to avoid surprises is to consolidate all of your transactions into one system - one source of truth. That way, you always know what is owed, to whom, and when.

What’s a Purchase Order (PO) & Why Does It Matter? A purchase order (PO) is a key document that confirms a purchase between a buyer and a vendor. It helps businesses maintain transparency, track expenses, and manage inventory effectively. Benefits of POs: 1. Better financial control & budget management 2. Streamlined inventory tracking 3. Clear agreements to prevent disputes Pro Tip: Automate your PO process to save time and reduce errors. Simplify your bookkeeping and get expert help starting at $195/month. Contact BooksTime for a free consultation and take control of your financial processes!

Are you running an e-commerce business? Your unique bookkeeping needs demand attention! Don't let managing multiple sales platforms, staying compliant with evolving tax laws, and handling returns and refunds stress you out. Here's what you need to consider for a successful financial strategy: - Keep track of Multi-Channel Sales - Manage Inventory & COGS - Ensure Sales Tax Compliance - Budget for Payment Gateway Fees - Streamline Returns & Refunds A solid bookkeeping system ensures a smooth cash flow and smarter decision-making for long-term success. Don't let your finances hold you back, take control today! Want to learn more? Check out our latest blog post for a deep dive into e-commerce bookkeeping! https://lnkd.in/gQMfUFbD #Bookkeeping #Ecommerce #Finance #SmallBusiness #SalesTax #BusinessTips #FinancialManagement