Bookkeeping

The abrupt closure of Bench Accounting has sent shockwaves through the eCommerce and small business communities, leaving many scrambling to find reliable alternatives to manage their bookkeeping needs. The shutdown, announced on December 27, 2024, blindsided customers just before the critical year-end period, highlighting the importance of stable and transparent financial service providers.

Ensure a smooth start to the new year with this year-end accounting checklist for eCommerce sellers. From reconciling bank accounts to tax prep, we cover the 12 must-do tasks to get your finances in top shape.

Looking to determine the best option between QuickBooks Online and QuickBooks Desktop? This article explores the key differences between the two to help you determine which QuickBooks version best suits your business needs and accounting workflow.

Maintaining accurate and organized bookkeeping is more important than ever. Your competitors are likely already doing it, and the only way to stay a step ahead in eCommerce is to put the best possible business practices and technologies to work for yourself. As an Amazon seller, you’re likely familiar with the complexities of managing individual transactions, tracking expenses, and staying compliant with local, state, national, and even international tax regulations. It can be a lot to manage on your own, which is why so many eCommerce businesses are turning to automated bookkeeping solutions like ConnectBooks.

Customers of QuickBooks Commerce have really been thrown for a loop. Not only has the popular inventory order management tool been slowly taken away from customers all around the world since 2022, but it has been officially discontinued for everyone as of August 2023. This leaves many small and midsized eCommerce business owners scrambling to find a decent QB Commerce alternative. Fortunately, if you find yourself in this situation, there you can get access to all of the same features and plenty of extras by combining your existing QuickBooks plan with ConnectBooks and a quality third-party inventory and order-tracking solution.

As an eCommerce business owner (or future eCommerce business owner), you might have already come across the COGS acronym before. It is a vital part of eCommerce accounting, but it’s also something that many beginners do not understand. And even if you have a thriving online retail business, you may not fully grasp what COGS means or how you can put it to use in your accounting processes.

If you run an eCommerce business for more than a year or two, you’ve probably come across GoDaddy Bookkeeping. For years, GoDaddy offered solid, reliable eCommerce bookkeeping to a wide variety of freelancers and small businesses.

Bookkeeping for eCommerce comes with its own unique challenges. While brick-and-mortar businesses may have more than enough bookkeeping and accounting functionality with QuickBooks, eCommerce businesses often need to supplement QuickBooks with third-party add-ons and programs.

Reselling and drop-shipping have become all the rage as people hear stories of others "striking it rich" and wanting their slice of the pie. There are videos, how-to's, and courses that explain almost every aspect of getting started with selling on Amazon.