A healthy cash flow can mean the difference between survival and bankruptcy. If you’re one of the 41% of small eCommerce business owners who do their own accounts, this article is for you. There are two main accounting methods that eCommerce businesses use to keep track of cash flow.
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It’s the beginning of a new year. Which means if you haven’t begun evaluating your businesses’ finances at the end of 2022, you’re doing so now. Appropriate management of cash flow is essential for the success of any business. For eCommerce startups and small businesses, however, a healthy cash flow can mean the difference between survival and bankruptcy. If you’re one of the 41% of small eCommerce business owners who do their own accounts, this article is for you. Image Source What is eCommerce Accounting? At its most basic level, accounting refers to bookkeeping tasks like recording transactions or handling
Accounting for eCommerce Businesses was originally published on Blog – Benchmark Email
