Why Every E-Commerce Business Needs a Bookkeeper
Running an e-commerce business is hard work. There are so many things to keep track of, from inventory and shipping to customer data and finances. That's why it's important to have a bookkeeper on your team.
A good bookkeeper can help you keep your books up-to-date and make sure that you're making money - not losing it! In this blog post, we will discuss the importance of bookkeeping for e-commerce businesses, and how you can automate some of these tasks to make life a little bit easier.
e-Commerce Businesses Need Bookkeepers For a Variety of Reasons
It's no secret that e-commerce businesses need to keep their books in order, but why is that? Here are a few reasons:
- To make sure you're making money, not losing it!
- To stay compliant with tax laws
- To keep track of inventory and shipping
- To track customer data
- To make strategic decisions about the future of your business
As you can see, there are a lot of important reasons to keep your books up-to-date. And that's where a good bookkeeper comes in handy.
A great bookkeeper can help you stay on top of all your e-commerce bookkeeping tasks so that when tax season rolls around, you're not scrambling to get everything in order.
You'll know exactly where every penny was spent because they'll make sure it's recorded properly from day one!
Automating your bookkeeping tasks can save you time and hassle
Did you know that you can automate some of the most mundane bookkeeping tasks to make life a little bit easier?
With tools like QuickBooks Online, DEXT, and Synder the majority of tasks like account reconciliation, receipt and expense tracking, transaction syncing can be automated so you can focus on what you're good at - running your e-commerce business!
Please note, even though automation may save you time in running your e-commerce business, having a bookkeeper will guarantee that your financial operations are in compliance with your local tax laws and they can work with your accounting team to ensure everything is up to snuff.
QuickBooks Online makes it easy to keep your books in order
QuickBooks Online makes it easy to track your expenses, reconcile your accounts, and more. With its simple, intuitive interface, you can keep your books in order without spending hours slogging through the paperwork.
And because QuickBooks Online is cloud-based, you can access it from anywhere - even on your mobile device! So whether you're out of the office or on the go, you can always stay on top of your finances.
"I love QuickBooks Online, I can pull up my account at any time and not have to bother the team at Censea to see how my company is performing. It's up-to-date and in real-time" ~ Richard Walsh, Founder & CEO of Chirp Media.
DEXT keeps those receipts out of your shoebox.
For every business, there is usually a shoebox/glovebox full of receipts just collecting dust. And chances are that box of receipts isn't being reviewed until tax time hits. This can make it difficult to get a clear and up-to-date picture of ongoing expenses. That's why Censea recommends DEXT to all of our clients.
DEXT is a mobile app that allows business owners to simply snap a picture of their receipt and have it automatically enter into their accounting software. This not only saves time, but it also ensures that your bookkeepers have an accurate record of your expenses.
With DEXT, business owners no longer have to worry about holding onto those paper copies of receipts until tax season. Plus, with a few automations, digital invoices can be automatically setup to make reconciliation a breeze.
Focus on what you're good at - running your e-commerce business
We've mentioned a few great tools, and ways to automate your e-commerce bookkeeping needs. But at the end of the day, you're still running your e-commerce business, and simply don't have time to get everything set up and fine-tuned.
So focus on what you're good at and leave the bookkeeping to the professionals.
At Censea, we've got you covered - from QuickBooks Online to Dext and everything in between! Let us take care of all your e-commerce bookkeeping needs, so you can focus on what you're good at - making money!
Please contact us if you want to learn more about e-commerce bookkeeping and how we can help streamline your financial operations.
Article by Jennifer Walsh, CPB
Jennifer Walsh has been a bookkeeper for over 20 years and she's loved every minute of it. She loves helping business owners reach their financial goals so they can live the life they love, without having to worry about the numbers.