Our service is straightforward. We charge you on the first of the month and you get your books by the 15th. You get an income statement, balance sheet and cash flow statement each month along with any findings and recommendations. We work out of Quickbooks Online or Xero and use Link My Books to pull in the data from all of your sales channels.
Accrual accounting is the best accounting method for most ecommerce businesses because if your goal is to one day exit and sell your business then most buyers will want to see financial accounts in that format.
Ecommerce bookkeeping is a practice that involves recording a business's revenue, expenses, inventory levels and other financial data into a bookkeeping system such as Xero or QuickBooks to gain a clear picture of how the business is performing.
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