The Essential Guide to eCommerce Accounting

However, remember that while that’s one less step for you to worry about, your e-commerce provider will likely take a cut from the transaction. But more importantly, cash flow shows your gross revenue and net profit. If you know exactly how much money goes through the business, you can keep a positive profit https://www.bookstime.com/ margin. [...]

Contra Account Definition, Types, and Example

Both these aspects of the transaction are although entered in the same account, are mentioned in separate columns. This improvement in the accounting details and transparency is good for any business in multiple ways. These accounts might also appear on the balance sheets of the company. ADAs are used to create allowances for clients that [...]

Introduction to Bookkeeping What is Bookkeeping

According to the US Bureau of Labor Statistics (BLS), the median salary for bookkeepers in the US is $45,560 per year as of 2021 [1]. You can sometimes choose between full-time and part-time positions, and you may go to work in an office or work from home. I was really impressed with the videos and [...]