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Ecommerce
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Operations
February 10, 2022
Make accounting for e-commerce a breeze with these 3 tips
Founders know accounting isn’t exactly easy. But e-commerce accounting is even more difficult.
E-commerce transactions occur through various sales channels (of which there can be many). When e-commerce businesses receive deposits into their bank, they often have little to no insight into how to attribute each transaction; instead, founders just see a bunch of transactions with zero context or insight.
To the founder's chagrin, there are many different e-commerce transaction types: Sales tax, multiple currencies, and not to mention, Amazon has over 400 different fee types. 😒 Now add to the fact that money, profits, your livelihood, and tax deadlines are involved in accounting.
Ladies and gentlemen, buckle up. This tax season is going to be a bumpy ride.
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Clearco
Clearco provides ecommerce businesses with non-dilutive working capital to fund invoices and receipts. Whether it’s inventory, shipping and logistics, or marketing bills, Clearco empowers brands to scale confidently with capital that’s predictable, controllable, and tailored for growth. With no collateral, no personal guarantees, and capped weekly payments, Clearco delivers transparent funding that fits the rhythm of modern commerce. Since 2015, we’ve funded over 10,000 businesses with more than $2.5 billion invested.
