Operations
February 10, 2022

Make accounting for e-commerce a breeze with these 3 tips

Author
Clearco

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.

Clearco

Clearco is the fastest invoice and receipt funding solution for ecommerce.