Budgeting: 7 Ways to Track Inventory Costs in Construction
Controlling inventory costs and assigning them correctly to projects is crucial for successful construction project management. Budgeting and billing accurately is essential for your business to ensure it stays profitable and sustainable in the long run. With multiple projects running simultaneously, each with its own materials, equipment, and labor costs, tracking expenses can become complex. […]
The Top 5 Cash Flow Businesses to Start in 2024
In today’s rapidly evolving business landscape, aspiring entrepreneurs are constantly looking for opportunities that promise not just profitability but also steady cash flow. A strong cash flow is the lifeblood of any business, ensuring that operations run smoothly and that the company can weather economic downturns. For those eager to embark on a business venture, […]
How to Create an FAQ Page (Shopify FAQ Template included)
Are you a Shopify merchant looking to enhance your customer’s shopping experience and reduce the burden of customer support inquiries? Creating an Frequently Asked Questions (FAQ) page for your Shopify store could be the solution you’re seeking. An Shopify FAQ template page can address common queries, provide clarity, and offer valuable information to your customers, […]
How to Calculate Cost of Goods Sold for Shopify Store
Understanding the financial metrics that predict business profitability is important to succeed as a Shopify business owner. Cost of Goods sold (COGS) is one of these key metrics. In this blog post, we’ll be discussing the Cost of Goods Sold for Shopify Store. Cost of Goods Sold (COGS) represents the direct costs associated with producing […]
Shopify Bookkeeping 101: Detailed Guide
Shopify Bookkeeping 101: Detailed Guide Are you running your business on Shopify and feeling unsure about how to perform bookkeeping? Explore our comprehensive, step-by-step guide covering all the essential information on Shopify bookkeeping. In this guide, we will cover Importance of bookkeeping Difference between bookkeeping and accounting Steps involved in performing Shopify bookkeeping Reports every […]
How to Generate an Income Statement for Shopify Business
Understanding the profitability of your Shopify business is crucial to your success as a business owner. The income statement for a Shopify Business gives you insight into how well your business is performing over a specific period and what you can change to be more profitable. An income statement, also known as a profit and […]
5 Ways to Boost Sales During Slower Periods
The new year often brings a slowdown in sales for many businesses after the holiday rush. However, this period can be an opportunity to drive more sales by rekindling relationships with past customers. In this article, we’ll explore effective strategies to boost sales during slower periods, with a focus on leveraging past relationships, including using […]
Chart of Accounts for e-commerce businesses: Detailed guide
Accounting for an online business can be challenging, especially for a global business. Thus, it is important to have a structured framework for organizing all financial transactions. This makes it easier to categorize and record various income and expenses associated with e-commerce accounting. That’s where the Chart of Accounts for e-commerce businesses comes in. In […]
Best Accounting Software for Shopify Business
Running a Shopify business comes with its unique set of challenges, especially when it comes to managing finances. The right accounting software is crucial for streamlining your operations and ensuring accurate financial records. In this article, we’ll explore the essential features to look for in accounting software that integrates with Shopify stores and delve into […]
Guide to Restaurant Chart of Accounts (with sample PDF)
Running a restaurant involves juggling numerous financial transactions, from managing inventory to tracking expenses and revenue. Restaurateurs need an organized financial framework to maintain control and make informed decisions. That’s where a Restaurant Chart of Accounts comes in. In this guide, we explain the Restaurant Chart of Accounts, delve into its crucial components, and show […]
