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How to Calculate Cost of Goods Sold for Shopify Store

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 […]

How to Generate an Income Statement for Shopify Business

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 […]

Top 5 Purchase Order Systems for Retailers

Top 5 Purchase Order Systems

Introduction Efficient inventory management is key to success. One crucial tool that aids retailers in managing their inventory effectively is a Purchase Order (PO) system. In this blog post, we will explore what a purchase order system is, discuss the essential features it should have for small businesses, differentiate between purchase requests and purchase orders, […]

Chart of Accounts for e-commerce businesses: Detailed guide

retail chart of accounts

Accounting for an online business can be challenging, especially for global businesses. 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 operations. That’s where Chart of Accounts for e-commerce businesses comes in. In this guide, […]

Best Accounting Software for Shopify Business

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)

retail chart of accounts

Running a restaurant involves juggling numerous financial transactions, from managing inventory to tracking expenses and revenue. To maintain control and make informed decisions, restaurateurs need an organized financial framework. 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 […]

17hats vs. Honeybook: Comparison (2024 Update)

17hats Vs Honeybook

Simplifying operations with accounting software enhances overall business management efficiency cutting down manual errors and calculations, ensuring compliance and providing insightful data for better decision making. The right accounting software for your business optimises time management, boosts efficiency and productivity and even better- comes at an affordable price. 17hats and Honeybook are used by various […]

7 Tips to Boost Holiday Sales

7 Tips to Boost Holiday Sales

The holiday season is upon us, and businesses worldwide are gearing up for the festive shopping rush. To make the most of this joyful time, it’s crucial to adopt a strategic approach. In this blog post, we’ll explore key strategies to boost holiday sales: 1. Select the Right Marketing Channels: One size does not fit […]

ZipBooks vs Quickbooks 2023 Comparisons

ZipBooks vs Quickbooks

Monitoring your business health and gaining insightful data for business growth is made accessible with accounting software. Accounting software is a game changer for businesses increasing efficiency and accuracy, saving time, ensuring compliance and so much more. Several business owners use ZipBooks and QuickBooks for various purposes. In this blog post, we will discuss both […]

ZipBooks vs Wave: Comparisons (2024 updated)

ZipBooks Vs Wave

When making purchasing decisions, striking the right balance between benefits and costs is crucial for businesses as this can either add to or reduce your bottom line. Using accounting software has numerous perks but, finding the software that satisfies your business needs at a price that works is crucial to business success. In this post, […]

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