Barcode Scanning vs. Manual Data Entry
Efficient inventory management is vital for business success, impacting customer satisfaction and profitability. In today’s competitive landscape, choosing the right method to track inventory, whether barcode scanning or manual data entry, can make a significant difference in inventory management. Let’s explore barcode scanning vs manual data entry, highlighting the benefits of automating inventory data entry […]
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 […]
🚀 December Update: Shopify accounting with Vencru integration
We’re thrilled to announce a game-changing upgrade for all our fellow entrepreneurs. Vencru, your trusted partner in business management, has taken a giant leap forward by integrating seamlessly with Shopify, one of the world’s leading e-commerce platforms. This integration is set to transform how you handle your online store’s finances, making your life as a […]
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 […]
