Solution: Luckily there are a lot of great platforms designed to assist with revenue reconciliation for Shopify. If you sell across borders, foreign exchange is also a consideration. Also, you may not receive the full amount of the transaction as cash as there may be processing fees deducted from your total. Problem: For every revenue transaction, there is the potential for something to go wrong so it’s important that revenue is recorded and reconciled properly.įor every sale, there is a credit card transaction which can pose reconciliation challenges as cash is typically received a few days after the transaction occurs. Here we will break down 4 common challenges that you will encounter when running a Shopify store and how you can address them. selling across provinces, holding inventory – it’s important to be prepared so you’re not caught off guard. And with the complexity that eCommerce businesses bring – i.e. Though it’s essential to the success of every business, bookkeeping can be quite daunting to many business owners. ![]() There’s a good chance that as a creative entrepreneur, you didn’t start your eCommerce store excited to take on the bookkeeping.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |