Standing Out in a Crowded Market: How to Differentiate Your Business in a Competitive World
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Alexis Kovic
Undoubtedly, part of owning a business is understanding that you may face high competition and crowded industries. Knowing how to make your business stand out and what sets it apart from the competition is vital to keep it from fading into the background. In other words, you need to know how to differentiate your business […]
Cash vs. accrual accounting: Which is right for your business?
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xendoo Team
In accounting, there are two primary methods—accrual and cash basis. The main difference between accrual vs. cash accounting is in how and when you record income and expenses in your books. Each accounting method has advantages and disadvantages. If you’re not familiar with accrual vs. cash basis accounting, we’ll help you understand what they mean, […]
Ecommerce Accounting 101
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xendoo Team
Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. You’ll thank yourself later for enlisting some help to record and analyze your revenue, expenses, debts, and deductibles. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based […]
Ecommerce Bookkeeping Services: What to Consider
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xendoo Team
It can be overwhelming for small business owners to choose from all the ecommerce bookkeeping services out there. Many small businesses trust xendoo with their financials, but we understand that choosing the best bookkeeping and accounting solution is a big decision. When running an online store, there are many financial considerations and challenges, including payments, […]
How Do You Record eCommerce Sales in Accounting?
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xendoo Team
Many eCommerce owners understand the importance of making sales, but do you know how to record eCommerce sales for your accounting system? Ecommerce business owners have some degree of flexibility that physical storefronts cannot afford. Apart from avoiding rent, an eCommerce model makes it easy to fulfill orders from the comfort of your home or […]
What Type of Accountant Does Your eCommerce Business Need?
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xendoo Team
Running an eCommerce business can sometimes feel like a juggling routine. You’ll have to stay on top of your transactions, inventory, administrative fees, and more. Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. Managing your own books may seem like […]
Top 7 Requirements to Secure Ecommerce Funding (Hint: They’re Not What You Think)
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xendoo Team
In the past, online sellers often had to dig into their own pockets to fund their eCommerce business dreams. Since small or growing businesses are technically high-risk investments, banks and other financial institutions were reluctant to part with their cash to help eCommerce sellers. But times have changed. Today, there is a growing number of […]
Selling on Amazon vs. eBay: What you need to know
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xendoo Team
Ready to start selling your products online? Or have you already built a web presence and you’re looking to expand? From marketplaces like Etsy to building and hosting your own website on Squarespace or Shopify, small businesses have plenty of platforms to sell their products online. But eventually, most professional sellers find themselves asking: What […]
Guide to Accounting for Amazon FBA Sellers
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xendoo Team
Becoming a third-party seller on Amazon is an exciting opportunity for many small businesses. After evaluating the pros and cons of selling on Amazon, you may decide to go with an Amazon FBA (Fulfilled by Amazon) account. You’ll pay a fee to use Amazon’s warehouses, packaging and shipping, and customer service. One thing that isn’t […]
Pros and Cons of Putting Your Small Business on Amazon
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xendoo Team
Ecommerce is booming. Total revenue will reach nearly $4.6 billion in 2021 and grow at an annual rate of 4.6% over the next five years – reaching $5.6 billion by 2025. It’s easy to see why owners of small and medium businesses are asking themselves how they can get a piece of the eCommerce pie. […]