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As eCommerce businesses scale, growth often outpaces visibility. Sales increase, channels expand, and payouts accelerate, yet many business owners still lack a clear view of what is actually driving profit. This gap was the focus of a recent A2X × Xendoo webinar, where A2X Head of Marketing Geoffrey Gualano shared the stage with
Summary To get your eCommerce books ready for tax season, make sure your numbers are accurate. Check your COGS, update your inventory, record all marketplace and processing fees, review shipping and fulfillment costs, and confirm every return and refund is in your books. Make sure your payroll, contractor payments, sales tax, and all
Today’s eCommerce businesses run on data, automation, and speed. Whether selling on Shopify, Amazon, or multiple online channels, success requires an accounting and HR stack built for modern online selling, avoiding manual or disconnected systems that slow businesses down. Xero, Gusto, A2X, and Xendoo form the foundation for that system: A connected, technology-driven
Summary: Q4 is usually the busiest and most profitable season for eCommerce, but it also brings higher sales volume, increased expenses, and more complex financial data. Strong eCommerce bookkeeping is essential during this time. Keeping accurate books, integrating your tech stack, recording expenses in real time, and analyzing holiday sales data help you
As tax season approaches, getting your financial documents and records in order is crucial to ensure a smooth and accurate filing process. Here’s a step-by-step guide to help you prepare effectively: Obtain Your W-3 Form: Your W-3 form consolidates all individual W-2 forms, reporting employee wages and tax withholdings into one comprehensive
As the election cycle approaches, small business owners must take proactive steps to ensure their businesses remain resilient regardless of the outcome. While the election period can bring uncertainty, strategic planning and sound financial management can help you navigate it successfully. Here’s how small businesses can prepare for the upcoming election and thrive
Technological advancements have continuously reshaped the business landscape, pushing industries into new realms of efficiency and innovation. Understanding these waves—each marked by distinct technological breakthroughs—is crucial for small businesses aiming to thrive in today’s digital era. The Four Waves of Technological Change and Their Impact on Businesses The First Wave: The Industrial Revolution
The Value of KPIs for Small Businesses In the business landscape, It may be difficult to succeed in the ever-changing business world, particularly for small and medium-sized enterprises (SMEs). A well-defined strategy is crucial for these small enterprises, the backbone of our economy. However, these smaller companies often face significant challenges on the
Managing an eCommerce business extends beyond the simple transaction of goods online. Unlike traditional businesses, eCommerce accounting involves unique challenges, like managing inventory costs, tracking marketing spending across multiple channels, and dealing with complex tax regulations. These complexities can leave you needing help to make sense of your finances and unsure of your
In the fast-paced world of e-commerce, success hinges on the quality of products and services and adept financial management. With tax season approaching, maintaining accurate financial records becomes imperative. With potentially complicated regulations and potential deductions, e-commerce entrepreneurs face unique challenges in tax preparation. This comprehensive guide aims to demystify the process, offering
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
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
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
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,
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
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
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
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
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
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
You’ve set up your online store set, and orders are starting to come in. But in your rush to pack, ship, and sell, there’s a good chance you haven’t made time to integrate accounting software with your eCommerce software. By downloading a third-party app plug-in, you are just a few clicks away from
As a new business owner, you have a lot to manage on your eCommerce site. From making sure that customers can easily find what they need to creating an easy path to purchasing your goods, it may leave less time to tidy up the little things in your accounting processes. However, these mistakes
Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services
Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just
Editor’s Note: This post was originally published in March 2020 and has been updated for accuracy and comprehensiveness. For all the challenges the economy faced in 2020, it may come as something of a surprise that overall domestic retail sales saw their highest rate of growth in over two decades during 2020. What
There are many reasons why people decide to sell their Shopify or other eCommerce stores — personal or professional. What they all have in common, though, are the worries that come with that decision: What if I can’t get a fair price? What if I can’t find a buyer? These tips will help
One of the best small business-friendly aspects of the Tax Cuts and Jobs Act (TCJA) is the 20% deduction you can take on your income tax if your business is a pass-through entity. Here’s what you need to know about it. What Is the Deduction The TCJA was passed in 2017 and first
Online businesses can acquire customers from all over the world. However, running an eCommerce business also comes with unique challenges and solutions. Once your online store is ready to launch, it’s time to choose an eCommerce accounting software that will keep your books up to date. With an online accounting software, you can
If you’ve sold stock, real estate, or other assets at a profit, you will have to pay income tax on that profit — known as capital gains tax. The amount you pay depends on your income bracket. Here’s how to figure how much tax you owe. Bear in mind, this calculation is for
About A2X for Shopify A2X for Shopify imports your Shopify payouts and sales and posts them to your accounting system in a way that makes it easy to reconcile the sales, refunds, discounts taxes and shipping against the cash receipts. A2X for Shopify has several benefits for accounting: Reconciles Shopify Payments perfectly, including
Thinking of expanding your retail business into the biggest market platform in the U.S.? Amazon makes it easy for sellers of all sizes to get in on the action, even offering warehousing and fulfillment services. Here’s how to become an Amazon seller. 1. Create an account. Don’t use your personal Amazon account. Setting
Selling online used to be a breeze. Get the order, collect the money, ship out the product. No hassles with sales tax like a brick-and-mortar retailer have to deal with. Nowadays, unfortunately, it’s up to 46 times more complicated for an eCommerce business. That’s because 45 U.S. states plus Washington, D.C., now require
What do a used book store, garden nursery, and boutique clothing shop all have in common? No, this isn’t the set up to a joke. Unfortunately, all three types of businesses are at risk of failing if their cash flow isn’t in good shape. According to the Small Business Administration, “inadequate cash reserves”
As eCommerce businesses scale, growth often outpaces visibility. Sales increase, channels expand, and payouts accelerate, yet many business owners still lack a clear view of what is actually driving profit. This gap was the focus of a recent A2X × Xendoo webinar, where A2X Head of Marketing Geoffrey Gualano shared the stage with
Summary To get your eCommerce books ready for tax season, make sure your numbers are accurate. Check your COGS, update your inventory, record all marketplace and processing fees, review shipping and fulfillment costs, and confirm every return and refund is in your books. Make sure your payroll, contractor payments, sales tax, and all
Today’s eCommerce businesses run on data, automation, and speed. Whether selling on Shopify, Amazon, or multiple online channels, success requires an accounting and HR stack built for modern online selling, avoiding manual or disconnected systems that slow businesses down. Xero, Gusto, A2X, and Xendoo form the foundation for that system: A connected, technology-driven
Summary: Q4 is usually the busiest and most profitable season for eCommerce, but it also brings higher sales volume, increased expenses, and more complex financial data. Strong eCommerce bookkeeping is essential during this time. Keeping accurate books, integrating your tech stack, recording expenses in real time, and analyzing holiday sales data help you
As tax season approaches, getting your financial documents and records in order is crucial to ensure a smooth and accurate filing process. Here’s a step-by-step guide to help you prepare effectively: Obtain Your W-3 Form: Your W-3 form consolidates all individual W-2 forms, reporting employee wages and tax withholdings into one comprehensive
As the election cycle approaches, small business owners must take proactive steps to ensure their businesses remain resilient regardless of the outcome. While the election period can bring uncertainty, strategic planning and sound financial management can help you navigate it successfully. Here’s how small businesses can prepare for the upcoming election and thrive
Technological advancements have continuously reshaped the business landscape, pushing industries into new realms of efficiency and innovation. Understanding these waves—each marked by distinct technological breakthroughs—is crucial for small businesses aiming to thrive in today’s digital era. The Four Waves of Technological Change and Their Impact on Businesses The First Wave: The Industrial Revolution
The Value of KPIs for Small Businesses In the business landscape, It may be difficult to succeed in the ever-changing business world, particularly for small and medium-sized enterprises (SMEs). A well-defined strategy is crucial for these small enterprises, the backbone of our economy. However, these smaller companies often face significant challenges on the
Managing an eCommerce business extends beyond the simple transaction of goods online. Unlike traditional businesses, eCommerce accounting involves unique challenges, like managing inventory costs, tracking marketing spending across multiple channels, and dealing with complex tax regulations. These complexities can leave you needing help to make sense of your finances and unsure of your
In the fast-paced world of e-commerce, success hinges on the quality of products and services and adept financial management. With tax season approaching, maintaining accurate financial records becomes imperative. With potentially complicated regulations and potential deductions, e-commerce entrepreneurs face unique challenges in tax preparation. This comprehensive guide aims to demystify the process, offering
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
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
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
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,
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
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
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
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
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
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
You’ve set up your online store set, and orders are starting to come in. But in your rush to pack, ship, and sell, there’s a good chance you haven’t made time to integrate accounting software with your eCommerce software. By downloading a third-party app plug-in, you are just a few clicks away from
As a new business owner, you have a lot to manage on your eCommerce site. From making sure that customers can easily find what they need to creating an easy path to purchasing your goods, it may leave less time to tidy up the little things in your accounting processes. However, these mistakes
Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services
Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just
Editor’s Note: This post was originally published in March 2020 and has been updated for accuracy and comprehensiveness. For all the challenges the economy faced in 2020, it may come as something of a surprise that overall domestic retail sales saw their highest rate of growth in over two decades during 2020. What
There are many reasons why people decide to sell their Shopify or other eCommerce stores — personal or professional. What they all have in common, though, are the worries that come with that decision: What if I can’t get a fair price? What if I can’t find a buyer? These tips will help
One of the best small business-friendly aspects of the Tax Cuts and Jobs Act (TCJA) is the 20% deduction you can take on your income tax if your business is a pass-through entity. Here’s what you need to know about it. What Is the Deduction The TCJA was passed in 2017 and first
Online businesses can acquire customers from all over the world. However, running an eCommerce business also comes with unique challenges and solutions. Once your online store is ready to launch, it’s time to choose an eCommerce accounting software that will keep your books up to date. With an online accounting software, you can
If you’ve sold stock, real estate, or other assets at a profit, you will have to pay income tax on that profit — known as capital gains tax. The amount you pay depends on your income bracket. Here’s how to figure how much tax you owe. Bear in mind, this calculation is for
About A2X for Shopify A2X for Shopify imports your Shopify payouts and sales and posts them to your accounting system in a way that makes it easy to reconcile the sales, refunds, discounts taxes and shipping against the cash receipts. A2X for Shopify has several benefits for accounting: Reconciles Shopify Payments perfectly, including
Thinking of expanding your retail business into the biggest market platform in the U.S.? Amazon makes it easy for sellers of all sizes to get in on the action, even offering warehousing and fulfillment services. Here’s how to become an Amazon seller. 1. Create an account. Don’t use your personal Amazon account. Setting
Selling online used to be a breeze. Get the order, collect the money, ship out the product. No hassles with sales tax like a brick-and-mortar retailer have to deal with. Nowadays, unfortunately, it’s up to 46 times more complicated for an eCommerce business. That’s because 45 U.S. states plus Washington, D.C., now require
What do a used book store, garden nursery, and boutique clothing shop all have in common? No, this isn’t the set up to a joke. Unfortunately, all three types of businesses are at risk of failing if their cash flow isn’t in good shape. According to the Small Business Administration, “inadequate cash reserves”
