Accounting for E-commerce: Guide for Online Business Owners
E-commerce has gained much popularity in recent past years. Every business is trying to shift towards online platforms, as it is much needed for survival in modern times. The devastating pandemic of Covid-19 has changed the whole scenario of the shopping world. One can buy anything without going to the market. This is very helpful for all but it has especially benefited handicapped persons. From needles to automobiles, you can get everything to your doorstep. According to Statista, retail e-commerce sales around the world is more than 6 trillion dollars. This figure is expected to rise in upcoming years as there are over five billion internet users around the globe. With such huge potential in this industry, online business owners need to have a solid accounting system in place. A reliable system of accounting is extremely vital for accurate record keeping. In this blog article, we’ll provide online business owners with a thorough overview of accounting for e-commerce. Read more