How Do Your Books Look? Top Accounting Mistakes for eCommerce.
How do your books look?
All too often I see business owners scrambling to get their accounting records together for lenders or for tax season at the last minute.
This means that on a month to month basis they are not tracking their financial performance.
They are running their company blind.
Would you get on a uber with a driver that doesn’t know their routes and doesn’t check their odometer?
That is how many eCommerce businesses are operating.
Implementing financial systems and analyzing financial reports is usually not the primary focus of eCommerce business owners.
This is understandable since business owners focus on many competing priorities such as managing vendors, employees, marketing, fulfillment and so on.
Not consistently knowing your numbers and tracking your KPI’s is akin to driving blind.
You will never reach you destination.
A CFO can run relevant key reports, review them against relevant benchmarks and KPI’s and provide relevant business advice and insights to drive key financial results in your business.
Are you driving your business blindly?
👇 I recorded a video going over this below
If you expect financial success you must properly track AND measure your financial performance against relevant metrics frequently.
This all starts with a proper accounting system.
At Camuso CPA, we partner with your company to not only handle your basic accounting but to provide ACTIONABLE and PROACTIVE financial insights that improve your business and increase your profits.
We can provide an outsourced CFO solution for a small fraction of the price of a full-time CFO.
Whether it’s improving your gross margin through pricing strategies based on key performance indicators.
Or improving your cash flow and inventory management with effective forecasting and ratio analysis.
Or customizing your accounting process to effectively track income, expenses and key performance indicators on a per product, customer or sales channel basis.
We’re here to partner with you to take your company to the next level!
If you’re ready to take the next step to scale your eCommerce business, book your 1-on-1 meeting with me TODAY!
These are just some of the strategic financial services we provide to E-Commerce and Digital Businesses to increase their bottom-line and manage their cash flow:
✔️Cash Flow Management & Forecasting
✔️Inventory Management & Forecasting
✔️Sales Forecasting & Budgeting
✔️Key Performance Indicators, Benchmarking & Financial Ratio Analysis
✔️Cost Controls & Financial Strategy
✔️Tax Planning & Tax Preparation
22 Min ago
That Lin-Manuel found inspiration all around him isn’t surprising; breaking out of the everyday is a great way to spark fresh ideas. But ideas can be fleeting. Evernote’s founder Stepan Pachikov once said, “An interesting moment in life lasts only a moment.” The challenge is grabbing hold of those moments—those brilliant ideas—so they can live forever. To do that, you need a strategy for capturing them when inspiration strikes.Reply