If you are an own a successful eCommerce business you should be able to immediately identify the primary financial goal you are focused on driving in your business this week, month, quarter and year.
✔️Increase Revenue?
✔️Increase Gross Profit Margin?
✔️Increase Net Profit?
✔️Reduce Taxes?
You should be measuring your performance with relevant reporting that will allow you to monitor and make the correct adjustments to reach your specific goals based on benchmarks and relevant KPIs.
If you are going to scale your business perfecting your accounting system is only one step to financial success.
If you do not properly manage your accounting, how will your accurately determine your business performance on an ongoing basis?
To quote Peter Drucker: What gets measured, gets managed.
If you expect financial success you must properly track AND measure your financial performance frequently.
At least monthly, if not weekly.
How often do you review your finances and KPI’s?
This can mean thousands and cumulatively millions of dollars for your business and family.
We’re here to partner with you to take your company to the next level!
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:
✔️Profit Improvement
✔️Pricing Strategies
✔️Cash Flow Management & Forecasting
✔️Inventory Management & Forecasting
✔️Sales Forecasting & Budgeting
✔️Key Performance Indicators, Benchmarking & Financial Ratio Analysis
We’re here to partner with you to take your company to the next level!
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:
✔️Profit Improvement
✔️Pricing Strategies
✔️Cash Flow Management & Forecasting
✔️Inventory Management & Forecasting
✔️Sales Forecasting & Budgeting
✔️Key Performance Indicators, Benchmarking & Financial Ratio Analysis
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.
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!
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:
✔️Profit Improvement
✔️Pricing Strategies
✔️Cash Flow Management & Forecasting
✔️Inventory Management & Forecasting
✔️Sales Forecasting & Budgeting
✔️Key Performance Indicators, Benchmarking & Financial Ratio Analysis
Just like we did with one of our most recent clients….
After discussing his current gross margin rates compared to relevant industry benchmarks we realized something had to change.
By adjusting the pricing of specific products and bundling specific low and high margin items together we increased their gross margin by 10.5%.
This increased net profits by over $120,000.
We did this in just 16 days.
This $120,000 in profit is being reinvested back into the business expand his marketing campaign for the eCommerce business and accelerate sales.
Ready to get the same results?
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:
✔️Profit Improvement
✔️Pricing Strategies
✔️Cash Flow Management & Forecasting
✔️Inventory Management & Forecasting
✔️Sales Forecasting & Budgeting
✔️Key Performance Indicators, Benchmarking & Financial Ratio Analysis
As you begin to scale and grow your business a traditional accountant that you see once per quarter or once per year is not sufficient.
You need a company you partner with as an extension of your financial team that provide proactive advice that drives financial outcomes.
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!
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:
✔️Profit Improvement
✔️Pricing Strategies
✔️Cash Flow Management & Forecasting
✔️Inventory Management & Forecasting
✔️Sales Forecasting & Budgeting
✔️Key Performance Indicators, Benchmarking & Financial Ratio Analysis