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What Is Cost of Goods Sold – COGS? (All You Need To Know)

Cost Of Goods Sold Explained

Cost of Goods Sold (COGS) is an accounting term that refers to the cost incurred by a company when goods are sold. In other words, cogs will show you how much it costs your company for every product that goes out the door. As a startup founder, you’ll run into this term as you’re trying … Read more

5 Main Reasons: E-Commerce Accounting is Difficult

main reason why accounting is difficult

Most people aren’t aware of the challenges that come with e-commerce accounting. It’s a fairly new concept, and not many accountants are familiar with it. This post will go over 5 reasons why e-commerce accounting can be challenging, as well as how you can reduce or eliminate each one so you don’t have to worry … Read more

Inventory Management Accounting: Ultimate Guide for eCommerce

Inventory Management Accounting is one of the most confusing parts to those who entered the eCommerce industry. In fact, 47% of the retailers dealt with the same problems with their inventories. A good Inventory Management however, will bring your business to the highs and lesser lows. By developing a healthy practice in knowing your inventories, … Read more