Shopify Accounting For Your E-commerce Business — Jason Richelson | Why Accounting Is More Than Shopify Numbers, How Bad Accounting Kills Value, What Makes Multi-channel Tricky, How Reconciliation Saves Revenue, Why Automation Matters Past $1M (#373) | Ecommerce Coffee Break – The Ecom Marketing & Sales Podcast | Podwise
Shopify Accounting For Your E-commerce Business — Jason Richelson | Why Accounting Is More Than Shopify Numbers, How Bad Accounting Kills Value, What Makes Multi-channel Tricky, How Reconciliation Saves Revenue, Why Automation Matters Past $1M (#373)
This episode explores the complexities of eCommerce accounting and bookkeeping, particularly as businesses grow. Against the backdrop of many merchants underestimating the importance of accurate financial tracking, the interview features Jason Richelson, CEO of Bookkeep.com, who shares his extensive experience in eCommerce and accounting. More significantly, Richelson highlights the risks associated with neglecting accounting, such as inaccurate financial reporting, missed payments due to reconciliation issues across platforms like Shopify, PayPal, and Amazon Seller, and potential sales tax problems. For instance, he cites cases where businesses lost money due to improperly closed draft orders or misunderstandings of how sales tax is handled across different platforms. The discussion pivots to Bookkeep.com's solution, an automated accounting platform designed to streamline the process, integrate with various eCommerce platforms, and provide clear, accurate financial reports. The platform's pricing structure is detailed, ranging from $49 to $999 per month depending on business size and needs. In conclusion, the episode emphasizes the critical need for eCommerce businesses to prioritize accurate accounting from the outset, suggesting that solutions like Bookkeep.com can be invaluable in mitigating risks and ensuring financial health.
