Beware of These Red Flags in Ecommerce Bookkeeping

Welcome back after a very short break! 

I’m thrilled to be back in your ears and bringing you more of what you asked for. From my Numbers List, you all let me know that you want to hear more about Ecommerce - which I absolutely love talking about! Now is the perfect time as we approach the start of a new financial year to analyse, evaluate and maybe start fresh with a new bookkeeper. 

E-commerce has evolved dramatically over the last couple of years with the introduction of so many different platforms, integrations, and payment providers. You have to keep up and have a strong understanding of all things accounting, not only basic bookkeeping, so you don't make an absolute mess of the financials.

In this episode, I’m sharing three red flags to look out for with your Ecommerce bookkeeper. We’re going to explore clearing accounts, PayPal and/or Strip bank account setups in your software, and if your bookkeeper is asking you for all of the correct invoices to accurately determine your taxes. 

If any of these red flags have popped up for you with your current bookkeeper and they haven't been able to give you some clarity or confidence that it's been taken care of, it might be time to look around for a new bookkeeper. 

These are also some great questions to ask of prospective bookkeepers if you’re shopping around so tune in to find out these three red flags to give you confidence that you’re working with someone who knows their stuff and won’t leave you hanging at tax time!

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