Accounting, Finance & Legal E-commerce Blueprint

Feb 1, 2017 by Jesse Ness, Ecwid Team
Accounting, Finance & Legal E-commerce Blueprint
Posted Feb 1, 2017 by Jesse Ness, Ecwid Team

In this article, we have tried to collect the most useful articles from our blog to help you make sense of small business accounting for your e-commerce business, so you can sail through tax season as easily as possible.

Download in PDF: Accounting, Finance & Legal E-Commerce Blueprint

Registering Your Business

The first steps you’ll take are to get your business registered with the appropriate state and federal agencies and to complete any necessary documentation for your brand assets.

Separating Your Personal and Business Finances

Next up, you’ll want to make sure your finances are in order for hassle-free bookkeeping, accounting, and an easy-breezy tax time.

Tracking Expenses / Choosing a Bookkeeping Solution

Accurate record-keeping is essential for proper reporting and reliable financial records. Learn what you need to keep the financial side of your business squeaky clean.

Evaluating Pricing and Margins

Using your bookkeeping numbers as a guide, you’ll want to regularly monitor your margins and potentially re-evaluate your pricing strategy as your audience grows and the market changes. Here are some helpful pricing resources that can help keep you at the right price point.

How to Work With Employees and Contractors

Once your business starts to grow, you’ll need to hire help to scale your business. Find out whether you should hire employees or work with independent contractors.

Collecting Sales Tax

Selling products online means understanding how sales tax works. Use these resources to ensure you’re on the right track for collecting sales tax during the year.

Ecwid and Taxes

Beyond sales tax, there are some basic tax guidelines you should be aware of. Become an expert on what’s expected of you at tax time as an online business owner.

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Now you have a clear understanding of what you need to do to make the tax man happy and get your e-commerce accounting in order.

About The Author
Jesse is the Marketing Manager at Ecwid and has been in e-commerce and internet marketing since 2006. He has experience with PPC, SEO, conversion optimization and loves to work with entrepreneurs to make their dreams a reality.

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