Accounting, Finance & Legal E-Commerce Blueprint

by Kristen Pinkman

Table of contents:
Back to the library

Introduction

This is a directory for educational resources from the Ecwid blog covering most common questions small business owners may have on legal, accounting and finance. It includes articles devoted to:

  • Business registration
  • Separating your personal and business finances
  • Tracking expenses
  • Pricing your products
  • Hiring employees and contractors
  • Collecting taxes.

You will find educational resources that help can you manage your finances and make sense of small business accounting for your e-commerce business so you can sail through tax season as easily as possible.

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.

Conclusion

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

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