Shopify is a Canadian multinational e-commerce company based in Ottawa. It is also an online e-commerce platform for online store and retail POS systems. Online retailers are offered a variety of services, “including payments, marketing shipping, Shopify expense tracking, and customer engagement tools to simplify the process of running an online store for small merchants.”
If you are already an online seller or going to start your e-commerce business, the success and failure of your business will largely depend on Accounting as it will only provide information about the financial health of your business.
Timely information on your profits and losses, available cash at your disposal, costs and earnings, assets and liabilities, inventory status, and tax liability can only help you make the right decisions from time to time.
Shopify can be conveniently integrated with QuickBooks and Xero. Suppose you just started an online Shopify store and already have an ERP for an existing business, there may be a need for integrating these two systems for your business growth for
Shopify businesses are normally run by an individual or maybe with another handful of people. More importantly, all Shopify online sellers require to drive their own traffic. It is imperative that most of the owners are busy managing their sales and marketing activities while bookkeeping and accounting activities go for a toss and sail through their business journey blindfolded.
Reasons for outsourcing and engaging external accounting services are
IMC is your preferred solution as a startup or small business owner. Our experienced Accounting team will be at your support every time you need apart from regular accounting hours scheduled for your services.
All common mistakes and associated challenges with Shopify will be taken care of by us and help you grow your business. IMC Accounting team offers timely information on cash flow status and sales tax compliance needs, and promising access to top-notch accounting software for drop shippers without making a purchase.
Book a consultation appointment with our professionals now.
Book a consultation appointment with our professionals now.
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