SELLING ONLINE VIA AMAZON/SHOPIFY/EBAY ? LET US SIMPLIFY YOUR ACCOUNTING

With events in recent months encouraging businesses to focus much more on selling online, either ‘pivoting’ to start or alternatively just increasing their online activity, businesses have found issues with recording their online sales transactions via Amazon and Shopify etc., as well as  understanding how these relate to their weekly payouts.

Online selling (or ecommerce) has been an increasingly important part of many small and medium
sized business(es) (SME) sales strategy over recent years, and this has only increased and
accelerated since the onset of the global pandemic, as SMEs have pivoted to provide more online
options for customers, including:

1. Takeaway
2. Food/drink subscriptions
3. Online training
4. Consultancy etc.

This has resulted in more activity using online marketplaces and platforms such as Amazon, Shopify,Ebay as well as via businesses’ own websites. Whereas some platforms handle the issue of payment processing directly (Amazon, Shopify), others (including sales via own websites) will also require the use of a separate payment gateway provider such as Worldpay, Paypal, AMEX, Stripe etc.

See our guide to simplify and better understand online sales transactions (and the costs of selling via Amazon or Shopify etc.) !

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