Ida Peters

Many e-commerce sellers can feel overwhelmed when it comes to the topic of sales tax. Understandably so, as the sales tax rules for online sellers have another layer of complexity when compared to sales tax rules for brick and mortar businesses . This is because e-commerce sellers are often selling to people in different states or even different countries, and each location has unique rules about collecting sales taxes, which have to be reconciled. That can get very complicated indeed, so in this blog post, I’ll break down the 5 essentials every e-commerce seller should know about sales tax. Watch the video linked below on 5 Essentials every e-commerce seller should know about sales tax: #1 – The Rules Have Changed You can’t rely on anecdotes from social media, forums, or friends and family. Tax rules are always changing and following outdated rules can get you in big trouble . Make sure you’re getting your information from an up-to-date accounting expert or a credible source

There’s no denying this is a challenging and unprecedented time for small businesses. Across the country (and the world), many businesses have been forced to shut their doors. If you’re used to doing the majority of your business in-person, you’re probably trying to brainstorm ways to drive revenue and keep your business moving forward. Moving […] The post Moving Your Business Online: The Essential How-To Guide appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

It took me six hours, but after going through my bank statements, sifting through my receipts, and classifying my expenses in an Excel spreadsheet, I was finally ready to send six months worth of information to my tax consultant. But, I wondered: Had I classified my business expenses correctly? Did I miss something? Would I […] The post Accounting Software Is Essential in Lean Times appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

As small businesses continue to adjust to the “new normal” caused by COVID-19, the team at FreshBooks has been working on new releases. Here’s a look at the product updates from April. Customize the Email Attached to A New Invoice Have you ever wanted to personalize the message attached to a new invoice? Now you […] The post New & Improved in FreshBooks: Redesigned Report Filters, Custom Invoice Emails and More appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

Has COVID-19 totally transformed the way your business operates? Maybe you’ve started moving more of your business online, or are finding new ways to win clients, or have been navigating relief fund applications. If you’re feeling isolated or worried about the survival of your business, just know that you’re not alone. And to help you […] The post New: Features to Help Your Business Through COVID-19 appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

We’re living through tough times, to say the least. As a result of social distancing, small businesses have to rethink how they connect with their customers. This has been especially prevalent in the non-essential retail space; many business owners closed their doors in the wake of recent government announcements. These changes have led to an […] The post New FreshBooks’ eCommerce Integrations Help You Transition Your Business Online appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

If you’re an online seller, there may be several options when it comes to tracking your inventory. But, should you track your Shopify inventory in QuickBooks Online ? The answer is… well… it depends. In this blog post, I’ll go over the basics when it comes to tracking Shopify inventory in QuickBooks Online, and discuss the best options. Click on the link below to watch my video about whether you should track your Shopify inventory in QuickBooks Online: The basics on tracking Shopify inventory in QuickBooks Online Let’s go over some basics that you need to understand to track your Shopify inventory in QuickBooks Online. One thing you have to understand is when you track your inventory in Shopify, you’re only tracking inventory quantities not cost. For accounting and tax purposes, you need to track the inventory quantity and cost so you can reflect a dollar amount in QuickBooks. One of the most important things you need to understand is that QuickBooks Online inventory is not

Scaling your business means increasing revenue at a faster rate than your expenses. In other words, making more profit. In this eBook, we’ll show you: What a scaling plan looks like How to spend money wisely to bring your plan to life The steps to put the plan into action Scaling Starts with a Great […] The post How to Scale Your Business [Free eBook] appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

  Pricing is a big challenge for many bookkeepers. I’ve certainly had my share of pricing challenges, especially in the early years of my business. One major lesson learned, is that the wrong pricing model can really hold you back. In working with thousands of bookkeepers, and learning through my own ‘pricing journey’, I have compiled a list of five of the biggest pricing mistakes bookkeepers make, and how you can overcome them. Click on the link below to watch my video: The biggest pricing mistakes bookkeepers make #1 – Charging by the hour Charging by the hour seems to be the default option for most bookkeepers, especially when you’re first starting out. Often, it’s because it’s what we have the most control over. We think, “Okay, I’ll work ‘X’ many hours and I’ll charge ‘Y’ dollar amount per hour.” There are a few problems with this pricing mindset. First of all, it initially takes you much longer to do something because of the learning curve and getting used to how the

There’s no denying that the coronavirus is changing the way we work. As a result of COVID-19, small businesses are having to rethink the way they connect with their customers—and, in many cases, rethink the way they do business altogether. But the current climate does offer an opportunity to think outside of the box and […] The post 7 Strategies For Diversifying Your Income appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

Accounting for online sellers is unique. Finding a good Amazon and Shopify accountant who understands those unique needs can be challenging. It is important to know the right questions to ask when interviewing accountants to handle the financials for your e-commerce business. I’ve come up with a comprehensive list of questions to help you in finding an e-commerce accountant who understands Amazon and Shopify . Watch my video: Finding an e-commerce accountant who understands Amazon and Shopify Here is my list of tips and questions you should ask so you can find the right pro to help you: 1. E-commerce knowledge and experience There’s a sharp learning curve with E-commerce accounting, and you don’t want someone learning on the job with your books. Ask the accountant if they have experience with Shopify, Amazon, Etsy or whatever sales channel you’re selling on . 2. Challenges with various sales channels Ask them what challenges their clients are experiencing in different sal

Accounting for online sellers is unique. Finding a good Amazon and Shopify accountant who understands those unique needs can be challenging. It is important to know the right questions to ask when interviewing accountants to handle the financials for your e-commerce business. I’ve come up with a comprehensive list of questions to help you in finding an e-commerce accountant who understands Amazon and Shopify . WATCH MY VIDEO ON FINDING AN E-COMMERCE ACCOUNTANT WHO UNDERSTANDS AMAZON AND SHOPIFY HERE IS MY LIST OF TIPS AND QUESTIONS YOU SHOULD ASK SO YOU CAN FIND THE RIGHT PRO TO HELP YOU 1. E-commerce knowledge and experience There’s a sharp learning curve with E-commerce accounting, and you don’t want someone learning on the job with your books. Ask the accountant if they have experience with Shopify, Amazon, Etsy or whatever sales channel you’re selling on . 2. Challenges with various sales channels Ask them what challenges their clients are experiencing in different sa

You’re probably already familiar with the ways to track expenses on FreshBooks today: You can enter them individually in your account You can import them automatically from your bank And you can even take a photo of a receipt on-the-go But when it comes to tracking down a specific expense you recorded a few weeks […] The post Find It Fast: Advanced Search for Expenses appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .

In today’s economy, one thing’s for certain: Jobs don’t grow on trees. This is especially true if you’re a freelancer. In this eBook, you’ll learn: What it’s *really* like to have a freelance career Where to find freelance jobs online How to stand out from a sea of competitors How to Set Yourself Up for […] The post 75 Websites to Find Freelance Jobs in 2020 appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners .