Online sellers should take a close (and constant) look and see which assets are most important to their business at any given time. Here we’ll go over fixed, digital, physical, and monetary assets – the four main asset types that ecommerce companies should be aware of.
Understanding your expenses is essential to the survival of any ecommerce business. Here’s a breakdown of what you should be tracking.
Liabilities pile up in the daily activities of any business, and no successful ecommerce seller is immune to them. To help, we have broken down some of the most important liabilities to watch out for.
One of the biggest reasons why ecommerce businesses fail, is that they don’t know how much they’ve spent on unsold inventory. To avoid this problem, a good idea is to keep a well organized chart of accounts.