The 6 most important accounting reports for our online store

Poster
Message
United States United States
Tej R
Kudos: 170
Joined: Feb 17, 2015
The 6 most important accounting reports for our online store
16 Mar 2015
We may hate accounting, but we can't ignore it. Maintaining and tracking the right reports is crucial.

Am sure we all know of the all important 'Profit/Loss report', but there are some other key reports which can’t be overlooked.

Here are the 5 most important accounting reports gathered from feedback from hundreds of eCommerce businesses: I have filled the reports with sample data to illustrate the examples:

1. Cost of Goods Sold


2. Sales by Product


3. Sales Tax Liability Report


4. Income Statement


5. Balance Sheet


For full details on reports - what are they and their importance/impact on your business, read my full blog post: 5 Accounting Reports Every eCommerce Business Needs

[Last edited: 18 Mar 2015]

XSellco
Volo
Selro
StoreFeeder