The Importance of Completing a Physical Year End Inventory
It’s time to start thinking about year end tasks. One task that can often be overlooked is completing a PHYSICAL year end inventory. What does that mean?
It’s time to start thinking about year end tasks. One task that can often be overlooked is completing a PHYSICAL year end inventory. What does that mean?
One of the biggest, and most common, mistakes I see retailers making when doing their own bookkeeping, is marking all of their Shopify deposits as “Sales/Revenue” in their bookkeeping software or spreadsheets. Today’s post is going to take a deeper dive to help you understand how you SHOULD be recording those Shopify deposits in your bookkeeping.
As a boutique owner, bookkeeping can be hard. But staying on top of your bookkeeping records throughout the year, will help you have a stress free tax season.
If you are currently managing your own retail bookkeeping, but have NO idea if you’re really doing it right. You may just need a bookkeeping coach.
This week, I’m doing something a little different. Instead of going more in depth on a specific topic, I’m going to highlight a couple of my most popular bookkeeping resources that have helped boutique owners just like YOU feel more confident in managing their own bookkeeping.
Which reports in Shopify will show you bookkeeping records you actually need?
Deposits from Shopify or any other payment processor are not just your “sales”. They can represent up to 6 separate bookkeeping items.