{"id":6271,"date":"2021-07-02T08:14:54","date_gmt":"2021-07-02T08:14:54","guid":{"rendered":"https:\/\/synder.com\/blog\/?p=6271"},"modified":"2024-10-07T09:05:02","modified_gmt":"2024-10-07T09:05:02","slug":"ecommerce-accounting-study-case","status":"publish","type":"post","link":"https:\/\/synder.com\/blog\/ecommerce-accounting-study-case\/","title":{"rendered":"How to grow your e-commerce business successfully with Synder"},"content":{"rendered":"\n

Learn more about Synder accounting software and how to open a successful e-commerce business when you have no time for bookkeeping.<\/p>\n\n\n\n\n\n\n\n\n

Spend your time with relatives, friends, or just by yourself, while Synder automatically does all the accounting work!<\/p>\n\n\n\n

Have you ever thought of yourself as your own boss with a small eBay or Amazon store, or maybe even something more extensive? Or perhaps you already own your own business? In both cases, you need to have a clear goal for what you want to achieve and the path you will follow to get there. <\/p>\n\n\n\n

Without these two plans in place, you won\u2019t be able to think through the best course of action for your e-commerce business. So let\u2019s discuss the issues you may encounter when running a business and how to avoid any unforeseen troubles. And also, learn more about how Synder software helps you with accounting. <\/p>\n\n\n\n

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Contents:<\/b><\/p>\n\t

E-commerce business: First steps<\/a><\/p>\n\t

No time for the bookkeeping<\/a><\/p>\n\t

Bottom line: Enjoy the fruit of your labor<\/a><\/p>\n\n\n\n

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E-commerce business: First steps<\/strong><\/span><\/h2>\n\n\n\n

Let’s say you have your own little store on an online platform, and you want to get more people to know you and become interested in your product. You are promoted by advertising or good feedback from customers, who are lucky enough to have ordered a product from you. <\/p>\n\n\n\n

It is understandable that, as a result, the demand for the product increases, and with it, the information that you need to keep for the subsequent financial calculation of your income. At first, you try to keep manual documentation to be sure of all the numbers, but they keep growing. Still, there are 24 hours in a day, and you only have two hands and eyes. There may be a situation where you don\u2019t even pay your taxes on time<\/em> because of the hustle and hassle. So what do you do in this situation?<\/a> <\/p>\n\n\n\n

First things first:<\/strong> do not fall into despair, as this can make the situation worse. There is a way out of even the worst situations. In such hard times, Synder software<\/a> will be your magic wand. Additionally, you can check out this article on best practices for e-commerce businesses<\/a>. <\/p>\n\n\n\n

No time for the bookkeeping<\/strong><\/span><\/h2>\n\n\n\n

One of the biggest problems for every e-commerce seller is that there is simply no time for all this paperwork<\/em>. It\u2019s relevant and maybe even satisfying to observe all this progress you\u2019ve made since you started, but it is impossible to sit back and enjoy it, when you have dozens of transactions to check. <\/p>\n\n\n\n

The solution is to get acquainted with accounting software and make it your right hand. You may have already heard about accounting platforms or even used one of them to help you with all the financial statement calculations before. If so, it will be easier for you to sign in to Synder<\/a> <\/strong>\u2013 accounting software that will help you categorize all your transactions. This software will store payouts, invoices, and other payments to simplify accounting experience<\/a>. <\/p>\n\n\n\n

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\"Synder<\/figure>\n\n\n\n

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You will be provided with four options<\/strong>:<\/p>\n\n\n\n

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  1. Sign in with Intuit.<\/strong> Your account will be connected to your QuickBooks Online<\/a> account\u2019s email. For your next sign-in, you always have to choose this option. If you try to enter your login and password from QuickBooks<\/a> into Synder, you\u2019ll get an error.\u00a0<\/li>\n<\/ol>\n\n\n\n
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    1. Sign in with Xero.<\/strong> The process is pretty similar to the previous one. Your Synder account synchronizes with the email from the Xero<\/a> account.\u00a0<\/li>\n<\/ol>\n\n\n\n
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      1. Sign in with Google.<\/strong> Synder will use your active Gmail account to sign you in.<\/li>\n<\/ol>\n\n\n\n
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        1. Create an individual login and password for your Synder account.\u00a0<\/strong><\/li>\n<\/ol>\n\n\n\n

          Synder advantages<\/em> will help you to:<\/p>\n\n\n\n