Deuzeman CPA will work with you to set-up a smooth bookkeeping process that is tailored to your unique e-commerce business. You will work with at least one dedicated bookkeeper who will intimately understand your business and you will be able to focus on running your business and no longer worry, get distracted or scramble when it comes to bookkeeping and accounting.
Deuzeman CPA works with start-ups, companies generating $10M to $15M in sales and more. But most e-commerce businesses start needing help when they are generating $75,000 per month in sales. E-commerce businesses generating this much in sales are too big for Excel and manual processes that are susceptible to human error.
You need to understand the difference between your top-line sales and bottom-line profit by having full visibility into a set of financial statements that accurately represent the underlying activity of your e-commerce business. You also need to better understand by having a full visibility into a set of financial statements that clearly show you where all your money is coming from and where it is going.
You will need to present the bank or investors with professional, accurate monthly financial statements if you want to be taken seriously. And if you plan on selling your business within the next five years then you better start generating a history of professional interim financials now. An e-commerce business that has a history of professional interim financials will almost always be able to sell for more and it will definitely make the process a lot easier.