E-commerce Accounting
If you are running an e-commerce business you face all the same issues as any other business – and more besides. Having an online business brings with it efficiencies that will help to save you time and money but equally there are challenges that traditional bricks and mortar businesses don’t face that you have to deal with. Marketing your store can be more time consuming for an online business, and any time saved by efficient in other area will most likely be swallowed up marketing. Unlike a store with a physical presence your online store will essentially be invisible without an e-commerce marketing strategy. And of course you have a far greater geographical reach and could therefore have to deal with the VAT implications of cross border transactions and potentially VAT registrations in other jurisdictions.
