Managing your shop’s financials does not have to be painful or time-consuming. One of the biggest mistakes sellers make is not learning how to read and interpret their financial statements. You need to take out time to educate yourself about your store.
Konga offers free training on accounting 101, this class involves the basics of book keeping and managing your cash flow.
Here are a few TIPS to Book- Keeping:
- Look for a bookkeeping software that integrates well with your store.
- To avoid being overwhelmed by the numbers, keep your spreadsheets short.
- Pay special attention to cash flow.
- Set out time on your calendar to look over books on a regular basis.