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This video is for you if you're running an online business and need help with e-commerce accounting. The video begins by explaining what e-commerce accounting is and the key components involved. You’ll learn about the two primary accounting methods—cash basis and accrual accounting—and when to use each. Next, the video explains the five essential steps to streamline accounting for your e-commerce business, starting with selecting the right accounting software. We’ll discuss the features you should look for and how to effectively track your sales, expenses, and inventory. You’ll also learn how to reconcile bank accounts and generate accurate financial statements. To simplify your accounting tasks, the video explores integration tools like SaasAnt PayTraQer and QuickBooks cloud sync that make your workflow more efficient. By the end, you'll have a clear idea of how to manage your e-commerce accounting. Stay tuned for expert tips throughout the video! Table of Contents: 00:48 - What is e-commerce accounting? 01:17 - Components of e-commerce accounting 02:53 - Accounting methods for e-commerce 03:13 - Cash basis accounting 03:32 - Accrual accounting 03:57 - How to do accounting for an e-commerce business? 04:24 - 5 steps to do accounting for e-commerce business 04:33 - Step 1: Choose the best accounting software 05:00 - Features to identify in an accounting software 06:49 - Step 2: Track sales and expenses 07:34 - Step 3: Monitor Inventory 09:30 - Step 4: Reconcile Bank Accounts 11:06 - Step 5: Generate Financial statements 11:36 - SaasAnt PayTraQer and other integration software with QuickBooks 12:00 - QuickBooks cloud sync 12:06 - Conclusion For more details, Read our blog: https://www.saasant.com/blog/ecommerc... Join 650+ happy customers who have shared their positive experiences with PayTraQer. Check out their reviews in the QuickBooks App Store - https://intuit.me/3VSfXKF LinkedIn: https://bit.ly/45JiN8T Facebook: https://bit.ly/3C9Exx6 Twitter: https://bit.ly/43JekkW For more information, Visit https://www.saasant.com Email: support@saasant.com Call: 1-619-377-09777 (Mon - Fri, 9 am to 6 pm EST). #ecommerceaccounting #ecommerceaccountingbasics #accountingtipsforecommerce