We’ve got a quick but extensive accounting lesson for you today from Catching Clouds co-founder Scott Scharf. As an eCommerce accounting expert, Scott gets to see the inner workings of dozens of eCommerce businesses — and he’s here to tell us what separates the good from the great and offers up his best eCommerce accounting tips.
As more and more businesses move online, accounting becomes more and more challenging for the advisors who support them. This half day session will provide an overview of the e-commerce world and focus on the accounting processes and technologies needed to support e-commerce businesses. We will cover a wide range of topics including marketplaces, shopping carts, merchant services, cloud inventory, sales tax, and e-commerce cloud tools. – Overview of e-commerce businesses – startup, Amazon, retail arbitrage, multi-channel, drop shippers, B2B – Updates on e-commerce technology – cloud accounting, cloud inventory, sales tax management – Accounting process and challenges – COGS & inventory, reconciling merchant services, managing volumes of data – E-commerce accounting best practices and tips – Delivering value to online business owners
Xerocon San Francisco 2016
Patti presented Identifying and Preventing Common Errors in the Product Mastery track while Scott presented The FYI on the API.
Understanding Your Sales Tax Risk
Frequently, businesses who are selling online don’t have a clear understanding of their sales tax risks until it’s too late. Knowing your sales tax obligations now will protect your business from hairy audits and big fines.
Join the Taxify team for a discussion with Scott Scharf, Co-Founder of Catching Clouds, and Charles Maniace, Director of Tax Research at Taxify, to get a better understanding of your sales tax liabilities.
The discussion will answer questions like:
Is your business at risk for an audit?
When do you need to comply?
How do you measure your risk?
How do you deal with tax gaps?
What can you do now to protect the future of your business?
Digital Exits Podcast 6/15/15: Ecommerce Accounting with Scott Scharf