You sell on Shopify.
You have full control of your ecommerce business. You've set up your online store on Shopify and are taking advantage of the cloud to sell your products 24/7 around the world. Unfortunately, most accountants don't understand the dynamics of your business. But we do.
Here are your challenges:
- Running the Business - you're running the whole show - sourcing product, handling customer service, marketing, competition, and maybe even hiring help. You're in charge of everything, and sometimes that makes it difficult to do everything well. You sometimes wish you had a sounding board to help ensure you are headed in the right direction and using the most of your time and resources.
- Marketing / SEO - before your customers can decide which of your products they want to buy, they first need to be able to find you. You struggle with knowing how much money to spend on search engine optimization, Google Adwords, and other online marketing tools. You want to spend enough so that customers know about you but not so much that you're wasting money.
- Customers and Fulfillment - you live and die by your listings and pricing. You struggle with pricing/repricing, wrestle with managing returns, and work hard for the best customer feedback you can get. You want to get orders to your customers as quickly and painlessly as possible without it costing you an arm and a leg.
- Cash Flow - it's challenging to know when you should be investing in more inventory, paying yourself more, increasing your marketing, or setting money aside for future needs. You need guidance on managing multiple credit cards, alternative financing (i.e., Kabbage or PayPal loans), or getting a bank loan.
- Accounting - you may know if you're making a profit on what you sell, but you don't know if that's enough to support your overhead or the growing inventory needs for your business. You don't know if you're profitable overall, and you don't know which of your products is making the most money.
- Sales Tax - you have to collect sales tax for sales in states where you have "nexus," and of course, you then need to remit it to the government. It's just one more headache you don't have time to deal with.
Shopify Accounting Services
Catching Clouds provides a complete outsourced ecommerce accounting service for your Shopify business.
Ecommerce consulting - ongoing business, technical, and process optimization guidance
Setup of integrated cloud accounting, cloud inventory, sales tax, and supporting tools
Virtual controller service
We're like no accountants you've ever met.