Patrick Rauland
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July 26, 2023
Running a business is hard. Running a cash-intensive business like eCommerce is even harder. Many eCommerce businesses close shop not because they aren’t selling products but because they run out of cash and can’t order more inventory.
Small businesses have a limited budget, so every dollar you spend matters. By having a solid financial understanding of your business you can make sure you’re spending dollars where they’re most beneficial. That’s exactly what accounting will help you do.
Let’s explore the essentials of eCommerce accounting and how the right financial practices can grow your online business.
Post by Patrick Rauland
Patrick loves entrepreneurship and teaches eCommerce, marketing, and WordPress courses at LinkedIn Learning. He’s also developed both eCommerce and membership software. When he’s not in front of a screen he loves to paint tiny toy miniatures.
