What is a General Ledger? Reading and understanding the General Ledger report is an essential skill for each business owner. If you run a company, you need to know what the financial transactions are and how they are reflected in the books. At What a Figure! Accounting we will review the following questions: What is …
What is the Purpose of the Trial Balance? If you are unsure what is the purpose of the trial balance, or wandering how it differs from the balance sheet, read on. At What a Figure! Accounting we will walk you through the following questions: What is a Trial Balance? How does it work? What is …
What is the Purpose of the Trial Balance? Continue Reading »
What is the Statement of Owner’s Equity? The Full Guide with Examples! Statement of Owner’s Equity is one of the most important financial reports alongside the Balance Sheet and Profit and Loss. At What a Figure! Accounting we will cover all you need to know about this financial statement: What is the owner’s equity? How …
What is the Statement of Owner’s Equity? (Full Guide with Examples) Continue Reading »
How cost of goods sold is calculated (+relation to inventory) If you’re new to Cost of Goods Sold (also called Cost of Sales) and inventory accounting or have been avoiding it because of all the jargon, at What a Figure! Accounting we will help you understand it. We will discuss all you need to know …
How to Prepare an Income Statement? The 8 basic steps (+FREE template!) The Income Statement (in some countries called Profit and Loss) is a crucial part of financial reporting. It could help you understanding both your business as well as personal finances. This article will help you with the following: How to calculate my profit? …
How to Prepare an Income Statement? The 8 basic steps (+free template!) Continue Reading »
How to Read a Balance Sheet? The 6 Most Important Steps. Do you know how much money you would have if you sold everything in your business and paid all your bills? Understanding the balance sheet is an essential skill for every business owner and it will give you answers to the above. At What …
How To Read A Balance Sheet? The 6 Most Important Steps. Continue Reading »
Whether you just became an E-commerce Seller recently or you are a veteran, understanding financial statements are essential for every business. What are the most important ones and what are the benefits of the others? How to read and understand them? Finally, why financial reporting is crucial for a successful business? At What a Figure! …
What Do Financial Statements Include? (8 Reports – Complete Set) Continue Reading »
Summary: Dealing with online sales manually is overwhelming or even impossible. At What a Figure! Accounting we believe that Xero accounting software is one of the best solutions for effortless e-commerce bookkeeping. In this article, we will review possible ways of connecting your web store with Xero to make your life easier! Connecting Shopify web …
Xero Accounting: How to integrate your web store Continue Reading »
Summary: Each online marketplace has its specific rules, requirements and audiences. So if you want to be sure you’re making the right decision, do some research before you start. At What a Figure! E-commerce Accounting we will help you to make the right choice. Important things to consider before you start selling online on a …
Online marketplace: how to choose the best one for your business Continue Reading »
Summary: Today, more and more sellers want to reach their customers online. However, there are plenty of concerns one should be aware of when starting a web store. Most importantly, if your web store is not user-friendly it could literally ruin your online business. Follow our 7 simple advice at What a Figure! Ecommerce Accounting …
Web store: 7 must-have features for success Continue Reading »
