Vino Cammino Pty Ltd’s Post

Do you know the financial health of your business at a glance? As a new eCommerce seller, tracking the right metrics is your first step to staying in control. Focus on the essentials: 📌Revenue: What’s coming in? 📌Expenses: What’s going out? 📌Profit: What’s left over? These three numbers will tell you if your business is thriving or surviving. Keep it simple, but keep it consistent. What metric do you wish you understood better? --- 👋Hi, I'm Uyi. If you're a Canadian eCommerce business owner trying to make sense of bookkeeping, tax compliance, and platform integration, you're not alone. I specialize in simplifying these processes so you can focus on growth, not financial guesswork. Let's get your books organized and CRA-compliant – reach out if you're ready to feel confident about your numbers! P.S: I 💗Referrals. --- #eCommerceTips #SmallBusinessFinance #FinancialSuccess

Latest Xero Report: Are Small Businesses Missing Out on Consumer Preferences? According to Xero’s latest survey, 86% of consumers prefer paying with credit or debit cards, but only 68% of small businesses provide this option. Why the gap? High transaction fees, sometimes up to 3.5%, are holding many businesses back. Is this cost worth losing potential sales? The answer might surprise you. Balancing consumer demand with profitability could be the key to boosting your business. What payment options do you offer your customers? #XeroReport #SmallBusinessTrends #PaymentInsights #AccountingAdvice

💼 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝑭𝒊𝒕𝒏𝒆𝒔𝒔 𝒇𝒐𝒓 𝑬-𝒄𝒐𝒎𝒎𝒆𝒓𝒄𝒆: 𝑩𝒐𝒐𝒌𝒌𝒆𝒆𝒑𝒊𝒏𝒈 𝑷𝒓𝒐 𝑻𝒊𝒑𝒔 📊 1. 𝐓𝐫𝐚𝐜𝐤 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠: Record sales, expenses, and taxes meticulously. 2. 𝐒𝐞𝐩𝐚𝐫𝐚𝐭𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞𝐬: Keep business and personal finances distinct. 3. 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐢𝐳𝐞 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬: Organize expenses for clarity. 4. 𝐌𝐚𝐧𝐚𝐠𝐞 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰: Forecast and monitor cash flow regularly. 5. 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬: Match bank statements with records. 6. 𝐒𝐭𝐚𝐲 𝐓𝐚𝐱 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭: Understand and fulfill tax obligations. 7. 𝐑𝐞𝐯𝐢𝐞𝐰 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: Analyze financial reports for insights. Master these bookkeeping essentials for e-commerce success! 💰🚀 #EcommerceFinance #BookkeepingTips #FinancialFitness 📈💼✨

Operating an e-commerce business can be exciting. But it's not just about selling products online. Effective bookkeeping can mean the difference between success and failure. Here are five common bookkeeping mistakes you should avoid: 1. Mixing Personal and Business Finances: Ensure to separate your personal and business finances. It not only helps in accurate accounting but also simplifies tax filings. 2. Not Tracking Expenses:  Every penny counts in business. Accurate tracking of expenses can help you understand your cash flow better and aid in tax deductions. 3. Neglecting Sales Tax:  Sales tax regulations vary. Not tracking or misunderstanding sales tax can lead to hefty penalties. Understand your obligations clearly. 4. Poor Cash Flow Management:  Cash Flow is the lifeblood of any business. Poor cash flow management can lead to insolvency. Monitor your cash flow meticulously. 5. Doing it all Yourself:  Bookkeeping can be complicated. Don't hesitate to seek help from professionals or use software. It saves time and ensures accuracy. Remember, good bookkeeping isn't just about compliance, it's about making informed business decisions. Mistakes can be costly but avoidable. Are there any other bookkeeping challenges you’ve faced as an e-commerce company that you'd like to share? #Ecommerce #Bookkeeping #FinanceManagement #BusinessTips

🛒💼 Navigating the maze of e-commerce accounting doesn't have to be a headache! Whether you're a startup or a seasoned online store, keeping your finances in check is crucial for growth. 🚀 📊 From tracking inventory costs to handling sales tax complexities, the right strategies can make a world of difference. Not sure where to start? Drop us a message! Let's make those numbers work for you, not against you. 💪 #EcommerceAccounting #BusinessGrowth #FinanceTips #OnlineBusiness

If I was going to start an accountancy firm all over again here’s the No.1 thing I’d do… *Listen to my gut* No, I’m not talking about healthy gut bacteria or any of that. I’m talking about that feeling you get when you instinctively know something is good or bad. Too many times I ignored it and I’ve paid for it. Two years ago I wanted to solely provide this service but I bottled it. I went down the accounts/tax/payroll route instead and while I’ve gained some incredible clients, I want to provide more value. So, now I’m listening… Going forward Guide Hustle will only be taking on Ecommerce clients that want to transform their cash flow and reporting. Tracking KPIs, forecasting, annual budgets, bespoke reporting. It’s time to offer unbelievable value for clients without them having to build their own team in house. Give them insights into their business to help them make key decisions. To improve their cash flow to help them reach the next level. Maybe even exit. Time to make a real difference within UK’s eCommerce community. If you have an eCom brand & want to learn more, DM me. Let’s gooooooo! #ecommerce #cashflow #amazonfba #shopifybusiness

Feeling overwhelmed by receipts and tax prep? 🤯 It’s time to simplify! Here are three easy ways to stay on top of your receipts: 1️⃣ Paper File Folders: Old school, but effective! Keep receipts organized by month and never lose track of them again. 2️⃣ Email Organization: If you get receipts in your inbox, set up a “Receipt” folder and automate it! Filters can send vendor emails directly there for easy access. 3️⃣ Receipt Tracking Apps: There are plenty of apps that can help you organize, categorize, and even job-cost your receipts. It’s like having a personal accountant in your pocket! Start building these habits now, and your tax season will be a breeze! Need more tips? Drop your questions below! 👇

You’re recording the expenses that you pay for using platforms like Square or Paypal, right? How can you tell in QuickBooks Online what your real profit is without those? I can show you how.

Seeing people grow and evolve in their businesses is what gets me up in the morning. No joke. Let's face it; for almost everyone in business, the ultimate goal is to get to enjoy the fruits of your labor. I've honed and perfected methods to get my clients' to-do lists done quickly so they can get some of their time back and have peace of mind … every… single… time. Here's what a day in my business looks like: 1 - I'm selling a book on Amazon and it's not listed properly. Can you find out how to fix it and get it done? ✅ 2 - I've scanned in all of my receipts from the last month. Can you enter the expenses into QuickBooks under the correct GL accounts and then balance my checking account? ✅ 3 - I want to email my list at least twice a month. Can you set up and write a newsletter for me? ✅ 4 - I need to call customer service to renew my app. It keeps giving me an error when I try to do it. Can you just take care of it? ✅ Whether the tasks are just plain time consuming or quick, but a lot of them - I can take them off your hands so that you don't have to think about them anymore!

🚨 Avoid These 6 Common E-Commerce Accounting Mistakes! 🚨 Running an e-commerce business? Make sure you're not falling into these common accounting traps. Mixing personal and business finances can lead to confusion and tax problems. Miscalculating your cost of goods sold affects your profitability. Ignoring tax obligations can result in hefty penalties. Delaying bookkeeping until tax time creates stress and increases the risk of errors. Inaccurate inventory tracking disrupts your operations and cash flow. Lastly, neglecting cash flow forecasting can lead to unexpected financial shortages. Check out the picture for detailed explanations on each point. Stay organized and proactive to keep your business thriving! 💼📈 #Ecommerce #Accounting #BusinessTips #FinancialManagement #EcommerceAccounting #AmazonAccounting #TikTokAccounting #ShopifyAccounting