Choosing an online accounting for eBay sellers
There is a great deal of e-commerce buzz focused on Amazon, Google, and Alibaba in recent years. Surprisingly, a company as great as eBay is not sharing the spotlight. Though it is under the radar, eBay is estimated to have a little over 25 million sellers as of March 2015. Imagine how much more that number has increased in the past five years.
That said, we cannot ignore the fact that sales on eBay have been slow recently. Judging from the numbers, you would think competition is the root course of this setback. This is, however, not the case because, for every seller who’s experiencing downtime, there is another who is experiencing an uptick in sales.
We understand that each business requires custom bookkeeping and accounting needs. Even though you share a sales platform, what works for one business person might not be what your business needs. Our trained and certified accountants have an eye for details that they’ll help you identify your business’ performance and financial indicators.
By making the right decisions at the right time, you can keep your business afloat regardless of the season.
Why Sell on eBay?
We’ve already established that eBay is a massive selling platform. However, this cannot be the only reason why you choose it as your ideal selling platform. Why would you want to choose eBay over Amazon, which seems to be at the center of all attention?
Well, Amazon and eBay are both successful online selling platforms, but they’re differences in how they operate. For starters, customers definitely get different shopping experiences from Amazon as compared to eBay.
Whereas Amazon focuses on providing a platform for standardized brands, eBay allows you to sell unique and handcrafted items. eBay is suitable for any entrepreneur who’s trying to monetize their talents and skills. Many people are on the lookout for unique deals and eBay allows you to meet them at their point of need.
Another major reason you should sell on eBay is that it allows you flexibility which any business person needs to thrive. Aside from the categories available on the platform, you have the option of adding hand-generated listings for anything you want to sell.
Not to mention that you have the liberty to use customized text and images to market your business. This, together with the freedom to set your own shipping and return policies is all a business needs to ensure that they deliver as per their customers’ expectations.
Did you know that Amazon buyers have to wait 14 days to have access to revenue? This is not the case for eBay because, with your PayPal account, you get immediate access to revenue as soon as a customer pays.
This is not to say that eBay is better than Amazon, but it’s clearly more convenient for a business person who’s just starting off. Business is all about knowing what you want; from there, you can easily choose a suitable platform that supports your business needs.
Why Accounting is Essential for all eBay Sellers?
Many amateur entrepreneurs think that competition is the biggest challenge they’ll ever face. Well, they’re wrong because financial accountability is. Not many business people talk about finances when it’s clearly at the core of any business’ success.
Although, it’s quite important to be on top of your game in matters branding, make sure you don’t forget that balancing the books is what will keep you afloat. The good thing about eBay is that it allows you to have an online presence as a seller. Unlike most online selling platforms that interact with customers on your behalf, with eBay, you can establish a brand image.
This platform’s link policy is all you need to generate more traffic and ultimately convert prospects to customers.
Since the platform has your business’ marketing covered, you need to focus on accounting. Because you get immediate access to revenue, you can easily misappropriate funds. You need a reliable online bookkeeping services that helps you keep track of your profits.
Instead of hiring an in-house accounting team for this and so much more, you should turn to Solvers Accounting. This will obviously help with cost-saving seeing as outsourcing accounting is way cheaper than hiring a full-time, in-house accounting team.
As a professional accounting company, we will help you free up time and focus on the core responsibilities of the business. To make informed decisions when it comes to e-commerce, you need real-time data. With our dedicated team, you don’t have to put off bookkeeping which we all know, put’s your business at risk of collapsing.
What you stand to Gain by Working with Solvers Accounting
Solvers Accounting is the solution online business people have always been looking for. We saw a gap in the market and we dedicate our time and resources to filling it. As a platform organisation, eBay is among the many platforms enabling e-commerce, and there is no doubt that it is contributing to the gig economy as well. Accounting has greatly transformed since the birth of the gig economy because it’s no longer business as usual.
Our outstanding online accounting services are tailored to cater to your business’ unique needs. Here is what you stand to gain by working with your expert team;
- A principled team dedicated to quality management and timely response
- Excellent quality bookkeeping and accounting services
- Unmatched turnaround times
- Cost reduction as well as efficacy
- A trained qualified accountants
We are a leading outsourcing accounting firm that works with businesses that outsource bookkeeping. Since they utilise the latest technologies in accounting, you can expect nothing short of impeccable work on our part.
With frameworks like Quickbooks, Sage, as well as Xero, you need not worry about the security of your data. We securely collect data that will give you insights into how to better your business.
Contact us today and find out more about what we offer.