e-Commerce Clients

Modern Accounting for E-Commerce Sellers

SavvySum provides an automated bookkeeping & accounting solution for e-commerce sellers. We manage the latest accounting technologies that automate the transactional data entry. Providing you with instant access to your financials & the ability to create insightful financial projections for your business.

Cash Management

Cash Management

SavvySum will help you with inventory management, lines of credit, & how your supply chain payment terms impact your business's gross burn, net burn, and cash conversion cycle.

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KPIs

KPIs

Some Key Performance Indicators (KPIs) for e-commerce: Customer Acquisition Cost (CAC), Gross Margin (GM), Inventory Turnover, Conversion Rate, Average Order Value & Customer Lifetime Value (CLTV).

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E-Commerce Accounting Tech Stack

E-Commerce Accounting Tech Stack

The ability to automate thousands of transactions will be your secret sauce. Services like A2X & Shopify integrated to Xero are a must. We will help you implement & maintain your accounting tech stack.

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Human Resources

Cash Management

e-commerce companies need a core HR system that can 100% digitally onboard your employees, act as your HR system of record, make expense reporting a breeze, & talk to your accounting system. If you have hourly employees a system like T-Sheets is great at tracking time, and you need to navigate your State's employment laws on exempt vs. non-exempt employees.

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Sales Tax

Yes, sales tax is important. If you have a nexus (connection) to a state, you very likely owe sales tax on the product sold in a state. In the old days, states determined a nexus if the company had employees or an office in that state. Now states are broadening the definition of nexus. For example, Fulfillment by Amazon (FBA) physical warehouses create a nexus in dozens of states. SavvySum can help you determine if you have a nexus. Don't worry if you are behind on sales tax reporting as we are happy to assist.

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Dedication: Phone & e-mail support.

  • full-charge bookkeeping to maintain your e-commerce accounting systems; plus, record-keeping for your payables, payroll, accounts receivables & expense reporting.
  • Controller oversight to ensure the accuracy of your financial statements to enable us to extract meaningful KPIs. We need to answer two questions: What happened? & Why did it happen?
  • A fractional CFO to help you answer two more questions. What will happen? & How can we make it happen?

We have experience and enjoy the challenge.

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