This video demystifies gross and net revenue for ecommerce businesses. Through a relatable bucket analogy, Stephen highlights the total sales as gross revenue and the actual earnings after costs as net revenue.
Using real-life examples from platforms like Shopify and QuickBooks Online, he sheds light on important factors such as discounts, returns, and taxes.
Learn why understanding these concepts is pivotal for making informed decisions in your e-commerce journey. Remember, it's not just about earnings, but what you retain.
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🔥 When you are ready to outsource your ecommerce accounting, choose the ecommerce-specialized experts at LedgerGurus. We can help you build your business with better numbers.
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21 авг 2024