Sage Intacct: Ecommerce Accounting

The e-commerce industry is one of the fastest growing industries in the world. E-commerce businesses contributed $1.35 trillion in the United States gross domestic product in 2017. This sudden growth means that online companies like yours are bound to face growing pressure to handle your finances better. Sage Intacct can provide you with excellent e-commerce accounting features to help you monitor and manage your business. From reports and dashboards to automated billing, Sage Intacct can give you these and more. At the same time, our team of e-commerce CPAs can help you figure out how to maximize these features.

Streamline E-commerce Accounts Payables

A significant part of e-commerce accounting are debts such as accounts payables. Sage Intacct can help you streamline your accounts payable management by eliminating inefficient workflows. By doing so, these features can help you save hundreds of hours and thousands of dollars every year. Sage Intacct provides a point-and-click configuration that follows metrics set up by you. This platform allows you to track and view reports on your payments and approvals. Our ecommerce accountants can then help you make sense of these numbers. You can also see your total accounts payables and compare these with your vendor reports. Additionally, you can check register reports throughout your business in real-time.

By allowing you to create customized automated processes, Sage Intacct gives you more control and ensures better accountability. Sage Intacct gives you the power to create workflows and within a single platform. Furthermore, you can envision the entire accounts payable process. And set spending limits based on your budgets. The software’s Vendor Payment Services work in conjunction with American Express Global Commercial Structure to make the process of accepting credit card payments quicker and safer. You can decide when, what, and how to pay your vendors.

Better Cash Flow Management

Cash management provides your e-commerce business a complete picture of where your cash is and how much working capital you currently have. Sage Intacct, gives you not only this information, but also insights on how you can improve your cash flow. This platform allows you to see all types of payments and transactions from different sources, such as checking to savings accounts, credit cards. The software is also compatible with a variety of other financial entities and locations. This allows you to automatically import transactions from your bank or financial institution, helping you reconcile your accounts in just minutes. Accounting Sage also provides reports to help you find bank errors, prevent frauds, and control your account balances.

Our team of e-commerce CPAs can provide you with high-level e-commerce financial advisory services to help you get a clearer picture of your current financial situation. Part of the e-commerce CFO advisory services we offer is helping you understand the ins and outs of platforms like Sage Intacct. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!

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This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.