Atlanta online course accountants,

Understanding Tax Planning & Bookkeeping For Your LearnDash Courses

LearnDash is a popular online course business software plug-in for WordPress. It is used by universities, training organizations, Fortune 500 companies, and entrepreneurs to create learning content. It can add educational resources on your existing WordPress website or create a complete Learning Management System.

LearnDash Features and Options

LearnDash lets you create unlimited courses using a simple drag-and-drop interface. LearnDash also integrates with PayPal, Easy Digital Downloads, WooCommerce, or Stripe for easy payment processing.

This online course business software may simplify your role as administrator as it allows you to monitor user’s activities, including the time spent taking quizzes and how the students are progressing through the content available to them. Email notifications automatically let users know when new content is available, if a course will expire, or if they have not logged in for a long time.

The quiz builder lets you create quizzes with a variety of questions, The lesson release schedule allows you to set specific dates for lessons to be available for your students. Students can track their own progress as they learn on your site. So, as you may see, LearnDash is a comprehensive tool that can help you get your online course business off to an excellent start.

Monitoring Your Online Courses Company Accounting

Even if you are not a numbers person, if you are looking at starting an online course business using LearnDash, you may want to know some accounting basics, like whether you will use the cash or accrual method of accounting for your online courses company tax planning or understand a profit-and-loss statement.

Cash Versus Accrual Accounting Methods

With cash accounting, when you receive money from a sale, it is income. When you pay money out, it is an expense. Accrual accounting is where you record revenue for a sale when the sale happens, not when you get paid. Expenses are recorded when you receive the bill, not when you pay it. Small to medium-sized e-commerce businesses selling digital content may do better using the cash method. Our small business CPAs at Fusion CPA can help you determine what accounting method is right for your online courses company.

Profit and Loss Statements

Your profit and loss statement records your revenue and the cost of goods sold. It documents your operating expenses and your net margin. It can help you keep score during the year and give you insight into how your business is performing month-to-month. Reviewing your profit and losses with your online courses company accountant annually may provide insight into how your online course company is performing year-to-year.

State Tax Liability Can Be Difficult to Understand

Knowing where you owe state taxes may be a daunting task for e-commerce sellers. Traditional retailers file for taxes where they have a physical presence. Since you are selling a product online, you or your online courses company CPA may monitor 20 or 30 monthly or quarterly filings because you may have to pay sales tax in states where you have a tax nexus. Additionally, tax planning for your online courses company may include collecting and paying local tax and city taxes, depending on the state you sell your courses in.

How To Grow Revenue

Deciding whether you will use LearnDash for your online courses company is just one of many important decisions you may have to make while building your business. Here at Fusion CPA our team of online courses company accountants can provide advice along the way that is focused on improving your general accounting, bookkeeping, and tax planning. Our small business financial advisers offer a range of services including filling your state and federal taxes and filing sales tax, corporate tax, and property tax. We strive to help minimize your tax liability through strategic tax planning to allow you to take advantage of every deduction and credit available to you. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!


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.