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Some epayment and ecommerce systems causing headaches, manual accounting adjustments

SUMMARY CPA Practice Advisor picked up the findings of Bookkeep's research study on the economic impacts of manual accounting for retailers and accounting fi...
April 19, 2022
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SUMMARY

CPA Practice Advisor picked up the findings of Bookkeep's research study on the economic impacts of manual accounting for retailers and accounting firms. Read more at the link below.

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Accounting Automation: The Secret Weapon for Stress-Free Sales Tax Filings in Ecommerce and Retail

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March 31, 2025

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September 9, 2024

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July 15, 2024

How to Avoid Double-Booking Revenues, when Using Shopify (or WooCommerce, or Amazon) and PayPal Together

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June 25, 2024

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June 18, 2024

Bookkeep Opens New Office in Victoria, British Columbia To Better Serve Its Growing Canadian Customer Base

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Getting Shopify Sales Detail into QuickBooks Online: Best Practices to Strike the Right Balance

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May 10, 2024

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April 23, 2024

Why Automation Should Be Your Number One Priority When Choosing Accounting Apps in 2024

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April 19, 2024

Why You Should Never Delete Items in Shopify

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April 10, 2024

What Is Hiding in Your Shopify Payout?

If you are coding your books just based on the payout total you received, you are missing the bigger picture. Not only will your books be wrong (because the ...
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April 3, 2024

Are You Taking Advantage of Accounting Automation in your E-commerce, Retail, or Restaurant Business?

For busy e-commerce, retail and restaurant businesses (and the accounting teams that serve them), e-commerce and point-of-sale (POS) accounting automation is...
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March 1, 2024

Shopify Sellers - Are You At Risk of Overpaying Your Sales Tax?

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February 23, 2024

Shopify and Amazon Sellers: Are You Inadvertently Mixing Revenue Recognition Methods?

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February 16, 2024

The Challenge That Shopify Reports Can Create for Accurate Revenue Recognition

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February 9, 2024

Are You Getting Paid for All Your Shopify Orders? Are You Sure?

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January 15, 2024

Accounting for Influencer Gifting and Zero-Dollar Orders in Shopify (Danger! Danger!)

Common practices like influencer gifting - where orders are processed at zero cost, usually by the user manually applying 100% discount on the order itself -...
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January 10, 2024

2023 Bookkeep Recap: Simplifying Accounting Complexity for Multi-Channel Sellers

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November 28, 2023

Bookkeep and KORONA POS Collaborate to Drive Business Empowerment

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November 6, 2023

Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications

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October 19, 2023

Sales Tax Complexity and the Vanishing Accountant

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August 22, 2023

How to Streamline Your Mindbody Accounting

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August 22, 2023

4 Reasons Accounting for Square Is So Complicated

Accountants often find Square to be a headache, finding issues with: Time-consuming work running reports to capture the entire range of daily activity for bo...
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August 22, 2023

How to Streamline Your Treez Accounting

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August 22, 2023

How to Streamline Your Clover Accounting

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August 22, 2023

7 Reasons Accounting for Shopify & PayPal Is So Complicated

Accountants often find Shopify and PayPal to be a headache, finding issues with: Sales payouts spanning multiple deposits Orders coming from sources beyond y...
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August 18, 2023

Square Capital Loans - Repayments and Initial Disbursement

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August 8, 2023

Artificial Intelligence Isn’t Transforming Retail Accounting, Yet

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July 7, 2023

Shopify Stores Selling on Facebook or Instagram

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June 26, 2023

Bookkeep and Zoho Books Partner to Offer Revenue Automation to Its Growing Community of Accountants and Small Businesses

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April 27, 2023

Autonomy in the Workplace: Boost Employee Productivity and Happiness

SUMMARY For CFOs, gauging productivity has been difficult. With the accounting shortage impacting many organizations, productivity must work hand-in-hand wit...
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April 26, 2023

Specialization: A Solution for Reducing Burnout & Attrition Among Tax & Accounting Professionals

SUMMARY In this column for Thomson Reuters, Jason makes the case for why tax & accounting firms should consider switching to a specialization-focused service...
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March 29, 2023

Client Accounting Services: The Outsourced Solution Every Small Business Needs

Thanks to the pandemic, traditional brick-and-mortar retailers and restaurants are embracing ecommerce and digital payment systems like never before. But whi...
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March 7, 2023

3 Challenges that Tech will Solve for Your Firm in 2023

SUMMARY Bookkeep CEO & Co-founder Jason Richelson outlines the biggest challenges automation will solve for accounting firms in 2023 for Accounting Today. RE...
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March 1, 2023

Bookkeep Introduces New Sales Tax Automation To Provide Retailers Complete Revenue Accounting Services

The Bookkeep and DAVO by Avalara integration will enable clients to automatically set aside sales tax, file and make payments, eliminating tedious manual wor...
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February 1, 2023

Bookkeep in your practice: Sheer Distinction Services

Guest author Maureen Stevens of Sheer Distinction Services, LLC . discusses her business and how she is working smarter with Bookkeep automation. About the b...
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January 25, 2023

The reality of ecommerce and POS automation

SUMMARY There are hundreds of channels to make sales and collect revenue. But fewer businesses integrate these platforms into their accounting systems due to...
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January 3, 2023

Bookkeep in your practice: Titans of Virtual Bookkeeping

Guest author Donna Reade of Titans of Virtual Bookkeeping discusses her business and how she is working smarter with Bookkeep automation. About the business ...
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December 19, 2022

Bookkeep Research Study: Part 3

Earlier this year, we commissioned a research study with Paradoxes Inc. , to better understand the impact of manual data entry for retailers, restaurants, no...
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December 14, 2022

Why you need revenue accounting automation

SUMMARY Revenue accountants are essential to the financial management of many types of industries- really, just about any field of business that processes sa...
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December 1, 2022

The clearing house standard: Aspirational model for accounting firms and retailers

SUMMARY In his latest column for Reuters, Bookkeep CEO & Founder Jason Richelson explains why accounting firms, especially those that serve the retail indust...
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November 2, 2022

Bookkeep Raises Another $6.6M to Automate Accounting Entries from Any Platform

SUMMARY Alley Watch features Bookkeep in their Funded in New York Tech category to highlight the business, the company’s strategic plans, the latest round of...
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October 20, 2022

Bookkeep secures $6.6 Million Investment led by Fin Capital

New York, NY - Bookkeep, the smarter accounting automation platform, announced a $6.6 million seed+ round of funding led by Fin Capital, with participation f...
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Strategy & Growth
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September 22, 2022

Bookkeep in your practice: NetDeposited

Guest author, Rachel Dauchy of NetDeposited discusses her business and how she is working smarter with Bookkeep automation. About the business My name is Rac...
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August 29, 2022

Tips for tracking and reporting monthly startup expenses and revenue

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August 25, 2022

So, you “don’t do” ecommerce accounting…

SUMMARY Ecommerce accounting is increasingly likely to be a part of your own business since it is a growing part of your client’s businesses. Maybe you “don’...
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August 10, 2022

Ecommerce accounting best practices

Ecommerce accounting is the collecting, analyzing, organizing, and reporting of financial data related to business transactions that occur online. Businesses...
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August 2, 2022

Clearing accounts are the process tool all ecommerce books need

SUMMARY Truth: Best practice ecommerce bookkeeping is fueled by clearing accounts, or what we call balance accounts. Read on to find out why these accounts a...
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July 12, 2022

The major headache ecommerce is creating for accounting firms — and the cure

SUMMARY In his first article for Reuters, CEO Jason Richelson examines the true costs of manual accounting and how bookkeepers and accounting firms can recla...
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July 7, 2022

Why Bookkeep uses balance accounts

Balance accounts are the connective tissue that allows all the other elements like the accrual method, daily sales, sales platforms, and bank feeds, to work ...
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July 5, 2022

Know what you code: The most important factor to launching a successful FinOps start-up

SUMMARY In this essay for Fintech Futures, CEO Jason Richelson explains the importance of knowing how to code if you're in the fintech space and how to build...
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June 14, 2022

Take time from your firm and not lose your mind

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June 7, 2022

Nearly Half of Accounting Firms Outsource CAS As Ecommerce Reconciliation Becomes More Complex

New Report by Bookkeep Reveals Manual Work Consumes 25% of Staff Time Every Month, Costing CAS Departments $8,900 On Average in Lost Staff Time; Enterprise F...
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Blogs
June 2, 2022

Lack of data standards driving manual reconciliations

SUMMARY Accounting Today features key findings from Part II of Bookkeep's research study on the economic impacts of manual accounting for retailers and accou...
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Blogs
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June 1, 2022

Bookkeep Research Study: Part 2

Earlier this year we commissioned a research study with Paradoxes Inc. , to better understand the impact of manual data entry for retailers, restaurants, non...
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Blogs
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May 30, 2022

Bookkeep is rooted in daily summaries by platform for ecommerce. Here's why.

When we say Bookkeep is committed to daily summaries, we mean it. In fact, Bookkeep was created around the idea that daily summaries are the central and defi...
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Blogs