Since the internet began to dominate commerce in the late 90s, dozens of very smart people had mulled over a means to avoid the need for a trusted third party financial institutions to mediate between transactions.
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According to the US Department of Commerce, the percentage of sales that occur online has risen from less than 4 percent to more than 9 percent over the past 10 years. That number is only poised to go up. AccountingSuite™ is here to help.
Many people are familiar with cryptocurrencies like Bitcoin, but very few possess an understanding beyond the basics. While it would be impossible for us to explain every detail about these new currencies here, we thought it would be useful to share a few interesting cryptocurrency facts that might surprise you.
What do you think of when you hear the initials TLC? The first thing that probably comes to mind is “tender love and care.” You might also recall the 90s R&B group and their massive hits “Waterfalls” and “No Scrubs.” But did you also think about “total landed cost”?
In the days when brick-and-mortar businesses ruled retail, stores realized that opening new locations was the best way to increase sales. The same rule applies in the digital economy, but with a slight twist.
In today’s world, every business runs on data. The more information a company has, the better its ability to make smart, strategic decisions. Detailed, up-to-the-minute financial reports contain some of the most essential data a business can gather.
From a seller’s perspective, understanding how to optimize the potential of multi-channel ecommerce is crucial. Obviously, your ecommerce clients want to provide as many options as possible for purchasing their goods, but they don’t want flexibility to come at the expense of customer satisfaction.
Most of your clients are prepared to deal with the influx of customers buying goods, but far fewer excel at managing returns effectively. Obviously, an angry customer is the worst case scenario, but business owners also have to consider how returns affect inventory and their financials
Deloitte forecasts that retail sales during the holidays will grow another 5 – 5.6 percent this year, totaling a massive $1.1 trillion in the US. How much of this money will end up going to your retail clients will depend on how ready they are for the rush.
As 2018 is wrapping up, the race for the topic of the year in the accounting profession has long since been decided. Blockchain has been the concept on everyone’s lips, and it’s only going to become more omnipresent in the coming months and years.
