A cash conversion cycle (CCC) is the amount of time it takes a business to convert its investments in inventory and other resources into cash from sales.
One of the few things we can say with certainty about the past few years is that eCommerce performance is incredibly unpredictable. So how do we even start thinking about planning for 2023? Here are three crucial strategic steps, concentrating on the data that we DO have access to.
To grow sustainably and cement yourself as a long-term player in the space, you need to know a little more about your business's financial performance. And the Profit & Loss Statement (or P&L for the cool kids) is one of the best tools to break down your company’s financial performance.
Young businesses must struggle to survive financially. From meeting capital requirements, stocking, and operational costs to paying employees, startups deal with a lot. In this article, we’ll look at the five dimensions that startup businesses must look into in order to manage their finances effectively.
E-commerce entrepreneurs commonly make mistakes in revenue recognition, inventory accounting, and sales tax compliance. Understanding common pitfalls can help your e-commerce business adapt and overcome them to produce accurate financial statements and tax remittances.
Cashflow is the lifeblood of your business, without it... well, you can say goodbye to ad budget, inventory, and more. Today's essay is a fantastic primer on how to approach cashflow management for your DTC business. By the end you'll feel confident re: your finance strategy going into 2023 and beyond.
From the day your product is market-ready to the day your website goes live to the day you make your first dollar, every step along the way is full of excitement. Let’s dive into understanding the basics, plus some tools you can use to make accounting simpler to track, control, and understand.
Learn about FinHub, the finance platform built for ecom. FinHub allows you to take back control and see a live snapshot of everything you should care about as an owner.