![]() ![]() Numbers don’t always add up how they should, making it virtually impossible to track transaction data with any certainty. Over the years, eCommerce businesses have found that many sales channels simply lack accurate in-house accounting. Even though GoDaddy lacked some essential features, it was very popular for a reason. It auto-fetches all necessary data for accurately accounting sales, refunds, fees, and taxes from your eBay seller account, generating a concise summary entry posted to your chosen software. ![]() Link My Books integrates seamlessly with eBay accounting software like Xero and QuickBooks. It is perfect for eBay sellers who do not want to get hassled into third-party inventory management systems. The cash flow statement is a bit harder to conceptualize, but it is one of the most important to grasp. This shows the areas that are producing the most cash and which are consuming it the fastest. The most important thing to understand is that your cash flow statement will not reflect your profit or net income, because it does not take into account items bought or sold on credit.
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