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E-Commerce Accounting: Top 4 Accounting Practices for Online Businesses
E-commerce is widely known for having a large number of daily transactions, especially in this situation. Therefore, it is challenging for them to keep track of accounting data, which is normally saved on the selling channel, not in the bank account. Further, most e-commerce businesses have to deal with a lot of expensive foreign transactions. If you do not act quickly, it could lead to an unexpected loss in profit. Here, I will discuss the 4 best accounting practices for online businesses.