Working with so many clients in the ecommerce sphere, we can identify the most common problems faced by E-commerce sellers.

Inventory management: 

It can be difficult to manage inventory when you’re selling online. You need to make sure that you have enough inventory to meet demand, but you also don’t want to overstock your inventory.

Multi-channel selling:

E-commerce sellers often need to sell their products on multiple channels, such as Amazon, Etsy, and their own website. This can be a challenge, as it requires them to manage multiple listings and inventory. Keeping track of all the inventory, sales and returns is a nightmare. This becomes bigger as the volumes go up.

Sales reconciliation:

If an e-commerce business is selling across multiple sales channels, keeping the sales records up to date is a challenge to cope with. Various ecommerce has their own revenue transfer policies that (along with sales order volumes) become very difficult to be tracked down and reconciled with the bank account.

Order management and shipping:

Shipping industry has evolved and advanced enabling millions of businesses worldwide. This advancement has provided small businesses with wider options and cost-effectiveness. That comes with its toll; managing the order handling, packaging to dispatch is a set of tedious activities. 

Working capital:

E-commerce sellers often need a lot of working capital to get their businesses off the ground. This is because they need to invest in inventory, marketing, and other expenses. 

Cash flow management:

Cash flow can be a challenge for e-commerce sellers. This is because they often have to wait for payment from customers and sales platforms before they can pay their suppliers. 

Remember, behind every successful small business owner, there’s a great team of tax and accounting experts, keeping their financials in shape. That’s where Instaccountant will help you.