Ecommerce: A Practical Guide
With ecommerce thriving, many of your clients will soon be asking how to move or expand their business models online. Take this opportunity to upskill yourself and receive an in-depth, practical guide to how you record sales, forecast cash flow, navigate tax systems, costs and inventory cycles, and manage inventory for an ecommerce business.
Description
Attend and earn 2 CPD hours
FASEA CPD Categories
Estimated 2 CPD hours in Technical Competence
Chair: Minna Zhu, Partner, Consolid8
9.00am to 10.00am: Inventory and Cost of Goods Sold
- Core concepts of COGS & inventory
- Identifying the inventory cycle
- Inventory management techniques
- Inventory management systems
- Supply chain management
- International tax systems: Sales tax, VAT and foreign transactions costs
Presented by Thomas Sparks CA, CEO, Infinity22
10.00am to 11.00am: Cash Flow Forecasting for Ecommerce Businesses in Australia
- Identifying true sales figures
- Innovative ecommerce accounting technology: intro to A2X and how FBA sellers and accounting firms can automate their processes
- Analysing budgets and structuring financials
- Margins on products
- Utilising accrual accounting
- Ecommerce accounting software: Why Xero can’t do everything
Presented by Reuben Bergola, Director, New Wave Accountants & Business Advisory; The Ecommerce Accountant
Learning Objectives:
- Understand the key differences in eCommerce accounting to traditional accounting
- Analyse growth and scale of eCommerce businesses and cash flow forecasting
- Examine eCommerce challenges including COGS and inventory, international tax systems and transactional data
- Consider the eCommerce accounting software and technology available