Ecommerce is no longer solely the domain of brick-and-mortar stores looking to expand their market reach or hobbyists looking for a platform to sell their creations. Instead, ecommerce is truly the future of retail. In 2017, ecommerce represented 49% of the total growth in retail sales, and—with the decline of shopping malls and other brick-and-mortar establishments—many experts predict e-commerce will only continue to grow.
There are many benefits to owning an ecommerce business. Ecommerce retailers enjoy nearly limitless options when it comes to location, meaning you can enjoy the benefits of owning your own store without being tied to a specific city, state, or even country. This, combined with low overhead costs and limited risk, makes the ecommerce industry attractive for many who want to start a retail business.
Leveraging the right software to run your ecommerce business is key to enjoying the flexibility and profitability possible in this industry. One of the key pieces of software you need to consider for your e-commerce business is your accounting solution. Not all business accounting software are created equal, and with the number of unique challenges faced by ecommerce retailers, you need to make sure you choose the best accounting software for your ecommerce business.