The only full-time accountant, due to a lack of experience in a particular trading niche, may simply not be able to cope with all the volume of surprises and innovations that surround marketplace sellers.
And the full-time “Nina Ivanovna” can at any time bring you to the issue of increasing salary plans or issuing a bonus.
In total, we assume that a beginner marketplace seller is too small a unit to burden himself with spending on a full-time accountant and overload himself with the search for such an employee. The search in this case is a very difficult question. After all, we need a specialist who not only knows how to keep accounting, but also understands the nuances of working with an online store and marketplaces. This is far from the same as trading in a tray in a market or in a shopping center. At this stage, we tell the staff member no.
Mom I ate
We argue further. We understand that our business is just beginning to develop and all processes are taking place before our eyes, controlled and understood. In the early stages, many sellers literally sort out, with their eyes, every line with goods sold on marketplaces. While we are talking about hundreds of products and several hundred sales, all this is calmly analyzed and viewed in manual mode. This means that we can try to do the bookkeeping on our own. Yes and no.
If you have experience in trading, and business on marketplaces is far from your first project, perhaps you can keep records yourself. If you are just starting your way in trading, then the apparent simplicity of the process can lead you into a hole already at the start. How? Let’s think about what questions the seller may face when entering the marketplace.
Firstly, it can be difficult for the seller to choose the right tax system which ultimately determines how empty your wallet will be after tax payment. Now you already know which system is more profitable for you – 6% STS or 15%?
Secondly, even if the entrepreneur has already worked in trade, he may not know what electronic document management is (offline and when working with your own online store, it may simply not be useful). But without EDF, it will not be possible to establish an adequate relationship with marketplaces. So you need to figure out how such systems work, how to choose the right one and what to do with them next.
Thirdly, you need to clearly understand at what point to fix the profit and from what amounts to calculate the final revenue… You understand that trading on a marketplace is far from a direct sale of goods to a customer. There is always a platform between you, which can act as an agent or intermediary, and is also surrounded by all kinds of bonus programs, points and promotions. It seems that this cannot be done without support from the outside. And if we realized that a full-time accountant is not yet our choice, then we need to look towards similar outsourcing services. Since we trade online, let’s try to drag the accounting department there.
Pluses of remote
Let’s go over our fingers. The cost of online bookkeeping is significantly lower than the salary of a full-time specialist. Moreover, an online service can be connected for a short period – it’s easier than firing an employee when you realize that you are capable of everything yourself or you want something new.
Online accounting allows you to access the database from anywhere, even if you use such a service from your phone or tablet. You are not tied to the workplace.
There is no need to constantly monitor legislation updates – online services do it themselves and remind the user that now everything works a little differently.
Finally, online accounting can be linked to online banking, then calculations can be made even faster and easier. And there are also options in which such a service is initially provided by the bank. It seems to be convenient.
The bank counts the best
At first glance, one of the easiest options is to choose an online accounting service that your bank offers. If you are just registering as an entrepreneur, you will still open a current account. Together with him, the bank will certainly offer you accounting support. Free or for a nominal fee, since then all your tranches will pass through it. In fact, the bank needs to help you to retain a client with a potentially growing business, and he will do it.
Another thing is that online banking provided by financial institutions does not necessarily suit you. If you yourself cannot figure out all the hardships and calculations and you need expert advice, only an online service for processing documents and transferring them to the tax office will not be enough for you. But not all banks will immediately offer you additional help from a personal accountant – you will have to figure it out yourself. And we have already realized that many questions can arise when working with marketplaces – not every accountant will immediately understand everything. If you want to get help from a real specialist, you will have to switch to a new tariff within such an online accounting department. Of course, it will no longer be free. Below is an example with a price list for the services of a remote accountant from Sberbank.
Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.