Top 3 must-record transactions for your bookkeeping (as an e-commerce shop owner)

[@shafiqurrahman4092]

I am professional accountant and wanna start book keeping so i will be thankful for giving me some useful tips 🙏

[@shafiqurrahman4092]

Hi mam , thanks for such informative video

[@krystalosmanceramics]

It was my understanding that the online marketplace is responsible for remitting sales tax to each state... is that not correct? -so we shouldnt have to track sales tax for each state? maybe thats wrong

[@paperandspark]

Marketplaces will remit and collect on your behalf yes. You still can cross a state's economic nexus threshold though and have to deal with that state's sales taxes if you are selling somewhere other than a marketplace, which is why you may still need to track your sales by location.