The dual track roller system is one of the most recent additions to the massage chair world. This system divides the normalized L-Track into two tracks that work the rollers into the upper and lower body at the same time. This means that the chair can massage both your neck and glutes. The Dual Tracks in these chairs can also provide superior decompression stretches by combining S-Track and L-Track functions. With these top-of-the-line massage chairs, you can enjoy true luxury massages in a Dual Track massage chair.

Daiwa Supreme Hybrid
Daiwa introduces a new massage chair category. This hybrid model provides the same effect as a Yoga stretch because it combines an inversion stretch with an L-shaped massage track. You’ll have more reach, a deeper stretch, and a better massage.

Infinity Circadian Syner-D
The Circadian, which features Syner-D Technology, has not one, but two individual massage mechanisms that have been choreographed to work synergistically together to provide therapeutic relief to the back and gluteus region. To provide superior spinal decompression and a full-length neck-to-glutes massage, the Flex-Track combines the full-body coverage of an L-Track with the stretching capabilities of an S-Track. The Circadian’s sleek touch screen tablet controller complements its cutting-edge massage technology. The tablet’s user-friendly interface allows you to easily navigate and operate your chair, and the new Infinity Control feature gives you complete control over your massage experience.

Luraco iRobotics 9 Max (i9 Max)
While some may believe that all massage chairs are the same, Luraco Technologies is out to prove that they are not, and that AMERICAN-MADE massage chairs are the best! Luraco has spent the last five years developing the i9 Max (9th Generation of iRobotics), which is packed with unique and advanced features for providing superior and medicinal massages! The Luraco i9 Max Medical Massage Chair has been awarded 7 U.S. patents as a result of the hard work of the Luraco Research and Development team.

In Florida, The Modern Back has two massage chair showrooms. Visit themodernback.com for more information on massage chairs with dual track roller systems.

E-commerce is an exciting and rapidly growing industry, but behind the scenes, successful online selling requires meticulous accounting practices. With so many moving parts, from managing inventory to calculating shipping costs and handling multi-channel sales, understanding bookkeeping for ecommerce is essential for sustainable growth. This guide will cover e-commerce accounting essentials, including revenue tracking, cost of goods sold (COGS), taxes, and useful tools to streamline financial management.

1. E-Commerce Revenue Tracking: Organize Your Sales Data

The first step in e-commerce accounting is understanding and accurately tracking revenue. Revenue tracking is not just about counting sales but involves correctly recording each transaction, net revenue, and associated fees.

• Separate Gross and Net Sales: Start by recording gross revenue (total sales) before fees and refunds. Then, subtract platform fees and any refunds to get your net revenue. This breakdown helps in accurately assessing your revenue health.
• Multi-Channel Sales Consolidation: Many e-commerce businesses operate on multiple platforms, such as Amazon, Shopify, and eBay. To simplify, use ecommerce accounting software that integrates with each platform, like QuickBooks, Xero, or A2X. This consolidates sales data from all channels, minimizing manual entry and reducing errors.
• Record Sales Tax Separately: Sales tax should be tracked separately from sales revenue. This will make it easier to handle tax obligations and ensure that you only remit tax collected, not additional funds.

2. Expense Management: Key Costs to Track in E-Commerce

Operating an e-commerce store incurs various expenses, from product sourcing to marketing, and correctly categorizing these is essential for understanding your business’s profitability.

• Categorize Your Expenses: Group expenses into relevant categories such as advertising, shipping, warehousing, platform fees, and payment processing fees. Clear categorization gives you a better view of where your money is going and can reveal potential areas for cost savings.
• Inventory Management and Expenses: Inventory represents a significant expense for e-commerce businesses. Tracking your inventory costs ensures you accurately calculate your profit margins and stay on top of stock levels. Software like TradeGecko or Ordoro can integrate with accounting tools for real-time inventory updates.
• Shipping and Fulfillment Costs: Shipping costs can vary widely and should be tracked closely to understand their impact on your profits. Consider splitting fulfillment costs from other shipping expenses for greater insight, especially if you offer free or discounted shipping options.

3. Cost of Goods Sold (COGS): Accurately Calculate Product Costs

The Cost of Goods Sold (COGS) is the direct cost associated with the production or purchase of the goods sold by your business. Calculating COGS is crucial for determining gross profit.

How to Calculate COGS: COGS includes all direct costs of goods, such as product purchase costs, shipping to your warehouse, and packaging. To calculate it accurately:

• Start with your beginning inventory at the start of the period.
• Add all purchases made during the period.
• Subtract your ending inventory at the end of the period.

Monitor COGS Consistently: Consistent tracking allows you to measure profitability accurately and adjust pricing if needed. Many accounting software solutions allow you to automate COGS calculations if you manage inventory correctly.

4. Cash Flow Management: A Lifeline for E-Commerce Success

Cash flow is the lifeblood of any business, and e-commerce is no exception. Effective cash flow management helps ensure you have the funds to cover expenses, reinvest, and grow.

• Forecast Future Cash Flow: Create a forecast by projecting sales and expenses based on historical data. This is especially helpful in e-commerce, where cash flow can fluctuate with seasonal trends and inventory purchases.
• Maintain a Business Bank Account: Keep personal and business finances separate by using a dedicated bank account for your e-commerce store. This will simplify reconciliation, make it easier to track cash flow, and prepare you for tax season.
• Allocate Funds for Taxes: Earmark a portion of revenue specifically for tax payments. Tax liabilities are an ongoing obligation, and setting aside funds regularly prevents cash shortfalls when taxes are due.

5. Tax Compliance: Understanding Sales and Income Tax Obligations

Tax compliance is a unique challenge in e-commerce, especially for multi-state or international sellers. Here’s what you need to know:

• Sales Tax Compliance: Each state has different sales tax regulations, and the “economic nexus” concept requires sellers to collect tax in states where they reach certain sales thresholds. Use tax automation software, like Avalara or TaxJar, to keep track of requirements and file taxes in multiple jurisdictions.
• Income Tax Preparation: Unlike sales tax, which is collected and remitted to the state, income tax is calculated on your profits. Ensure that all revenues, COGS, and expenses are accurately recorded to calculate your taxable income. Many e-commerce businesses benefit from hiring a tax professional to navigate complex deductions and credits.

Keep Digital Records: Store receipts, invoices, and sales records digitally for easy access. Good record-keeping ensures you’re audit-ready and simplifies the preparation of tax returns.

Conclusion

E-commerce accounting may seem daunting, but with the right systems and tools, it becomes a manageable—and even insightful—part of your business. By staying organized, accurately tracking COGS, cash flow, and expenses, and using accounting software to automate processes, you can gain control over your finances and set your business up for long-term success. Accurate accounting allows you to not only comply with tax regulations but also make strategic decisions, capitalize on profitable opportunities, and steer your business toward growth.

If all those seem daunting to you, make it easy and automated with the help of

Connectbooks

. The software helps you automate your accounting, track your inventory in real-time, get sales and profit calculations done for you daily. Check out https://www.connectbooks.com/ for more details