US EditionProper Reconciliation Based on Sales NOT Deposits
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Proper Reconciliation Based on Sales NOT Deposits
When reconciling e-commerce transactions, there are two common approaches: Based on the payout date (when money hits your bank) Based on the sales date (when the sale actually occurred) Some accounting tools take the shortcut of reconciling by payout date. But for e-commerce and retail businesses, this can distort your financials, misalign revenue and expenses, and create chaos at month-end. Here’s why sales-date-based reconciliation is the onl…
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