Furniture and homewares retailers are getting crushed right now. Made.com, the UK’s publicly listed furniture store, stopped taking orders last month, citing solvency issues. Interiordefine, a custom online furniture retailer in the US, entered voluntary administration last month. And Brosa, the Australian online furniture retailer, entered voluntary administration last month, and was acquired by Kogan.…
‘Tis the season for sales, and Boxing Day is one of the biggest shopping events of the year. For most retailers, this post-Christmas financial injection is critical to their bottom line, and discounting is an ideal way of attracting new customers and boosting sales. The problem with discounting is that a lot of marketers don’t…
TradeMutt is Australia’s biggest social impact workwear company. But while their vibrant clothing designs have kickstarted plenty of conversations about mental health, it was their financial health that needed a little bit of guidance. Here’s how we helped level them out. The company More than just a brand, TradeMutt is a movement that’s helping to…
Mr Pool Man is an eCommerce business that needed an accountant who could speak their language and guide them in the right direction. Here’s how we helped them learn to swim straight in open water. The company An Australian-owned and family-operated business based on the Central Coast of New South Wales, Mr Pool Man is…
Should I offer free shipping? This is a question that has plagued ecommerce business owners since the dawn of time (or, at least, since the dawn of online shopping). For merchants, the cost of shipping is a moving target. Can your profit margin actually cover the shipping costs? And what products should you be charging…
If you run an ecommerce business, you’ll know the importance of having accurate (and stress-free) finances. But managing your sales channels together with your accounting software can be messy – and cost you hours. Luckily, there are some pretty great operational tools in place that easily integrate with your Xero suite, and our accounting team…
You’ve probably noticed there’s a bit of doom and gloom around the economy at the moment – but it doesn’t have to be a dark time for your business. Here’s how you can prepare for the challenge ahead.
Here’s a selection of the main Buy Now Pay Later options, what they do, and what it will cost small businesses to use them.
Get the lowdown on ESOP reporting and company shares at tax time, and what to do if you don’t agree with your company’s valuation.
When assessing the financial performance of an online business, most people look at profit to determine success. Here’s what you should be looking at instead.