Accurate Bookkeeping for Online Businesses

Online Businesses Need Accurate Bookkeeping

Online businesses have advantages, and the wide success among them verifies how popular shopping online is with consumers, as well as how lucrative ventures can be for entrepreneurs with the right skills. Online businesses often benefit from a broader market reach for their products, as well as a substantially larger hiring pool for soliciting talent. They also tend to enjoy lower overhead costs, remote working options for employees, and more streamlined customer data collection since information is capturable at each sale.

Reports show that e-commerce sales continued to rise in 2024. Analyses of financial data related to online sales suggest that e-commerce sales increased more than 8% from 2023, reaching almost $1.2 trillion in the U.S. Globally, e-commerce sales are expected to cross $6 trillion.

While online businesses have potential for growth, they do face challenges, and many fail within the first few months or years due to a variety of factors, including overestimated market interest, crowded competition, unsuccessful marketing, and underfunding. Online businesses also require a higher level of IT expertise than other types of businesses in order to keep their sites and software running smoothly and to keep customer data protected. Depending on the type of business, online companies may also grapple with inventory storage issues, lack of personal engagement with customers, high shipping costs, and more challenging management of returns.

One important challenge to running a successful online business is how to handle the bookkeeping so that cash flow remains steady. Online tools for financial management are widely used by online companies because they are easily accessed, equipped with their own IT troubleshooting and updating, and integratable with other cloud-based tools used by small businesses.

Add Checkeeper online check printing and mailing for better bookkeeping and payroll management

Checkeeper offers templates for creating and customizing your own checks, printable on demand or printed and mailed for you. For those times a paper check is needed, Checkeeper’s online, cloud-based software offers the benefits of software integrations, automatic bill-to-check conversion, paycheck management, and automatic recording and storing of data in an online registry. Checkeeper also offers full-service check mailing options for professionals who travel, work from multiple locations, don’t have a back office, or simply don’t have the time or supplies to issue checks efficiently.

Some benefits of Checkeeper for online businesses

Checkeeper's online check printing and mailing services can:

·       Lower IT costs: Checkeeper follows account security protocols and handles all the updating, site maintenance, and troubleshooting so that users don’t have to.

·       Provide security: Checkeeper is compliant with HIPAA, Soc II, GDPR, and uses the same level of data encryption that banks use. Checks printed by Checkeeper for mailing are printed in the MICR ink that bank computers recognize, for added security and convenience.

·       Offer remote access: Use your preferred device (and preferred printer) from anywhere you can get a connection—no more having to travel with checkbooks and registries in order to issue a paper check payment.

·       Enhance professionalism: Upload your color business logo onto every check, add custom fields to aid your bookkeeping, and enclose documentation or marketing material when needed to give your business checks the optimally professional look.

·       Add organization and efficiency: Checkeeper helps users track expenses and run reports for more organized and accurate bookkeeping. Checkeeper can also enable multi-user access and approval permissions to keep the payment process running smoothly and efficiently and with greater oversight.

Checkeeper offers the ideal companion to other accounting and payroll software used by owners and managers of online businesses to keep paychecks and payment checks paid on time, and all data is automatically stored and recorded for searching and exporting on demand from anywhere users live, work, or travel.