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Osome Raises $17M in Series B Round to strengthen the balance sheet with a key objective to accelerate the path to profitability.

<b>Ecommerce accounting</b> covers all your financial management as an online seller, from bookkeeping and invoices to record keeping and filing your taxes.

It’s a big task - and one that requires specialist knowledge and takes time. That’s why many ecommerce companies choose to outsource their accounting. These businesses use online accounting providers like Osome to get dedicated support with their books.

If you’re an online seller looking for help, we’ve got you covered. Here’s your guide to ecommerce accounting, why it’s essential and the basics you need to know to get started. Working through these points will help you decide how much help, if any, you need. If you’re in need of professional <a href="/sg/ecommerce-accounting-services/">ecommerce accountants</a>, please don’t hesitate to reach out to us!

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In this digital day and age, ecommerce is a competitive industry. To stand out from your competition, you will have to adhere to top-notch delivery and shipping practices.

Delivery quality matters to your consumers, and can affect their brand loyalty. In fact, the delivery process is so important that it has resulted in a term called "<a href="https://www.theedgesingapore.com/news/commerce/mind-last-mile-gap-logistics-sector" target="_blank">pre-parcel anxiety</a>" in many buyers, a state of "nervous impatience" while anticipating their delivery.

Thankfully, ecommerce business owners can get Amazon to deliver and fulfill their orders. The trick? Simply enrol in Amazon's Fulfillment by Amazon (FBA) program, and you can effortlessly offer affordable and reliable shipping and tracking for your buyers.

As a business owner, you may have developed many plans in the pipeline for your company’s growth. However, one late payment may be enough to hinder your progress. Late payments are not just a nuisance, they can also severely affect your company’s cash flow.

Singapore is no stranger to the issue of late payment. In fact, the coronavirus pandemic has further aggravated the problem. According to <a href="https://group.atradius.com/press/press-releases/payment-practices-barometer-asia-2021.html" target="_blank">Atradius</a>, 52% of Singapore businesses experience payment delays.

Fortunately, there are ways you can adopt to cushion the pain of dealing with late payments. Here are ten tips:

Whether importing products into Singapore or exporting goods as a seller, the process can be challenging. Dealing with logistics and customs declarations can quickly add up, making the to-do list seem long and overwhelming.

So, it is essential to understand the steps to take when it comes to importing or exporting goods as a business or an international seller. This article will cover some of the frequently asked questions about importing or exporting goods in the Singapore.

For Singaporean limited liability companies to run successfully, you would need a minimum of one shareholder. Private companies can keep up to 50 shareholders, including joint holders of shares as one person. But, not including any person the company employs or previously worked with.

In return for buying the shares, shareholders own a part of the company, earning possible dividends and growth in company value, which can raise the price of shares.

While <a href="/sg/incorporation/">incorporating the company</a>, founders discuss how many shares they want to give, at what value, to whom and in what proportion. Usually, startup founders issue shares to themselves.

The ownership of all shares is recorded on share certificates given to shareholders. As the company continues to grow, it can issue more shares with more value to raise more capital in order to grow the company.

Osome Content Team

Exciting News! We Just Raised US$17M in Series B Funding

A Complete Guide to Ecommerce Accounting

How Selling Her Belongings Helped Huda Build Two Successful Businesses

8 Ways To Save Time As A Singaporean Small Business Owner, As Told By An Accountant

7 Things SMEs Need To Know About the 2023 Singapore Budget

Amazon Seller in Singapore - Guide on How To Get Started