Accounting for
e-commerce
Sharespine offers various features to efficiently automate orders, invoices, and payments. One option is called Automated Accounts Receivable, where sales activities is automated and recorded for each individual business transaction throughout the entire system chain.
The second option is called Aggregated Accounting, where aggregated sales and reconciliation information (summary) are posted daily, regardless of the number of events that have occurred.
Each sale and reconciliation is automated for each individual business transaction within the systems. The information is sent to the accounting and business system's accounts receivable for further processing.
Read moreAll sales and reconciliation are grouped per day and automated as a single unit, regardless of how many transactions were generated that day. The documentation is directly posted as ledger entry in the accounting or ERP system.
Read more| Property | Automated Accounts Receivable | Aggregated Accounting |
|---|---|---|
| Compatible with Connectors for webshops, marketplaces, and point of sale | ||
| Compatible with Connectors for payment systems | ||
| What is imported from the external system? | Order or Invoice | Order |
| What is exported to the external system? | Order or Invoice | Ledger entry |
| Accounts Receivable in the accounting system | - | |
| Inventory adjustment | - | |
| Number of ledger entries per day | One for each unique sale, return, and reconciliation per day. This means 2 ledger entries per day per unique sale or return. | One for all sales and returns on the same day, and one for all reconciliation documents on the same day. |
