Challenge

Managing high-volume materials and products required careful oversight, but inventory needed streamlined administration.

Inadequate product tagging and mapping led to inaccuracies in closing balances and cost of goods sold (COGS).

Huge Transactions

Handling sales from platforms like Shopify, Amazon, Etsy, and wholesale required accurate classification of invoices.

Precise reporting was essential for financial performance and profitability.

Daily business activities were complex and needed careful evaluation and control.

Solution

Standardized accounting practices and inventory processes.

Re-categorized products accurately and tagged inventory vs non-inventory properly.

Distributed invoice and sales booking by channel to enable specific turnover analysis.

Categorized expenses for precise COGS/COS allocation and profitability by channel.

Financial modeling enhanced insights and decision-making.

Results

Fast and accurate financial reflection and improved decision-making.
Clean and compliant books.