Web as a sales channel: large number of business transactions efficiently manage three out of four Germans are now online. E-Commerce has changed consumer behaviour in the last few years and to normalcy will be buying on the Internet. On the other hand, the e-commerce as a new sales channel for many companies holds great opportunities. The success of a Web shop depends of course assortment, service, and faster, more reliable delivery, especially but also of the offered payment and the back end options. This brings some challenge, which should not be underestimated, for the accounting of tax consultants Armin Hampel says. He is partner in the law firm of hampel + Marka Steuerberatungs GmbH & co. KG based in Schongau, Bavaria, Germany. (More at hm-steuer.de) Online store and financial accounting is point of view of the operator of an online shop above all to keep in mind: compared to the retail store a huge number of transactions incurred for the order booking, invoicing and Are to manage payment input control.
In the shop, cash is made, however, only once in the evening. The Internet also promotes cross-border purchasing customers. A shop owner in many ways must take into account that: in the selection of the offered payment systems and the maturing fees for the management of returns and the associated costs, handling the domestic, EU or third country sales. After all, most of the data are available in the online trading already digital, admits Steuerberater hampel. “So a good prerequisite for the integration in a largely automated accounting is given.” The additional distribution channel means Web still a major challenge for financial accounting. “An exact accounting, which creates transparency of all business transactions and allows a continuous, timely, fault analysis, is critical to the successful integration of the Web channel in the own multichannel strategy”, emphasizes Armin Hampel.