Ecommerce Finance Podcast

Stephen Brown | LedgerGurus
Ecommerce Finance Podcast

Hosted by Stephen Brown, COO of LedgerGurus and co-owner of DTC brand Sole Toscana, this podcast is your go-to resource for mastering the financial side of ecommerce. Stephen and his team have worked with hundreds of brands through LedgerGurus which specializes in ecommerce accounting. Add to that his hands-on experience with Sole Toscana, gives him unique insights into the challenges and opportunities ecommerce businesses face. On The eCommerce Finance Podcast, we dive deep into the financial side of ecommerce. Any topic is open for discussion as everything you do in business has a financial impact. Be prepared to go deep with experts and brand leaders on a variety of topics with an understanding of their financial impacts. Join us as we bring you practical tips, expert insights, and real-world strategies to help you thrive with ecommerce. Tune in and transform your ecommerce business today!

Выпуски

  1. E3: How Accounting Can Make or Break Your Brand

    -5 ДН.

    E3: How Accounting Can Make or Break Your Brand

    Summary In this episode of the Ecommerce Finance Podcast, Stephen Brown and Geoff Gualano discuss the critical role of accounting in ecommerce businesses. They explore the different phases of accounting maturity, from initial awareness to strategic forecasting and planning, emphasizing the importance of accurate accounting for business growth, investment opportunities, and overall financial health. The conversation highlights how understanding and implementing proper accounting practices can significantly impact a brand's success or failure in the competitive ecommerce landscape. Takeaways Accounting can significantly impact the success of a brand. Many businesses start with no accounting practices in place. Phase one is about recognizing the necessity of accounting for taxes. Phase two focuses on gaining visibility into business performance. Accrual accounting is essential for ecommerce businesses. Understanding accounting can prevent cash flow issues. Phase three involves strategic forecasting based on historical data. In Phase four, investors and lenders require accurate financial statements. Proper accounting practices can enhance business valuation during acquisitions. AI may assist in accounting but won't replace the need for human oversight. Sound Bites "Accounting can make or break your brand." "You may not value your accounting, but you know who does? Lenders, investors, and people who want to acquire your business. " "Don't ignore maturing your financial and accounting practices over other areas of the business." Chapters 00:00 The Importance of Accounting in Ecommerce 01:49 Understanding Accounting Maturity Phases 03:15 Phase One: The Awakening to Accounting 06:24 Phase Two: Gaining Visibility into Business Performance 11:39 Phase Three: The Transition to Strategic Accounting 15:53 The Role of Accrual Accounting in E-Commerce 21:18 Understanding Revenue Recognition Challenges 23:13 The Importance of Accurate Financial Visibility 25:18 Strategic Financial Planning and Forecasting 28:31 Building Trust with Accurate Financials 30:35 The Consequences of Poor Inventory Accounting 33:25 The Four Phases of Accounting Maturity 36:16 The Role of AI in Accounting Accuracy Work with LedgerGurus https://ledgergurus.com/ecommerce-accounting-services/

    40 мин.
  2. E2: Ecommerce Budgeting & Forecasting: What, Why, How, When, and Who

    8 ЯНВ.

    E2: Ecommerce Budgeting & Forecasting: What, Why, How, When, and Who

    In this episode of the Ecommerce Finance Podcast, Stephen Brown and Preston Alder discuss the critical aspects of budgeting and forecasting in ecommerce. They explore the importance of understanding cash flow, the phases of financial management, and the strategies for building effective budgets and forecasts. They emphasize the need for accurate accounting and the flexibility required in planning to adapt to changing business conditions. Ultimately, they highlight how a structured approach to budgeting and forecasting can lead to profitable growth and reduced stress in managing a business. Sound Bites "Cash is king.""The budget is a P&L forecast.""Winging it only gets you so far." Takeaways Budgeting provides a clear picture of cash flow.Understanding cash flow is essential for daily decision-making.A structured budget helps in achieving profitable growth.Accurate financials are crucial for effective budgeting.Flexibility in planning allows for better adaptation to changes.The three phases of financial management are accounting, forecasting, and real-time measurement.Marketing and sales forecasts should be based on historical data.Cash flow forecasting is vital for inventory management.Regular reviews of budgets and forecasts help identify issues early.Building a budget requires collaboration across different business functions. Chapters 00:00 Introduction to Budgeting and Forecasting 02:32 The Importance of Budgeting in Business 05:13 Understanding Cash Flow and Its Impact 07:39 The Three Phases of Financial Management 10:22 Building a Budget: The How and Who 12:55 Marketing and Sales Forecasting Strategies 15:35 The Role of Agencies in Marketing 18:17 Lessons Learned from Outsourcing Marketing 20:52 Forecasting for Growth: The 10 Million Dollar Brand 21:59 Annual Cash Flow Forecasting: Strategies and Scenarios 24:13 The Importance of Team Collaboration in Financial Planning 26:01 Navigating Cash Flow and Budgeting Challenges 28:31 The Role of Profitability in Business Growth 30:36 Planning vs. Plans: The Importance of Strategic Flexibility 35:11 The Impact of Profit Focus on Business Operations Work with LedgerGurus https://ledgergurus.com/ecommerce-accounting-services/

    38 мин.
  3. E1: 2025 Ecommerce Trends & Financial Implications

    1 ЯНВ.

    E1: 2025 Ecommerce Trends & Financial Implications

    In this episode of The Ecommerce Finance Podcast, Stephen Brown and Kelley Birrell discuss the key ecommerce trends for 2025, focusing on market growth, digital marketing challenges, the impact of interest rates and tariffs, the potential of TikTok Shop, the role of AI, supply chain issues, and the implications of the de minimis rule. Takeaways The ecommerce market is showing positive growth heading into 2025. Digital marketing efficiency is a critical area for brands to focus on. Interest rates are projected to decrease, but inflation remains a concern. New presidential administration should be good for business, except for... Tariffs could significantly affect profit margins for ecommerce businesses. TikTok Shop presents new opportunities for sales but could be banned. AI tools are transforming marketing and content creation for ecommerce. Supply chain disruptions are expected, particularly with potential strikes at ports. The de minimis rule may change, impacting international drop shipping. New marketing avenues are emerging. Chapters 00:00 Introduction to E-commerce Trends 00:44 Positive E-commerce Market Outlook 04:19 Challenges in Digital Marketing Efficiency 08:12 Mixed Trends: Interest Rates and Inflation 13:17 Business-Friendly Policies and Regulations 15:32 Tariffs and Their Impact on E-commerce 17:25 Navigating Tariffs and Cost Management 20:24 The TikTok Shop Dilemma 25:16 AI's Impact on E-commerce 29:05 Supply Chain Complexities 33:09 Understanding the De Minimis Rule 36:30 New Avenues for Sales and Marketing Work with LedgerGurus https://ledgergurus.com/ecommerce-accounting-services/

    41 мин.

Об этом подкасте

Hosted by Stephen Brown, COO of LedgerGurus and co-owner of DTC brand Sole Toscana, this podcast is your go-to resource for mastering the financial side of ecommerce. Stephen and his team have worked with hundreds of brands through LedgerGurus which specializes in ecommerce accounting. Add to that his hands-on experience with Sole Toscana, gives him unique insights into the challenges and opportunities ecommerce businesses face. On The eCommerce Finance Podcast, we dive deep into the financial side of ecommerce. Any topic is open for discussion as everything you do in business has a financial impact. Be prepared to go deep with experts and brand leaders on a variety of topics with an understanding of their financial impacts. Join us as we bring you practical tips, expert insights, and real-world strategies to help you thrive with ecommerce. Tune in and transform your ecommerce business today!

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