This video talks about clearing accounts what they are and why you need them. You may already be familiar with the concept of a clearing account if you’ve used Undeposited Funds in QuickBooks. For ecommerce businesses, the concept is the same. If you have made sales with a shopping cart with the deposit in transit, you don’t want the individual transactions cluttering up your bank account. These transactions should live in their own clearing account for easier identification and reconciliation.

For help with your ecommerce accounting needs, book a free consultation with sales here: https://acuity.co/ecommerceaccountin...

New to Acuity Ecommerce Accounting? Well, let me tell you a little bit about us. We’re here to make ecommerce businesses better.

Acuity Ecommerce Accounting was cofounded by Patti Scharf (CPA).

At Acuity, we specialize in providing accounting and online bookkeeping services tailormade for ecommerce entrepreneurs. With a team of dedicated experts, we've become the trusted financial backbone for over 2,000 entrepreneurs.

We empower you to scale your business efficiently, make more informed business decisions, and free up valuable hours in your week.

To level up your ecommerce accounting, contact us here: https://acuity.co/ecommerceaccountin...

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