Do you still take the manual route for managing your business accounts? Are you using spreadsheets and other manual labor-intensive tools to get your accounts in place? Have you thought about shifting your business records from manual excel spreadsheets to an automatic digital solution? If not, then you must consider switching to an accounting software, as running an ecommerce business will require not only tracking income and expenses. You need to go beyond that, and understand different business metrics and their performance which changes constantly, for sustainable growth of your business.

There are different business decisions to be made – pricing strategy, product sales, inventory management, and so on, which will keep your business competitive in the market. Also, sorting and recording huge amounts of accounting data manually is inclusive of human-errors and chaos. 

With accounting software handling your ecommerce business, your time and money gets utilized in a better way. It manages all the aspects of your business – data recording, calculating, reporting, and storing data, in a sustainable manner.

Let’s understand how accounting software can help your ecommerce business grow.

1. Automated Cash Flow Management

The UK ecommerce accounting software makes your business finance management easier by simplifying your cash flow management process through automation. Your income and expenses data is automatically input, as the system is integrated with the ecommerce platform, and allows real-time cash flows data updation for every transaction. 

This way, you can easily keep track of your cash flows and decide prudently for the investment purposes – stocks, technology, emergency funds, resources, inventory stocking, etc. 

2. Reporting and Analytics

With real-time data recording and in-built accounts reporting feature, the right UK accounting software provides early decision making with quality reports. It gives you deeper insights into your business performance, processes, and improvement avenues for the same. 

For example, sales data analysis provides data on products selling quantity and price variations, which will help you decide the most sold products and the least sold products. This way you can strategize your inventory and save costs. 

Not only sales, but there are other key metrics which you can track for your business growth like customer refunds, profit and loss, conversion rate, etc. All of these metrics play an important role when it comes to getting a complete picture and understanding how different elements are moving in your business accounts. 

3. Pricing Decisions

To sustain and compete in today’s consumer market, it is important that your pricing is vital to attract new customers and retain existing ones. Considering the business expenses, your pricing should be optimum enough to remain competitive, as well as make profits. 

The UK accounting software empowers you for this ability, where you can easily track how much you’re spending on stocks and how much profit you’re gaining from the sale. This will provide you a precise maximum pricing point which will balance both the costs and the profit. 

Also, you can implement a savings strategy too to maximize your profits, using the analytics feature of the software. That way, you will be able to arrive at the best price points in a way that facilitates your business growth while being honest to your customers. 

4. Budgeting and Forecasting

The UK accounting software is not just limited to automating accounting operations, instead it comes very handy in forecasting finance numbers and preparing budgets. 

You can use the analytics feature and reporting data to easily calculate the budgetary allocations for your business. With real-time data reporting, it becomes precise and prudent. For example, sales data gives you the insights of whether to change the sales strategy, or modify the inventory management. 

This provides the businesses leverage over competitors, with important metrics analysis which contributes to the effective forecasting decisions.

5. Software Integrations

The uk accounting software simplifies the business management by integrating the software with various platforms necessary for overall operations. 

For example, accounting software integration with expense software gives an easy expense tracking pathway – transferring files, exporting data, analysis of reports. You don’t need to work on both the softwares differently when they are integrated together. Simply, your data from expense software will directly be connected with the accounting data, and you get real-time expense reporting. 

Similarly, the uk accounting software also integrates with your mobile application, and allows you to access the data from any location.


Accounting software has simplified the business processes – from recording to tracking to storing the accounting data. It automates the accounts calculations, detects errors, provides efficient reporting tools, integrates with important platforms and mobile applications, and provides deeper insights to metrics like sales, profits, inventory, etc. In doing so, an ecommerce accounting software gives you a chance to get a bird’s-eye view of your business accounts and make proper forecasts and preparations as required. This way your ecommerce business can easily monitor its growth through the uk accounting software.


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Excel is efficient when it comes to accounting. Even if you’re a complete beginner, you can customise an Excel spreadsheet to your own needs. From managing business finances to creating invoices, this program has many uses outside of accounting. You can use it in your professional life, in many fields requiring IT skills. Here are just a few of them:


Accounting software allows you to manage multiple income streams, saving data entry time. Instead of managing all your numbers in several places, you can access them from a single place, using your computer. It gives you peace of mind and easy-to-read at-a-glance reporting.

Accounting software also saves time and effort. By automating tasks and using pre-filled information, accounting software improves efficiency and reduces labour costs. 

Accounting software can also help you make custom reports. Custom reports save a lot of time. Accounting reports provide valuable insight, whether you want to analyse a trend or a growth pattern. By generating financial reports automatically, accounting software makes it much easier to track the overall health of a business. Accounting reports include cash flow statements, profit and loss statements, balance sheets, and cash-flow statements.

Accounting software is often better than spreadsheets. They allow you to perform predictive analysis and predict when accounts receivable or payable will increase. It can give you a clearer picture of your business, leading to more effective financial management. Accounting software is a great alternative to spreadsheets, which can be confusing and time-consuming. However, it is advisable to try out a free trial version of an accounting software before committing to one.


There are several reasons why using accounting software is safer than spreadsheets. While spreadsheets may seem like a more convenient option for certain business processes, they often lack the safety and security of an ERP system. Spreadsheets often contain not audited information and may be exposed to fraud or inaccurate data. These risks can be eliminated when used in conjunction with a software solution. 

Spreadsheets are insecure. Human error is a common cause of data corruption in spreadsheets. Even spreadsheets with password protection are not 100% secure. Financial data is especially susceptible to misuse. Spreadsheets can be helpful for smaller businesses, but they cannot handle the complexities of a more significant business. And they can be hard to use and maintain, requiring different team members to access them and spend a great deal of time on them.

Another advantage of lease accounting software is its ability to provide greater transparency and security. While spreadsheets can be used in this role, they can have numerous risks. For example, spreadsheets cannot be audited and lack data integrity. Also, they do not provide version control or historical tracking, which can lead to data quality and security issues. Lease accounting software also has improved security by giving users a password-protected system.

Accounting software provides many benefits. Numeric Eight team are the experts in cloud accounting software. Before purchasing software, be sure to evaluate your company’s needs. 

Tracking costs

Software spreadsheets are powerful accounting tools. They give users advanced financial layouts, and they can put dependent sections and budgeted items in columns and then calculate the sum of all listed amounts. In addition, individual listed amounts can be changed at will. Another feature of accounting software is tracking recurring costs, such as individual production items. Furthermore, it allows users to share financial information among colleagues easily. Cloud-based accounting software is a good option for small retail businesses.

Ease of Use

Another reason to choose accounting software over spreadsheets is its ease of use. Small businesses don’t typically have in-house accountants, so switching to core software helps them cope with the burden of accounting. Additionally, this software can ease the transition to an outside accountant or dedicated financial professional. These benefits outweigh the drawbacks of using spreadsheets in accounting. The complexity of accounting software can make your life easier, so consider this if you’re considering changing software.

Another reason to choose accounting software over spreadsheets is the level of customization. Spreadsheets can get very personalised over time, so changing data in spreadsheets may be difficult. However, with accounting software, you can maintain all your company’s financial information in one central location. Additionally, bank statements automatically feed into the software, which reduces data entry and potential errors. Finally, accounting software can ensure your financial reports are always up-to-date.

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Your go-to source for the latest in tech, finance, health, and entertainment, with a knack for distilling complex topics into accessible insights, We deliver timely updates on the ever-evolving landscapes of technology, finance, health, and entertainment