Next battle is a big one and involves wading through a number of cloud accounting software and trialling them to select one that suits your business the best. Most software seems loaded with bells and whistles that have only marginal utility for e-commerce businesses.

QuickBooks has been the leader in small business accounting for a while. It's flagship cloud based app - QuickBooks Online is a popular choice for online stores. But now it has a serious competitor in Xero. If you are looking for the best accounting software, you will quite likely find yourself at crossroads choosing between QuickBooks Online & Xero. Freshbooks, Sage One and Kashoo are other good options that compete well with QBO and Xero.

The above existing alternatives bring us to the quintessential question. - What is it that e-commerce owners and accountants should consider when selecting a cloud accounting app for e-commerce? Read through this section for a quick checklist :