Retail & e-commerce
One ledger for the floor and the storefront
In-store, online and shipping are three different kinds of revenue that arrive as one bank feed. Owwyl separates them nightly, along with the freight and packaging that quietly decide the margin.
What the close has to get right
01
Shipping collected is revenue, shipping paid is cost
They are separate accounts and they rarely match. Netting them hides whether your shipping policy is costing you money on every order.
02
In-store and online are told apart
Two revenue accounts, because they carry different cost structures and one of them is usually subsidizing the other without anyone knowing.
03
Packaging is separated from cost of goods
Boxes and mailers scale with order count, not with product cost. Combined, neither number is usable.
04
Merchant fees have their own line
Processing is a real cost of selling and it belongs where you can see it, not absorbed into a payout figure.
When it is not sure
It holds the row.
A refund, a chargeback and a returned-goods credit look alike in a feed and mean three different things. Anything the engine cannot tell apart is held rather than assumed.
The template
18 accounts, ready on the first night
This is the actual chart of accounts Owwyl creates for retail & e-commerce — not an example. Rename anything, add anything, delete what you do not use. The ledger is yours.
Revenue
Cost and expense
Owwyl also closes the books for
Close tonight on your own numbers.
Connect a bank account and an inbox. See a real close before you pay anything.
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