digiDZN introduces eComically.com: Simplifying Tax and Payment Reports for E-Commerce Sellers
21st June 2023, New Delhi- In an ever-evolving world of e-commerce, staying on top of marketplaces’ tax and payment reports can be a daunting task for sellers. digiDZN thinks that all sellers should be allowed to use and benefit from e-commerce. They intend to equip online business owners with the tools they need to easily handle the intricacies of tax and payment reporting with the launch of eComically.com.
eComically – Economics of E-commerce aims to simplify the reports e-commerce sellers get from marketplaces by providing a business-owner-friendly version that helps one make better decisions.
Launching eComically.com, Sangeeta Verma, Director at digiDZN – & digiCART India said” The newest offering from us is eComically.com, a SAAS solution designed specifically to make tax and payment reporting straightforward, and the company couldn’t be more excited to share it. We feel that with the launch of this platform, sellers will be able to make better judgments. The company was aware of the challenges faced by online business entrepreneurs, hence, eComically was introduced, which will offer a user-friendly version for business owners and will aid in decision-making, demonstrating how e-commerce aims to simplify the marketplace reports that e-commerce vendors receive”
eComically.com relieves stress by automatically generating streamlined account reports. These reports can be used to enter transactions with the necessary record-keeping into your accounting programme. The profitability of each SKU must be understood in order to make informed business decisions. With eComically.com, one can rapidly calculate the profit or loss per unit for any SKU. In order to provide the user with exact insights into the profitability of their products, the company’s software uses payment information from marketplaces.
This further allows users to fine-tune pricing strategies and identify issue areas. It is essential to keep track of payments for each order in order to maintain a healthy cash flow. eComically.com provides a complete order-by-order payment report that includes useful information on the per-unit profit and loss for each purchase ID.
On the launch of the platform, Manish Verma, Founder at digiCART India said ‘To get rid of the discomfort caused by preparing reports manually, eComically.com, is launched. The tool creates a streamlined tax report for filing GSTR-1. Our clever software automatically extracts the relevant information from marketplace tax reports, making it quick and simple for sellers and their chartered accountants to use it for filing. It can be challenging and time-consuming to record e-commerce transactions in your account books when working with many marketplaces.’ The tool will certainly make the process faster and simpler.
One can instantly identify any irregularities by keeping track of the payment status and taking the required action to safeguard your revenue. Manage other costs, such as advertising expenses, in order to maintain a clear financial picture. By using payment information from online marketplaces, eComically.com automates this procedure and generates a comprehensive report on miscellaneous expenditures. This feature makes it easier to budget and manage costs by letting you see how different expenses affect your bottom line.
