Managing Inventory and Accounting Together: Best Practices for Online Retailers Running an online retail business in India is no small deal. Online retailers face unique challenges, from managing stock levels to balancing financial books. Efficient inventory and accounting management are the backbone of any successful e-commerce venture. Adopting the right practices and tools can save time and increase profitability. Let’s explore the importance of integrating inventory and accounting, common challenges, and best practices tailored for Indian e-commerce businesses. Challenges in Managing Inventory and Accounting Simultaneously Managing inventory and accounting together can feel like juggling multiple tasks at once. Some common challenges include: Data Discrepancies: When inventory and accounting systems operate separately, mismatches in stock levels and financial records often occur. Manual Errors: Manually tracking inventory and accounting increases th...