Retail & E-Commerce Chart of Accounts (COA) Mastery

What Will You Learn?

• Design and evaluate a GAAP-compliant retail & e-commerce COA
• Correctly capitalize inventory purchases and avoid premature expensing
• Accurately recognize Cost of Goods Sold (COGS) only upon sale
• Properly recognize retail and e-commerce revenue
• Correctly account for sales tax as a liability, not revenue
• Record discounts, promotions, refunds, and returns as contra-revenue
• Reconcile payment-processor clearing accounts and fees accurately
• Distinguish freight-in (capitalized) from freight-out (expensed)
• Identify and avoid common retail audit and sales-tax findings