SDG Accountant design accounting and tax solutions specifically for online and eCommerce businesses in mind. Our CPA team of experts will provide you with accurate, efficient, effective and flexible solutions that aim to allow you to spend more time actually running your business and helping it grow and adhere to the complex rules and regulations that are specific to their industry across Canadian provinces and the U.S.
Dropshipping (also referred to as e-commerce) is a retail fulfillment where an enterprise does not store the goods it sells in stock. Instead, when the company sells a product they buy from a third party and that third party ships it directly to the customer. Consequently, the enterprise rarely sees or handles the goods. It simply acts as an intermediary.
The largest difference between dropshipping and retail is that the drop shippers do not stock or own inventory, whereas retailers tend to store inventory. Instead, the drop shipper buys inventory as needed from a third party, most often times a wholesaler, to fulfill orders.