Question
Will adding another sales channel like Rivly just make my accounting more complicated?
Answer
No, not at all. We have simple statements and monthly tracking of Cost of Goods Sold (COGS) for our sellers.
Sellers can input their cost basis for each SKU on Rivly and after the month ends, we will provide your COGS for you.
Our payouts to sellers are on the 1st and 16th of every month which means pay periods do not span separate months.
Also, you have the option to invite an accountant with limited user access if you'd like (the "analyst" role is perfect for this).
In addition, we are currently working on integrations with Quickbooks and Xero to make this process even more seamless. This feature will be available soon.