The company provides ease and convenience of cloud software that provides emerging online sellers and social media influencers with modern day tools to help navigate the financial side of their business.
June 20, 2020 —
Toronto, ON – Upwrd Digital is pleased to announce its automated online accounting setup—created specifically to help startups, social media influencers, online entrepreneurs and small businesses, keep track of their finances. Although based in Toronto, the company has clients all over the world and is rapidly gaining a stellar reputation for its innovative, automated services, that, save time, money, and, most importantly, provide peace of mind.
With the rise of social media over the last couple of years, a new economy has emerged. According to Upwrd Digital, there are hundreds of influencers, usually individuals with followings of 5,000 or more, on social media. They are emerging every single day on platforms such as Instagram, YouTube, Twitter, TikTok and Facebook.
Online sellers on Shopify, Amazon, Etsy, Alibaba are similarly growing at an exponential rate. According to Statistica, there are between 12 million to 25 million e-commerce websites around the world and it is expected that the digital space will see 3 billion online consumers in 2020 alone.
Many influencers start their content creation journey merely to fulfill a hobby or talent and share it with the world on their channels. All of the sudden their following increases at a rapid rate. They begin scoring free gifts from brands, earning money from post features, collaborating with other influencers, making appearances on podcasts, selling products, going on trips and more. The moment influencers begin earning income from their content, their social profile is no longer just a hobby, it is now a business that needs to be managed. This is where influencers are finding it difficult to track their earnings, and a large population either doesn’t realize they have to, or simply don’t know how.
As wonderful as the opportunities might be for those who have the talent to succeed in the business, many of them are young and inexperienced in managing business finances and were never taught, that, they need to systemize and document their expenses and earnings. Influencers that are new to earning money are often caught by surprise at how much tax they have to pay because they ignored the importance of keeping track of their earnings.
Upwrd provides an easy solution, helping clients with all accounting-related tasks and ensuring that tax returns are filed correctly and on time. The company also helps protect influencers and online sellers from being personally liable in the event of a lawsuit or a marketing campaign that’s gone sour, by incorporating their business when the time is right.
Upwrd Digital’s automated accounting setup is seamless and extremely popular with influencers and online sellers. They are able to take pictures of all purchase receipts that will seamlessly record expenses in a cloud accounting system. Clients can also check the profitability of their business on the go and present their financial picture to lenders, investors, banks, or endorsers easily.
Not to mention, Upwrd performs this automated setup in less than 10 days.
Upwrd Digital is also community conscious and has helped small businesses grow by offering free accounting technology consultations to small businesses in need during the COVID 19 pandemic.
For more information, visit the website at https://www.upwrdcompany.com.
Release ID: 88964599