In our world of online education, where knowledge is transformed into lucrative opportunities, entrepreneurs are capitalizing on the e-learning boom like never before.

Running an online course business can be super rewarding, but it also comes with its fair share of challenges. One of the key elements that can make or break your venture is the use of contracts. In this blog post, we'll explore the importance of contracts in your online course business and why they are crucial for your success. We’ll also be linking to our favorite resources for affordable contracts.

1. Clarity and Expectations: Contracts serve as a formal agreement between you and your students. They outline the terms and conditions of the course, payment terms, refund policies, and more. Having these details in writing ensures that both parties are on the same page from the outset. It helps to manage expectations and prevent misunderstandings down the line.
2. Legal Protection: Running an online course...

We’re testing out KAJABI payments over at our sister brand, The Ambitious Bookkeeper. What we’ve noticed so far…

It isn't as easy as reconciling Stripe or PayPal.

As Xero users, we're able to link PayPal and Stripe as bank accounts in Xero. This enables automatic daily feeds of transactions allowing us to have a real time view of sales. When we switched over to KAJABI payments, we lost this ability, and the ability to see individual sales and transaction fees.

Why is tracking individual sales important?

First, let's chat about why it's important to track each individual sale in your accounting system.

1. You want to be able to understand which programs, courses, products, etc are profitable, so you want to track each transaction that comes in. This allows you to setup "rules" in your accounting system for each product, coding it to a specific revenue stream. For example:
   • Digital Products
   • Coaching
   • Signature Program
   • Consulting
2. Another reason is to be able...