Everyday is an exciting day here at bookskeep, but today is an exceptionally exciting day! We are down to the wire preparing for our company retreat and celebration of the 5th birthday of our business! It’s been an amazing ride so far! I am extremely grateful and proud of the company we have built and the culture of quality service we promote.
For the next few days, our team will be gathered together improving our ecommerce bookkeeping processes, training on new tools and systems, and brainstorming ways to provide even better service to the ecommerce business industry. We are taking it to the next level and we can not wait to share it with you!
4th Quarter Cash Flow
Not wanting to leave you hanging until next week, I thought now would be a good time to repost one of our previous blogs. For ecommerce businesses, it’s still relevant today; especially now as we’re moving into the 4th quarter. During these next couple of months, many Amazon sellers are focusing on Q4 and preparing to make the most of the holiday shopping season.
Plan for Future Funding
This quarter is typically a big one for Amazon sellers, and cash flow management is critical during this time. By doing a little work now, you can make sure you keep more of the money you make during one of the busiest shopping times of the year. You will see your reward after Q4 when the dust settles.
Take a look at the 3 steps discussed in the blog below that will help you to manage your cash flow now and plan for future funding as you move into the new year!
If your ecommerce business isn’t where you’d like it to be in terms of profitability, check out my book, Profit First for Ecommerce Sellers. It answers important questions about how to implement Profit First in an ecommerce business. Take control of your money and your business, and put Profit First to work for you. Interested in learning more about accounting for Amazon Sellers, contact bookskeep today!
Cyndi Thomason is founder and president of bookskeep, a U.S.-based accounting, bookkeeping, and advisory firm for ecommerce sellers worldwide. She has a passion for data analysis and process development. She uses that passion to educate her clients and help them structure their businesses to maximize profits.
Leave a Comment