Inspiring Leadership Tips from Today’s Top Influencers
Leadership—That’s a deep and a broad subject, and in these uncertain times we are critically aware of its importance. I have been a leadership junkie for many years. That’s why I’m always looking for new leadership tips. In my corporate career, I had the great privilege of meeting Dr. Stephen Covey at one of his […]
“What Are the Drivers for Ecommerce Profitability?”
In this series on Using Your Financial Statements, we've talked about the Profit and Loss Statement, Balance Sheet and Cash Flow Statement. Now let's look at how they are connected and what makes them profitability drivers your ecommerce business accounting. The 5 Drivers and Where to Find Them This simplified financial statement graphic shows how [...]
Ecommerce Businesses Ask, “What is Important on My Cash Flow Statement?”
To wrap up our series on financial statements, we’re going to dive into the final statement that helps you manage your numbers—the Cash Flow Statement. This statement is the most difficult to understand when it comes to ecommerce bookkeeping.
Ecommerce Businesses Ask, “What is Important on My Balance Sheet?”
When you pull your financial statements, what do you look at first? Chances are you go straight to the net profit line. Last week, in addition to the net profit number, I shared other aspects of your Profit and Loss report that you should be evaluating. This week let’s look at the Balance Sheet to […]
Keeping Your Financials Strong During the COVID-19 Crisis
These last few months have been a wild ride for our clients. Some sold more in April than in Q4. Some were laying off employees and pivoting to merchant fulfilled. Most were applying for the SBA loans, both the PPP and the EIDL. The ecommerce business has really been all over the map. I hope […]
Ecommerce Businesses Ask, “What is Important on My P&L?”
As a business owner, you should be reviewing your financials every month. These reports are the pulse of your business. But what exactly are you looking for? Let’s break down what’s important on your Profit & Loss (P&L) sheet!
Client Spotlight: Damoteddy Ecommerce
For a new business owner who isn’t really familiar with how the books work, keeping up with your ecommerce bookkeeping can be confusing. You know your numbers are important, but you may not know exactly what they mean or how to sort through them. Read about this experience in our client spotlight with Damoteddy Ecommerce!
Introducing Progress Masters Ecommerce Business Advisory Service
The Fix This Next framework we have been discussing in our weekly blog and bookskeep BUZZ for the last several weeks has worked so well for us, allowing us to zero in on the needs of our clients. For some time, we have realized that our ecommerce bookkeeping clients need our help beyond just knowing […]
Fix This Next Series: Are You Building a Business to Leave a Legacy?
“As an entrepreneur, you have been given the platform to influence countless others and to do it on a permanent basis.” Mike Michalowicz makes this powerful point in Chapter 8 of Fix This Next. Do you think about the power you will have once you master the other levels of the Business Hierarchy of Needs? […]
