Our philosophy at bookskeep is to work only with those tools and systems that are proven to be top-notch in their field; those that provide a user-friendly platform, generate easy-to-access reports and help us to operate more effectively for our clients. We look for these criteria in both our internal tools and tools that our […]
As your e-commerce business grows, you’ll reach a point where expanding your team becomes a possibility. This signifies your hard work paying off and your business’s success. If you’ve adopted Profit First, you might have reached this stage sooner, thanks to its effective processes for growth. Congratulations on your commitment to your business and its […]
At bookskeep, we take pride in using the best tools out there to provide the most accurate bookkeeping records for our clients. Some of these tools and systems are the latest and greatest; others are well-established, reliable systems that have been around for a while. While we’re always looking for ways to streamline and be […]
I think it’s always good to spend a little time now and then reflecting on your business; keeping in tune with the heartbeat of your operations. Are you managing things well? Understanding your numbers and producing financials that are providing you with an accurate picture of your business’s current health?
Do you have a clear understanding of your business expenses, inventory, and profits? If not, it’s time to implement the Profit First system. This system helps you manage cash and track spending effectively, so you know exactly how much to allocate for inventory orders, when to pay suppliers, and when to settle credit card bills. […]
At Amazon and ecommerce events, the topic of leaving the “day job” often arises. Many entrepreneurs aspire to make this leap, while others who have already done so wonder if it was the right decision. It’s a common goal that sparks conversations and reflections among attendees.
Many business owners, including those in ecommerce, often ask themselves, “Can I afford to hire someone?” It’s a challenging question, especially in the cash flow and inventory-driven ecommerce industry, where seasonal fluctuations can create a balancing act. This can lead to operating in debt and irregular paydays. However, the Profit First methodology provides solid information […]
“My Profit & Loss report indicates profit, but where’s my money? This common question from new clients stems from a misconception held by many. While profits might seem like cash in the bank, it’s not entirely accurate. Let’s delve into this issue and explore why this misconception exists. Your Profit and Loss Statement (P&L) reveals […]
Cyndi Thomason answers questions about her attendance at SellerCon 2019 Q: What is SellerCon all about? What is the purpose behind this event?
By now, if you’ve read anything I’ve written, you know that I am passionate about Profit First. I use it in my business and I even wrote my own book about it, Profit First for Ecommerce Sellers. However, as an Amazon Accountant there are times when Profit First is not the answer. If you are […]
