InventoryLab: An Inventory Solution
Are you looking for ways to save time and money in processing and analyzing your inventory? At bookskeep, many of our clients are utilizing a third-party listing service called InventoryLab. This online software allows you to scan the item into the software, print and attach the individual label, and sort the item into the correct […]
The Importance of Working with an Ecommerce Bookkeeper
Year-end is approaching, and many of us may feel unprepared for the financial tasks ahead. Whether you need to organize this year’s financial information or implement a better system for the new year, an experienced ecommerce bookkeeper can be your savior. What qualities should you seek when searching for this crucial member to join your […]
Find Your Yellow Tux
I was so inspired to meet Jesse Cole of the Savanah Banana’s at ProfitCon 2016. Jesse was our closing speaker and we were on our feet and crying and laughing. It was a great way to send us off to fight entrepreneurial poverty!
ProfitCon 2016 Awards
After attending ProfitCon 2016, the conference focused on Profits, I’ve had time to reflect on all the activities. It’s not about greed; rather, we recognize that small businesses drive our economy, yet 80% of them fail within 5 years. As Profit First Professionals, our mission is to eradicate entrepreneurial poverty by empowering others to understand […]
Client Spotlight: Mark Brenwall and eFinity Studios
Mark Brenwall gets the award for “Client in the Most Exotic Location.” We enjoy working with Mark because he is proactive in managing his business and he is constantly trying to improve his systems. We love being on his team and want you to know a little more about him.
Client Spotlight: Carole Rains of Emu Joy
This Client Spotlight focuses on Emu Joy. Carole throws herself into learning and is always looking to improve! We have been working together on Profit First for many months and it’s nice to see her progress and growth in the business.
Freight and Shipping: COGS or Expense?
When you are calculating the cost of your products, how do you handle the freight? Is it included in your cost of goods sold calculation? Or do you pay it from an expense account designated for freight or shipping?
Items in Transit – Are They Considered Inventory?
As with many accounting questions the answer is, “that depends…” Here’s the scoop.
Amazon Sellers, InventoryLab, and Modified Cash Accounting
Most Amazon sellers start as small hobby businesses and often prefer the cash method of accounting. It’s simple and similar to managing personal finances, where sales are considered income, and expenses are recorded when payments are made. Cash flow is easily understood with this approach. Small businesses can use the cash method until their annual […]
Cyndi Thomason on the Unstoppable Entrepreneur Show w/ Robyn Johnson
Our founder Cyndi Thomason, spoke with Robyn Johnson about using Profit First to help small businesses succeed. This is a free podcast episode, featuring Cyndi, on The Unstoppable Entrepreneur Show with Robyn Johnson | Selling on Amazon, Ebay, and More.