The beginning of a new year is always a good time to look ahead and think about the progress you want to make in your business during the coming months. Will this be the year you add new platforms for selling your products, expand your product offerings, or move to a better accounting system? All […]
As all good business owners know, the key to accurate financials is accurate data. What goes into those numbers determines what your financial reports are going to tell you. You want to ensure that you’re getting an accurate picture of your business’ current health. One thing I talk about quite often is cash on hand. […]
When the amazing folks at Teikametrics.com invited me to their webinar to discuss “Advanced Accounting Tips to Grow Profits for Your Ecommerce Brand” I was happy to oblige! During the webinar, we offer Amazon and other ecommerce sellers advanced tips on understanding profitability, saving money, calculating COGs and more.
Inventory is the life-blood of ecommerce sellers. You must have it on hand and be able to replenish it when needed in order to keep your business running. Tracking inventory, on the other hand, can be quite the tricky deal. To do this properly, it’s important to understand how to record inventory on your books, an area that many ecommerce sellers struggle with.
I have recently had a few questions from ecommerce sellers about how to manage their profit allocations when Amazon withholds a reserve. This week’s blog will specifically address the implications to your Profit First allocations and how to manage them if a reserve has been withheld. I will also address how to use your Profit […]
During the last 3 years, A2X has been an indispensable accounting tool that we have used to simplify the ecommerce bookkeeping process for many of our ecommerce clients. Through this partnership, we have helped sellers make more money, pay less tax, have a precise understanding of their finances, and focus on higher-value tasks instead of […]
The leaves are turning and the days are noticeably shorter. Year end is not far away and 4Q sales opportunities are in the front of everyone’s mind. As you’re working your way through the next three months, here are a few items you should be checking off your list so you’re in the best financial […]
Have you noticed that I’ve had a bit of a blog theme going the past several weeks? If it seems like I’ve been talking a lot about tools and systems, you’re right! Why? Because our business (and likely yours, too) could not function without the right tools in place. At least, not as effectively. The […]
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 […]
