Chart of Accounts for Ecommerce Sellers
In a foreign country where you don’t speak the local language, simple tasks like ordering coffee or asking for directions become challenging. To ease the process and ensure effective communication, you would need a bilingual translator who can bridge the language gap between you and the locals.
Year-End Accounting Checkup
We’re counting down on this year’s calendar, so it’s time to get your accounting records in order. The “tax time” clock starts ticking on January 1 with a couple of deadlines hitting on January 31. Here’s what you can be doing now to prepare your records so you don’t feel quite so rushed after the […]
3 Ways to Maximize the Value of Your Amazon Business by Optimizing Systems
Amazon sellers and e-commerce in general provides entrepreneurs with many opportunities and benefits that aren’t typically available to traditional brick and mortar retailing, such as:
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?