Credit Card Confusion
In the world today’s world of ecommerce, businesses and credit cards often go hand in hand. In today’s financial landscape, credit cards have emerged as a crucial tool, particularly for ecommerce ventures. As a result, one of the most common questions that pops up when discussing Profit First is, 'Can I still utilize my credit [...]
Announcing the Love Your Business Contest
Calling all business owners and entrepreneurs! It's time to ignite that spark and shower your business with some well-deserved affection. Since February is the month of love, we want you to show your business some love by entering our Love Your Business Contest! 💖 By taking our Business Performance SmartAssessment, you’ll identify those areas of [...]
Building Your Ecommerce Financial Blueprint
Understanding financial statements can feel like decoding a foreign language for many ecommerce folks. It's like trying to read a book without knowing the words. Sometimes, the problem isn't that you don't get it, but rather that the financial blueprint you're using doesn't match your ecommerce business. Building this blueprint starts with your Chart of [...]
Holiday ecommerce: Accounting experts explain the financial KPIs you need to know
For many ecommerce businesses, the holiday season is a pivotal time. How will you measure whether or not it was actually a successful selling season? In this webinar, brought to you by A2X and Fathom, you’ll hear from ecommerce accounting experts Cyndi Thomason, founder of Bookskeep, Saman Izadiyar, founder of Ottit, and Wayne Richard, Partner […]
Unlocking the Power of AI: A Game-Changer in Ecommerce
I recently got to sit down and chat with one of our fantastic bookskeep clients, Phil from CBGSOURCING. Our conversation turned into a great discussion of the world of artificial intelligence (AI) and its significant impact on various industries. He shed light on how AI, particularly tools like Chat GPT and Bard, has become a [...]
Navigating Cash Flow with Inventory Intelligence
Cash flow is the lifeblood of any business, essential for daily operations and future growth. In the guest blog Cyndi wrote for Carbon6, she explains how financial statements like the Profit and Loss Statement (P&L), the Balance Sheet, and the Cash Flow Statement can provide insights into your business's financial health. It’s essential to understand [...]
A Guide to Launching Your Ecommerce Business on Solid Ground
Are you new to the world of ecommerce? Starting off on the right foot is crucial to avoid potential pitfalls down the road. Ecommerce is experiencing rapid growth, and while some business sectors face challenges, new sellers join Amazon every day. Many of these newcomers seek guidance on how to establish a solid financial foundation [...]
Leveraging the Power of Outsourced Ecommerce Bookkeeping
Ecommerce has revolutionized the way businesses operate, enabling entrepreneurs to reach global markets and cater to an ever-expanding customer base. As an ecommerce business owner, you understand the importance of efficiency and accuracy in every aspect of your operations. One crucial aspect that should never be overlooked is bookkeeping. Accurate financial records form the backbone [...]
Relay Makes Ecommerce Banking a Dream
In 2019, while I was attending QB Connect, I stumbled upon Yoseph West with Relay. I quickly became interested in this online banking service and my excitement grew as everything I heard sounded like the perfect addition to my Profit First for Ecommerce Sellers toolbelt. After the event, I went home and decided to chat […]
