2 Key Aspects of Financial Statements and What They Tell You
From the 1st to the 15th of each month, our team is scrambling to ensure we get financials out to our clients because we know the sooner we get the data in their hands, the sooner they have data for solid decision-making. I wonder though, how quickly do our clients open the reports once they receive […]
Your Financial Statements Wear Many Hats
“Know your numbers” is a common phrase when we advise our clients. No one has ever asked me which numbers and why? But I think these are good questions, so I’m going to give you a rundown on the important numbers. Let’s start by getting clear about the purposes your financial statements serve. Just like […]
How To Prepare Your Amazon PPC for a Profitable Q4
by guest blogger, Laura McCaul, Co-founder of Sponsored Profit For many Amazon sellers, Q4 is their most lucrative time of the year. In 2019, Amazon generated total net sales of 87.44 billion U.S. dollars in Q4 alone! If you want to get in on the action this Q4, it’s crucial that you prepare your Amazon […]
Inventory Basics—What Every Ecommerce Seller Needs to Know
For the past four weeks now, I’ve been discussing inventory—how to plan for it, how to count it, and how to manage it once you have it. Important basics that all ecommerce sellers must know in order to run their business successfully and profitability. Based on conversations and feedback I’ve received over the years about […]
Fiddle.io – Inventory Management and More!
I recently invited our friend, Taylor Howe at Fiddle.io to share a little about Fiddle, the online platform for managing inventory, sales, sourcing, and manufacturing. Here’s what he had to say about this dynamic program! Why Fiddle? Physical product brands, at their core, need to be excellent at producing incredible products that their customers love. […]
How Well Do You Know Your Inventory Numbers?
Inventory is EVERYTHING! It is what will generate the cash to make your business hum. Keeping up with it may not be sexy or fun like marketing can be, but it is crucial in order to have a successful ecommerce business. As we work on “renovating” the accounting system for clients, we are often asked to explain the difference between the […]
Make Profit the Habit in Your Ecommerce Business
One thing I find myself reminding people of over and over is that profit is not an event—a one-time, “Hey, I did it!” kind of thing that happens at tax time, if you’re lucky. To make real profit, consistently, it has to become your habit. Like anything else, if you have a plan and stick […]
Exiting Tips from a Recent Amazon Seller
To listen to the full video interview, click here. This week, we’re talking with Christian, who recently sold his Amazon business. As a valued bookskeep client, we have followed Christian through this process and have been there to help make sure his numbers were accurate and complete—a must-have when working with prospective buyers! Christian shares […]
Top 9 Tips for Selling your Ecommerce Business and Livin’ the Dream!
Since I first began working with ecommerce clients, and most especially this past year, I have had numerous discussions with ecommerce sellers who have been in some stage of selling their business. Some have just begun to think about it. Others are knee-deep in the process, and many have been on the downhill side, tying […]
