How the Right Chart Of Accounts Can Help Organize Your Amazon Business
Creating the Best Chart of Accounts for Your Amazon Business A Chart of Accounts is pertinent for organization of your business, especially when selling on Amazon. The chart of accounts will help you understand your numbers and manage your business more effectively. Financial statements are tricky and some of us spend many hours fussing over […]
Track 1099—Making Tax Time Easier for Ecommerce Sellers
The holidays are a wrap, and not only are we facing a new year, we’re entering a new decade! I can hardly believe how quickly time flies. I can’t help but get excited when I think about all the amazing things the future holds for us! Amazon Seller Tax Information Overload! Regardless of what type […]
Does Your Ecommerce Business Have a Squirrel Fund?
Have you ever noticed how diligent the squirrels are about collecting and burying acorns and other nuts? They are hard workers! Whenever the ground is covered with fallen nuts, you can bet the squirrels will be out there, working like there’s no tomorrow to gather and stash as many as they possibly can. Why? So […]
Finding the Right Bookkeeping Firm for Your Ecommerce Business
Working with an experienced bookkeeping firm to keep your financials in order and most importantly, accurate, is a wonderful asset to your business. Not only can they save you time by not having to handle these activities yourself, they can prepare all your financials so when it comes time to meet with your tax accountant, […]
The Disconnect Between Your Books and Your Cash on Hand
I think it’s always good to spend a little time now and then reflecting on your business; keeping in tune with the heartbeat of your operations. Are you managing things well? Understanding your numbers and producing financials that are providing you with an accurate picture of your business’s current health?
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.
Alibaba: An Untapped Resource for American Sellers
In early October, Cyndi had the pleasure to present at Retail Global Las Vegas. We heard Lee McCabe speak about his position with the Chinese company Alibaba as Vice President of North America. What McCabe had to say about Alibaba and the Chinese involvement in ecommerce was quite exciting.
6 Things to Know Before Issuing 1099s
As the year comes to a close, in addition to the busy selling season, it’s time to ensure you are ready for January and the IRS deadlines for 1099’s. The IRS requires 1099s to be issued to vendors and filed with the IRS by January 31st. There is good news, however, if you have paid […]
bookskeep Value Series: Data Driven
At bookskeep, we believe in defining our goals and values as a team to better serve our clients. We have previously discussed gratitude and learning as key values in helping our business grow, but are now venturing into the importance of being data driven.
bookskeep Value Series: The Value of Gratitude
We have started a value series here at bookskeep to establish our core values that describe who we are, how we conduct ourselves and how we serve our clients. These values include: Learning, Integrity, Communication, Customer Service and Quality. You can find our value on learning here. These core values help our business grow and develop […]