financial goals Archives

Revamp Your Financial Management

In the ever changing world of ecommerce, having robust financial systems in place is essential for managing growth, maintaining stability, and driving profitability. Yet, many businesses grapple with disorganized or inadequate financial systems, which can lead to a host of operational challenges. Almost every client we see at bookskeep has struggled with these kinds of […]

October 22, 2024 View Article

A Step-by-Step Guide to Reviewing Your Profit & Loss Statement

As an ecommerce business owner, understanding your financial health is critical to sustaining and growing your business. One of the most powerful tools at your disposal is the Profit & Loss Statement. This document not only reflects your company's performance over a specific period but also provides insights into areas where you can optimize for [...]

July 23, 2024 View Article

How to Keep Your Ecommerce Inventory Accurate

Now that the year is officially halfway over, it’s time for a true up. Maintaining accurate inventory records is essential for assessing profitability and ensuring your financial statements are correct. A quarterly inventory true up can help you achieve this by reconciling the physical count of inventory with your books. Here’s a a quick guide [...]

July 16, 2024 View Article

How to Manage Inventory Without Financial Strain

As an ecommerce entrepreneur, managing inventory often feels like an endless cycle. Constant borrowing to fund inventory can strain your cash flow and make it difficult to achieve financial stability. Unlike brick-and-mortar stores, ecommerce businesses face unique inventory challenges, adding to the confusion. However, there are proven strategies to break free from this cycle. Let’s [...]

July 9, 2024 View Article

Debt or Don’t? What’s Right for Your Ecommerce Business

In the fast-paced world of ecommerce, financial challenges are inevitable. As a seller, you might find yourself considering debt as a quick fix. Don’t get me wrong, debt is not always a bad thing for growth, but is it truly your only option? Understanding the types and implications of debt can help you make that [...]

July 2, 2024 View Article

Conquer Q3 with Expert Ecommerce Accounting Tips

As we enter the third quarter next week, ecommerce businesses must focus on fine-tuning their financial strategies to ensure continued growth and profitability. Profit First provides a great set up to review your business and make sure you’re prepared for what’s to come. Here are some essential steps to help you navigate this Q3 with [...]

June 25, 2024 View Article

Manage Inventory Like A Pro in 2024

We are getting excited about our upcoming webinar with Chelsea, founder and CEO of SoStocked! We want to remind you to join us tomorrow, January 17th at 11am PST/2pm EST to learn how to tackle inventory this year and stay on top of upcoming Amazon fee changes. Save your spot now! Why We Recommend SoStocked [...]

January 16, 2024 View Article

Simplifying Inventory Management and Amazon Fees with SoStocked

In the fast-paced world of ecommerce, managing inventory efficiently is crucial for the success of any online seller. That's where SoStocked, an innovative inventory management software, comes into play. SoStocked is a powerful tool designed by an Amazon Seller to streamline inventory management for Amazon sellers, making it easier than ever to stay on top [...]

January 8, 2024 View Article

Rekindling the Passion: Celebrate Your Ecommerce Business

Happy 2024! 2023 brought us all plenty of challenges, but we made it. This time of year always gets me thinking about a conversation I had once with Beth Fynbo, the visionary behind Busy Baby, LLC, and her thoughts always resonate with me when thinking about the upcoming year. With her remarkable journey of taking [...]

January 2, 2024 View Article

Allocate Your Profits for the New Year

As we embark on a new year, it's a perfect time to contemplate how we can strengthen our businesses and ensure they flourish in the months ahead. One common strategy that often surfaces is the idea of reinvesting profits. While it seems like a logical approach, there's a fresh perspective worth exploring. Particularly when your [...]

December 26, 2023 View Article

Tag Archives: financial goals