by Jennifer Dunn | Jan 7, 2020 | Cleaning Up Your Books, E-Commerce
The end of the year is flying up fast. For most Amazon sellers, December 31st is also the end of the fiscal year. And that means it’s time to get your books cleaned up for tax time. One vital tax task is valuing your current inventory. This post will walk Amazon...
by Tyler Jefcoat | Dec 9, 2019 | Cleaning Up Your Books, E-Commerce
Here at Seller Accountant, we provide outsourced bookkeeping and CFO services to e-commerce sellers. We love our clients and count ourselves fortunate that so many e-commerce sellers trust us to advise them on their business’s finances. But we’ve noticed that some...
by Jennifer Dunn | Dec 3, 2019 | Cash Flow
One of the big surprises many former employees discover when they make the leap to entrepreneurship is how your relationship with taxes totally changes. As a W-2 employee, your employer is required to withhold taxes from every paycheck and remit them to the...
by Jennifer Dunn | Nov 25, 2019 | Cleaning Up Your Books, Quickbooks Online
How to Read Your Business’s Financial Statements When you’re running any business, knowing how to read financial statements is king. This is especially true in the world of e-commerce with it’s notoriously low margins added to all of its complicated bookkeeping...
by Tyler Jefcoat | Nov 19, 2019 | Profitability, Selling Your E-Comm Store
If your goal is to sell your e-commerce business someday, many factors will determine how much buyer interest you will receive, not to mention your business’s ultimate sale price. These factors include the quality of your products and listings, your systems, team, and...
by Tyler Jefcoat | Nov 13, 2019 | E-Commerce
Spend your time where you’re making your money. – Doug Jefcoat (AKA Dad) Amazon seller often ask us pointed questions like “When should I expand off of Amazon?” or “When should I launch an influencer campaign?” For example, a seller may be considering...
by Jennifer Dunn | Nov 7, 2019 | E-Commerce
Amazon recently announced that they were raising the minimum Inventory Performance Index score from 350 to 400, effective January 1, 2020. What do New Inventory Score Requirements Mean for Amazon sellers? Back in 2018, Amazon implemented an algorithm-driven Inventory...
by Jennifer Dunn | Oct 21, 2019 | Profitability
On this blog we’ve often talked about Sellers Discretionary Earnings (SDE.) This is the number that potential buyers look at when evaluating whether they want to make an offer on your business. But we realize that not every business owner is ready to sell, or even...
by Jennifer Dunn | Oct 17, 2019 | Cash Flow
“Cash flow is the life’s blood of your business.” We’ve all heard this saying a million times by now, but that doesn’t make it any less true. To run a successful Amazon business, you simply have to have enough cash to purchase inventory, pay bills, pay your employees...
by Jennifer Dunn | Oct 15, 2019 | E-Commerce
Are your sales numbers mysteriously down? When you have a complicated Amazon business with varied SKUs you may find yourself struggling to figure out what’s going wrong. At Seller Accountant, we’ve seen several sellers assume that their performance is simply under...
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