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Amazon Seller Course

Why Should You Care About Your Amazon Accounting?

Accounting is one of the most crucial aspects of running an Amazon business. Through accounting, you can keep track of the income and expenditures of your business and access the financial information necessary in making business decisions.

However, very few entrepreneurs know what they’re in for when it comes to Amazon accounting. Diving into the business arena without the necessary skills or tools for accounting spells trouble for entrepreneurs.

Even if you understand the basics of accounting, ecommerce accounting is its own beast. From collecting sales tax to processing returns, booking freighted inventory to calculating COGS, there are peculiarities to selling online that a generic accounting course won’t prepare you for. In order to be successful in a niche like ecommerce, you’ll need specialized instruction that caters directly to the challenges of the market.

Luckily, you can easily learn accounting by enrolling in our Amazon accounting course.

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Course Description

Course Description:

Our Amazon seller course aims to teach ecommerce business owners about their business’s financials. Sellers who feel like they’re lost in the woods when it comes to understanding their finances, who don’t know where their money is going, or who just want to make their good business great will gain insight into their accounting and learn how to get their cash flow under control. Contact us to enroll in our Amazon accounting course today.

Business Leadership Skills You Will Gain from our Amazon Accounting Course:

  • Develop clean investor-grade books without the cost of an outsourced accounting professional
  • Set up accrual accounting for your business
  • Understand the basics of Quickbooks Online as an ecommerce business owner
  • Learn how to organize your Chart of Accounts in order to better understand where your money is going
  • Manage your Cost of Goods Sold and inventory month-over-month
  • Get ahold of your sales tax strategy

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Business Leadership Skills You Will Gain from this Course
Course Topics Include:

Course Topics Include:

  • Amazon Accounting Basics & How to Gain Control of Your Numbers
    • What is Amazon Bookkeeping & Why Should I Care about Accounting
    • Cash vs. Accrual Accounting
    • Accounting Software QBO, Xero, and the rest...
  • Amazon Bookkeeping Basics
    • Managing Bank Transactions
    • Reconciling Accounts
  • Setting Up Quickbooks Online Correctly for an Ecommerce Seller
    • Getting Started with Quickbooks Online
    • Your Chart of Accounts: How Do the Numbers Work?
    • Chart of Accounts for A2X
    • Handling Multiple Currencies & Bank Account Integration
    • Setting Opening Balances & Dealing with Old Accounting Data
  • Handling Shopify & Other Sales Channels
    • Using Clearing Accounts to Properly Capture Non-Amazon Sales
    • How to Capture Non-Amazon Sales with a Monthly Journal Entry
    • Paypal
  • Amazon Sales & the Magic of A2X Accounting
    • Chart of Accounts for A2X
    • How to Set Up Your A2X Account
    • Mapping A2X Properly
    • Troubleshooting A2X & Correcting Errors
    • Manual Options Outside of A2X
  • Cost of Goods Sold & Inventory
    • Costing of Inventory
    • Simple vs Loaded COGS
    • A2X for Cost of Goods Sold
    • Inventory Management Software Tools
    • Calculating Ending Inventory & Reconciling Inventory
  • Other Amazon Accounting Issues in Ecommerce Businesses
    • Sales Tax for Ecommerce Sellers
    • The Finished Product: Investor Grade Books
    • Bonus Video: How Profitable Should I Be?
    • Appendix: Free Downloads

How Bad Bookkeeping Impacts Your Amazon Business:

Capital isn’t enough to run a business and make it successful — implementing good accounting practices is just as important.

Without good accounting practices, your business could experience these problems:

 Lack of Clarity

Lack of Clarity

If you don’t understand your data, you don’t have a clear picture of your business. Without a robust accounting and bookkeeping system, you will be clueless about how much your business earns, how much each department costs, and whether your business is financially sound.

When you operate a business without a strong accounting system in place, you’ll be wading through meaningless numbers and relying on outdated and inaccurate data.

Unclear Goals

Unclear Goals

As an entrepreneur, it’s essential to have a vision for the future to ensure that your business continues to operate and earn profits. However, with an inadequate accounting strategy, planning for the future can become a challenge.

Without good accounting practices, setting short and long-term goals, tracking benchmarks, and measuring progress will seem impossible.

Cash Flow Issues

Cash Flow Issues

Cash flow problems can eventually rise if you don’t have any sound bookkeeping processes in place. With bad bookkeeping, your business will incur overdrafts on accounts or fall short on available credit. Operating without a solid accounting system means you can’t know where your money is going, creating problems for your business in the future.

Negative Workplace Culture

Negative Workplace Culture

Employees suffer when a business’s accounting falls through the cracks. Bad bookkeeping can result in late paychecks, bringing down company morale, and just as importantly, financial misconduct is impossible to spot.

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Learning Outcomes

Learning Outcomes:

  • Thorough knowledge of Amazon Accounting Principles
  • Know Where Your Money Is Going
  • Feel confident in navigating Quickbooks Online
  • Make data-driven decisions for your business
  • Understand and implement accounting concepts like reconciliation of accounts, Cost of Goods Sold, Quickbooks journal entries, collecting sales tax, and more

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“Tyler’s course was absolutely amazing! He walks you through everything and shows you how to do everything in Quickbooks, which was exactly what I needed. What I really like most was Tyler’s explanation of why we were doing these things.”

- Kevin Burgos

Tyler Jefcoat

CEO of Seller Accountant

Your Instructor:

Tyler Jefcoat is the CEO of Seller Accountant and an ecommerce accounting expert. Tyler provides financial coaching for sellers totalling more than $100 million per year in ecommerce sales. He also leads the Sellers Roundtable, an exclusive mastermind group for seven- and eight-figure sellers. Before founding Seller Accountant, Tyler was the Co-Founder and Managing Partner for Care to Continue, a home health care company that grew from zero to 100 employees in four years.

Amazon Seller Course Frequently Asked Questions

Is the course 100% online?

Is the course 100% online?

Yes! The Amazon accounting course is conducted entirely online at your own pace. We suggest having your Quickbooks Online account open while completing the course, as well as your Seller Central account.

How long does it take to complete the course?

How long does it take to complete the course?

This Amazon seller course takes approximately 3.5 hours to complete. The course consists of both videos and written text, broken into seven sections.

Do I need to take the course in a specific order?

Do I need to take the course in a specific order?

No. Feel free to jump around to the areas that are relevant to you and your business.

What background knowledge is a prerequisite?

What background knowledge is a prerequisite?

Very little background knowledge is required for this course. Our Amazon accounting training and bookkeeping course is designed for those who are complete newcomers to the world of accounting.

What will I be able to do after taking this course?

What will I be able to do after taking this course?

You will be able to do your own accrual accounting with a Quickbooks Online subscription and without paying for an outsourced service.

Amazon Seller Course Frequently Asked Questions