How Ecommerce Sellers Can Prepare for Year-end Without the Stress!
Here we are. It’s December already. Q4. That means holiday cheer, peppermint lattes, last-minute shopping, and yes, the dreaded year-end prep time! But does it have to be so stressful? What if you could prepare for year-end and tax time in a more organized fashion and reduce the stress that comes with this time of […]
New to Ecommerce? Get Started on the Right Path Now and Avoid Headaches Later!
The ecommerce business model continues to soar with an almost constant influx of new sellers on Amazon and other online platforms. We see it daily here at bookskeep, both with existing clients and those seeking our help in getting their fledgling businesses started on the right path from the beginning. One of the first pieces […]
Veem—The Only All-In-One Solution for Domestic and International Payments
This is the last of our 4-part series on banking services. In this week’s blog, guest blogger Peter Stewart tells you how Veem.com is an all-in-one solution for domestic and international AP and AR payments, and where Profit First ecommerce sellers can see it AND believe it! Guest blog by Peter Stewart, Accounting Senior Sales Manager, […]
Relay Bank—Debunking 4 Harmful Misconceptions About Business Banking
The 3rd blog in our 4-blog series on banking services is provided by Relay Bank. In it, they debunk 4 common misconceptions about business banking, and share how Relay Bank can help ecommerce businesses break free of them. Guest blog by Matas Pranckevicius, Relay Bank Your bank is the financial nerve center of your […]
AirWallex.com—Offering A Single Source for All Ecommerce Banking Services
In this 2nd blog in our 4-blog series on banking services, we take a look at AirWallex.com, an online service that brings all the ecommerce banking services under one umbrella. Guest blog by Curtis Shoung with Airwallex.com Ecommerce marketplaces have become a major growth opportunity for retailers looking to expand internationally. In this article, we’ll […]
Mercury.com—An Online Solution for Ecommerce Banking
Finding banking services that fit the needs of ecommerce sellers is sometimes challenging, especially for those implementing the Profit First system. We hear this often at bookskeep, and our clients are always inquiring about options and services that are available to them. In addition, the banking world is changing, and the customer experience is front […]
Profit First and Parkinson’s Law—The Way to Conquer the Q4 Season
We have been blown away by the response to the Financial Statement Blog Series! This topic seems to be extremely helpful to our clients and community. If you are interested in learning more about financial statements and what they are telling you about your business, fill out the survey here. It is super short and […]
How Cash on Hand Affects Your Financials
As all good business owners know, the key to accurate financials is accurate data. What goes into those numbers determines what your financial reports are going to tell you. You want to ensure that you’re getting an accurate picture of your business’ current health. One thing I talk about quite often is cash on hand. […]
Understanding The Cash Flow Waterfall in Your Ecommerce Business
“Where does my cash go?” It’s a typical question I hear many times. Along with this one—“My P&L shows I made $400,000, so why don’t I have that much in my bank account?” My favorite graph to illustrate the solution to this problem is the Cash Flow Waterfall. In the example below, we have used […]
What is my Balance Sheet Trying to Tell Me?
What is My Balance Sheet Trying to Tell Me? Your financial statements are like the road maps of your business. They tell you where you’ve been, where you are and where you’re headed. Whether it’s the P&L, Cash Flow Statement, or Balance Sheet, every report you run is speaking to you, telling you something important […]