Learn to Speak Ecommerce with a Customized Chart of Accounts
Let’s face it, understanding financial statements can be tricky. To many ecommerce businesses, reading a financial statement is like trying to read a foreign language you’re not well-schooled in. You almost need a translator to explain the various classes, categories, and columns! Oftentimes, this is not a problem of you simply not understanding, but more […]
What’s So Special About an Ecommerce Bookkeeper?
The beginning of a new year is always a good time to look ahead and think about the progress you want to make in your business during the coming months. Will this be the year you add new platforms for selling your products, expand your product offerings, or move to a better accounting system? All […]
Ecommerce Tax Time—Breaking it Down Makes it Easy!
This week’s blog is the last in our 4-part series on preparing for year end and tax time. Q4 is typically a stressful time for ecommerce business owners. The tasks we’ve covered in this series can help ease that stress by breaking the task list down into pieces, with a few tasks to accomplish each […]
Tax Time—Ease the Anxiety by Following These Easy Steps!
In Week 2 of our 4-part blog series on preparing your ecommerce business for year-end and tax time, we discussed bank statements, owner pay, expenses, and 1099 filings. Hopefully, you added these tasks to your calendar and were able to knock them out over the course of the week. This week, we’ll look at the […]
New Year’s Resolutions for Entrepreneurs
What are you hoping to achieve next year as an entrepreneur? Do you want more profit, more time with family, more sales, to learn a new skill or software tool? What is one thing you can do to make that change stick? First, get clear on your goals. Quantity is important here. If you have […]
Preparing for Year-end One Task at a Time
Last week, I began a 4-part blog series on preparing for the year-end and tax time. In this series, I’m outlining tips on how to prepare for year-end and tax time without the stress that typically plagues ecommerce business owners this time of year. How did you do with your tasks for Week 1? Let’s […]
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 […]
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. […]