Your Money at Amazon—Do You Know Where it is?
Are you receiving all the money owed to you by Amazon? How can you ensure that you are? In last week’s blog, we learned from Yoni Mazor of GETIDA about collecting FBA Reimbursements.
Return of the PPP—Key Points Ecommerce Sellers Should Know
Just before the New Year, the new Consolidated Appropriations Act of 2021 was passed. My colleague and bookskeep financial advisor, Anna Popke of Majestic Oak Financial, summarized a few key aspects that ecommerce business owners need to keep in mind.
3 Things to Help Ecommerce Sellers Identify Real Profit
Now that another year is in the books, my hope is that your bank accounts are full as a result of great year-end sales and careful financial management. If you haven’t already, you will soon be preparing your records for your tax provider. As we send out year-end financial statements to our clients, we often […]
Could You Use More Profits in Your Ecommerce Business in 2021?
2020 is in the books! How did you do? With the new year just beginning, now is the perfect time to look at your P&L and Balance Sheet to check the health of your business. I also recommend that you run your Profit Assessment, as well. Even if you did this earlier in the year, […]
It’s Almost Tax Time: Are You Ready?
As 2020 has come to an end and the flurry of Q4 and the holidays are just happy memories, we now get to turn our attention to everyone's least favorite topic: taxes. Bookskeep has you covered when it comes to ecommerce accounting and bookkeeping. Staying Current Can Ease Tax Time Headaches If you've been organized [...]
Ecommerce Sellers Need to Know–Preparing 1099s Can Be Easy!
Are you preparing for the upcoming tax season? At bookskeep, we are looking ahead and planning throughout the year to make certain our clients have the reports they need as they prepare for tax time when January rolls around. There are many tasks involved in these preparations. One of them is issuing 1099s. Bookskeep has […]
Why Gross Margin is the Bottom Line for Ecommerce Sellers
In real estate we often hear the top three things that matter most are Location, Location, Location. For ecommerce sellers our mantra should be Margin, Margin, Margin! Gross Margin or Gross Profit is a number every seller should know. I hear a lot of talk about ROI, and that is important as you make sourcing […]
Profitability and Cash Flow – How Do I Keep Score?
If you're a sports fan, you most likely keep a close eye on "the numbers." And not just the goals or runs. You may be that person who pours over the stats of key players, the team’s overall record for the season, etc. You follow the numbers and you understand them. Am I right? It's [...]
PPP Loan Forgiveness—The Latest Update for Your Ecommerce Business
It’s been a few months since we talked about the Paycheck Protection Program (PPP) loans that many of you received earlier in the year. We have been monitoring the guidance issued by the Treasury Department and the Small Business Administration (SBA) and trying to keep tabs on the “talk” that Congress may forgive loans up […]
A Cool Transcription Tool for Ecommerce and Other Businesses
Like most of us, do you tend to have your best ideas while driving or exercising? Brainstorming about your next product launch, or coming up with cash flow questions to ask your bookkeeper on your next call? The thoughts are flowing and you want to get them recorded so they don't slip away! In today’s [...]