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 [...]
2 Key Aspects of Financial Statements and What They Tell You
From the 1st to the 15th of each month, our team is scrambling to ensure we get financials out to our clients because we know the sooner we get the data in their hands, the sooner they have data for solid decision-making. I wonder though, how quickly do our clients open the reports once they receive […]
Your Financial Statements Wear Many Hats
“Know your numbers” is a common phrase when we advise our clients. No one has ever asked me which numbers and why? But I think these are good questions, so I’m going to give you a rundown on the important numbers. Let’s start by getting clear about the purposes your financial statements serve. Just like […]
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.
The PPP Loan—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. So let’s get into the PPP loan info.
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?
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 Prepared?
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 what to have ready for your tax preparer! Staying Current Can Ease Tax Time Headaches [...]
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 […]
