The Disconnect Between Your Books and Your Cash on Hand
I think it’s always good to spend a little time now and then reflecting on your business; keeping in tune with the heartbeat of your operations. Are you managing things well? Understanding your numbers and producing financials that are providing you with an accurate picture of your business’ current health?
Chart of Accounts for Ecommerce Sellers
Imagine you’re in a foreign country and do not speak the local language. Even ordering a coffee or asking directions can be a real challenge! To make things go a little smoother, you might need a translator to be able to communicate effectively. Someone who not only speaks the local lingo, but your native tongue, […]
Do I Really Need Inventory Lab and an Accounting Software?
This past week I had the opportunity to visit with 30 hard-working ecommerce sellers at an Amazon Seller Retreat. I had a blast reviewing their accounting books and giving them suggestions. One question that came up several times was “Do I need Inventory Lab and Quickbooks or Xero?” It’s an easy answer – Yes! Let’s […]
Year-End Accounting Checkup
We’re counting down on this year’s calendar, so it’s time to get your accounting records in order. The “tax time” clock starts ticking on January 1 with a couple of deadlines hitting on January 31. Here’s what you can be doing now to prepare your records so you don’t feel quite so rushed after the […]
6 Things to Know Before Issuing 1099s
As the year comes to a close, in addition to the busy selling season, it’s time to ensure you are ready for January and the IRS deadlines for 1099’s. The IRS requires 1099s to be issued to vendors and filed with the IRS by January 31st. There is good news, however, if you have paid […]
Sales Tax 101 for Online Sellers
It can be overwhelming when it comes to collecting and remitting sales tax! TaxJar makes sales tax filing easier for online sellers and merchants across the world. At ASD Market Week, I enjoyed meeting and hearing Jennifer Dunn speak about the basics of sales tax and what TaxJar can do to help your e-commerce business.
How to Avoid Costly Bookkeeping Mistakes for Amazon Sellers
Tyler Henderson spoke with Cyndi Thomason of Bookskeep.com. Cyndi’s not your typical bookkeeper or accountant or tax preparer; she’s a certified Profit First professional with a focus on helping online sellers shift the paradigm so that they can focus on making money and staying profitable rather than just keeping the books clean and up to date. […]
1099 Filings Can Be Avoided – Electronic Payments Rule
At bookskeep, we are looking towards year-end activities, and ahead to the busy month of January. One of the many services we provide for our clients is 1099 preparation. The IRS requires 1099s to be issued to vendors and filed with the IRS by January 31st. There is good news however if you have paid your vendor […]
How To Get Ahead for Tax Season
The days are getting shorter and cooler. You can smell the pumpkin spice lattes everywhere. It must be fall, y’all! At bookskeep, October through December is Tax Planning Season. We believe in being proactive, and we encourage our clients to start early and put in a little work ahead of tax season so they can […]