Ecommerce Businesses Ask, “What is Important on My Cash Flow Statement?”
To wrap up our series on financial statements, we’re going to dive into the final statement that helps you manage your numbers—the Cash Flow Statement. This statement is the most difficult to understand when it comes to ecommerce bookkeeping.
Ecommerce Businesses Ask, “What is Important on My Balance Sheet?”
When you pull your financial statements, what do you look at first? Chances are you go straight to the net profit line. Last week, in addition to the net profit number, I shared other aspects of your Profit and Loss report that you should be evaluating. This week let’s look at the Balance Sheet to […]
Keeping Your Financials Strong During the COVID-19 Crisis
These last few months have been a wild ride for our clients. Some sold more in April than in Q4. Some were laying off employees and pivoting to merchant fulfilled. Most were applying for the SBA loans, both the PPP and the EIDL. The ecommerce business has really been all over the map. I hope […]
Ecommerce Businesses Ask, “What is Important on My P&L?”
As a business owner, you should be reviewing your financials every month. These reports are the pulse of your business. But what exactly are you looking for? Let’s break it down!
Tool: The 13-week Cash Flow Plan for Ecommerce Sellers
As of this posting, we are about four weeks in from the time the World Health Organization (WHO) declared the Coronavirus outbreak a world-wide pandemic. Once that announcement was made, our world began changing at supersonic speed. For ecommerce business owners, and many others as well, it didn’t take long to begin to see the […]
Ecommerce Businesses – What to Do in Uncertain Times
The COVID-19 situation has impacted everyone in one way or another. Many of us are considering what to do immediately and then next after that. In other words, what’s the plan? The short answer is get good control of your cash. We’ve created a comprehensive guide as a checklist. You can access it here. Here […]
Know Your Data – Stay Compliant with Sales and Use Tax
John Haggerty, Guest Blogger Sales Tax and More
How the Right Chart Of Accounts Can Help Organize Your Amazon Business
Creating the Best Chart of Accounts for Your Amazon Business A Chart of Accounts is pertinent for organization of your business, especially when selling on Amazon. The chart of accounts will help you understand your numbers and manage your business more effectively. Financial statements are tricky and some of us spend many hours fussing over […]
Gross Profit Margins and Financial Health
As a business owner, the success of our business is what we put a majority of our energy into. We look into a lot of different moving parts when it comes to checking the health of our business, but we tend to focus on the top line sales number. Of course, there is no denying […]
