Anyone who has ever needed to set up a bank account knows what a hassle it can be. Between having to make a trip to the bank, waiting out the long lines, and filling out paperwork, one small account can take a huge chunk of time and energy. If you’re trying to set up accounts […]
Everyday is an exciting day here at bookskeep, but today is an exceptionally exciting day! We are down to the wire preparing for our company retreat and celebration of the 5th birthday of our business! It’s been an amazing ride so far! I am extremely grateful and proud of the company we have built and […]
Having just closed the third quarter, most ecommerce sellers are preparing to pay their Q3 sales tax and anticipating what their Q4 tax liability might be. Yes, it’s that time again. Were you prepared with the funds you needed when that tax bill arrived in your mailbox? Will you have the funds there and ready […]
The “busy-ness” is ramping up in the Amazon world as sellers prepare for the 4th quarter holiday season. Before you get caught up in all the action, take a few minutes now to prepare your strategy and it will make executing much easier during the busy time.
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’s current health?
Do you have a clear understanding of your business expenses, inventory, and profits? If not, it’s time to implement the Profit First system. This system helps you manage cash and track spending effectively, so you know exactly how much to allocate for inventory orders, when to pay suppliers, and when to settle credit card bills. […]
At Amazon and ecommerce events, the topic of leaving the “day job” often arises. Many entrepreneurs aspire to make this leap, while others who have already done so wonder if it was the right decision. It’s a common goal that sparks conversations and reflections among attendees.
Many business owners, including those in ecommerce, often ask themselves, “Can I afford to hire someone?” It’s a challenging question, especially in the cash flow and inventory-driven ecommerce industry, where seasonal fluctuations can create a balancing act. This can lead to operating in debt and irregular paydays. However, the Profit First methodology provides solid information […]
By now, if you’ve read anything I’ve written, you know that I am passionate about Profit First. I use it in my business and I even wrote my own book about it, Profit First for Ecommerce Sellers. However, as an Amazon Accountant there are times when Profit First is not the answer. If you are […]
Many businesses experience fluctuations in sales, with highs and lows that can be particularly challenging for ecommerce sellers. Surviving lean times, planning inventory, and managing operating expenses require careful consideration. The process can be overwhelming and stressful. That’s why having a solid cash strategy year-round is crucial. To navigate the ups and downs, three elements […]
