We are hiring! We are always looking for amazing people to join the growing bookskeep team Apply here

Tag Archives: inventory

An Ecommerce Inventory Love Story

Like every year, January for bookkeepers everywhere was predominantly spent finalizing financial statements for our clients. For us, year-end is akin to any normal month-end; accuracy remains paramount throughout the year. However, this time of year, ensuring precise inventory figures is essential for taxes. Naturally, challenges will always occur.  If, by some stroke of luck, [...]

Manage Inventory Like A Pro in 2024

We are getting excited about our upcoming webinar with Chelsea, founder and CEO of SoStocked! We want to remind you to join us tomorrow, January 17th at 11am PST/2pm EST to learn how to tackle inventory this year and stay on top of upcoming Amazon fee changes. Save your spot now! Why We Recommend SoStocked [...]

Navigating Cash Flow with Inventory Intelligence

Cash flow is the lifeblood of any business, essential for daily operations and future growth. In the guest blog Cyndi wrote for Carbon6, she explains how financial statements like the Profit and Loss Statement (P&L), the Balance Sheet, and the Cash Flow Statement can provide insights into your business's financial health. It’s essential to understand [...]

Sales and Profit: The Core Connection

Sales are often considered the backbone of any business, generating cash and supporting profit. However, merely increasing sales may not always lead to higher profits. To build true stability, businesses must ensure that sales support profitability. The sales process involves five core steps: creating a connection with buyers, securing payment agreements, delivering the product, collecting [...]
Financial Literacy

Navigate Quarter Three Ecommerce Accounting Like a Pro

As an advocate for financial literacy and someone who works specifically with ecommerce businesses, I firmly believe in the power of Profit First to transform the way you run and look at your business. With the Profit First approach, you can ensure your ecommerce business not only thrives but maximizes profitability so you can take [...]

Learn the Love Language of Inventory

As I sit here in the middle of February looking back, it’s obvious that we, of course, spent most of January completing financial statements for our clients. Year-end isn’t much different for us than month-end because we expect to deliver accuracy year-round. However, this time it’s crucial that we have inventory right because of tax […]

Get Yourself Off the Inventory Hamster Wheel

I know I’ve said it before, but I’m going to say it again. I talk to tons of ecommerce entrepreneurs a year and inventory is always one of the top questions. That’s because inventory for ecommerce can be a little trickier than it is for brick-and-mortar stores. So, let’s go over how to avoid getting […]

Wade Into Profitable Waters

I recently had the opportunity to present Profit First to a group of business owners in Philadelphia. After the talk, several told me they were re-energized about trying to get Profit First working in their business. Unfortunately, their stories were ones of failed attempts. I have heard this repeatedly over the years from clients that […]

Quick check up for quarter 4

It’s Time for a Quick Q4 Check-Up!

It’s almost Go Time for ecommerce businesses. Q3 is turning the corner into Q4, which means holiday sales and end-of-year crunch time is fast approaching. Before you put your head down and try to make it through, let’s do a quick check up on you and your business. How is your gross margin?  Are you […]

Selling the Business – Preparation & Exploration

Now that you’ve built up a strong business that is successfully growing, you’re moving into the final stage of the business lifecycle: selling. No matter if you’re selling because the market is right or you’re just ready to pass the torch, you need to be prepared to sell and should thoroughly explore the options so […]