What to Review on Your Balance Sheet
In our third video blog of our financial statement webinar series, we are discussing the Balance Sheet. This statement holds a lot of valuable information about your business from its inception, so understanding it is a crucial piece to success. What to Review on Your Balance Sheet Let’s dive into the Balance Sheet and the […]
Back to Basics—Business Types and Accounting Methods
For anyone who knows me, you know that I love visiting with folks about their numbers! It’s always a hot topic. I did a 4-part blog series last fall about how to get the most out of your financials, and it was very well received by our industry audience. In fact, it led me to […]
Ecommerce Tax Time—Breaking it Down Makes it Easy!
This week’s blog is the last in our 4-part series on preparing for year end and tax time. Q4 is typically a stressful time for ecommerce business owners. The tasks we’ve covered in this series can help ease that stress by breaking the task list down into pieces, with a few tasks to accomplish each […]
How Cash on Hand Affects Your Financials
As all good business owners know, the key to accurate financials is accurate data. What goes into those numbers determines what your financial reports are going to tell you. You want to ensure that you’re getting an accurate picture of your business’ current health. One thing I talk about quite often is cash on hand. […]
Inventory Basics—Quarterly Inventory True Up
We’re now officially in the back half of the year! Do you know how profitable you are? If you have not done an inventory true up yet this year, I challenge you to take that step now before you get into Q4 crazy days. If you have been booking COGS all year, without looking at […]
Inventory Basics—What Every Ecommerce Seller Needs to Know
For the past four weeks now, I’ve been discussing inventory—how to plan for it, how to count it, and how to manage it once you have it. Important basics that all ecommerce sellers must know in order to run their business successfully and profitability. Based on conversations and feedback I’ve received over the years about […]
Fiddle.io – Inventory Management and More!
I recently invited our friend, Taylor Howe at Fiddle.io to share a little about Fiddle, the online platform for managing inventory, sales, sourcing, and manufacturing. Here’s what he had to say about this dynamic program! Why Fiddle? Physical product brands, at their core, need to be excellent at producing incredible products that their customers love. […]
How Well Do You Know Your Inventory Numbers?
Inventory is EVERYTHING! It is what will generate the cash to make your business hum. Keeping up with it may not be sexy or fun like marketing can be, but it is crucial in order to have a successful ecommerce business. As we work on “renovating” the accounting system for clients, we are often asked to explain the difference between the […]