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E-COMMERCE ACCOUNTING BASICS

FOR BEGINNERS

AN E-COMMERCE ACCOUNTING RESOURCE LIKE NO OTHER

Endless information at your fingertips!

 
 
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Over 50 lessons full of E-commerce Accounting information!

Plus, guides and templates for easy reference.

Get E-COMMERCE ACCOUNTING BASICS now!

 
 

Take a look at the topics covered!
 

+ 1 - Setting Up Systems

  • Getting Organized
  • Monthly Accounting Routine
  • What to Do If You Have an Accounting Mess
  • Receipt Management
  • Big Picture Review Tips - What Are You Really Making?
  • Basic Revenue & Expense Tracker

+ 2 -Software Options

  • GoDaddy vs. QuickBooks vs. Xero
  • What are the Pros and Cons of Xero vs. QuickBooks?
  • What Version of QuickBooks Should I Use?

+ 3 - Inventory

  • Inventory vs. Cost of Goods Sold (COGS)
  • How Does the IRS Define COGS?
  • Various Methods and Tools for Tracking Inventory
  • Ending Inventory from Seller Central
  • Why and How to Embed a "Buy Cost" in Your SKU
  • How Do QuickBooks and InventoryLab Relate to Each Other?
  • How to Import Historical Inventory Data into InventoryLab
  • Damaged or Donated Inventory

+ 4 - Recording Sales

  • Amazon
  • eBay
  • Other E-commerce Platforms
  • Merch by Amazon
  • How to Cancel a Subscription or Recurring Payment in PayPal

+ 5 - Working With a CPA

  • Difference Between a Bookkeeper, Accountant, CPA, and Enrolled Agent
  • Do You Need a CPA with E-commerce Experience?
  • How to Review a Bookkeeper's Work

+ 6 - Taxes!

  • What to Gather for Your CPA for Year-End Tax Preparation
  • Amazon 1099-K Explained
  • Common Deductible Business Expenses
  • Tips on Tracking Mileage for the Mileage Deduction on Your Tax Return
  • Collecting Sales Tax
  • Home Office Deduction - Simplified Option
  • Independent Contractor vs. Self-Employed
  • Travel Meals & Entertaiment
  • All About Estimated Taxes
  • Are E-commerce Cruises Tax Deductible?

+ 7 - General Guidance

  • Entity Structure
  • What is a Balance Sheet and Why Does it Matter?
  • Cash vs. Accrual Accounting
  • Fixed Assets vs. Office Equipment Expense
  • Top 10 Mistakes Made by E-commerce Sellers

+ 8 - Other Misc. Topics

  • Prep Center Fees
  • Inbound Shipping and Bonds
  • Gift Cards
  • What is the True Cost of Daily Funds Factoring Service for Amazon Sellers?
  • Debt - Principle and Interest - How to Create an Amortization Schedule

+ 9 - Tools We Like

  • Hubdoc
  • Dropbox
  • Evernote
  • Transaction Pro (for importing to QuickBooks)
  • CSV to QBO
  • A2X
  • Easy Auction Tracker
  • Small Business Administration (SBA) and SCORE