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5 Common Bookkeeping Mistakes by Amazon Sellers

As an Amazon Seller the margin for error can be thin and the difference between a successful business and a fledgling one often lies in the details of how your business is managed. That’s why it's important to understand not just the best practices of running a store but to have a strong understanding of the pitfalls and mistakes that can be avoided. 

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Improve Amazon ROI: The Comparison Report for Amazon Sellers

The art of comparison isn't just an academic exercise; it’s a crucial business strategy, especially for those in the competitive world of Amazon businesses. Imagine you're scaling a steep cliff, the view from each new vantage point shifts and offers fresh insight into your ascent – such is the power of benchmarking in scaling the heights of retail success - a benchmark opens your eyes to what is possible.

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eCommerce Inventory Tracking Guide

For some eCommerce businesses, inventory is something that is best left to someone else. This is why dropshipping or 3PL is such a common practice. However, if you want to have control over your own inventory, you’ll need to find a way to accurately account for every item under your purview.

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Best Accounting Software For Amazon Sellers

Many Amazon Sellers who are just starting out might be able to get by with Amazon’s built-in reports. While they are very limited, these reports can accommodate sellers who just make a handful of sales per month or use Amazon as a side hustle.

Learn more

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How To Scale Your Amazon Business With Data

How To Scale Your Amazon Business With Data

It’s not always easy to get the hang of Amazon’s internal algorithms. As a general rule, products that have a better selling history will rank higher in Amazon’s search results. However, selling history isn’t the only factor to consider, and a good selling history still won’t guarantee that your products get seen ahead of the products of your competitors. This is why it is so important to analyze up-to-date and accurate data when you want to make more sales, create more opportunities, and ultimately scale your Amazon business.
Read more
Hidden Costs When Selling On Amazon Which Affect Profitability

Hidden Costs When Selling On Amazon Which Affect Profitability

At first glance, selling on Amazon seems like the perfect way to build a strong, profitable eCommerce business. After all, Amazon is the largest eCommerce website in the world, and it gives your store unprecedented access to consumers across the globe. However, there’s a catch. Actually, there are quite a few catches. The reality is that it is not free (or even cheap) to sell products on Amazon.
Read more
Amazon Seller Fees - 2024 Guide

Amazon Seller Fees - 2024 Guide

As an Amazon Seller, fees can seem like the bane of your existence. You work so hard to sell and market your products, only to see your profits hampered by endless fees.
Read more
eCommerce Accountant Guide

eCommerce Accountant Guide

Accounting is a profession that, in many ways, has stayed the same for well over a century. However, the advent of eCommerce businesses has brought new complexities to accounting work, and has even led some bookkeepers and accountants to specialize in eCommerce accounting. While you may not be an accountant yourself, you will need to understand the ins and outs of eCommerce accounting to determine if an eCommerce accountant is the right choice for you and your business.
Read more
Amazon Seller Bookkeeping - Automate Your Bookkeeping With ConnectBooks

Amazon Seller Bookkeeping - Automate Your Bookkeeping With ConnectBooks

Maintaining accurate and organized bookkeeping is more important than ever. Your competitors are likely already doing it, and the only way to stay a step ahead in eCommerce is to put the best possible business practices and technologies to work for yourself. As an Amazon seller, you’re likely familiar with the complexities of managing individual transactions, tracking expenses, and staying compliant with local, state, national, and even international tax regulations. It can be a lot to manage on your own, which is why so many eCommerce businesses are turning to automated bookkeeping solutions like ConnectBooks.
Read more
Inventory Management For Amazon Sellers

Inventory Management For Amazon Sellers

Having Amazon inventory is a double-edged sword. On the one hand, you have items to sell; on the other hand, you have to figure out a way to store, ship, and track every single item. It can be overwhelming, and if you don’t have a system in place, you could end up losing money and customers. Fortunately, Amazon makes it pretty easy to choose how you want to manage your inventory.
Read more
Walmart Marketplace Seller Fees - 2024 Guide

Walmart Marketplace Seller Fees - 2024 Guide

Walmart stands out as one of the largest retailers in the United States, with a substantial hold on various market segments ranging from clothing to fresh produce. In 2009, Walmart launched its online marketplace, giving eCommerce businesses access to millions of potential customers across the United States (and dozens of countries around the world). However, having access to so many people isn’t free. If you’re unfamiliar with selling on Walmart and the marketplace fees that come with it, you should continue reading.
Read more
QuickBooks For Amazon Sellers - The Integration Which Works

QuickBooks For Amazon Sellers - The Integration Which Works

A lot of online business owners treat QuickBooks as the be-all and end-all of eCommerce bookkeeping — and for good reason. QuickBooks simply does more than most other accounting software options out there, and typically at a better price point. But if you specifically sell on Amazon, you might wonder if QuickBooks is actually the right solution for you.
Read more
Cost Of Selling On Shopify - 2024 Fee Guide

Cost Of Selling On Shopify - 2024 Fee Guide

Shopify is one of the most popular eCommerce platforms in the world, giving thousands of online businesses a streamlined way to build a website, display products, and process sales. However, with so many benefits, it’s no surprise that Shopify is not free to use. In fact, there are literally dozens of different costs to consider when creating an eCommerce store through Shopify.
Read more
eCommerce P&L Guide

eCommerce P&L Guide

It’s easy to get bogged down in all of the different data and financial reports compiled while running an eCommerce business. Though you should always stay on top of your finances and work to make sense of the information at your disposal, it’s particularly important to understand profit and loss (P&L) statements and how they can help you build sustained growth and profitability in the eCommerce space. Naturally, a financial statement won’t magically make your eCommerce store more profitable, but it will give you a lot of the tools you need to understand how to cut costs and maximize profits.
Read more
Best Accounting Software For Shopify

Best Accounting Software For Shopify

Shopify bookkeeping and accounting can take a toll on your patience. While Shopify is an excellent eCommerce platform, it doesn’t always make it easy to know how much you’re making and, just as importantly, how much you’re spending on things like shipping and fees. This can make it challenging to ascertain the viability of your business and determine how much money you’re actually making when all is said and done.
Read more
QuickBooks Commerce Alternatives For eCommerce Sellers

QuickBooks Commerce Alternatives For eCommerce Sellers

Customers of QuickBooks Commerce have really been thrown for a loop. Not only has the popular inventory order management tool been slowly taken away from customers all around the world since 2022, but it has been officially discontinued for everyone as of August 2023. This leaves many small and midsized eCommerce business owners scrambling to find a decent QB Commerce alternative. Fortunately, if you find yourself in this situation, there you can get access to all of the same features and plenty of extras by combining your existing QuickBooks plan with ConnectBooks and a quality third-party inventory and order-tracking solution.
Read more
Chart Of Accounts For eCommerce Businesses

Chart Of Accounts For eCommerce Businesses

If you’re trying to upgrade your eCommerce accounting, you’ll need to learn about a Chart of Accounts (COA). While you don’t have to be a CPA to understand the concept and use it to make better decisions for your business, a COA will often serve as the backbone of your accounting processes. Surprisingly, many entrepreneurs are not well-versed in COAs or how they work in the context of an eCommerce store.
Read more
Calculating COGS In eCommerce Accounting

Calculating COGS In eCommerce Accounting

As an eCommerce business owner (or future eCommerce business owner), you might have already come across the COGS acronym before. It is a vital part of eCommerce accounting, but it’s also something that many beginners do not understand. And even if you have a thriving online retail business, you may not fully grasp what COGS means or how you can put it to use in your accounting processes.
Read more
Amazon FBA Vs Shopify

Amazon FBA Vs Shopify

Deciding which selling channels to use for your eCommerce store is a huge part of planning your business. While many business owners choose to sell on more than one channel, you’ll only want to pick selling channels that can meet your needs. Some are objectively better than others, but many of the biggest players in the business — like Amazon FBA and Shopify — are great all-around options.
Read more
Guset Blog - CTC - Demystifying GST: A Guide for Online Businesses in Canada

Guset Blog - CTC - Demystifying GST: A Guide for Online Businesses in Canada

Read more
Guest Blog - intelliRank - Creating a Connection: Elevating your Brand through Amazon Posts

Guest Blog - intelliRank - Creating a Connection: Elevating your Brand through Amazon Posts

Read more
Amazon Seller Analytics - Analyze & Profit From Your Data

Amazon Seller Analytics - Analyze & Profit From Your Data

Figuring out how much you’re making, how much you need to make, and how much you could be making is integral to running an Amazon business. Fortunately, some of the information you need is already built into the platform via Amazon’s business reports. That said, these reports on their own don’t offer much insight or enhanced Amazon sales analytics. For this reason, it’s important to consider what kind of additional data you need to evaluate profitability.
Read more
Best Accounting Software For eBay Sellers

Best Accounting Software For eBay Sellers

Thousands of entrepreneurs have built thriving businesses on eBay. Whether you’re just getting started as an eBay seller or you’ve been working in the eCommerce space for years, you need to make sure that your accounting practices are providing value to your business. Accounting often feels like an afterthought, especially if you believe that your business is doing well. But the reality is that you cannot know all of the most important KPIs and sales metrics unless you’re accurately tracking your costs. This is why you need to invest in eBay accounting software ASAP.
Read more
Is Selling On Amazon Profitable?

Is Selling On Amazon Profitable?

Whether you’re just starting out as an Amazon Seller or you’ve been managing an online business on the platform for a while now, you may be wondering if it is a profitable endeavor over the long term. Naturally, profitability is highly dependent on a wide range of factors, from product selections to market conditions.
Read more
Reconciling Shopify Sales To Bank Deposits

Reconciling Shopify Sales To Bank Deposits

Shopify is a leading e-commerce platform that enables businesses to create and manage their online stores with ease. It provides a range of tools and features designed to help entrepreneurs build, launch, and grow successful e-commerce businesses.
Read more
Bookkeeping For eBay Sellers Guide

Bookkeeping For eBay Sellers Guide

Bookkeeping can be a headache for any eCommerce business, but it is particularly challenging for eBay sellers. Like many other selling channels, eBay doesn’t always organize the information you need in helpful ways.
Read more
Landed Cost in eCommerce - Definition & Calculation Formula

Landed Cost in eCommerce - Definition & Calculation Formula

When you run an eCommerce business, you have to know exactly how much every item costs. Unfortunately, this isn’t always easy, especially when the cost of getting products to their destinations varies with each and every product.
Read more
Amazon Seller Accounting Guide

Amazon Seller Accounting Guide

As an Amazon Seller, you almost have no choice but to turn to third-party platforms to handle your bookkeeping and accounting needs. Though Amazon does offers a multitude of reports, no single report provides a complete picture of your business finances.
Read more
eCommerce Bookkeeping Guide

eCommerce Bookkeeping Guide

Bookkeeping for eCommerce comes with its own unique challenges. While brick-and-mortar businesses may have more than enough bookkeeping and accounting functionality with QuickBooks, eCommerce businesses often need to supplement QuickBooks with third-party add-ons and programs.
Read more
GoDaddy Bookkeeping Alternatives For eBay, Amazon & Shopify Sellers

GoDaddy Bookkeeping Alternatives For eBay, Amazon & Shopify Sellers

If you run an eCommerce business for more than a year or two, you’ve probably come across GoDaddy Bookkeeping. For years, GoDaddy offered solid, reliable eCommerce bookkeeping to a wide variety of freelancers and small businesses.
Read more
Best way to do your bookkeeping and accounting for your Amazon business

Best way to do your bookkeeping and accounting for your Amazon business

Reselling and drop-shipping have become all the rage as people hear stories of others "striking it rich" and wanting their slice of the pie. There are videos, how-to's, and courses that explain almost every aspect of getting started with selling on Amazon.
Read more
Join the Globalization of eCommerce

Join the Globalization of eCommerce

Global eCommerce has been expanding year on year at a rapid pace. Even the coronavirus pandemic can’t keep down sales. But while COVID-19 sparked an international economic downturn, causing a lot of people to pull back on the amount they were spending on offline retail, many consumers moved to shop online to avoid the risks of infection.
Read more
featured

How To Scale Your Amazon Business With Data

It’s not always easy to get the hang of Amazon’s internal algorithms. As a general rule, products that have a better selling history will rank higher in Amazon’s search results. However, selling history isn’t the only factor to consider, and a good selling history still won’t guarantee that your products get seen ahead of the products of your competitors. This is why it is so important to analyze up-to-date and accurate data when you want to make more sales, create more opportunities, and ultimately scale your Amazon business.

featured

Hidden Costs When Selling On Amazon Which Affect Profitability

At first glance, selling on Amazon seems like the perfect way to build a strong, profitable eCommerce business. After all, Amazon is the largest eCommerce website in the world, and it gives your store unprecedented access to consumers across the globe. However, there’s a catch. Actually, there are quite a few catches. The reality is that it is not free (or even cheap) to sell products on Amazon.

featured

Amazon Seller Fees - 2024 Guide

As an Amazon Seller, fees can seem like the bane of your existence. You work so hard to sell and market your products, only to see your profits hampered by endless fees.

featured

eCommerce Accountant Guide

Accounting is a profession that, in many ways, has stayed the same for well over a century. However, the advent of eCommerce businesses has brought new complexities to accounting work, and has even led some bookkeepers and accountants to specialize in eCommerce accounting. While you may not be an accountant yourself, you will need to understand the ins and outs of eCommerce accounting to determine if an eCommerce accountant is the right choice for you and your business.

featured

Amazon Seller Bookkeeping - Automate Your Bookkeeping With ConnectBooks

Maintaining accurate and organized bookkeeping is more important than ever. Your competitors are likely already doing it, and the only way to stay a step ahead in eCommerce is to put the best possible business practices and technologies to work for yourself. As an Amazon seller, you’re likely familiar with the complexities of managing individual transactions, tracking expenses, and staying compliant with local, state, national, and even international tax regulations. It can be a lot to manage on your own, which is why so many eCommerce businesses are turning to automated bookkeeping solutions like ConnectBooks.

featured

Inventory Management For Amazon Sellers

Having Amazon inventory is a double-edged sword. On the one hand, you have items to sell; on the other hand, you have to figure out a way to store, ship, and track every single item. It can be overwhelming, and if you don’t have a system in place, you could end up losing money and customers. Fortunately, Amazon makes it pretty easy to choose how you want to manage your inventory.

featured

Walmart Marketplace Seller Fees - 2024 Guide

Walmart stands out as one of the largest retailers in the United States, with a substantial hold on various market segments ranging from clothing to fresh produce. In 2009, Walmart launched its online marketplace, giving eCommerce businesses access to millions of potential customers across the United States (and dozens of countries around the world). However, having access to so many people isn’t free. If you’re unfamiliar with selling on Walmart and the marketplace fees that come with it, you should continue reading.

featured

QuickBooks For Amazon Sellers - The Integration Which Works

A lot of online business owners treat QuickBooks as the be-all and end-all of eCommerce bookkeeping — and for good reason. QuickBooks simply does more than most other accounting software options out there, and typically at a better price point. But if you specifically sell on Amazon, you might wonder if QuickBooks is actually the right solution for you.

featured

Cost Of Selling On Shopify - 2024 Fee Guide

Shopify is one of the most popular eCommerce platforms in the world, giving thousands of online businesses a streamlined way to build a website, display products, and process sales. However, with so many benefits, it’s no surprise that Shopify is not free to use. In fact, there are literally dozens of different costs to consider when creating an eCommerce store through Shopify.

featured

eCommerce P&L Guide

It’s easy to get bogged down in all of the different data and financial reports compiled while running an eCommerce business. Though you should always stay on top of your finances and work to make sense of the information at your disposal, it’s particularly important to understand profit and loss (P&L) statements and how they can help you build sustained growth and profitability in the eCommerce space. Naturally, a financial statement won’t magically make your eCommerce store more profitable, but it will give you a lot of the tools you need to understand how to cut costs and maximize profits.

featured

Best Accounting Software For Shopify

Shopify bookkeeping and accounting can take a toll on your patience. While Shopify is an excellent eCommerce platform, it doesn’t always make it easy to know how much you’re making and, just as importantly, how much you’re spending on things like shipping and fees. This can make it challenging to ascertain the viability of your business and determine how much money you’re actually making when all is said and done.

featured

QuickBooks Commerce Alternatives For eCommerce Sellers

Customers of QuickBooks Commerce have really been thrown for a loop. Not only has the popular inventory order management tool been slowly taken away from customers all around the world since 2022, but it has been officially discontinued for everyone as of August 2023. This leaves many small and midsized eCommerce business owners scrambling to find a decent QB Commerce alternative. Fortunately, if you find yourself in this situation, there you can get access to all of the same features and plenty of extras by combining your existing QuickBooks plan with ConnectBooks and a quality third-party inventory and order-tracking solution.

featured

Chart Of Accounts For eCommerce Businesses

If you’re trying to upgrade your eCommerce accounting, you’ll need to learn about a Chart of Accounts (COA). While you don’t have to be a CPA to understand the concept and use it to make better decisions for your business, a COA will often serve as the backbone of your accounting processes. Surprisingly, many entrepreneurs are not well-versed in COAs or how they work in the context of an eCommerce store.

featured

Calculating COGS In eCommerce Accounting

As an eCommerce business owner (or future eCommerce business owner), you might have already come across the COGS acronym before. It is a vital part of eCommerce accounting, but it’s also something that many beginners do not understand. And even if you have a thriving online retail business, you may not fully grasp what COGS means or how you can put it to use in your accounting processes.

featured

Amazon FBA Vs Shopify

Deciding which selling channels to use for your eCommerce store is a huge part of planning your business. While many business owners choose to sell on more than one channel, you’ll only want to pick selling channels that can meet your needs. Some are objectively better than others, but many of the biggest players in the business — like Amazon FBA and Shopify — are great all-around options.

featured

Guset Blog - CTC - Demystifying GST: A Guide for Online Businesses in Canada

featured

Guest Blog - intelliRank - Creating a Connection: Elevating your Brand through Amazon Posts

featured

Amazon Seller Analytics - Analyze & Profit From Your Data

Figuring out how much you’re making, how much you need to make, and how much you could be making is integral to running an Amazon business. Fortunately, some of the information you need is already built into the platform via Amazon’s business reports. That said, these reports on their own don’t offer much insight or enhanced Amazon sales analytics. For this reason, it’s important to consider what kind of additional data you need to evaluate profitability.

featured

Best Accounting Software For eBay Sellers

Thousands of entrepreneurs have built thriving businesses on eBay. Whether you’re just getting started as an eBay seller or you’ve been working in the eCommerce space for years, you need to make sure that your accounting practices are providing value to your business. Accounting often feels like an afterthought, especially if you believe that your business is doing well. But the reality is that you cannot know all of the most important KPIs and sales metrics unless you’re accurately tracking your costs. This is why you need to invest in eBay accounting software ASAP.

featured

Is Selling On Amazon Profitable?

Whether you’re just starting out as an Amazon Seller or you’ve been managing an online business on the platform for a while now, you may be wondering if it is a profitable endeavor over the long term. Naturally, profitability is highly dependent on a wide range of factors, from product selections to market conditions.

featured

Reconciling Shopify Sales To Bank Deposits

Shopify is a leading e-commerce platform that enables businesses to create and manage their online stores with ease. It provides a range of tools and features designed to help entrepreneurs build, launch, and grow successful e-commerce businesses.

featured

Bookkeeping For eBay Sellers Guide

Bookkeeping can be a headache for any eCommerce business, but it is particularly challenging for eBay sellers. Like many other selling channels, eBay doesn’t always organize the information you need in helpful ways.

featured

Landed Cost in eCommerce - Definition & Calculation Formula

When you run an eCommerce business, you have to know exactly how much every item costs. Unfortunately, this isn’t always easy, especially when the cost of getting products to their destinations varies with each and every product.

featured

Amazon Seller Accounting Guide

As an Amazon Seller, you almost have no choice but to turn to third-party platforms to handle your bookkeeping and accounting needs. Though Amazon does offers a multitude of reports, no single report provides a complete picture of your business finances.

featured

eCommerce Bookkeeping Guide

Bookkeeping for eCommerce comes with its own unique challenges. While brick-and-mortar businesses may have more than enough bookkeeping and accounting functionality with QuickBooks, eCommerce businesses often need to supplement QuickBooks with third-party add-ons and programs.

featured

GoDaddy Bookkeeping Alternatives For eBay, Amazon & Shopify Sellers

If you run an eCommerce business for more than a year or two, you’ve probably come across GoDaddy Bookkeeping. For years, GoDaddy offered solid, reliable eCommerce bookkeeping to a wide variety of freelancers and small businesses.

featured

Best way to do your bookkeeping and accounting for your Amazon business

Reselling and drop-shipping have become all the rage as people hear stories of others "striking it rich" and wanting their slice of the pie. There are videos, how-to's, and courses that explain almost every aspect of getting started with selling on Amazon.

featured

Join the Globalization of eCommerce

Global eCommerce has been expanding year on year at a rapid pace. Even the coronavirus pandemic can’t keep down sales. But while COVID-19 sparked an international economic downturn, causing a lot of people to pull back on the amount they were spending on offline retail, many consumers moved to shop online to avoid the risks of infection.

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