Feeling overwhelmed by eCommerce bookkeeping?
If you're an eCommerce seller on Amazon, Shopify, or eBay, you've likely discovered that bookkeeping can feel overwhelming.
After all, you started your business to sell your products, not so you could spend your time Googling "bookkeeping and taxes for eCommerce."
But it's important to remember that business finances can make or break an eCommerce store. In addition, getting your financial house in order does not have to be as difficult as you think.
Let me help you get your eCommerce store bookkeeping set-up, so that you can get back to selling!
Bookkeeping for your eCommerce store doesn't have to be painful!
I'll let you in on a secret... if you take time to learn about bookkeeping and taxes for your eCommerce shop at the beginning, you gain so many benefits!
Save time with an automated bookkeeping program like QuickBooks.
Understand your business finances so you can make better business decisions.
Save money when you do your own bookkeeping.
Be ready come tax time, no more scrambling!
Let's tackle your eCommerce bookkeeping and taxes! Be sure to check out my top posts that break down these topics.
Shopify Shop Owners
Why eCommerce Bookkeeping and Taxes Matter
When I started my first online business way back in the internet dark ages (you know, 2012), there was a lot I didn't know. However, the one thing I did know was how to do my small business bookkeeping and taxes. With my trusty accounting degree and CPA license by my side, I wasn't worried about my business bookkeeping.
Now, I realize that this isn't the case for most people. In fact, I would imagine that when you first started your eCommerce shop, bookkeeping and taxes were near the bottom of your priority list! There are too many other more exciting things to do for your shop. Who has time to worry about the numbers?
While you can get away with ignoring your bookkeeping and taxes for a little while, at some point you must deal with your business finances. I don't want that to be scary or intimidating for you! My goal is to create content that helps you understand exactly how to handle the bookkeeping for your eCommerce shop and file your taxes.
The Benefits of Knowing Your eCommerce Finances
There are so many benefits to be gained by taking control of your bookkeeping in the early stages of your business. Honestly, taking control now will save you time, money, and end of year tax time stress.
Perhaps the most important reason to get on top of your eCommerce bookkeeping is that bookkeeping allows you to produce financial reports like a Balance Sheet and a Profit & Loss Statement.
These reports allow you to analyze your business and make educated financial decisions. Too many people run their business blindly, not even knowing if they are making a profit or not. Don't let that be you.
You can explore my most popular articles above, and you can also find my free bookkeeping training videos for Amazon and Shopify on YouTube. These videos will walk you through your eCommerce shop bookkeeping, step-by-step.
Finally, be sure to sign up for my weekly update. It's short and full of helpful business tips and resources. And grab my free Small Business Startup Checklist while you're at it!
Small Business Sarah