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!
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!
Amazon Sellers
Amazon Seller Central is a popular platform for selling products online. But bookkeeping for this platform presents some unique challenges. In this post, I’ll share best practices for how to record your revenue and expenses in QuickBooks Online. (This information is for educational purposes only and does not constitute tax or legal advice. This post contains
Read MoreSelling products on Amazon is a popular option for an online business. But while setting up your Amazon store might be relatively fun and easy, keeping track of your revenue as an Amazon seller can be tricky. As an accountant, I strongly recommend QuickBooks Online for small business bookkeeping. However, when you first set up
Read MoreShopify Shop Owners
If you sell on Shopify, you probably received a 1099-K from Shopify. You might have noticed that on the surface, the amount on this form doesn’t quite match the amount in your bookkeeping. In this post, I’m going to show you how to tie out your Profit & Loss report from your QuickBooks report to
Read MoreBefore you begin recording your Shopify gift card sales and redemptions, be sure to watch the video I created that shows you step-by-step how to do your monthly Shopify bookkeeping. The method I describe in this post is based on the method I demonstrated in the overview video. You can watch the first video HERE. This
Read MoreShopify is a popular and easy to use platform for selling products online. In fact, it has never been easier to open a shop and start making money. But while opening a shop might be simple, the tricky part of Shopify is keeping track of your finances. As an accountant, I strongly recommend QuickBooks Online
Read MoreShopify is a popular platform for selling online. But bookkeeping for Shopify presents some unique challenges. The biggest issue is that customers can pay in a variety of ways, and those payment methods deposit to your bank differently and have different fees. So in this post, I’ll share best practices for how to record Shopify
Read MoreWhen 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.
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!
-Sarah
Small Business Sarah
© 2020 by Small Business Sarah. All rights Reserved.