Tag: bookskeep

For Ecommerce Customers—Is Easy Better Than Exceptional?

Guest Post by Cyndi Thomason of bookskeep To generate loyalty from customers and employees, Easy customer service is better than Exceptional customer service. This is a major tenant of Roger Dooley, author of the recent book, Friction, and previously, Brainfluence. Dooley was recently a keynote speaker and workshop presenter at this year’s ProfitCon event. He made several important points, but this one really […]

Temptation – Can I Borrow from My Own Accounts for Inventory?

Guest Post by Cyndi Thomason of bookskeep Recently, I was contacted by an ecommerce seller who had read my book and implemented Profit First. They wanted my opinion about using their Sales Tax and/or Profit Account for purchasing inventory in preparation for Q4. They pointed out that it is cheaper to use this money that […]

Know Your Numbers: Gross Profit Margin

Guest Post by Cyndi Thomason of bookskeep As business owners, we often concentrate on our top line sales number. We use this number as a measuring stick of sorts for how well our business is doing; how successful we are. As a member of several seller Facebook groups, I see it is a point of […]

My Books Say I’m Making Money, So Why Am I Always Short on Cash?

Summer is here, and you’ve finally gotten through the push for year-end and taxes, field trips and graduations, and spring flings and concerts. Summer is the time to slow down a bit and spend some time reflecting. How are you managing your business? Do you really have a handle on your numbers? Do you have […]

Paying Down Debt with Profit First

The transition to Profit First can seem like a big adjustment when you’re paying down debt. Often, clients are so motivated as they start cutting costs that they apply all those savings to reducing debt. They are so excited about the progress that they bypass the profit account and apply all extra monies towards debt […]

Managing Your Inventory Cash Flow

Guest Post by Cyndi Thomason of bookskeep How much of your Amazon payout do you need to set aside to purchase your next round of inventory? When will you have to make that next payment to your wholesale supplier, and isn’t your credit card payment coming due? If the answers to these questions don’t just roll off […]

Do I Really Need InventoryLab and an Accounting Software?

Guest Post by Cyndi Thomason of bookskeep This past week I had the opportunity to visit with 30 hard-working ecommerce sellers at an Amazon Seller Retreat. I had a blast reviewing their accounting books and giving them suggestions. One question that came up several times was “Do I need InventoryLab and Quickbooks or Xero?” It’s […]

Must Read For Ecommerce Sellers

I recently sat down with Cyndi Thomason of Bookskeep to talk about her new book Profit First for Ecommerce Sellers: Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine published earlier this month. Cyndi shared where the idea to write the book came from, how she believes eCommerce sellers can stay competitive, […]