Tag: bookskeep

5 Best Practices to Scale and Sell Your Amazon Business

Congratulations! You have figured out how to sell on Amazon and are now making a little profit. What’s next? How can you scale and grow your profits so you can be confident in this income stream so you can leave your day job or eventually sell your business? Maybe you’re not sure what to do first? Let’s […]

InventoryLab and bookskeep Answer Your Ecommerce Questions!

It was such a pleasure to visit with Andrea and Jeff from InventoryLab recently on their OpenLab webinar series. We had some great questions about how to prepare for Q4. I believe when one person asks, many typically have the same question, so I’m picking out some of the most common ones for discussion here. […]

Are You Running Your Ecommerce Business—Or is it Running You?

Are you building your business to support the life you want to live? Or are you so busy getting everything done that life is passing you by? While I mostly write about cash flow, I’ve come to realize that the real currency in our lives is time. This is true for life and for business. […]

Accounting for Inventory: Your Questions Answered!

What do you do when something doesn’t go as planned and you end up with inventory that has to be destroyed or is lost? Perhaps you have returns that are sellable, and you plan to list them on eBay or resend them to Amazon. Or even donate them if they have slight damage but are […]

InventoryLab Webinar Recap for Ecommerce Sellers

It was such a pleasure joining Jeff Campbell of InventoryLab last week in the webinar discussing how to prepare your tax information. There were several questions from the attendees that I’m sure others have this time of year, so I’m recapping them here. Can we use InventoryLab as an accounting tool for our accounting reporting for our […]

It’s Almost Tax Time: Are You Ready?

As 2020 has come to an end and the flurry of Q4 and the holidays are just happy memories, we now get to turn our attention to everyone’s least favorite topic: taxes. Staying Current Can Ease Tax Time Headaches If you’ve been organized all year, this is where you reap the rewards. If not, you […]

Q4: The Perfect Time to Put Parkinson’s Law to Work for You

You’ve heard me talk before about Parkinson’s Law. It was developed in the 1950’s by Cyril Northcote Parkinson, and can be simply stated that the amount of work required adjusts (usually increases) to the time available for its completion. This is applied to our resource of time. However, the law can be applied to all […]

Cash Flow Forecasting – What Does Your Horizon Look Like?

This time of year, many of our clients are actively engaged in Q4 2020 and contemplating what business may be like in 2021. There are many unknowns this year; everything from pandemic developments to storage limitations and fulfillment and shipping concerns. One thing is certain—this year, Q4 will be different. Are you prepared for all […]