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E-COMMERCE ACCOUNTING BASICS
1 - Setting Up Systems
Getting Organized
Monthly Accounting Routine
What to Do If You Have an Accounting Mess
Receipt Management
Big Picture Review Tips - What Are You Really Making?
Basic Revenue & Expense Tracker
2 - Software Options
GoDaddy vs. QuickBooks vs. Xero
What are the Pros and Cons of Xero vs. QuickBooks?
What Version of QuickBooks Should I Use?
3 - Inventory
Inventory vs. Cost of Goods Sold (COGS)
How Does the IRS Define COGS?
Various Methods and Tools for Tracking Inventory
Ending Inventory from Seller Central
Why and How to Embed a "Buy Cost" in Your SKU
How Do QuickBooks and InventoryLab Relate to Each Other?
How to Import Historical Inventory Data into InventoryLab
Damaged or Donated Inventory
4 - Recording Sales
Amazon (17:09)
eBay
Other E-commerce Platforms (8:13)
Merch by Amazon (4:01)
How to Cancel a Subscription or Recurring Payment in PayPal
5 - Working With a CPA
Difference Between a Bookkeeper, Accountant, CPA, and Enrolled Agent
Do You Need a CPA with E-commerce Experience?
How to Review a Bookkeeper's Work
6 - Taxes and Year End Checklist
Year End Checklist
What to Gather for Your CPA for Year-End Tax Preparation
Amazon 1099-K Explained
Common Deductible Business Expenses
Tips on Tracking Mileage for the Mileage Deduction on Your Tax Return
Collecting Sales Tax
Home Office Deduction - Simplified Option
Independent Contractor vs. Self-Employed
Travel Meals & Entertainment
All About Estimated Taxes
Are E-commerce Cruises Tax Deductible?
7 - General Guidance
Entity Structure
What is a Balance Sheet and Why Does it Matter?
Cash vs. Accrual Accounting
Fixed Assets vs. Office Equipment Expense
Top 10 Mistakes Made by E-commerce Sellers
8 - Other Miscellaneous Topics
Prep Center Fees
Inbound Shipping and Bonds
Gift Cards
What is the True Cost of a Daily Funds Factoring Service for Amazon Sellers?
Debt - Principle and Interest - How to Create an Amortization Schedule
9 - Tools We Like
Hubdoc
Dropbox
Evernote
Transaction Pro (for importing to QuickBooks)
CSV to QBO
A2X
Easy Auction Tracker
Small Business Administration (SBA) and SCORE
Tips on Tracking Mileage for the Mileage Deduction on Your Tax Return
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