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Amazon Accounting Simplified
1. Organize your Amazon E-Commerce business with Quickbooks Online
Try it! How to use the Quickbooks Online (QBO) Test Drive feature (4:38)
How to choose a QuickBooks Online Subscription (1:52)
Our recommendations for Cloud Storage and Filing Systems (13:11)
How to gather your documents (4:29)
What if My Data isn't in the Right Format for QBO? (4:30)
How to Keep Your Accounting Plan on Track (9:46)
2. Setting Up QuickBooks Online Bank Feeds and Historical Data
How to Customize your QuickBooks Account Names (11:00)
Editing Account Names in the Chart of Accounts (2:54)
Adding New Accounts and Sub Accounts in QBO (10:10)
Using Account Numbers in QBO (4:27)
Cleaning Up Your Chart of Accounts (7:39)
Schedule C Summary (10:06)
How to Connect Your Bank & Credit Card Accounts to QuickBooks Online (4:04)
Manually Importing Older Transactions (27:32)
Updating Connection Settings and Disconnecting (2:35)
3. Establishing Opening Balances
Why Do Opening Balances Matter?
How to Use the Opening Balance Sheet Template (18:22)
Entering Opening Balances in QuickBooks Online (10:55)
Opening Balances and Account Reconciliations (11:54)
4. All About Categorizing Transactions in QuickBooks Online
Meet the Banking Window (14:19)
How to Add Vendors vs Customers (7:17)
Add, Match, Transfer, and Undo - What's the Difference? (13:42)
Batch Actions - Accept, Exclude, Modify (7:07)
Exclude vs Delete (2:49)
How to Split a Transaction (4:19)
How Rules Create Consistency and Efficiency (18:01)
How to Categorize Gift Cards
5. Managing PayPal and EBay Sales in QuickBooks Online
Connect to the PayPal App (3:02)
The PayPal App vs the Bank Feed (12:07)
Categorizing PayPal and Ebay Sales and PayPal Fees (19:30)
6. Amazon Sales and Other Sales
How to Use the Amazon Sales Template (13:05)
Unavailable Balances + Chargebacks (4:08)
Amazon Loan - Principal vs Interest (5:54)
Record Amazon Deposit in QuickBooks Online (28:35)
Record Other Sales Deposits (7:00)
Amazon Sales and Fees Accrual
Understanding the Amazon 1099-K (4:15)
Sales Tax collected by Amazon and remitted to you
Report > What sales tax did Amazon collect for me?
7. Cost of Goods Sold
How to find COGS in InventoryLab and how to record it in QBO (5:25)
How to Calculate and Record COGS if you are not Using Inventory Lab (7:37)
What is the best way to track what I spent on inventory inside of Amazon Seller Central?
What happens if I have inventory that has expired, is lost, damaged, sold, or donated? (3:29)
Does it really matter if I don't know the difference between cash and accrual based accounting? What IS the difference anyway. (5:59)
8. Reconciling Accounts
Welcome to the Reconciliation Window (6:44)
PayPal Reconciliation (30:00)
Bank and Credit Card Reconciliations (28:25)
Correcting Reconciliation Changes (12:07)
9 . Reviewing Work and Financial Statements
Review Your Work: The Transaction List by Vendor Report (18:45)
How to Review the Balance Sheet (6:40)
How to Review the Profit & Loss (Income Statement) (7:02)
Profit First - Overview, Example, and Template with Explanatory Video (10:08)
10. We Want to Hear from You!
We always appreciate feedback!
Opening Balances and Account Reconciliations
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