Bookkeeping Can Save Your Amazon Business

<p><span style="font-weight: 400;">Today I’m joined by the amazing Tyler Jeffcoat, accountant, e-commerce expert, and co-founder of Seller Accountant, accounting experts for e-commerce sellers. Tyler’s here to talk to us about bookkeeping, minding our business, and knowing our numbers because we can’t make profit if we don’t know what kind of numbers we’re working with. First up, Tyler shares his journey from setting up a healthcare startup to deal with his grandparents’ Alzheimer’s issues to realizing that he could use his accounting know-how to help Amazon sellers make money. He then takes us through some basic bookkeeping tips, including what accounting resources to spend money on, and common mistakes like aligning your sales with payment dates instead of sales dates.</span></p> <p><span style="font-weight: 400;">Tyler also encourages everybody to develop good bookkeeping habits, like blocking off thirty minutes weekly to do your finances, and we both recommend educating yourself and hiring someone to do the parts of business you don’t enjoy or know nothing about. Tyler then sets out some of the services that Seller Accountant offers, from courses on subjects like basic inventory management to bookkeeping services that get through the most stringent due diligence in the world. And finally, I close the episode by asking Tyler about the role bookkeeping has when you’re looking to exit your business. Tyler responds that having your accounts transparent and in order is something that investors really appreciate and good bookkeeping, whether by you or a service you hire, is the best way to ensure that.</span></p> <p><span style="font-weight: 400;">You can learn more about thrifting and auctions in the Amazon Files and Mommy Income community. Join our</span> <a href= "http://mommyincome.com/joinus"><span style= "font-weight: 400;">Facebook group</span></a> <span style= "font-weight: 400;">with today’s codeword</span> <strong>[CODEWORD]</strong> <span style="font-weight: 400;">to learn more about bundling, ask questi