Episode 236 - Accounting for Amazon Sellers with Ryan Hurley

Tax Compliance, Business Performance Analysis, Budgeting and Planning, Estimated Sales Velocity, and Risk Management are just some of the reasons why Accounting is crucial for any Amazon seller.<br /><br />Ryan Hurley, the founder and lead developer of SellAnalytics, a software that helps Amazon sellers manage their accounting and inventory, teaches us the importance of accurate accounting, the limitations of existing tools such as A2X and QuickBooks, and how Sell Analytics offers a comprehensive solution for Amazon sellers.<br /><br />Episode Notes:<br /><br />00:39 - Ryan Hurley Introduction <br />03:56 - First Product Sold <br />04:11 - Solving Accounting Problems <br />05:14 - Tying Inventory into Cashflow <br />06:47 - Inventory value on QuickBooks <br />07:18 - What Do You Need To Know Before Filing <br />07:56 - Trial Balance <br />09:31 - QuickBooks vs Spreadsheets <br />10:01 - Why Bypass QuickBooks <br />14:01 - Learning How to Operate an Accounting Firm <br />15:21 - Building Other Sales Channels <br />15:59 - Learning How Much to Reinvest in the Business <br /><br />Website:<a href="https://sellanalytix.com/" target="_blank" rel="noreferrer noopener"> https://sellanalytix.com/</a><br />LinkedIn: <a href="https://www.linkedin.com/in/ryan-d-hurley" target="_blank" rel="noreferrer noopener">linkedin.com/in/ryan-d-hurley</a><br /><br />Related Post: <a href="https://www.smartscout.com/blog/5-ways-to-turn-your-finances-into-a-business-strength" target="_blank" rel="noreferrer noopener">5 Ways To Turn Your Finances Into a Business Strength</a>