If you’re an ecommerce company looking for accounting help, it’s important that you work with a firm that understands your business. We specialize in accounting for Amazon sellers — meaning, we understand the specific complexities that Amazon sellers face and the unique accounting needs that come with this business model. Check out our Amazon accounting services page to learn more or simply keep reading.
Selling on Amazon
We know that selling on Amazon is a special beast, considering the fact that Amazon is one of your biggest competitors, too. And as great of a platform as Amazon can be, you need to know how to best protect your business.
You’ll live and die by the listings and feedback on Amazon. As an entrepreneur, you want to be the best! However, competitors are known for stealing listings, leaving poor feedback, and undercutting pricing. It can be extremely difficult to price and reprice, manage returns, and maintain the best customer feedback possible.
And you might fulfill the orders yourself, especially as you’re getting your start. Or you might utilize Amazon FBA to fulfill your customers’ orders.
Regardless of where you are on your Amazon selling journey, we know that you have unique accounting asks. For example, if you’re an Amazon FBA seller, you have added a physical nexus in 40+ states. But where? When? How can you register and file? How do the Marketplace Facilitator laws impact your business if you are a marketplace-only seller and you have a shopping cart? That’s where some professional accounting help comes in.
Accounting For Amazon Sellers
Speaking in more general Amazon accounting terms, you might know if you’re making a profit on what you sell, but do you know if it’s enough? You need to cover overhead and growing inventory and marketing costs for your business.
Ecommerce Accountants can help decipher if your ecommerce is profitable overall, and more specifically help to identify which of your products is making you the most amount of money, and which are making you the least amount of money.
Any business owner knows that cash flow is essential, but that can be hard to get a good gauge on, too. It’s challenging to know when to invest in more inventory, pay yourself more, increase your marketing efforts, or save some of that money for the future.
Okay, so maybe you’re more well-versed in accounting – or have more insight into business profitability. But running the business should be your sole focus. You have to wear multiple hats at the same time – sourcing products, overseeing customer service, marketing, competition (including Amazon itself), and hiring.
We promise, once you have the accounting squared away, you’ll be able to sleep better at night. Catching Clouds, an Acuity company, provides a complete outsourced ecommerce accounting service for your Amazon business, including:
- Ecommerce consulting – ongoing business, technical, and process optimization guidance
- Setup of integrated cloud accounting, cloud inventory, sales tax, and supporting tools
- Sales tax registration and filing
- Daily bookkeeping
- Ecommerce Controller service
Looking for some DIY tips and training instead? Catching Clouds also offers an ecommerce accounting training course geared toward Amazon sellers. Click here to learn more.