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Amazon Sellers know they have limited control over every aspect of their business when choosing to sell on the Amazon marketplace vs direct to consumer. Extracting valuable information is a challenge, especially when it comes to tracking revenue and expenses.
An Amazon Accountant is someone who understands how your supply chain works, and how to properly account for cash from purchase to sale/manufacture to sale with all of the connected moving parts (FBA fees, marketing spend, returns, product in transit/prep/storage, delay in payout).
Amazon accounting often requires additional technology to sit between the marketplace and accounting system (WMS warehouse management system, IMS inventory management system, sales transaction data system) to keep a pulse on cash flow. Controlling the data layer and what becomes the source of truth are core to proper Amazon accounting services.
Amazon’s payment schedule, which typically disburses funds to sellers every two weeks, can cause discrepancies in cash flow recognition. When choosing an accounting solution, your partner has to understand the relationship between all the moving parts, in the right order.
It’s easy for eCommerce businesses to end up with financial statements that give an incomplete or inaccurate picture. There are a few reasons why this happens so often:
Fluctuating supplier and shipping costs, inventory tracking, returns and discounts. Pulling that all together in a meaningful way is challenging. We can help you build new processes or improve your current ones.
Standard accountants often lack the specialized knowledge required to make sense of Amazon specific data, how selling on Amazon actually works. From setting up a correct chart of accounts to understanding Amazon specific expenses an Amazon seller incurs selling on the platform, you need a professional Amazon accounting solution.
Most Amazon sellers have never experienced proper eCommerce accounting in action, and the bar is set pretty low. Wondering if your current accounting is being done correctly? We offer a no cost evaluation of your current accountants work and will walk you through the results.
eCommerce business owners want a firm that gets up to speed fast and delivers financial reports consistently on time.
Our aim is to get you up and running within just six days. The onboarding phase includes a ‘Client Health Check’—our proprietary method to identify the areas that need immediate focus.
To lay a foundation that supports scalable growth, we spend the first quarter understanding your payment processors, banking, debt, supply chain, technology, vendors, and manufacturing processes (if applicable), with a particular focus on nailing down inventory and COGs.
Need us in the books more frequently during peak season…a weekly cash flow statement? Want more meetings initially or when launching new products/sales channels? We offer a tailored approach to meet your specific needs.
We offer accounting plans built for the stage of growth you are in, starting at $1250/month. Our Basic Accounting with eCommerce bookkeeping is far more advanced than some firms’ Premium Offering and includes:
Here are a few reason why ECOM CPA may not be the right firm for you:
When looking for the right accounting partner, it’s critical to compare potential solutions side by side. We’ve identified the most important factors to consider before choosing an accounting firm, based on asking every interested party we meet with “how are you going to grade us when it comes to your expectations,” and then layering in all we’ve learned about eCommerce from the beginning of ECOM CPA till now.
Get in touch and learn exactly how we can help simplify your finances.
