As an Amazon seller, managing refunds and returns is part of the business. However, when it comes to bookkeeping, these transactions can become tricky. It’s important to track these adjustments accurately to ensure your financial records are spot-on. Whether you’re dealing with a return due to customer dissatisfaction or processing a refund for an order…
Keeping track of Amazon seller transactions can quickly become overwhelming, especially when you’re managing multiple sales, returns, and expenses. Understanding how to categorize these transactions correctly is key to staying organized, ensuring accurate financial records, and maintaining compliance with tax laws. In this article, we’ll walk you through the best practices for tracking and categorizing…
Running a small business is no small feat. You juggle customers, manage employees, and oversee day-to-day operations—all while keeping an eye on the bottom line. While it may not be the most glamorous part of running a business, good accounting practices are essential for success. From tracking cash flow to preparing for tax season, understanding…
Running a franchise presents a unique set of challenges, and bookkeeping is high on that list. Whether you’re an owner, operator, or just getting started, keeping track of your finances is essential to running a successful business. Franchise bookkeeping may have nuances distinct from other businesses, primarily because it needs to balance the requirements set…
In the summer of 2000, I was working at a consulting firm called Alitum. I had just graduated from the MBA program at SDSU with an emphasis in entrepreneurship. I had been part of a startup as well for the last year but that had come to an end without raising money aside from what…
Accounting may not be the most exciting part of owning a small business, but there’s no denying its importance in helping you make sound financial decisions. That’s why it’s important for small business owners to organize their financial records to boost their cash flow and identify opportunities for growth. But with so many firms offering…
Finding the right tax services in Carlsbad can be a challenge, but it’s definitely worth the search and investment. A good tax professional will help you navigate complex tax laws and maximize your returns. In a city with many options, knowing what to look for and where to start makes all the difference. This guide…
It is amazing to me how often the littlest, simplest things can be the most powerful. Sometimes people get all caught up in wanting to make things really extraordinary and over the top and amazing but in doing so they lose the point in the first place. I’m thinking of weddings and gender reveals and…
Artificial intelligence is spearheading digital transformation at a rate we’ve never seen before. Because of this, the demand for streamlined and error-free financial processes will continue to grow rapidly. Automated bookkeeping is one such process that demonstrates how technology aims to simplify multiple aspects of sound financial management. The goal of automated bookkeeping is to…
When discussing finances in business, two roles share the limelight; accountants and bookkeepers. On the surface, these professions may appear similar. But dig a little bit deeper, and you’ll begin to learn the differences that make them absolute superstars. Let’s discuss the differences between an accountant and a bookkeeper to help leverage their skillsets and…