Top 5 Ecommerce Accounting mistakes and solutions
Finally you made that record sales! But at the end of the day You feel like you are losing more and more money You try to see where you are…
Author: Jay Odi
The Ultimate Guide to Ecommerce Accounting: Keep More of What You Earn
Welcome to GreenTarget Ecommerce Accounting Are you making sales but wondering where all your money is going? You are not alone. Many ecommerce sellers struggle with financial management, leading to…
Service type Chart of Account to Amazon Seller?
Let’s Convert a Service Type Chart of Accounts and Profit and Loss Report to an Amazon Seller One! In this video, we started with a Service type company chart of…
5 TIPS to have Smooth Shopify Accounting
Benefits of Shopify Store over other sales channels The complexity of Shopify vs other sales channel’s accounting Things to watch out for to avoid problems in Shopify accounting Shopify offers…
Why Every Business Owner Should Do Monthly Accounting or Bookkeeping?
A. Why Do Some Business Owners Decide Not to Do Any Accounting or Bookkeeping Monthly? Running a business is no small feat. You’re juggling customers, employees, suppliers, and a million…
Five Things You Need for Shopify Accounting
Having Trouble Keeping Shopify and QuickBooks Aligned? Here’s What You Need to Know! 🤯 Getting your bookkeeping right is crucial for a bunch of reasons: Getting All Your Money 💰:…
Unlocking Your E-commerce Profit Potential: The Game-Changing Truth You’ve Been Missing!
Ever wonder why your ecommerce business isn’t reaping big profits despite soaring sales? 🤔 Let me shed some light on the matter. You’ve celebrated the surge in sales, only to…
Unraveling the Mysteries of Bookkeeping: Why It’s Essential for Your Business
As a business owner, you’re no stranger to the importance of organization. Whether it’s managing your schedule or budgeting your resources, staying organized is key to success in both your…
Five Core Reasons Bookkeeping is Important for Your Business
So what is bookkeeping? Do you need it or not? As a business owner you already know how important it is being organized on many things – both business and…
The Ultimate Amazon Sellers Checklist For Year-End Accounting
As Christmas is fast approaching, you may be too busy preparing for the final peak months of your Amazon/Ecommerce business for the year. After that, comes year-end, and there are…
Don’t Miss Any of These Five Ecommerce Accounting Essentials
You created a product, found a target market, and listed it on Amazon, Shopify, Etsy, eBay, or your own online store. You ran ads and sold a few at first,…
Step 5: Revise and Optimize the Chart of Accounts
After all has been done, we are now in the last step of our 5 Step Bookkeeping setup. Organizing chart of accounts! Well, you can organize your chart of accounts…
5 Amazing Apps for Amazon Sellers Accounting
One of the core challenges in Amazon accounting is growing up and scaling. When the transactions grow, you have higher order volume, you buy inventory a lot faster and a…
Cash Basis vs Accrual Basis – Which One Do You Need?
The difference between cash basis and accrual basis accounting comes down to when you recognize income and expenses in relation to movement of cash. If you record income when you…
Step 4: Run Reports, Analyze, and Revise
https://www.youtube.com/watch?v=XzK9HK_3U9w&t=18s&ab_channel=GreenTargeteCommerceAccounting Now that all expenses and income transactions have been added to the books, it’s a good time to run reports and start analyzing! QUICK TOUR: How to access Reports…
Step 3 – Invoices, Payments, and Deposits
https://www.youtube.com/watch?v=LwAwqDVN9N0&t=1s&ab_channel=GreenTargeteCommerceAccounting In our previous video, we have discussed all about bank reconciliation in quickbooks online. After all banking transactions are done and reconciled, it’s time to address other information you…
Step 2: Bank Reconciliation in QuickBooks Online
Now that we are done with syncing your banks and credit cards, and categorizing your transactions, it’s time to move to bank reconciliation. What is bank reconciliation? The process of…
Step 1: Setup Sync, and Categorize Banking Feeds
This may sound a bit complicated so let’s break it down a bit: A. BANK FEEDS SYNC Sync bank accounts, credit cards, and PayPal to QBO – only past 90…
Simple Effective 5 Step Bookkeeping Setup
What’s the perfect bookkeeping setup? Does it really exist? And why would you care to have one? Setting up the books is not an easy task. If you are not…
Top 5 Bookkeeping Mistakes Small Businesses Make
Bookkeeping can be tedious and time-consuming, for small business owners and medium sized businesses….sometimes it is not in their top list of priority and being brushed aside. But without proper…
Three Kinds of Bank Transfers and How to Handle Them
Bank transfer is one of the transactions that can become confusing for many people. Knowing how to properly handle them will help ensure a cleaner banking experience with QuickBooks Online….
What Service Businesses Miss on Their Profit and Loss?
Imagine you have a very delicious pie and the pie represents your Sales, on the side you got two of your friends to eat first before you (COGS and OPEX)….
Bank Reconciliation is Not That Scary! 5 Tips!
Bank reconciliation can be quite intimidating to small business owners like you. Even with QuickBooks Online, mistakes can be done and your bank reconciliation will be harder than it should…
Five Critical Steps in a Bookkeeping Cleanup
Messy books? Incomplete, inaccurate, not updated set of books? Why bother? Do you really need a clean set of books…is it worth it? Having a bad set of books can…
Five Bookkeeping Items You Need to Review at Year-End
It’s been a long holiday, and we hope you enjoyed your Christmas and New Year celebrations! Now a new year has come with new goals, hope, opportunities, and challenges. One…
5 Easy Steps to File 1099s with QuickBooks Online
If you paid a non-employee or an employee receives payment that is not part of payroll with $600 or more last year (2022), then you need to file 1099s for…
5 Key Reasons Accurate Unit Cost is Important
You may wonder if the above formula is sufficient to determine the unit cost e-commerce sellers should use in costing their products and in computing cost of goods sold. I’ll…
Simple but Accurate Ways to Calculate Cost of Goods Sold
E-commerce sellers battle stiff price competition…one of the core parts of pricing is the cost per unit of each item you sell. This eventually becomes part of the Cost of…
5 Amazing Reasons Ecommerce Sellers Should Use A2X
https://www.youtube.com/watch?v=rp2nK9O4gfo&t=19s&ab_channel=GreenTargeteCommerceAccounting What does A2X do? It is a world-class software company that automates accurate e-commerce accounting for thousands of e-commerce businesses worldwide. It is an add-on app that simplifies your…
5 Great Benefits QuickBooks Online Offers Better
Are you still using QuickBooks desktop? Have you ever wondered if it’s time to move on to the online version, or are you already thinking but aren’t sure yet. Here…
5 Amazing Things You Miss When Using Excel for Bookkeeping
MISSED 1: The ability to track historical data to help with forecasting and budgeting Do you want to be able to quickly run reports that compare your current business performance…
5 Important Aspects of Accounting for Amazon Sellers
As an Amazon seller, you already know how important it is to keep track of numbers. For example, if you keep your inventory too low or your sales price too…
