Simplified Bookkeeping When Selling Through Amazon
E-Commerce is definitely booming. Based on statistics, experts are predicting that come year 2021, more than 2.14 billion people worldwide will be buying goods and services online.
In the fast paced and often described as ‘brutal’ online retail market, keeping accurate track of bottom line profitability, inventory and cash flow should be a primary concern of every Amazon Seller.
Easier said than done.
While Amazon Seller Central provides sellers with numerous detailed transaction reports – sales, fees and charges, refunds, taxes, commissions, shipping, inventory – the complicated format, the overwhelming amount of information, and limited capability to sync the data with popular accounting systems is a struggle that entails spending long hours sorting through raw data before coming up with necessary financial statements and analytics that could be used to make good business decisions that take advantage of time-sensitive market opportunities.
There should be a simpler way to keep track of your business.
Simplified Bookkeeping for Lawyers
Bookkeeping is a necessary part of any business, law firm practices included. Having up to date financial records is vital for analyzing, forecasting, and making crucial decisions that could take a law practice into a whole new level of sustainability and profitability.
But unlike traditional businesses that only require accounting of income, expenses and payroll, legal bookkeeping has additional requirements imposed by state government and/or bar association regulations that challenge a lawyer’s basic knowledge of bookkeeping – remember, they don’t teach bookkeeping in law school.
The following are among the challenges, not covered by traditional bookkeeping, that are unique to the legal profession:
Client Trust Account Management
A Client Trust Account is a bank account that a lawyer establishes to hold funds owned by a client to pay current and future expenses, and/or to pay for the current or future services to be provided by the lawyer.
eDataQuick Reviewed
Freelance finance writer, speaker and consultant, Eric Rosenberg took a good long look at eDataQuick. His review was published last May 13, 2019 in Personal Profitability (https://personalprofitability.com), and we couldn’t be happier!
eDataQuick – A Low-cost Solution For Small Business Bookkeeping
No matter what industry you work in, accounting and bookkeeping is a must for any business. From small, solo entrepreneurs who work online to larger operations with a physical location and multiple employees, you have to track your business finances for both taxes and making the best business decisions.
Today, we are going to look at eDataQuick, a remote bookkeeper that can handle all of your accounting and reporting needs using the industry standard online bookkeeping system so you always have access. Let’s take a look at how eDataQuick works and if it makes sense for your business.
