How are you all doing your accounting?
Hey all. I run a multichannel brand but most of my sales are Amazon (around 13k units/yr in volume). I also sell on Woocommerce and ebay. I use quickbooks for my accounting and its like 80% automated- it does an awesome job with any expenses paid by credit card or bank transfer, and it’s pretty good at revenue (captures payments net of cc fees/referral fees).
Where I just can’t get get automated is COGS. I tried Quickbooks built-in inventory system but it’s just not made for e-commerce- can’t even handle multiple inventory locations or multiple sales channels. I use a 3PL and they have perfect reports, and Woo, Amazon, and eBay all do good reports too. But tying it all together has still been manual. It’s not a crazy workload- vlookups and whatnot keep my excel file updated through the month then at the end of the month it takes me around 3-4 hours to compute COGS. But it just feels like the solution should be out there.
I looked into an inventory management system but it’s just overkill and priced that way. It’s hard to justify paying $150-$200/mo to save myself 3-4 hours. Plus it still doesn’t solve the rest of the automation failures of quickbooks, the biggest one being to gross up Amazon sales for the referral fees (another manual thing I do during my monthly accounting process, but it’s only a 10-20 minute affair).
It just all feels so… solvable. Anyone use any magic bullet systems that do it all for them? I’d hate to pay a human to do this since it’s all data that is readily available.
This isn’t promotion or lead generation- I have nothing to sell just want to know if the solution exists!
submitted by /u/Easterncoaster
[link] [comments]
How are you all doing your accounting?
Hey all. I run a multichannel brand but most of my sales are Amazon (around 13k units/yr in volume). I also sell on Woocommerce and ebay. I use quickbooks for my accounting and its like 80% automated- it does an awesome job with any expenses paid by credit card or bank transfer, and it’s pretty good at revenue (captures payments net of cc fees/referral fees).
Where I just can’t get get automated is COGS. I tried Quickbooks built-in inventory system but it’s just not made for e-commerce- can’t even handle multiple inventory locations or multiple sales channels. I use a 3PL and they have perfect reports, and Woo, Amazon, and eBay all do good reports too. But tying it all together has still been manual. It’s not a crazy workload- vlookups and whatnot keep my excel file updated through the month then at the end of the month it takes me around 3-4 hours to compute COGS. But it just feels like the solution should be out there.
I looked into an inventory management system but it’s just overkill and priced that way. It’s hard to justify paying $150-$200/mo to save myself 3-4 hours. Plus it still doesn’t solve the rest of the automation failures of quickbooks, the biggest one being to gross up Amazon sales for the referral fees (another manual thing I do during my monthly accounting process, but it’s only a 10-20 minute affair).
It just all feels so… solvable. Anyone use any magic bullet systems that do it all for them? I’d hate to pay a human to do this since it’s all data that is readily available.
This isn’t promotion or lead generation- I have nothing to sell just want to know if the solution exists!
submitted by /u/Easterncoaster
[link] [comments]
Shipping Cost Question – Help
I’m selling stickers on Amazon. I also sell on Etsy and it costs me $0.78 to ship them in a cardboard envelope. USPS through my Amazon seller account is almost $5! I’ll make no profit! Am I doing something wrong?
submitted by /u/Awkward_Arugula_6991
[link] [comments]
Why can’t I confirm at all? GTIN exemption.
Product TypePopup closedBlank Book & NotepadExamples include: Composition Notebooks, Memo Pads, Notepads & Scratch Pads, Flipcharts
Learn more
There’s no Confirm option.
submitted by /u/This_Environment_472
[link] [comments]
Amazon FBA Customer asking for EIN?
I received a message on Amazon from a business that purchased my product through Amazon. They requested an invoice and in a follow-up requested my EIN. Is this common practice? Is it safe or necessary to give out my EIN to someone that purchased an FBA product? My products are stored in Amazon’s US warehouses and this customer ordered from Colombia.
submitted by /u/The_Real_KevinG
[link] [comments]
Freight Forwarder Recommendations (Amazon US/Canada)
Hi everyone!
Can anyone recommend good freight forwarders (China → Amazon US & Canada warehouses) that you’ve used? Also, has anyone here tried Amazon Global Logistics, would you recommend it?
submitted by /u/Strong-Geologist-591
[link] [comments]
Why can’t I confirm at all? GTIN exemption.
Product TypePopup closedBlank Book & NotepadExamples include: Composition Notebooks, Memo Pads, Notepads & Scratch Pads, Flipcharts
Learn more
There’s no Confirm option.
submitted by /u/This_Environment_472
[link] [comments]
Shipping Cost Question – Help
I’m selling stickers on Amazon. I also sell on Etsy and it costs me $0.78 to ship them in a cardboard envelope. USPS through my Amazon seller account is almost $5! I’ll make no profit! Am I doing something wrong?
submitted by /u/Awkward_Arugula_6991
[link] [comments]
Freight Forwarder Recommendations (Amazon US/Canada)
Hi everyone!
Can anyone recommend good freight forwarders (China → Amazon US & Canada warehouses) that you’ve used? Also, has anyone here tried Amazon Global Logistics, would you recommend it?
submitted by /u/Strong-Geologist-591
[link] [comments]
Amazon FBA Customer asking for EIN?
I received a message on Amazon from a business that purchased my product through Amazon. They requested an invoice and in a follow-up requested my EIN. Is this common practice? Is it safe or necessary to give out my EIN to someone that purchased an FBA product? My products are stored in Amazon’s US warehouses and this customer ordered from Colombia.
submitted by /u/The_Real_KevinG
[link] [comments]