Tax Compliance, Business Performance Analysis, Budgeting and Planning, Estimated Sales Velocity, and Risk Management are just some of the reasons why Accounting is crucial for any Amazon seller.
Ryan Hurley, the founder and lead developer of SellAnalytics, a software that helps Amazon sellers manage their accounting and inventory, teaches us the importance of accurate accounting, the limitations of existing tools such as A2X and QuickBooks, and how Sell Analytics offers a comprehensive solution for Amazon sellers.
Episode Notes:
00:39 - Ryan Hurley Introduction
03:56 - First Product Sold
04:11 - Solving Accounting Problems
05:14 - Tying Inventory into Cashflow
06:47 - Inventory value on QuickBooks
07:18 - What Do You Need To Know Before Filing
07:56 - Trial Balance
09:31 - QuickBooks vs Spreadsheets
10:01 - Why Bypass QuickBooks
14:01 - Learning How to Operate an Accounting Firm
15:21 - Building Other Sales Channels
15:59 - Learning How Much to Reinvest in the Business
Website:
https://sellanalytix.com/
LinkedIn:
linkedin.com/in/ryan-d-hurley
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