Throughout this blog post you may see specific case IDs or other situational specific information. This post is being sent to the Amazon team in order to try to promote fixes to the Amazon issues. I wanted to post the entire content as a blog post as well as I am sure there are many […]
Amazon FBA Inventory Reconciliation and Accounting Issue Read More »
A 3PL (Third Party Logistics) service is a 3rd party warehouse that stores, ships, and receives goods on your behalf. If you use a 3PL in an e-commerce environment, you’ve probably faced challenges in auditing the inventory levels of the 3PL. There are two needs for 3PL inventory levels that are needed: Operational needs Accounting
Keeping your 3PL in check Read More »
You may have read our previous blog post titled “A Breakdown of Amazon Fees“ One of the “Adjustment” financial events we listed was “ReturnPostageBilling_postage”. This was a shipping fee to compensate the buyer for shipping items back when seller was at fault. It would be very useful to know which Amazon Order this charge belongs
Inconsistency of data for Amazon Financial Adjustments Read More »
Selling on Amazon is tough. Many sellers operate losing money and don’t even know it. The main reason for this on Amazon is: Amazon is a price-driven marketplace that strongly encourages lower prices by sellers Amazon charges a lot of fees and many sellers don’t have the awareness/sophistication to calculate their profit after these fees.
A Breakdown of Amazon Fees Read More »
One of the most common way I’ve seen E-commerce sellers manage operations is via their accounting software (typically Quickbooks). When I say manage operations, I mean performing such activities as: Inventory Management Inventory Forecasting Inputting Purchase Orders Inputting Sales Orders Analyzing Profitability Other ERP type functions ERP stands for Enterprise Resource Planning and refers to
E-Commerce Accounting: Why you should not use your accounting software to make decisions Read More »
Internal rate of return (IRR) shows the annual rate of growth an investment is expected to generate. Learn how to use it in your profitability analysis.
Internal Rate of Return (IRR): The True Profitability Test Read More »
As an E-commerce seller, deciding which products to sell is vital.
Often, there are hidden costs relating to a product that don’t factor into our calculations. This leads to potentially bad decisions for choosing where to allocate limited investment capital, or worse, can lead to products we think are profitable that are actually losing money!
True Profit vs. Gross Profit: Calculating Profitability Read More »
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