Description

Anna Hill – Amazon Accounting Simplified

ARE YOU AN AMAZON OR AMAZON FBA SELLER?

Congratulations on ing and running your own business! We know how exciting it is when your products sell and you to see those payouts. Your hard work is turning into Profit!

But we also know that when it comes to managing the financial side of the business, many people feel unprepared. And the more successful you are, the more important it is to keep your books organized, especially when it comes to tax time.

DOES THIS SOUND FAMILIAR?

You’re overwhelmed with accounting software options and are afraid you’ll pick one that might limit you down the road.

You have no idea how to adjust your Amazon deposits for gross sales, refunds, and fees.

You’re confused about the difference between inventory and cost of goods sold not to mention how to track them.

It’s the end of the year and you’re not sure how to reconcile your 1099-K.

You’ve invested tons of time reading blog posts, downloading accounting resources … now, you’re on information overload AND still don’t know where to !

 

DON’T WORRY, THERE IS HOPE

What if you could have:

A clear, easy to understand and consistent accounting routine you can depend on.

Built-for-you resources to adjust sales deposits, calculate/record cost of goods sold, and reconcile your Amazon 1099-K.

Confidence to be able to review and understand your financial statements.

THAT’S WHY WE CREATED THIS ONLINE COURSE…

Learn QuickBooks Online even if you know nothing about accounting or bookkeeping, we’ll teach you all our secrets!

Amazon Accounting Simplified Online Course

Comprehensive Quickbooks Online course especially for E-Commerce sellers

Learn from anywhere using laptop, tablet or phone

Hours of step-by-step video content

Done-for-you Excel templates and downloadable reference sheets

Learn how to confidently set up and manage your books

Lifetime Access to all materials
Course Curriculum

1. Organize your Amazon E-Commerce business with Quickbooks Online

Try it! How to use the Quickbooks Online (QBO) Test Drive feature (3:13)

How to choose a QuickBooks Online Subscription (1:01)

Our recommendations for Cloud Storage and Filing Systems (7:19)

How to gather your documents (4:29)

What if My Data isn’t in the Right Format for QBO? (4:30)

How to Keep Your Accounting Plan on Track (5:16)

2. Setting Up QuickBooks Online Bank Feeds and Historical Data

How to Customize your QuickBooks Account Names (5:35)

Editing Account Names in the Chart of Accounts (1:33)

Adding New Accounts and Sub Accounts in QBO (5:25)

Using Account Numbers in QBO (2:16)

Cleaning Up Your Chart of Accounts (4:04)

Schedule C Summary (10:06)

How to Connect Your Bank & Credit Card Accounts to QuickBooks Online (4:04)

Manually Importing Older Transactions (14:42)

Updating Connection Settings and Disconnecting (1:23)

3. Establishing Opening Balances

Why Do Opening Balances Matter?

How to Use the Opening Balance Sheet Template (18:22)

Entering Opening Balances in QuickBooks Online (10:55)

Opening Balances and Account Reconciliations (6:10)

4. All About Categorizing Transactions in QuickBooks Online

Meet the Banking Window (7:34)

How to Add Vendors vs Customers (4:04)

Add, Match, Transfer, and Undo – What’s the Difference? (7:23)

Batch Actions – Accept, Exclude, Modify (3:47)

Exclude vs Delete (1:28)

How to Split a Transaction (2:15)

How Rules Create Consistency and Efficiency (9:32)

How to Categorize Gift Cards

5. Managing PayPal and EBay Sales in QuickBooks Online

Connect to the PayPal App (3:02)

The PayPal App vs the Bank Feed (6:37)

Categorizing PayPal and Ebay Sales and PayPal Fees (10:23)

6. Amazon Sales and Other Sales

How to Use the Amazon Sales Template (6:50)

Unavailable Balances + Chargebacks (4:08)

Amazon Loan – Principal vs Interest (3:01)

Record Amazon Deposit in QuickBooks Online (14:53)

Record Other Sales Deposits (3:55)

Amazon Sales and Fees Accrual

Understanding the Amazon 1099-K (4:15)

Sales Tax collected by Amazon and remitted to you

Report > What sales tax did Amazon collect for me?

7. Cost of Goods Sold

How to find COGS in InventoryLab and how to record it in QBO (5:25)

How to Calculate and Record COGS if you are not Using Inventory Lab (7:37)

What is the best way to track what I spent on inventory inside of Amazon Seller Central?

What happens if I have inventory that has expired, is lost, damaged, sold, or donated? (3:29)

Does it really matter if I don’t know the difference between cash and accrual based accounting? What IS the difference anyway. (5:59)

8. Reconciling Accounts

Welcome to the Reconciliation Window (3:39)

PayPal Reconciliation (16:14)

Bank and Credit Card Reconciliations (15:18)

Correcting Reconciliation Changes (6:31)

9 . Reviewing Work and Financial Statements

Review Your Work: The Transaction List by Vendor Report (10:00)

How to Review the Balance Sheet (6:40)

How to Review the Profit & Loss (Income Statement) (7:02)

Profit First – Overview, Example, and Template with Explanatory Video (10:08)

10. We Want to Hear from You!

We always appreciate feedback!

 

Life BEFORE Amazon Accounting Simplified:

You’re stressed every time you think about doing your books
You’re not sure where to so you don’t at all
You’re sick of looking at piles of paperwork
You can’t stand manually entering receipts into a clunky spreadsheet
No matter how hard you try, you still feel unprepared at tax time

Life AFTER Amazon Accounting Simplified:

You have a reliable customized accounting system that grows with your Amazon business
You feel more confident in your ability to properly categorize your transactions
You are more aware of your business income and expenses
You clearly see fees associated with each of your sales platforms
You have a deeper understanding of your financial statements

 

WHEN YOU JOIN THIS PROGRAM,
YOU ARE NEVER ALONE.

PRIVATE FACEBOOK GROUP
You will have access to a private Facebook group where you will be supported by an incredible peer community of Amazon Resellers just like you

1 ON 1 COACHING SESSIONS
You have the option to purchase four 1 on 1 coaching sessions to walk through any of your business-specific questions that arise after the course. Use your 4 sessions anytime.

What our students are saying…

“I am now confidently (and easily) taking care of my own bookkeeping (a huge money savings for a small(er) seller) and making decisions for my business based on *the real numbers*. As an added bonus, Anna offers amazing customer support. ⭐️⭐️⭐️⭐️⭐️ 5 Star Rating” – Jennifer

“Wow that was easy and a life saver. I’ve made huge progress in only an hour. I’ve been unable to get much help from my CPA in several weeks. I feel like a weight has been lifted off my shoulders.” – Allan

“To anyone that is unsure about taking the course… I HIGHLY recommend it! It was a life saver. I wish I would have taken it sooner too. You’ll learn everything you need to know to be able to get your books in line..” – Michael

IT COMES DOWN TO THIS:

You can keep using your current DIY accounting approach; cobbling together a hodgepodge of unreliable financial information that does not give you confidence.

⎼ OR ⎼

You could save time and money by avoiding trial and error, follow an accounting system created by professionals specifically for Amazon sellers and experience the relief of reliable financial statements for your E-commerce business.

HOW LONG DOES IT TAKE TO CREATE
AN ACCOUNTING SYSTEM IN QBO?

The honest answer is, it depends on you and your current situation. Some students are able to complete the course in a few weeks. It also depends on how large your current Amazon business is and how organized you’ve been up to now.

Others might take a month or longer. Some of the important variables to remember are the number of accounts, number of transactions per account and the period of time your system will cover.

We recommend you set aside 2-4 hours per week to work through the program and implement the assignments.

Best course ever! Not really knowing my numbers was really negatively affecting my business.Now that I know how to do accounting I fell like I truly know how to grow a healthy business!

I went from not knowing anything about QuickBooks & accounting in general and with the course I totally do understand this whole accounting process from A to Z!

Right when I’m about to give up on QuickBooks, this course comes to the rescue!

Frequently Asked Questions

Do I have to be an Amazon Seller or Amazon FBA to take this course?
No, this course is appropriate for all e-commerce sellers. Simply disregard the Amazon specific information if it does not apply to you.
What if I use Quickbooks Desktop, GoDaddy or Xero for my Amazon bookkeeping?
We do not recommend this course. This course only covers Quickbooks Online.
What is the refund policy?
You can try “Amazon Accounting Simplified” and if you aren’t satisfied, just ask us for a full refund within 30 days of your enrollment date.
Do I get lifetime access to the course material?
Yes, you will get lifetime access to Amazon Accounting Simplified and future updates.
What kind of support is included?
You will have access to a private Facebook group where you will be supported by an incredible peer community. There is also a course option to purchase a block of 1 on 1 private coaching hours.
Are there other costs besides the enrollment cost?
Yes, a QuickBooks Online subscription is required. We’ve found Simple works well for most sellers. Other software solutions, such as Dropbox, Hubdoc, ProperSoft, and Asana are recommended but not required.
Will this course work for QuickBooks Desktop?
No. Video lessons and guides included in this course are shown exclusively in QuickBooks Online. Therefore, we do not recommend this course for anyone planning to use QuickBooks Desktop, Xero, Godaddy Bookkeeping or other accounting software.
Do I need the A2X app for QuickBooks connection to Amazon?
No, this course does not cover A2X software, and the methods we show you make it unnecessary.

Get Anna Hill – Amazon Accounting Simplified download

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INVESTING IN AMAZON ACCOUNTING KNOW-HOW

When clients hire Accounting We Will Go turn-key services to provide fully reconciled financial statements, our fees for accounting and bookkeeping services can cost thousands of dollars a year, depending on the size and complexity of your business. You should also consider additional fees required to prepare and file your taxes. Click here to learn more about our bookkeeping services.

With our Amazon Accounting Simplified online course, you get access to our years of expertise for a fraction of the cost of our professional services. We even offer a course option that includes one on one private coaching to help you with your specific business questions.

Completing this course gives you the confidence and education needed to manage your Amazon Accounting like a pro, because we teach you how to do what we do.
Your Instructor

Anna Hill, CPA
Anna Hill, CPA

I’m Anna Hill, CPA. I founded the 11,000 member strong Facebook group for Amazon sellers called Accounting We Will Go. I envisioned the group as a place for sellers to build a community to help with something most people don’t like doing: their books. I realized that the need for accounting help was substantial but with so many different types and sizes of online seller businesses there was a need for self-education on how to do simple bookkeeping for growing businesses. That’s how this site came to be. I combined my more than 20 years as a CPA licensed in Georgia with my experience of being a small-scale Amazon seller myself to create this set of online courses for small e-commerce businesses. I’m passionate about helping the seller community become self-sufficient in keeping their books, by teaching them how to do it right!

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