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Accounting for Amazon
Welcome!
2020 Updates (1:40)
Module 1: The Biggest Challenges of Amazon
All Slides - Module 1 (2020)
What to Expect from This Course (1:48)
Income Challenges (4:27)
UPDATE: Amazon Refresh (1:24)
UPDATE: Sales Tax (Nexus) (0:56)
Other Challenges (0:58)
UPDATE: Xero vs. QuickBooks Online - Which Is Better? (7:31)
Amazon Challenges: Let's Review (0:47)
What We'll Cover in This Course (0:53)
UPDATE: Module 2: Sales Tax
All Slides - Module 2
Introduction to Sales Tax (Outsourcing) (2:13)
Introduction to Sales Tax (Physical & Economic Nexus) (11:30)
Where is My Physical Nexus? (2:27)
Marketplace Facilitators (3:10)
Configure Amazon to Collect Sales Tax (1:07)
How to Pull Amazon Sales Tax Data for Reporting (5:37)
Sales Tax: Let's Review (1:05)
Module 3: Accounting System Setup
All Slides - Module 3
Is There an App for That? (2:19)
Accounting System Setup (1:14)
Multi-currency (1:37)
Multi-currency: Xero (1:27)
UPDATE: Multi-currency: QBO (2:15)
Tracking Categories / Classes (0:53)
Tracking Categories: Xero (2:17)
Classes: QBO (2:16)
Chart of Accounts (2:11)
Chart of Accounts: Xero (4:05)
Chart of Accounts: QBO (2:16)
Payment Processors (1:17)
Accounting System Setup - Let's Review (0:44)
Module 4: Recording Amazon Income
All Slides - Module 4
Getting Amazon Ready (5:09)
Setting Up A2X (3:58)
Setting Up A2X: Connecting to Amazon (5:14)
Mapping A2X (9:02)
Push to Accounting - Xero (5:38)
Push to Accounting - QBO (7:21)
A2X Final Tips (3:25)
Recording Amazon Income: Let's Review (1:08)
Module 5: Inventory and Cost of Goods Sold
All Slides - Module 5
Why Do We Care? (3:15)
Inventory and COGS - In Theory (2:01)
Inventory and COGS - Operational View Intro (4:13)
Inventory Operations - Purchase Orders and SKUs (25:49)
Inventory Operations - Costs (12:01)
Inventory Operations - Inventory (11:04)
Cloud Inventory Solutions (39:51)
Inventory and COGS - Operations Review (2:58)
Accounting for Purchases (2:50)
Purchases: Using Xero (6:00)
Purchases: Using QuickBooks Online (3:53)
Inventory and COGS - Bringing Ops and Accounting Together (3:33)
Gathering Costs (7:44)
Inventory and COGS - Setting Up A2X (1:57)
Inventory and COGS - Using A2X (7:41)
COGS - Push to Accounting - Xero (1:16)
COGS - Push to Accounting - QBO (0:41)
Does Your Inventory Balance? (5:51)
Inventory & COGS: Let's Review (1:07)
Module 6: Everything Else
All Slide - Module 6
Get an Accounting Partner (6:15)
Paperwork, Paperwork (7:36)
Governmental Stuff (10:40)
Everything Else: Let's Review (0:53)
Module 7: Bonus Resources and Tools
State and Local Tax (SALT) Resources
Templates and Instructions
Resource List (with Discounts!)
Reading and Training Links
From Sales Tax Institute: Remote Seller Nexus Chart
eBook: Ecommerce Security Best Practices
eBook: Taxify Sales Tax Guide for Amazon Sellers
Webinar: Essential Tools for Amazon Sellers (57:41)
YouTube: The Great Debate - Join Sales Tax Amnesty Program? (with Scott Scharf)
Tracking Categories: Xero
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