Amazon is probably the one place where every single ecommerce business owner has to have a presence. 

It’s simple supply and demand. There is a tremendous demand there. It’s the first place I go as a consumer whenever I need something. 

Accordingly I wanted to give you my process for how I handle accounting for Amazon sales.

Webgility isn’t 100% reliable, or you have to pay a lot of money to have a plan that allows you to distinguish orders that shipped vs those that didn’t.

Amazon only funds the orders that shipped, so if webgility is pushing all of the sales in, it will be a nightmare to reconcile that with what actually funded to your account.

My process here walks you through how to get your bi-weekly Amazon Settlement report organized very quickly in terms of Gross Sales, fees, reserves, and net deposit.

Once you have everything set up, you will be able to get that report in two clicks.

Then it’s another 5 minutes to import the sales and complete the sales receipt in QuickBooks Online.

This involves a template that I’ve created in Excel which is sold separately.

My top ecommerce client tells me I should be charging twice what I am.

My Amazon Settlement Template takes what would otherwise be hours and turns it into minutes. That is not an exaggeration.

This section of the course takes you step by step through the entire process of setting up the template, and using it to import your Amazon sales into QuickBooks Online.

Amazon Settlement Report Template

 

Share this post
EmailFacebookFacebook MessengerTwitterPinterestLinkedInShare