Financial Accounting
Ecommerce Accounting Standards: 36 Checks for a Seller's Books
36 checks ecommerce accountants apply to a seller's books, in eight groups: payouts, landed cost, opening stock, go-live, the P&L, the close, losses and tax.
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Financial Accounting
Financial Accounting
Ecommerce Chart of Accounts and P&L: A Short Chart That Reports by Month and by Channel
A short ecommerce chart of accounts keeps income and fees on a few lines, tags the channel instead of adding accounts, and gives a P&L you can read by month.
Financial Accounting
Month-End Close for Ecommerce: The Process, the Review and the Inventory Tie-Out
How an ecommerce seller closes a month: let payouts settle, match every deposit, tie inventory to the ledger, have a second person sign off, and lock later.
Financial Accounting
Inventory Audit Before Go-Live: Are Your Costs and Counts Clean Enough for the Ledger?
Before inventory posts to your ledger, every unit needs a cost, every cost a document and every warehouse a count. How to audit all three, with worked numbers.
Financial Accounting
Inventory Shrinkage Accounting: Where Losses, Damage and Returns Belong on Your P&L
Shrinkage, damage, expired stock, returns and FBA removals each need their own entry. Where each goes on the P&L, the entries, and a check to run on your books.
Financial Accounting
Landed Cost: What It Is, How to Calculate It, and What Belongs in a Unit's Cost
Landed cost is the supplier price plus freight, insurance, duty and fees to make a unit sellable. How to calculate it, split shared bills and check your books.
Financial Accounting
Marketplace Facilitator Tax: How to Account for Sales Tax the Marketplace Collected
Amazon, Walmart, eBay and Etsy collect and pay sales tax for you. How to book it so it nets to zero, the mistakes that inflate your liability, and how to check.
Financial Accounting
How to Account for Marketplace Payouts with a Clearing Account
A marketplace payout is sales, fees, refunds and held money in one deposit. Book it gross, match it to the bank, split it at month end, and clear what is left.
Financial Accounting
Opening Inventory: How to Set Your Beginning Inventory Value When You Switch Systems
When you switch inventory systems you know the quantity and not the cost. How to count, cost and tie your opening inventory to the books, with worked numbers.
Financial Accounting
A Flat COGS Percentage Is a Stand-In Cost
Booking cost of goods sold as a flat percentage of sales, or a penny for free stock, can make the year tie out and still hide which product loses money.
Financial Accounting
Is Your Sales Tax Filing Missing Your Wholesale Orders?
A filing service connected to your store files what your store saw. Wholesale and B2B orders you create yourself never reach it. How to check, and how we fixed it with Numeral.
Financial Accounting
Amazon FBA Inventory Reconciliation in 2026
In 2021 I published what was broken about reconciling FBA inventory. Amazon's answer was a ledger. Here is what that fixed, and what it left on you.
Financial Accounting
Keeping your 3PL in check
If you use a 3PL in an e-commerce environment, auditing the inventory levels of 3PL can be challenging. Learn why Keeping your 3PL in check is important.
Financial Accounting
Inconsistency of data for Amazon Financial Adjustments
One of the “Adjustment” financial events we listed was “ReturnPostageBilling_postage”. Know the Inconsistency of data for Amazon Financial Adjustments.
Financial Accounting
Amazon Seller Fees Explained: The Full Breakdown
Selling on Amazon is tough, many sellers operate losing money and don’t even know it. Keep reading as we prepare a Breakdown of Amazon Fees below!
Financial Accounting
E-Commerce Accounting: Why you should not use your accounting software to make decisions
One of the common ways E-commerce sellers manage operations is via accounting software. Learn why you don't use E-Commerce Accounting to make decisions.
Financial Accounting
Which Product Deserves Your Next Inventory Dollar?
Margin percentage has no dates in it. Internal rate of return does — and it ranks a 10%-margin product above a 35%-margin one. Worked examples, and the limits.
Financial Accounting
True Profit vs. Gross Profit: Calculating Profitability
Making smart decisions requires an understanding of true profit vs gross profit. Check to know the difference between True Profit vs Gross Profit.