Episode 236 - Accounting for Amazon Sellers with Ryan Hurley

Tax Compliance, Business Performance Analysis, Budgeting and Planning, Estimated Sales Velocity, and Risk Management are just some of the reasons why Accounting is crucial for any Amazon seller.Ryan Hurley, the founder and lead developer of SellAnalytics, a software that helps Amazon sellers manage their accounting and inventory, teaches us the importance of accurate accounting, the limitations of existing tools such as A2X and QuickBooks, and how Sell Analytics offers a comprehensive solution for Amazon sellers.Episode Notes:00:39 - Ryan Hurley Introduction 03:56 - First Product Sold 04:11 - Solving Accounting Problems 05:14 - Tying Inventory into Cashflow 06:47 - Inventory value on QuickBooks 07:18 - What Do You Need To Know Before Filing 07:56 - Trial Balance 09:31 - QuickBooks vs Spreadsheets 10:01 - Why Bypass QuickBooks 14:01 - Learning How to Operate an Accounting Firm 15:21 - Building Other Sales Channels 15:59 - Learning How Much to Reinvest in the Business Website: https://sellanalytix.com/LinkedIn: linkedin.com/in/ryan-d-hurleyRelated Post: 5 Ways To Turn Your Finances Into a Business Strength