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Amazon Management Accounting with Sergey Faldin of Sellerscale
Management Accounting for Amazon Sellers
Resources Mentioned today
You'll Learn
Management accounting cf financial accounting
* Why accounting does not just mean “financial accounting”
* What management accounting is and why you need it
* The limitations of Quickbooks and Xero for Amazon sellers
* Who the reports are actually designed for
* Why the delay in reporting is so critical
Why Amazon sellers often struggle with numbers
* Why Amazon being is so easy to start can be a problem
* Why Amazon “is ecommerce on training wheels”
* Which piece of management is the least developed
* Why having no excel skills leaves Amazon sellers in trouble
Why Paul created Sellerscale- Meditation pillow
- Low pricing power Bec not differentiated
- Didn’t realise until it was too late and he was out of business!
- It’s cheaper to do due dil upfront
- He shared the spreadsheet and got a lot of feedback
Why Amazon accounting is inherently hard
* The issue with Amazon reports
* The thing you have to do with Amazon reports that's even harder
* The one thing you can't do easily with Amazon reports that is critical to cashflow and cash cycle management
* The intrinsic e-commerce issue - especially if you're importing - that means you can't affrod to get your economics wrong.
* The three big issues with accounting packages like Xero and Quickbooks for Amazon management accounting
* The 5 main Amazon management accounting problems Seller Scale solves
Trying out Sellerscale
Amazingfba.com/sellerscale
As well as a 14-day free trial (No credit card needed), you can get 75% off first 2 months as a podcast listener.
Just
1. Copy this Discount code:
AmazingFBA752
2. Click on this link
Today's Guest
Sergey is CMO of Sellerscale, which is a management accounting platform that helps amazon sellers stay on top of their financials.
Watch Amazon Management Accounting with Sergey Faldin of Sellerscale
View all episodes
By Michael Veazey
4.5
2626 ratings
Management Accounting for Amazon Sellers
Resources Mentioned today
You'll Learn
Management accounting cf financial accounting
* Why accounting does not just mean “financial accounting”
* What management accounting is and why you need it
* The limitations of Quickbooks and Xero for Amazon sellers
* Who the reports are actually designed for
* Why the delay in reporting is so critical
Why Amazon sellers often struggle with numbers
* Why Amazon being is so easy to start can be a problem
* Why Amazon “is ecommerce on training wheels”
* Which piece of management is the least developed
* Why having no excel skills leaves Amazon sellers in trouble
Why Paul created Sellerscale- Meditation pillow
- Low pricing power Bec not differentiated
- Didn’t realise until it was too late and he was out of business!
- It’s cheaper to do due dil upfront
- He shared the spreadsheet and got a lot of feedback
Why Amazon accounting is inherently hard
* The issue with Amazon reports
* The thing you have to do with Amazon reports that's even harder
* The one thing you can't do easily with Amazon reports that is critical to cashflow and cash cycle management
* The intrinsic e-commerce issue - especially if you're importing - that means you can't affrod to get your economics wrong.
* The three big issues with accounting packages like Xero and Quickbooks for Amazon management accounting
* The 5 main Amazon management accounting problems Seller Scale solves
Trying out Sellerscale
Amazingfba.com/sellerscale
As well as a 14-day free trial (No credit card needed), you can get 75% off first 2 months as a podcast listener.
Just
1. Copy this Discount code:
AmazingFBA752
2. Click on this link
Today's Guest
Sergey is CMO of Sellerscale, which is a management accounting platform that helps amazon sellers stay on top of their financials.
Watch Amazon Management Accounting with Sergey Faldin of Sellerscale
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