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Are you tracking your Amazon inventory costs incorrectly? It might be costing you thousands.

Most sellers believe they’re profitable, but in reality, many are using outdated accounting methods that misreport profits. In this video, I break down the three key cost-tracking methods (Constant, Weighted Average, FIFO) and walk you through exactly how to implement FIFO inside Sellerboard for accurate profit analysis.

Whether you’re doing arbitrage, wholesale, or private label, this tutorial will help you:

• Avoid profit-killing errors

• Understand your real margins

• Make smarter inventory and ad decisions

• Scale confidently with financial clarity

Start your free 2-month trial of Sellerboard: askjimmysmith.com/sellerboard

Need professional accounting support? Visit: askjimmysmith.com/eca

Amazon sellers and eCommerce entrepreneurs over $5k per month in sales:

If you're ready to scale your Amazon business to new heights, APPLY HERE to join the Business Building Legends community: https://www.askjimmysmith.com/legends

Not there yet?

If you're just starting out or earning less than $5,000 per month on Amazon, YOU are why I make all my best resources FREE. I have nothing to sell you. Access my FREE 30-day training and other tools here: https://www.askjimmysmith.com/freetraining

Chapters :

00:00 – You're Tracking Profits Wrong

00:36 – Why FIFO Method Matters

01:30 – 3 Methods Every Seller Must Know

02:48 – Real Demo: Setting FIFO in Sellerboard

04:27 – Constant Cost – The Dangerous Default

06:17 – Weighted Average Explained

06:58 – FIFO – The Most Accurate Method

09:23 – Why Average Costs Lie

11:40 – Batch Management Example

13:25 – Weighted Avg vs FIFO

14:55 – Sellerboard Profit Accuracy Demo

16:50 – When to Use Each Accounting Method

18:47 – Final Thoughts and Links

Other eCommerce Training and Business Building Links:

Free Amazon Facebook Group:

https://bit.ly/mstgroup

The Proven Amazon Course:

https://bit.ly/paccourse

eBay Training Community:

https://treasurehuntingprofits.com

Amazon Coaching (affiliate):

https://bit.ly/jimcockrumcoaching

eCommerce Accounting Services:

https://ecommerceaccountingllc.com

Replen Dashboard:

https://www.replendashboard.com

Affiliates and Discount Links:

Aura Repricer:

https://bit.ly/replensgoaura

Helium10 (Discounts):

https://bit.ly/helium10ajs

Disclaimer:

While all of these success stories/testimonials are from real people and we get more each and every day, please understand however that the results posted are not typical. I'm not implying you’ll duplicate them or that you’ll get any results at all! Your results will vary greatly and will depend on many factors including your experience, work ethic and other factors as well. The fact is, the average person who buys any business course or training gets little to no results. The results I share here and in other places are for reference only. Business always involves risk and your best chance of success is to take consistent, intentional action. We can equip and inspire you, but no one, including me can guarantee your results!

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