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Why e-Commerce Brands Should Invest In Proper Accounting Records
Tyler Jefcoat is the Founder and CEO of Seller Accountant, an accounting firm that helps e-commerce sellers drive profitable results by taking their bookkeeping headaches away. At Seller Accountant, Tyler provides financial coaching for sellers totalling more than $100 million per year in e-commerce sales. In addition to this, he also leads the Sellers Roundtable, an exclusive mastermind group for seven- and eight-figure sellers.
Prior to starting Seller Accountant, Tyler co-founded and sold Care to Continue, a home health care company that grew to 100 employees in four years.
In this episode…With shifting consumer preferences brought on by the COVID-19 pandemic and rapid growth in the technology space, now is the perfect time to make your move to e-commerce. However, selling on e-commerce platforms such as Amazon comes with its own set of challenges—namely, how to handle your finances.
Amazon sellers have to make the right financial decisions to ensure that they have enough cash flow to generate maximum profitability, expand their market reach, and meet customer demands. Because of this, good accounting systems are essential for brand owners looking to enter, or even exit, the Amazon marketplace. So, what do you need to know about e-commerce accounting as an Amazon seller?
In this episode of the Buy Box Experts podcast, James Thomson is joined by Tyler Jefcoat, the Founder and CEO of Seller Accountant, to discuss why e-commerce brands should invest in proper accounting systems. Together, they talk about the best strategies for cash flow and SKU level management, how the COVID-19 pandemic impacted sellers without proper accounting records, and Tyler's advice to brands looking to join or exit the Amazon marketplace. Stay tuned.
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By Joseph Hansen and James ThomsonTyler Jefcoat is the Founder and CEO of Seller Accountant, an accounting firm that helps e-commerce sellers drive profitable results by taking their bookkeeping headaches away. At Seller Accountant, Tyler provides financial coaching for sellers totalling more than $100 million per year in e-commerce sales. In addition to this, he also leads the Sellers Roundtable, an exclusive mastermind group for seven- and eight-figure sellers.
Prior to starting Seller Accountant, Tyler co-founded and sold Care to Continue, a home health care company that grew to 100 employees in four years.
In this episode…With shifting consumer preferences brought on by the COVID-19 pandemic and rapid growth in the technology space, now is the perfect time to make your move to e-commerce. However, selling on e-commerce platforms such as Amazon comes with its own set of challenges—namely, how to handle your finances.
Amazon sellers have to make the right financial decisions to ensure that they have enough cash flow to generate maximum profitability, expand their market reach, and meet customer demands. Because of this, good accounting systems are essential for brand owners looking to enter, or even exit, the Amazon marketplace. So, what do you need to know about e-commerce accounting as an Amazon seller?
In this episode of the Buy Box Experts podcast, James Thomson is joined by Tyler Jefcoat, the Founder and CEO of Seller Accountant, to discuss why e-commerce brands should invest in proper accounting systems. Together, they talk about the best strategies for cash flow and SKU level management, how the COVID-19 pandemic impacted sellers without proper accounting records, and Tyler's advice to brands looking to join or exit the Amazon marketplace. Stay tuned.