5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping [SAVE THOUSANDS!]

In this video you'll learn 5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping and what solutions are available for them. Watch until the end for BONUSES!

The owner of CapForge Accounting will be in a call with me to answer some basic and at the same time important questions.

Link for FREE consultation: https://capforge.com/tom

#TomWang #AmazonBookkeeping #AmazonFBA

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Timestamps:

0:00 Why bookkeeping important for your Amazon FBA business
0:21 What Tom uses to keep his books clean
0:48 Why you should implement these 5 things
1:22 Who is Tom Wang?
1:44 Introduction of the CapForge Accounting owner
3:43 Types of mistakes people do in bookkeeping
4:44 Presentation summary
5:10 What CapForge does
5:26 Not having proper bookkeeping
7:46 What bookkeeping is
9:06 Bookkeeping software
10:53 What is A2X and what is the problem with it?
12:20 Cash vs. Accrual
17:38 How to check if accrual is right
18:32 LLC vs. S Corp
21:11 Not tracking profit by SKU
22:33 Example of SKU tracking
24:50 Enterprise value
27:58 Tips on how to avoid hurting enterprise value
29:05 Bonuses!
30:45 Contact information
31:49 How to pull information from Amazon
35:02 Cost of services
35:57 Recommendations from Tom

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Who is Tom Wang?

Hi I’m Tom Wang. Just a few years ago, I was a pretty normal guy who worked at a sales job. But I felt stuck. I’m from a Chinese immigrant family, so taking care of my parents financially was always a big important motivator for me.

The problem is I knew I wouldn’t make enough at any job to do this.

So I looked to start an online business.

After 10 months of starting on Amazon, I was ready to throw in the towel.

I sat my girlfriend down to let her know I was going to quit - like I did with so many of my other side hustles. But she didn’t let me. She reminded me - just one successful product on Amazon would change our lives - and she was right.

We launched our 3rd product that’s the one that finally took off.

Since then I’ve made over $6M+ in sales, I’ve traveled the world and I live my dream life.

The purpose of this channel is to document my journey, and to help the people who were like me back in the day. I talk about Amazon strategies. Tips on being an entrepreneur. Life hacks I find out about. And more.

Wherever you are on your journey, I hope to help you move closer to your dreams and to help those you care about too.

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Email: hello@tomwang.io
Podcast: http://bit.ly/tomwangshow

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5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping [SAVE THOUSANDS!]

https://youtu.be/3zoll_BMHqs
https://youtu.be/3zoll_BMHqs

Видео 5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping [SAVE THOUSANDS!] канала Tom Wang