We recently ran one of our in-depth cloud accounting webinars, “Is Xero Suitable for Amazon Sellers?”.
It was a great turnout, and I was happy to help with as many questions as we had time for. Unfortunately, I couldn’t get through all of them!
During our webinar on 26th June 2018, we received lots of fantastic questions from our viewers. As we did not have time to get through them all on the session, we are posting Max’s answers here, so you can check back whenever you need to.
Guest written by Denyn Bird for A2X Accounting.
Fulfilment by Amazon (FBA) provides online sellers with access to vast economies of scale in the warehousing and fulfilment space. At present, Amazon has operations in 15 countries, and ships products throughout most of the world. Using FBA to store and ship your goods allows you to leverage Amazon’s resources to your advantage.
As the rise of Amazon Sellers continues to increase, so does the trend of multiple marketplace selling. This leads to us wondering, why limit yourself to one country when there is a whole world of opportunity out there?
Amazon is huge. And the potential for sales is massive.
But with big sales, things can get complicated fast.
Fortunately, there are loads of automated options that can take care of the messy and boring bits: from accounting and tax codes to stock control and shipping.
It’s easy to see why manufacturers and wholesalers might be jealous of the simpler industries.
With intricate logistic networks and an enormous range and depth of items and stock to manage, things can get messy if you’re not in control.
The importance of cash flow cannot be underestimated. In fact, poor cash management is the number one reason why small businesses fail.
An accurate, up-to-date cash flow forecast can address this risk head-on as it predicts a small business’s future cash outlook by mapping when and how much money flows into and out of its bank account. A cash flow forecast will tell business owners when they will face cash shortages and surpluses – and help them plan accordingly.
Project management isn’t exactly glamorous.
But when it’s done right – and when you have the right tools – you can start to see just how profitable and stress-free the time spent on your projects can be.
It was just a matter of time before someone automated the filling of returns to HMRC and Companies House. From paper receipt through to tax returns, this is the first step towards a complete link in the automated accounting chain.
Instafile was created to help small businesses avoid the ordinary pitfalls of the government’s manual systems and allow them to file returns themselves in minutes.