Tag Archives: Financial

Understand the Numbers Behind Your Ecommerce Business With Zynergy Books

Outsource bookkeeping, improve your financial management skills, and increase your profits, with ecommerce specialist Zynergy Books.

Zynergy Books Mike Cortes in office

Bookkeeping is a necessary evil for online retailers. Some sellers see hundreds of transactions a day, making it difficult to keep track of money going in and out. On top of that, cashflow issues can go unnoticed and threaten the survival of any business, even those that are very profitable.

The obvious solution is to hire a professional bookkeeper to balance the numbers and keep your books correct and up-to-date. But there’s only so much a bookkeeper can do. You’ll typically have contact with your bookkeeper once a month, when you send over your latest figures, then they’ll then go away and work their magic alone. Rinse and repeat every month.

Zynergy Books does things differently. They provide bookkeeping services to ecommerce businesses, so sellers can offload that work and spend their time more productively. But then Zynergy uses their experience in both ecommerce and finance to provide personalized coaching, helping retailers cut costs, improve cashflow and boost profits.

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29+ States Are Bringing in Sales Tax Economic Nexus. Are You Ready?

Sales tax will never be the same again after South Dakota v. Wayfair, as a majority of states jump on this new opportunity to tax remote sellers.

US sales tax states and economic nexus chart

Shown above: remote seller nexus by state as of October 4, 2018

U.S. sales tax will never be the same again, especially for online sellers.

Why is that? Well, a Supreme Court ruling on June 21st, 2018 threw out the idea that liability for sales tax had to be based on having some sort of physical presence in the state.

Now, due to the South Dakota v. Wayfair case, states can introduce something called economic nexus. There are no tests of physical presence at all for economic nexus. Instead, a seller can become liable to sales tax based on the total number of orders shipped to customers in that state, or the total dollar value of those orders.

Today, 29 U.S. states have adopted economic nexus, and more could follow suit. How did this seismic shift in sales tax come about? What are online sellers’ new obligations, and what do they need to do to fulfill them?

We’ll also look at the services provided by post sponsor Avalara, to help sellers handle their sales tax responsibilities.

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FBA Calculators: The 3 Best Tools For Calculating Amazon FBA Fees

Three of the best Amazon FBA calculators to help you make informed, competitive decisions about your pricing and product selection.

Using an FBA calculator can help you make quick, informed decisions about products and pricing, and ensure the profitability of your business.

There are dozens of FBA calculators available. There’s Amazon’s own calculator and other web-based tools with various additional features. There’s a range of browser extensions, which make it really quick to calculate fees when browsing existing products on Amazon.

For sellers who want to experiment with factors like size and weight, or who just prefer to work in Excel, there are spreadsheet-based calculators.

In this post we are going to highlight the best Amazon FBA calculators of each type, and explain all the pros and cons.

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Teapplix: 10 Years Automating Operations for eBay and Amazon Sellers

From shipping orders and synchronizing inventory, to connecting sales channels with QuickBooks, Teapplix has back office automation nailed

Man running with laptop

With over ten years in the software business, Teapplix has carved out a unique position for themselves. They’ve made back office automation their focus. Teapplix helps sellers maximize the speed and accuracy of their shipping, inventory synchronization and accounting operations.

Back office operations may not be glamorous, but they are crucial to get right. Shipping has to be fast, inventory levels have to be up to date, and accounting has to be accurate. If you can do a great job of all those, you’ll please a lot of important people: customers, marketplaces and the tax authorities!

With a decade of continuous enhancements, Teapplix has reached a level of sophistication and reliability to meet the needs of most ecommerce businesses. Teapplix is used today by eBay and Amazon sellers handling from 10-20 orders per day to thousands of orders per day.

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Inventory Turnover Ratios for Ecommerce: Everything You Need To Know

Do you know your inventory turnover ratio? Here’s the simple formula to calculate your inventory turns, what it means and why it matters.

Busy warehouse

This post is by Chinh Nguyen, Co-founder and VP, Marketing and Revenue at Finale Inventory.

As an ecommerce business owner, customers all over the world can view and buy your products in an instant. This allows your inventory to move at a much faster pace than in brick-and-mortar stores.

When your inventory is managed well, it can lead to long-term success for your business, making your inventory turnover ratio an important topic to know and understand. There’s a lot you need to know about inventory turnover for ecommerce, and we’re here to answer all of your most pertinent questions.

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