Amazon sellers, by default, have complicated financials. Unlike a simple service business for example, an Amazon seller needs to account for inventory, cost of goods sold (COGS), sales, and Amazon fees (FBA, inbound shipping, fulfillment center, etc). If you have reached any sort of significant volume in your business, a robust bookkeeping system becomes necessary—unless […]
Sometimes I will get a potential client that is using their personal bank account for their business. Most of the time they’ve just started their new business, are new to freelancing, or are bloggers/Etsy-sellers/etc that have just started turning a real profit. Whatever the case may be, and whether or not they hire me, I […]
The first year I had to file taxes as a business owner, I was scared, overwhelmed, and a bit under-prepared. The good news is that if you have kept up on your bookkeeping all year, and if you are a sole proprietor or are a single-owner LLC, doing your business taxes is EASY. Schedule C […]
When starting a new Shopify store (or other e-commerce site), it is easy to spend all your time developing relationships with manufacturers, marketing your products, and fulfilling orders. Unfortunately, there’s this little thing called bookkeeping that often gets set aside for more exciting business activities. While it’s certainly not as sexy as Instagram or as […]
At Burton Bookkeeping, we work with two basic types of business in establishing their cloud accounting system: (1) new businesses that are tech-savvy and already run much of their business in the cloud, and (2) established business that are using an outdated accounting system and recognize the advantages to modernizing their processes. In both cases, […]