Accounting for Amazon
Online Course for Amazon Sellers (and for the Accountants Who Love Them)
This course is for you if you're using Xero or QuickBooks Online to track Amazon sales, either in the US or internationally.
We will discuss the specific challenges Amazon sellers face regarding sales tax and how to quickly and painlessly know if you're profitable using the right tools.
We will also cover all the ins and outs of inventory and cost of goods sold, including how to select the right cloud inventory tool for your business and how to calculate cost of goods sold accurately. We'll wrap it up by introducing a few extra tools to help you automate your accounting process and business requirements that are often overlooked by new sellers.
Note: this course does NOT cover VAT or GST - only US sales tax.
Not just the why and what but also the elusive HOW.
"Just completed the Amazon course. Wow. Excellent."
- Mick Lindquist, Chief Buddy, Bookkeeper Buddy
"I'm currently making my way through the course, and I definitely think it's worth every cent and more, especially for me because I'm a really small seller who’s kinda clueless on a lot of things involving eCommerce. I only started selling online about 5 months ago and I'm currently at $XX,000 in revenue with 2 SKUs. And after watching this course, I quickly realized that I haven't been recording A LOT of important data which would have caused a ton of problems, bottlenecks, and disorganization while trying to scale up in the future.
I'm very happy that I found this course now instead of later."
- Parker Knight, College Student & Budding Entrepreneur
"I just finished watching “Accounting for Amazon”. I am really impressed by the quality and vast amount of knowledge offered. As a CPA serving many Amazon sellers, I learned many new ideas (CoGS in A2X is a real game changer) and got additional clarity on concepts that I deal with day-to-day.
This course is chock-full of useful and practical info and a must watch for every Amazon seller. I’d recommend for every accountant to watch as well!"
- Jacob Oberlander, Jacob I. Oberlander CPA PC
Your Instructors
Patti Scharf is the Co-Founder and Chief Accounting Geek for Catching Clouds LLC, the leader in ecommerce accounting. She is a blogger, speaker, and advocate in the accounting technology industry. She is a CPA who absolutely loves designing effective accounting systems for ecommerce businesses and is committed to advancing the artistry of accounting through the use of technology. You can follow her on YouTube (https://www.youtube.com/c/CatchingCloudsAcademy).
Scott Scharf is the Co-Founder and Chief Ecommerce Geek of Catching Clouds LLC. Scott is passionate about helping business owners run better businesses by having detailed, accurate financials so they can make great decisions. Scott loves talking to and consulting with ecommerce sellers by reviewing their technology stack, internal operations, cloud inventory, and sales tax management.
Course Curriculum
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StartAll Slides - Module 1 (2020)
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StartWhat to Expect from This Course (1:48)
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StartIncome Challenges (4:27)
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StartUPDATE: Amazon Refresh (1:24)
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StartUPDATE: Sales Tax (Nexus) (0:56)
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StartOther Challenges (0:58)
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StartUPDATE: Xero vs. QuickBooks Online - Which Is Better? (7:31)
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StartAmazon Challenges: Let's Review (0:47)
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StartWhat We'll Cover in This Course (0:53)
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StartAll Slides - Module 2
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StartIntroduction to Sales Tax (Outsourcing) (2:13)
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StartIntroduction to Sales Tax (Physical & Economic Nexus) (11:30)
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StartWhere is My Physical Nexus? (2:27)
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StartMarketplace Facilitators (3:10)
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StartConfigure Amazon to Collect Sales Tax (1:07)
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StartHow to Pull Amazon Sales Tax Data for Reporting (5:37)
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StartSales Tax: Let's Review (1:05)