Benefits of choosing us
Your business is different, and it needs specialized attention and expertise. We at Meru accounting have proven expertise in handling Amazon sellers’ bookkeeping and accounting and have served hundreds of sellers over the years.
Why choose us?
Proven ecommerce expertise:
At Meru, we have experience of working with many e-commerce entrepreneurs and Amazon sellers and have a track record of facilitating best support services to them, which is crucial for business growth.
Accurate reporting of cash flows:
Financial reporting is the lifeblood of any business, and it is very essential in order to know the health of your business. Experts at Meru Accounting reconcile cash flow statements and other transaction details digitally and provide you time to time reporting.
Sales tax expertise:
There are many terminologies that are associated with E-commerce taxes, and it becomes complicated at times to understand each and every terminology. Our team of experts helps you break down the bulk and recommend how to procure tax benefits and save taxes on Amazon sales.
Inventory management:
With automation of your seller's account, we integrate your account with the best software, which automatically recommends you the plan of action with regard to inventory management and ensures proper assistance.
Multiple currencies support:
We have clients in numerous countries like the US, UK, Australia, etc., and the E-commerce business has no boundaries; keeping that in mind, we provide multiple currency support so that you can do business seamlessly all over the world.
Constant Assistance:
We have a dedicated team who constantly aims to carry out activities to get better every day and recommend our Amazon seller clients the best possible advice. Get assistance over call, email, skype, or any other mode you are comfortable with.
Many businesses foray into the online market via Amazon, but only a few make a profit venture, because of accurate bookkeeping and accounting. You are building a strong backbone for your business by allowing us to provide our accounting service.
We can also assist with more complex accounting services and help you get the most from your financial resources by providing financial reports and actionable business plans. Contact us today.
Bookkeeping for Amazon Sellers
Amazon, as we all know, is an e-commerce platform that enables third-party sellers to sell either new or used products at a fixed price online. Amazon is one of the most popular choices for starting a new business. So much so that some 100,000+ new Amazon businesses open their doors each year. Of course, not all of those businesses survive, and one of the primary reasons for that is poor amazon bookkeeping and accounting.
Why bookkeeping is essential for Amazon sellers
While we think of an Amazon sellers’ business, bookkeeping and accounting are some of the last things that strike our mind. While bookkeeping might not be the most exciting subject, it is crucial to help Amazon sellers understand where their business stands as far as finances are concerned. Understanding your FBA business numbers will allow you to grow your business and help you make wise decisions by helping you see what is working and capitalizing on trends.
Cash Flow Management
The foundation of a successful small business as an Amazon seller is its seller's bookkeeping. Proper accounting systems in place will ensure that your cash inflows and outflows are appropriately done, especially if it's still a startup.
Better Business Decisions
Accounting and bookkeeping for Amazon also help to extrapolate vital information to make informed decisions. Important information from this accounting data will allow you to acquire customers, analyze sales, inventory management, and operating expenses.
Understanding Tax Complexities
If regular bookkeeping is in place for your seller's account, then these records will make tax season a lot more manageable for you. It will also help you unfold complexities related to taxes and help you muster tax benefits.
Further financing
In order to expand your business, if you ever require a loan, you'll need to provide the creditor or the bank with various financial information. This is easy to do if your books are accurate and up-to-date. Systematic bookkeeping eases the financial reporting, which would've been a tedious task if not done regularly.
Product Management
Bookkeeping not only serves as a checker for the financial health of your online seller business but it also gives product insights through sales data. It becomes straightforward for the seller to identify which product sales are highest and which product sales are down. It can help you answer questions like, which products should I axe? Which should I double down on? How much inventory you should order etc.
As an Amazon seller, it becomes complicated to manage all other activities like stocking, branding, IT, etc. If you add regular bookkeeping and accounting in your to-do list, it is very certain that you will make mistakes or tend to miss out on numerous benefits out of it.
Therefore, accounting for Amazon should not be a solo act. This is where outsourcing accounting services from Meru accounting will take all the stress and anxiety off your shoulders. You won’t need to worry about it being done, done on time, and done correctly. We use a tool for automation of this process known as A2X. It connects the amazon seller account with accounting software Xero and QuickBooks. It will regularly update your books from the back end of Amazon.
Scaling your business on Amazon has enough challenges of its own, and entrusting us with your books and accounts will let you peacefully look after your customers while saving time and costs
Our Brochure
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Founder & CEO
STEVEN MONROE
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Founder & CEO
STEVEN MONROE
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Finance & Commerce
MICHAEL KING
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