Why e-Commerce Brands Should Invest In Proper Accounting Records

Tyler Jefcoat is the Founder and CEO of Seller Accountant, an accounting firm that helps e-commerce sellers drive profitable results by taking their bookkeeping headaches away. At Seller Accountant, Tyler provides financial coaching for sellers totalling more than $100 million per year in e-commerce sales. In addition to this, he also leads the Sellers Roundtable, an exclusive mastermind group for seven- and eight-figure sellers.

Prior to starting Seller Accountant, Tyler co-founded and sold Care to Continue, a home health care company that grew to 100 employees in four years.


Here’s a glimpse of what you’ll learn:

• Tyler Jefcoat's advice to sellers on handling cash flow during the current COVID-19 crisis
• FBA orders versus merchant fulfilled orders from an accounting perspective
• The e-commerce accounting essentials that every third-party Amazon seller should have
• Tyler shares the short-term changes sellers have had to make due to shifting consumer preferences
• Tyler's recommendations to brands looking to join—or exit—the Amazon marketplace
• How a business with only a few SKUs can diversify its financial risks
• Tyler talks about his background in e-commerce and what sellers should look for when hiring an e-commerce accountant


In this episode…

With shifting consumer preferences brought on by the COVID-19 pandemic and rapid growth in the technology space, now is the perfect time to make your move to e-commerce. However, selling on e-commerce platforms such as Amazon comes with its own set of challenges—namely, how to handle your finances.

Amazon sellers have to make the right financial decisions to ensure that they have enough cash flow to generate maximum profitability, expand their market reach, and meet customer demands. Because of this, good accounting systems are essential for brand owners looking to enter, or even exit, the Amazon marketplace. So, what do you need to know about e-commerce accounting as an Amazon seller?

In this episode of the Buy Box Experts podcast, is joined by Tyler Jefcoat, the Founder and CEO of Seller Accountant, to discuss why e-commerce brands should invest in proper accounting systems. Together, they talk about the best strategies for cash flow and SKU level management, how the COVID-19 pandemic impacted sellers without proper accounting records, and Tyler's advice to brands looking to join or exit the Amazon marketplace. Stay tuned.


Sponsor for this episode...
Buy Box Experts applies decades of e-commerce experience to successfully manage their clients’ marketplace accounts. The Buy Box account managers specialize in combining an understanding of their clients’ business fundamentals and their in-depth expertise in the Amazon Marketplace.

The team works with marketplace technicians using a system of processes, proprietary software, and extensive channel experience to ensure your Amazon presence captures the opportunity in the marketplace--not only producing greater revenue and profits but also reducing or eliminating your business’ workload.

Buy Box Experts prides itself on being one of the few agencies with an SMB (small to medium-sized business) division and an Enterprise division. Buy Box does not commingle clients among divisions as each has unique needs and requirements for proper account management.

Learn more about Buy Box Experts at http://BuyBoxExperts.com.