How to Read and Analyze Your eCommerce Income Statement

[@geraldp.2281]

Amazing videos.

[@natedonovan3030]

"Ballers manage net income" lol this video was like EXACTLY what I needed. I had LedgerGuru setup our QB last week & am now going through all of your guys KZbin content. So so so good... can't wait to hire y'all as our book keepers one day :)

[@LedgerGurus]

Yay! So glad! We are excited to work with you also in the future!

[@Michael-te6tb]

This is amazing information. Thank you

[@muhammadtariqkhan6467]

Great teacher . showing the difference b/w conventional Accounting and e-commerce Accounting

[@LedgerGurus]

Thank you.

[@LedgerGurus]

Please comment with your questions. For *help with your eCommerce accounting* , view our services here: ledgergurus.com/services/

[@jackturner5736]

Great Video. Just wondered where your actual product cost are against sales. I like to add run a report for items sold and calculate the cost of those goods, then add this in as a stock expense entry, to give a true profit for the month.

[@LedgerGurus]

We usually maintain a separate cost product catelogue outside of QBO.

[@jakesilverstein1]

Your videos are excellent. You're a great teacher. Can you create a video on %'s to target for the e-commerce specific KPI's. I recognize this is subjective to an extent and the ambition of the business owner plays a key part, but maybe there are specific numbers an acquirer would look for when considering whether the business is successful and worthy of investment.

[@LedgerGurus]

Jake, great suggestion. We cover some important ecommerce KPI's in the end of this PDF download on Preparing Early for an Ecommerce Exit: ledgergurus.com/resources/downloads-2/preparing-early-for-an-ecommerce-exit-a-checklist-of-what-to-do-now/ We also have it on our content schedule to dive in deeper on ecommerce KPI's in some videos

[@jakesilverstein1]

@@LedgerGurus Awesome!

[@joeanntorricer835]

♥️💯💕💜✅

[@mariabenjumea8403]

Hi, do you recommend to record our sales on Amazon by product type?

[@LedgerGurus]

That creates an awful lot of extra work, so only if there's value to you by doing it that way.