Understanding Inventory and Cost of Goods Sold (COGS) for Amazon Sellers

Accounting for inventory and cost of goods sold (COGS) for Amazon sellers is not straightforward. But getting it right is so important to having accurate profit margins that help you make better business decisions as an ecommerce business. In this video, we take you through the rookie mistake we often see Amazon sellers make when accounting for inventory and COGS. Then we show you how to get it right. ◾◾◾◾◾◾◾ 🔥 If you need help with your Amazon accounting, contact us here: https://ledgergurus.com/ecommerce-accounting-services/amazon-accounting-services/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers ◾◾◾◾◾◾◾ ⬇️ MORE STUFF YOU SHOULD CHECK OUT ⬇️ ** INVENTORY & COGS PLAYLIST: ** https://www.youtube.com/playlist?list=PL8z_d3aPaZE-n25ANPG09V08UwrpiDB8E ** BLOG: Accounting for Amazon Sellers ** https://ledgergurus.com/accounting-for-amazon-sellers/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers ** BLOG: Cost of Goods Sold – A key Number for Ecommerce Businesses ** https://ledgergurus.com/cost-of-goods-sold-key-for-ecommerce/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers ** DOWNLOAD: Five Signs of Bookkeeping Trouble with an Ecommerce Business ** https://ledgergurus.com/portfolio/five-signs-of-bookkeeping-trouble-with-an-ecommerce-business-2/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers ** BLOG: Why the A2X Accounting app can be an Amazon Seller’s Best Friend ** https://ledgergurus.com/why-the-a2x-accounting-app-can-be-an-amazon-sellers-best-friend/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers ** VIDEO: Create a Product Cost (COGS) Formula | A Step-by-Step Guide ** https://youtu.be/EZyK_O4GOh8 ◾◾◾◾◾◾◾ 🧑‍💻 EMPLOYMENT OPPORTUNITIES: We are always looking for awesome CPAs, accountants, and bookkeepers to join our team. If you're interested in working for LedgerGurus, check out our careers page: https://ledgergurus.breezy.hr/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers ◾◾◾◾◾◾ 👋 SAY HI ON SOCIAL: Website: https://ledgergurus.com/?utm_source=youtube&utm_medium=referral&utm_campaign=inv-cogs-amz-sellers Facebook: https://www.facebook.com/LedgerGurus Twitter: https://twitter.com/LedgerGurus LinkedIn: https://www.linkedin.com/company/ledg... Instagram: https://www.instagram.com/ledgergurus/ https://youtu.be/cvS5fPHUVJg #amazonaccounting #inventoryandcogs #ledgergurus