Have you been wondering why your Amazon 1099 doesn't match your financial statements?
In this video, Brittany will explain how to analyze your Amazon Seller Reports to show your actual net (taxable) income. This will let you report your income correctly so you can properly pay of your taxes.
0:11 – Why doesn’t my Amazon 1099 match what my accounting software says?
0:19 – You're NOT alone!
0:38 – What this video covers
0:52 – Explanation of WHY this is happening
2:22 – First step to validate the data yourself
2:36 – Why it’s a good idea to break this down by sales channel
3:08 – The differences in Cash vs. Accrual accounting
4:22 – Next step to validate the data
5:05 – How to analyze the data
5:20 – How to get a Summary Report in Amazon
5:47 – More of how to analyze the data
6:36 – How to do this for foreign markets
6:57 – Why there are huge difference between foreign currencies
8:35 – How to explain it to your accountant or an auditor
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For more related content:
- Your Amazon 1099 vs. Your Financial Statement Activity - [ Ссылка ]
- “Recording Amazon Sales in QuickBooks Online” - [ Ссылка ]
- “How to Record Amazon Sales in QBO” - [ Ссылка ]
- “Amazon Seller Bookkeeping Basics (FOR ACCURATE FINANCIALS)” - [ Ссылка ]
- “Accounting for Amazon Sellers” - [ Ссылка ]
- “Understanding Your eCommerce Cash Flow Statement” - [ Ссылка ]
#amazon1099 #QBOaccounting #ledgergurus
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