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Accounting Services
Amazon offers an incredible opportunity for business owners to boost growth and profitability irrespective of the size of their business. This groundbreaking business model has redefined the e-commerce industry, which has millions of sellers in the global marketplace. That said, achieving business success on Amazon is not a piece of cake. And one of the major challenges faced by many sellers is an accounting and tracking cash flow in a timely and accurate fashion.
Managing the Amazon store, its daily business operations, and keeping up the pace is a time-consuming and tedious task. As a result, most companies, especially small- and medium-sized businesses, barely have any time left to manage accounting and finance efficiently. Delays and errors in bookkeeping pose significant financial and compliance risks. It is imperative to streamline accounting to ensure your Amazon business runs smoothly.
Streamlining Bookkeeping for Greater Control and Profitability
Springbord’s accounting services are designed to help you simplify complex and time-consuming accounting operations and realize the full potential of your Amazon business. Our services entail day-to-day bookkeeping, reporting, and monthly/quarterly management. Our custom accounting solutions are tailored to best suit your business-specific needs, as every business domain and industry is unique. We offer end-to-end support for comprehensive financial management and accounting of your Amazon operation. Our team of certified and experienced accountants is well aware of every accounting standard including US GAAP/IFRS/IGAAP and is adept in preparing and maintaining books even as per client-specific requirements.
Springbord understands that competition is aggressive and margins are slim, so it is crucial for sellers to stay on top of all financial data and sales metrics at all times to stay profitable. Therefore, we relentlessly focus on ensuring your books are accurate and up-to-date and that you have access to all valuable information needed to make effective, competitive, and profitable business decisions.
Springbord’s Accounting Services Portfolio
End-to-End Accounting
Payment Reconciliation
We are a one-stop-shop for every Amazon accounting requirement you have. From tracking and monitoring inventory, sales data, and cash flow and evaluating the cost of goods sold to managing sales tax compliance, we provide complete support for every fundamental accounting activity. We also reconcile Amazon payments at the order level, provide product profitability analysis, and integrate accounting systems such as QuickBooks with Amazon Seller Central. Using dedicated software solutions and specialized tools, we help sellers manage their accounting and financial data in a timely and efficient fashion.
Payment Reconciliation
Payment reconciliation plays a critical part in overall profitability; if not done correctly, you run the risk of leaving money on the table. But given the various payment terms, commission structure, return policies, fees, penalties, and other related charges, reconciliation can be challenging and complex. We help simplify this process. Using top-of-the-line software solutions along with optimized processes, we organize and categorize your payments and break down net payments after accounting for fees and deductions made by Amazon. We ensure that you have complete visibility into the payment data from Amazon so that you can eliminate faulty charges and recover every refund/reimbursement successfully. Our payment reconciliation service enhances efficiency, minimizes losses, and above all, boosts your bottom line.