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Home > Amazing FBA > Amazon Management Accounting with Sergey Faldin of Sellerscale
Podcast: Amazing FBA
Episode:

Amazon Management Accounting with Sergey Faldin of Sellerscale
Category: Business
Duration: 00:19:58
Publish Date: 2020-05-12 00:00:53
Description: Management Accounting for Amazon Sellers Resources Mentioned today You'll Learn Management accounting cf financial accounting Why accounting does not just mean “financial accounting” What management accounting is and why you need it The limitations of Quickbooks and Xero for Amazon sellers Who the reports are actually designed for Why the delay in reporting is so critical Why Amazon sellers often struggle with numbers Why Amazon being is so easy to start can be a problem Why Amazon “is ecommerce on training wheels” Which piece of management is the least developed Why having no excel skills leaves Amazon sellers in trouble Why Paul created Sellerscale- Meditation pillow - Low pricing power Bec not differentiated - Didn’t realise until it was too late and he was out of business! - It’s cheaper to do due dil upfront - He shared the spreadsheet and got a lot of feedback Why Amazon accounting is inherently hard The issue with Amazon reports The thing you have to do with Amazon reports that's even harder The one thing you can't do easily with Amazon reports that is critical to cashflow and cash cycle  management The intrinsic e-commerce issue - especially if you're importing - that means you can't affrod to get your economics wrong. The three big issues with accounting packages like Xero and Quickbooks for Amazon  management accounting The 5 main Amazon management accounting problems Seller Scale solves Trying out Sellerscale Amazingfba.com/sellerscale As well as a 14-day free trial (No credit card needed), you can get 75% off first 2 months as a podcast listener. Just 1. Copy this Discount code: AmazingFBA752 2. Click on this link Today's Guest Sergey is CMO of Sellerscale, which is a management accounting platform that helps amazon sellers stay on top of their financials.
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