QuickBooks Amazon Sellers Monthly Periodic Inventory Adjustmnet For Gross Profit

Amazon sellers using QuickBooks desktop need to make a period inventory adjustment in order to find the cost of goods sold and gross profit from your amazon sales for the month. You must have 2 kinds of “cost of goods sold” type of accounts as well as an asset account for your inventory costs. You need the account called “purchases”, which is what you use when recording merchandise purchases, and that account also must be a “cost of goods sold” type of account. If you record all purchases this way, then a simply adjusting journal entry is required at the end of each month and you will have your cost of goods sold and gross profit displayed in the way that is shown in this video. This is the way to use the periodic inventory system for an amazon seller central store. This is an inventory adjustment that you learn about when studying alternative accounting methods.

This YouTube QuickBooks online amazon playlist will give QuickBooks Online help to all amazon sellers using the amazon online platform to purchase, ship and receive merchandise with an amazon online seller account. QuickBooks really is the best online software for an amazon online e-store using amazon seller central for your e-commerce online selling platform. Your monthly amazon bookkeeping will be a breeze if you repeat each of these procedures in this entire amazon online playlist. This playlist course has everything anyone could need for bookkeeping procedures as an e-commerce amazon professional seller. Your QuickBooks online reports will accurately reflect the amazon sales and associated amazon fees and display for you your profit and loss form your amazon central seller store. All amazon bi-monthly statements and amazon bi-monthly deposits should be recorded so you can properly calculate your cost of goods sold, gross profit and net income every month. Your Amazon merchandise inventory will be managed perfectly and each payout from Amazon will simply and smoothly be recorded so you can see exactly where your money from amazon sales going.

Here is the link to the whole playlist with every topic

QuickBooks Online Amazon Seller Centr...


Here is a link to the Amazon QuickBooks Desktop course

QuickBooks For Amazon Set Up Merchant...




This video is also part of the main QuickBooks Online inventory playlist..

QuickBooks Online Merchnadise Invento...

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