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What does everyone here use for accounting?
 

How do you account or book keep your amazon business? How do you track yearly COGS? How much do you pay?

Re: What does everyone here use for accounting?
 

You can download a sheet from your amazon account with your yearly sales.
Then you keep track of your costs and give that to your CPA.

Re: What does everyone here use for accounting?
 

True. But your going to need some sort of inventory managment in place to keep track of your COGS.

If you bought $100k of inv in 2019, your going to have to keep track of it throughout the year after sales/refunds. Amazon does not track or give you your COGS.

QB works good for Amazon to create financial statments and accept journals using the reports from Amazon but a method of tracking COGS (for someone with thousands of SKUS) needs to be found.

And giving your reports to a CPA is a bad idea. You should have a bookkeeper handling this who will use software like QB to generate P&L sheets / balance sheets who you give to a CPA. CPA's should never be used as bookkeepers.

Re: What does everyone here use for accounting?
 

I know my COGs but accounting is not black and white. Its very complicated and everyone has there own business operations. If your CPA is charging you the same rates as a bookkeeper per hour to organize your books, great. But most CPA's generally charge what, $250/hr to do tasks like this. This is what bookeepers are for.

A manual sales ledger, sounds like it works for you and you have a low volume business and in one currency, but would not work for me.