GreenTarget

Our Mission:

We are on a mission to help 1,000 eCommerce sellers get their books done the eCommerce accounting way.

We believe eCommerce businesses deserve better accounting and bookkeeping.

We believe e-commerce businesses need accrual accounting, with proper treatment of Sales, Platform Fees, Cost of Goods Sold, and Inventory.

Our Purpose:

GreenTarget eCommerce Accounting exists to help Amazon and eCommerce Sellers solve the most common accounting and bookkeeping challenges / needs specific to e-commerce businesses.

The Green Target eComAcctg Method:

A Five-Step eCommerce Bookkeeping and Accounting Method designed for Amazon and eCommerce Sellers

✅Setup bank feeds, categorize, and reconcile banks and credit cards/PayPal

✅Setup A2X, sync Sales, Fees, and COGS

✅Reconcile Amazon Settlement / Commerce payouts / Deposits

✅Record Inventory Purchases, reconcile beginning and ending inventory

✅Generate Financial Reports, Review, Revise, and Finalize.

CORE eCommerce Accounting Principles:

🛒 Gross Sales and Fees need to be accounted for – not just the settlement deposit or payout deposits

🛒 The sales and fees, receivables, and pending balances, need to be reconciled against the bank deposits

🛒 Cost of Goods Sold is the Number of units sold multiplied by unit cost

🛒 Inventory purchases are to be treated as Inventory Assets – which need to be reconciled monthly or yearly with the actual inventory on hand

🛒 The chart of accounts and the Financial Reports need to be organized specifically for your eCommerce business needs – so that the reports will now make sense!

If you are interested in getting your books done the eCommerce Accounting way....contact us below:

Email: jay@greentarget.online

Website: www.greentarget.online

Upwork: https://www.upwork.com/freelancers/jayodicpa