Comments on: E250: Know Your Numbers

By: Dave Bryant

Dave Bryant — Mon, 10 Jun 2019 23:38:10 +0000

In reply to Sharon. We're doing a Secret Sauce webinar this week for this :)

By: Sharon

Sharon — Fri, 31 May 2019 04:10:57 +0000

Hi Mike,

Thanks for bringing this out.

Is there a specific resource for ecommerce accounting within Ecomcrew Premium or anything else you offer/know of?

Thank you kindly,
Sharon

By: Dave Bryant

Dave Bryant — Fri, 24 May 2019 21:17:03 +0000

In reply to Tye Galloway. Mike's still on Quickbooks (as are we).

By: Dave Bryant

Dave Bryant — Fri, 24 May 2019 17:03:35 +0000

In reply to Kelly. Hi Kelly, I'm not familiar with it. Mike, last time I checked does everything in Quickbooks and IMO you should definitely be in Quickbooks, Xero, or other major accounting software. Inventory labs appears to be an inventory/order management tool which is a supplement to your accounting software, not a replacement.

By: Dave Bryant

Dave Bryant — Fri, 24 May 2019 17:00:15 +0000

In reply to Joel Bendayan. Excel :) I think there's always going to be some bastardization needed in Excel. Every company big and small has to do it to some degree. Pick a few important KPIs and track those however you need to. As far as I know, the closest thing to an all-encompassing picture would be netsuite. I haven't heard of fully accountable but they look interesting.

By: Dave Bryant

Dave Bryant — Fri, 24 May 2019 16:54:51 +0000

In reply to Oren.

I *think* it may be this episode: https://www.ecomcrew.com/e203-stress-and-loneliness-in-ecommerce-an-interview-with-dr-sherry-walling/

By: Kelly

Kelly — Thu, 23 May 2019 11:50:33 +0000

Thanks for this episode (and all others) Mike. Very important topic. I have been selling for 14 months and currently on track or about for 500K 2019 … I have been using Inventory Lab since day 1 and 99.9% of my sales are amazon FBA… My question, are you familiar with Inventory Lab ? Do you think it does a good job of giving a clear picture of my numbers, reconciling and creating the P&L? Should I continue to use IL or should I consider adding a booking keeper and upgrading to a complete accounting package ?

By: Joel Bendayan

Joel Bendayan — Thu, 23 May 2019 00:53:50 +0000

Mike,
I like your podcasts lot! One of the biggest trouble that we have is with our accounting, the systems don’t integrate properly, similar to your issue with skubana! This doesn’t allow us to make the best decisions. Do you have any software recomendations for this? Maybe outsource the accounting? Have your heard of fully accountable? We really struggle with accounting due to the number of transactions that we have and the systems integration.

By: Tye Galloway

Tye Galloway — Tue, 21 May 2019 06:00:58 +0000

Hi!
I was wondering what accounting platform you have moved to?
Cheers,
Tye

By: Oren

Oren — Mon, 20 May 2019 18:34:30 +0000

Speaking of knowing your numbers what Episode did you or a guest mention the concept of “Optimal Distinct” ? I’ve scoured your website and also did a few Google searches and can’t find it