Amazon Management Accounting with Sergey Faldin of Sellerscale

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

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Today's Guest
Sergey is CMO of Sellerscale, which is a management accounting platform that helps amazon sellers stay on top of their financials.

 
Watch Amazon Management Accounting with Sergey Faldin of Sellerscale