EP 28 - Jeremiah Kovacs - 3 Phases of Book Keeping and 3 Ways to Approach Sales Tax

The magic of accounting is all about taking data and turning it into valuable information.

On today’s Awesomers Authority episode, Steve Simonson introduces us to Jeremiah Kovacs, Founder of MuseMinded. He and his team have worked with hundreds of Amazon Marketplace sellers to automate and outsource their financial systems. Here are some key points on today’s episode:

What MuseMinded is and how it helps Amazon marketplace sellers.

The three phases of bookkeeping - data capture, data categorization and data presentation.

The importance of having a solid financial system.

And the three ways to approach sales tax and more.

So subscribe to the Awesomers podcast and learn more about having an efficient and scalable accounting system.

Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey.

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1:16 (Steve introduces today’s guest, Jeremiah Kovacs, Founder of MuseMinded.)

Steve: You're listening to the Awesomers.com podcast and this is episode number 28. So all you have to do is go to Awesomers.com/28 to see all the show notes and details that's Awesomers.com/28. Now today my special guest is Jeremiah Kovacs who's the Founder of MuseMinded. Jeremiah is a really good example of somebody who is kind of born out of this Amazon related ecosystem because his firm specializes a hundred percent in accounting for Amazon centric firms since 2014. He and his team have worked with hundreds of Amazon Marketplace sellers to automate and outsource their financial systems helping them leverage their own time and energy to 10x their business and build towards successful seven-figure exits by leveraging the things that they're instead of the things that maybe we don't like to do. And we've talked in today's episode about just exactly how people treat finance often as an afterthought. We talked about the idea that it's a core function that needs to be done in your business to to do scorekeeping. Yet so many of us procrastinate it or try to do it in the worst way possible either ourselves god forbid or we hire resources that aren't really specialized, don't really understand. And today I think we're gonna have a great conversation about how we can solve that particular problem. Okay Awesomers. Welcome back here we are again today Steve Simonson, I'm your host and today we're talking with Jeremiah Kovacs. How are you Jeremiah?

Jeremiah: I'm doing great. I'm doing really great, Steve.

Steve: Good. Did I pronounce your last name right?

Jeremiah: Yes, it's phonetic Kovacs.

Steve: Okay good because I've got a history of mispronouncing names and I like to just come clean when I mess it up. So luckily you've got