In Pursuit of Profit
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Do Amazon sellers need QuickBooks? Yes!
QuickBooks gives you a look at your company’s overall financial health regardless of where you sell, making it a crucial tool for running a business of any size. Fortunately for Amazon sellers, QuickBooks has an easy integration with Amazon to import order information.
What can QuickBooks Online do for Amazon sellers exactly?
Today’s business climate requires more skills from your accountant than ever before.
In the past, small businesses would typically only employ a bookkeeper to handle their basic finances. As these businesses grew and their financial needs became more sophisticated, they would hire an accountant instead, or retain a CPA to assist with tax matters and assume that was all they needed to succeed. However, transitioning from a bookkeeper to an accountant is only the first step in bringing on the financial personnel that will help fuel your company’s growth.
Successful companies need someone that will not only manage cash flow and provide accurate forecasting and reporting, but also offer sound advice. Having an accountant that can do the job is essential but having an accountant that can act as an advisor can really give you a competitive advantage.
So, how do you know if your accountant is working for you?
Cost cutting is the benefit most often associated with outsourcing. Subsequently, business leaders looking to reduce expenses may jump at the opportunity to move costly functions to third-party vendors without regard to the numerous ways that outsourcing can be advantageous to other areas of the company. However, it is important to recognize that while cost savings may occur, this is not the only benefit of business outsourcing. In fact, cost cutting may not even be the biggest benefit.
Since March, 62% of employed Americans have worked from home, which is more than double the previous figures from earlier in 2020. Furthermore, 59% of these employees want to continue to work remotely, moving forward even after public health restrictions are lifted. This sentiment has led businesses to examine the costs of maintaining a remote workforce closely. They are asking: