Tom Wang's video: 5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping SAVE THOUSANDS

In this video you'll learn 5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping and what solutions are available for them. Watch until the end for BONUSES! The owner of CapForge Accounting will be in a call with me to answer some basic and at the same time important questions. Link for FREE consultation: https://capforge.com/tom --- Timestamps: 0:00 Why bookkeeping important for your Amazon FBA business 0:21 What Tom uses to keep his books clean 0:48 Why you should implement these 5 things 1:22 Who is Tom Wang? 1:44 Introduction of the CapForge Accounting owner 3:43 Types of mistakes people do in bookkeeping 4:44 Presentation summary 5:10 What CapForge does 5:26 Not having proper bookkeeping 7:46 What bookkeeping is 9:06 Bookkeeping software 10:53 What is A2X and what is the problem with it? 12:20 Cash vs. Accrual 17:38 How to check if accrual is right 18:32 LLC vs. S Corp 21:11 Not tracking profit by SKU 22:33 Example of SKU tracking 24:50 Enterprise value 27:58 Tips on how to avoid hurting enterprise value 29:05 Bonuses! 30:45 Contact information 31:49 How to pull information from Amazon 35:02 Cost of services 35:57 Recommendations from Tom --- Who is Tom Wang? Hi I’m Tom Wang. Just a few years ago, I was a pretty normal guy who worked at a sales job. But I felt stuck. I’m from a Chinese immigrant family, so taking care of my parents financially was always a big important motivator for me. The problem is I knew I wouldn’t make enough at any job to do this. So I looked to start an online business. After 10 months of starting on Amazon, I was ready to throw in the towel. I sat my girlfriend down to let her know I was going to quit - like I did with so many of my other side hustles. But she didn’t let me. She reminded me - just one successful product on Amazon would change our lives - and she was right. We launched our 3rd product that’s the one that finally took off. Since then I’ve made over $6M+ in sales, I’ve traveled the world and I live my dream life. The purpose of this channel is to document my journey, and to help the people who were like me back in the day. I talk about Amazon strategies. Tips on being an entrepreneur. Life hacks I find out about. And more. Wherever you are on your journey, I hope to help you move closer to your dreams and to help those you care about too. 🔔 SUBSCRIBE 👉 http://bit.ly/YouTubeTomWang 👈 FOLLOW ME ON INSTAGRAM https://www.instagram.com/tomdotcom.ig Email: hello@tomwang.io Podcast: http://bit.ly/tomwangshow JOIN MY FBA MASTERCLASS https://masterfba.com/video 5 Mistakes Amazon FBA Sellers Make When Doing Bookkeeping [SAVE THOUSANDS!] https://youtu.be/3zoll_BMHqs https://youtu.be/3zoll_BMHqs