012 : How I go through financial statements

In this episode we will go through the balance sheet (the heart of every business) and the income statement. We break this down into easy to understand segments so you can gain more knowledge and confidence in your business. We also address the importance of building habits in your ecommerce business. Sponsors Viral Launch – Save $50 with this link (Use coupon code: Momentum) SPECIAL OFFER FOR MY LISTENERS ONLY TWO WEEKS FREE TRIAL!!!! Gaye’s Million Dollar Arbitrage List Solutions4ecommerce Scope from Sellerlabs Tactical Arbitrage – Get an 10 day free trial with code: “Tactical” Freeeup– Save 10% (forever) and get an instant $25.00 voucher for your first hire. GoDaddy Grasshopper Amazon Accounting Podcast: Before we get into the chart of accounts we want to mention our course: AMZACCOUNTING SIMPLIFIED WE CAN HELP YOU CREATE YOUR CUSTOM ACCOUNTING SYSTEM WITH QUICKBOOKS ONLINE AND MASTER YOUR AMAZON FINANCIALS You’re overwhelmed with accounting software options and are afraid you’ll pick one that might limit you down the road. You have no idea how to adjust your Amazon deposits for gross sales, refunds, and fees. You’re confused about the difference between inventory and cost of goods sold not to mention how to track them. You’ve invested so much time reading blog posts, [...]