#327-E-commerce Accounting Demystified: Expert Advice with Amanda Adams

In this podcast episode, our guest Amanda Adams, expert accountant and expert in e-commerce accounting, discussed the commonly misunderstood and often overlooked aspects of accounting in the e-commerce industry. She breaks down the key accounting concepts and provides helpful tips for e-commerce business owners to streamline their financial processes.   Amanda begins by explaining the importance of separating personal and business expenses, emphasizing that accuracy and organization are crucial for successful e-commerce accounting. She highlights the significance of properly categorizing expenses in order to make tax preparation and financial analysis easier.   Amanda sheds light on the aspects of e-commerce accounting that are often misunderstood like legitimate business expenses vs personal. Her expertise and guidance provide valuable insights that can help e-commerce business owners optimize their accounting processes, ensuring financial success and compliance in a rapidly growing online marketplace. In This Episode: [01:25] Bio [04:10] Biggest mistakes sellers make. [06:30] Business and personal expenses. [09:50] Paying taxes. [13:10] Hiring professional. [16:15] Self- filling. [23:25] Planning your tax.   Guest Links and References: LinkedIn: https://www.linkedin.com/in/am....anda-adams-cpa-a3817   Guest Notes: https://docs.google.com/docume....nt/d/1UX8i_sh4Ja4sI6 https://docs.google.com/docume....nt/d/1wz07HHNwQBlp_V   Book Reference: The Hiding Place by Corrie Ten Boom