Many people are trying their hand at selling on Amazon which is awesome, but Amazon bookkeeping can be a little bit tricky. In this video I'm going to show you how to do your Amazon bookkeeping in QuickBooks Online without an app or integration. This method is fast, easy, and accurate. It's recommended for the Amazon seller that is ready to invest in QuickBooks Online, but is still a small business, not a huge business.

Here are resources and other information. Some links are affiliate links.

I'm using QuickBooks Online Simple Start: https://www.smallbusinesssarah.com/qu...

Watch this video first to upload your Chart of Accounts:    • Bookkeeping Chart of Account (Categor...  

Or download the Amazon Chart of Accounts when you sign up for my newsletter: https://www.SmallBusinessSarah.com/aca

Other videos in this series:
How to do the rest of your Amazon Business Bookkeeping:    • Amazon Bookkeeping Tutorial: Record y...  
How to do Amazon Canada or Mexico Bookkeeping:    • How to do Bookkeeping for Amazon Cana...  

Not ready for QuickBooks Online? My Amazon Bookkeeping Spreadsheet might be a good fit for you: https://tidd.ly/3GNxPzj

Tie to your 1099 at year end:    • Amazon Sellers, Received an Amazon 10...  

Chapters in this video:
0:00 My Amazon Bookkeeping method for small business owners
1:15 Newbie Sellers - Try my Amazon Bookkeeping Spreadsheet
1:50 More Established Amazon Business - This video is for you
2:50 Really Big Amazon Seller - this is not for you
3:54 Let's get started on the tutorial
5:00 I have other videos on the rest of bookkeeping and Amazon Canada & Mexico
5:30 Check out my Chart of Accounts Video
6:25 Where to Find Amazon Summary Report
7:55 What we Break Out From the Amazon Summary Report
9:15 Ready to tie out to Amazon 1099 at year-end
11:11 If Amazon Charges your Bank Account
12:10 Monthly Journal Entry of Revenue
16:30 Monthly Expenses in Journal Entry
18:00 Balance in Journal Entry goes to Amazon Holding
20:00 How it All Works Together
23:10 Run your Financial Reports

This video is for informational purposes only and does not constitute tax or accounting advice.