![]() Some people spend years studying the tax system and still can’t get it right.Įspecially when you start a new business or expand to another country, it can be difficult to understand the (new) tax environment.Īn Amazon experienced accounting service can advise you on what type of business is right for you, how to save taxes, what you can deduct, and so on. He keeps track of the hours that have been worked, calculates the payroll, and puts the accurate amounts of payroll taxes and other fiscal payments that need to be made directly aside. If you employ staff, you have to manage their payroll. That means you can hand them over a big pile of unorganized documents and they will bring everything in order and put the numbers in the bookkeeping system for you. BookkeepingĪs mentioned before, usually an Amazon accountant or accountant firm also provides Amazon bookkeeping services. Keep in mind that your accountant will not chase after you or your employees and beg them to submit their invoices.īut if you’re working with an accountant, collecting, storing (and not losing) your documents is literally all you have to do. In addition, you usually have to pay your accountant less if you provide them with pre-sorted documents, as he will have less work to do. In the end, this saves you and your account an enormous amount of time when it comes to putting the numbers in your books. In a nutshell: An Amazon accountant helps you with all complicated and time-consuming financial issues you have. They also keep an eye on your tax obligations and prepare financial statements for you. He is also able to make reliable statements about your overall financial performance.īasically, their job is to monitor the health of your business by strictly controlling profits and losses.Īn accountant can, therefore, analyze and interpret the books kept by you, your bookkeeper or your internal bookkeeping department. Simply put, an accountant is a financial expert who is there to monitor, document (if they also offer bookkeeping), and interpret your cash flows. The tasks that an Amazon accountant takes on and the skills he must have exceed those of a simple bookkeeper considerably. It is sufficient for the bookkeeper to have a flair for orderliness and accuracy so that no mistakes occur in the documentation of transactions. It is essentially the mere compilation of financial data.Īccordingly, unlike an accountant, an Amazon bookkeeper does not need any extraordinary math or analysis skills. Simple bookkeeping does not involve making calculations, preparing financial statements, or interpreting the numbers in any way. The goal is to document all financial transactions in a neat, well-structured way so that both internal and external parties (such as the tax authorities) can easily find their way around to quickly understand when, why and by whom payments were made or received. In simple terms, both incoming and outgoing invoices are gathered, sorted, and filed in an orderly manner. In general, bookkeeping is mainly concerned with identifying, categorizing, and recording transactions within your company. Let us take a closer look at both services. Thus, one could say that bookkeeping can be a part of accounting, but not the other way around. ![]() Many accountants, if not most, offer bookkeeping services alongside their accounting services.īookkeepers, on the other hand, usually offer their bookkeeping services only. What is the difference between an Amazon accountant and an Amazon bookkeeper? Many people think that these two things describe exactly the same activity, but that is not quite the case. The most common terms that are used interchangeably are accounting and bookkeeping. So before we can explain what exactly an Amazon accountant can do for you, we first need to define what an accountant actually is. What Is an Amazon Seller Accounting Service?Īccountant, bookkeeper, CPA, tax consultant, financial advisor – there are so many job titles in the universe of business finance that it is easy to lose track of who is who and who does what. ![]()
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