#101: Accounting for Amazon Ecommerce Sellers

w/ Lil roberts

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About This Episode

Do you know your numbers? Lil Roberts is here to help on a very special episode of Lunch with Norm. Xendoo CEO and Founder Lil Roberts is going to share some general Amazon accounting best practices. In this episode, Lil dives deep into accounting for Amazon & eCommerce Sellers. Don’t worry!
 
Lil makes it easy to understand and entertaining! This episode is perfect for any ecommerce seller looking to get ahead of their dreaded taxes and accounting. Xendoo is a cloud-based fintech company based in Fort Lauderdale. Recent Xendoo accolades include 1st place grant for Village Capital’s Finance Forward, 2019 finalist for Revolution’s Rise of the Rest, and 2018 Startup Showcase finalist for eMerge Americas. 

About The Guests

Lillian Roberts is a serial entrepreneur with a passion for small business. After a successful exit from the manufacturing industry, Lillian serves as CEO and Founder of Xendoo, a cloud-based fintech company based in Fort Lauderdale.
Xendoo specializes in online accounting and leverages technology to increase the productivity of traditional methods by 500%.
Recent Xendoo accolades include 1st place grant for Village Capital’s Finance Forward, 2019 finalist for Revolution’s Rise of the Rest, and 2018 Startup Showcase finalist for eMerge Americas.
A lifelong learner, she fosters a professional working environment where
people have the opportunity to continuously grow and develop.

Episode: 101

Title: Norman Farrar Introduces Lil Roberts, a Serial Entrepreneur and Founder and CEO of Xendoo.

Subtitle: “Don’t Do Things That You Don’t Have To Do.” 

Final Show Link: https://lunchwithnorm.com/episodes/episode-101-accounting-for-amazon-ecommerce-sellers-w-lil-roberts/

 

In this episode of Lunch With Norm…, Norman Farrar introduces  Lil Roberts, a Serial Entrepreneur and Founder and CEO of Xendoo. 

 

Lil is a serial entrepreneur with a passion for people, animals and business. In this episode, she dives deep into accounting for Amazon & eCommerce Sellers.

 

If you are a new listener to Lunch With Norm… we would love to hear from you. Please visit our Facebook Page and join in on episode discussion or simply let us know what you think of the episode!

 

In this episode, we discuss:

  • 4:38 : eCommerce Accounting
  • 6:01 : Tips On How To Be Organized in Accounting
  • 8:47 : Importance Of An LLC Report
  • 14:53 : The Importance of Syncing Bookkeeping And Accounting
  • 19:26 : What is Proper Bookkeeping and Accounting?
  • 25:18 : Four Things Sellers Need To Know
  • 26:23 : The Difference Between eCommerce and Traditional Accounting
  • 29:51 : How Much Should You Pay Yourself?
  • 36:58 : Keeping Your Personal and Business Credit Card Separate
  • 49:59 : Tax Returns Due
  • 54:05 : Lil’s Q& A 

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