TSoares

Thiago is an Amazon Seller selling products for Moms and babies. He sell only on Amazon.com right now. He uses FBA Services and warehouses some of his products at the manufacturer in China. He works full-time night shift at Ikea and is growing his Amazon business with the hopes of leaving his job. Expense processing notes Inventory supplier "JINHUA IVY HOME TEXTILE CO LTD (USD)" - NOTES: Shipping on invoices goes to "53410 Inbound Shipping Costs", Hooded Towel boxes to asset "12810 Inventory Asset", any "Company Bonus" on their invoice is to be deducted from the shipping but entered on its own line. Prepaid accounts No Currency revaluation notes No

Platforms used Amazon.ca , Amazon .com, Amazon.mxn Integration apps A2X Inventory tracking method No Monthly COGS adjustment method Basic A2X Inventory A2X unit costs sent via A2X. COMPARISON TO QBO: Inventory method as of Jan. 1, 2025: As of Jan 1, 2025, we are opening with our Dec 31, 2024, quantities per SKU Monthly, A2X has a report that tells us how many units per SKU were sold. As every sale goes through A2X to enable the cost of goods sold journal entry, this corresponds directly with what is happening in QBO. The sold quantities will be subtracted from our beginning quantities. Monthly we will reference the QBO inventory asset account to see if we need to add any purchases. The opening quantity - sold + purchased = our closing inventory quantity to calculate the ending inventory value in USD, which we will convert to CAD using the month's end exchange rate At any point, if we need to adjust a count, you can email us, and we can make a one-time adjustment/correction At the end of your year, you can provide us with an actual count, and we will make an annual adjustment. TS Inventory Method as of Jan 1 2025 LOOM: https://www.loom.com/share/bfdbe93e224b42b19704a17ad0b982d6?sid=d2f50e6c-c203-45d1-b001-ee8e66956607 E-commerce additional tasks No