Top 3 must-record transactions for your bookkeeping (as an e-commerce shop owner)

Starting your own business can be a great opportunity, but it can also be daunting. That's why I'm here to help! In this video, we're discussing the basics of bookkeeping in an eCommerce business and I'm sharing some tips on how to start recording your transactions in a way that makes sense for your business. So let's get started!
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When to Worry about Taxes as a Handmade Seller: paperandspark.com/tax-workshop/
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👋 Hi! I'm Janet LeBlanc
I’m a Louisiana girl now living in South Carolina, a Certified Public Accountant, a serial-entrepreneur, and a mom of two. My passion is helping other creative women bring their entrepreneurial dreams to life with confidence. As an accountant and data nerd, I love creating tools + resources to help you achieve financial success in your biz and personal life.
Why should you listen to anything I have to say? Because I’ve been in your shoes! I started a handcrafted jewelry shop on Etsy back in 2011 as a side hustle from my accounting job. During my time in the handmade community, I heard a lot of the same frustrations and questions over and over. Concerns like, when am I supposed to register my shop? Do I have to charge sales tax to my customers? When do I claim this on my tax return? What sort of bookkeeping system am I supposed to use?!
In 2014, I finally united my love of handmade and accounting and founded Paper + Spark. In 2015, the first iteration of the Etsy Seller Spreadsheet debuted. This product completely changed the course of my entrepreneurial journey. Creating spreadsheets isn’t the sexiest or most glamorous product to design (although I like to think they’re pretty, for spreadsheets), but getting the chance to help creatives feel more confident about their money has been SO fulfilling and I am grateful to serve you today!
🌐 Visit Paper +: Spark to learn more:
paperandspark.com/
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[@shafiqurrahman4092]

I am professional accountant and wanna start book keeping so i will be thankful for giving me some useful tips 🙏

[@shafiqurrahman4092]

Hi mam , thanks for such informative video

[@krystalosmanceramics]

It was my understanding that the online marketplace is responsible for remitting sales tax to each state... is that not correct? -so we shouldnt have to track sales tax for each state? maybe thats wrong

[@paperandspark]

Marketplaces will remit and collect on your behalf yes. You still can cross a state's economic nexus threshold though and have to deal with that state's sales taxes if you are selling somewhere other than a marketplace, which is why you may still need to track your sales by location.