I remember the first time I heard a Tony Robbins tape back in the nineties. I was hooked! I went on to purchase almost all of his products shortly thereafter and couldn’t get enough.
But the most profound thing that stuck with me was this quote that he shared from Gandhi:
“Your beliefs become your thoughts. Your thoughts become your words. Your words become your actions. Your actions become your habits. Your habits become your values. Your values become your destiny.”
That’s powerful stuff! And I’ve have done my best to stick to this over the years. I never engage in negative self-talk. And I’m constantly monitoring my habits and the words that I use.
Recently in our Facebook group, there was some mild panic from a few members based on the fact that US Customs had decided not to allow packages under $800 to ship over the border duty-free if they were going to Amazon FBA. This didn’t phase me at all and would have had almost zero effect on my FBA business. And sure enough, just a couple of days later, the US customs reversed their decision and all was right again with the world.
The point is, I don’t panic over changes. I anticipate and plan for them.
I stay organized and try to have plan B, C and D in place too. I teach multiple strategies in my Seller Academy for this.
Bookkeeping is an important part of running any business. And so many Amazon sellers don’t know where to start. They think they need to hire a specialized accountant to do their taxes for them. And even pay thousands of dollars for advice.
Please don’t do that!
Instead, enroll in my Quickbooks Online for Canadian Amazon sellers course. It’s the only Canadian bookkeeping course designed specifically for Amazon sellers in existence! It took me months to create and I had my accountant guide me through it and approve.
I teach you CPA approved methods to easily track your Amazon business using Quickbooks Online. It’ll take just minutes a day of your time (vs hours trying to find receipts).
- How to track inventory (Cost of Goods Sold)
- Track every expense
- See at an instant your profits/losses
- Convert USD to CAD and vice versa
- Safely store your digital receipts in the cloud
- Add an accountant so they can review your bookkeeping at year end
- File GST/HST reports
- Keep track of GST/HST
- Automatically input all Amazon FBA transactions using third-party plugins (a huge time saver for larger sellers)
- And much more.
- Equally applicable for sole proprietors and corporations
The best part of having your bookkeeping in order is the peace of mind knowing that if you were ever audited, you’d have everything easily accessible and recorded to CRA standards.
Good bookkeeping is a practice I highly encourage all Amazon sellers to practice. As we wind down 2019, now is the best time to get a handle on things and tidy up your system in preparation for tax time.
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