Great video Janson. Thanks for this. I've watched literally hundreds of videos over the last two months from lots of different amazon fba sellers and I think you are the only one I've seen go into detail on the expenses and book keeping side of things.
Great video Janson! This topic is something a lot of sellers overlook and end up wishing they got it right from the get go. Glad to see you're promoting these best practices!
As an Amazon seller I can vouch for Xero and Link My books. Worth every penny, took away all my stress. Great video, wish I had seen it prior to finding Link my books
if i boughted from a supplier using my personal bann acc and not business acc is it allowed .? ltd company 2 directors , can i add them in the expenses tracker if not from the business acc.?
Hi Janson Just catching up on your content Wish I saw this a year ago I have been using A2X for the last six months and as you know it’s very expensive I want to switch to link my books but not sure how the two will overlap in Quickbooks and effect my VAT calculations Any feedback would be great 👍
@Jason How do you manage your inventory ? Linkmybooks can not handle the inventory . and they can not integrate with Xero's Tracked inventory . So even you use Linkmybooks to pull the data to xero (value wise ) , you still need to find a way to track your inventory using a 3rd software . ?
You only need inventory balance every quarter / once per year, so you can just manually check it. I think LMB are bringing in inventory integration last time I spoke to them
Really useful info, thank you Does anyone know how to add a value to an item in a drop list? I know how to do drop lists, it’s just at 4:15 and 4:46 the top left adds the amount to the correct summary cost label? I need an Excel expert :/
Hi thanks so much for all the information. I've been checking UK accounting costs and I'm really astounded by the high prices for a small business. I am talking annual costs in an excess of $4, 000 GBP. Are those expected prices for a start-up business?
Lee Pritchard hi mate you can create another tab and record it there. However if you're already selling I'd advise getting Xero & linkmybooks as you'll need to get them anyway
Hi Jason, great video. As this is now over 18 months old all the prices for Link My Books have changed and I can't seem to get the discount, is this still working? Have you done a more recent one? Cheers
Hi janson, great video always, how much do you pay roughly for the accountant every year ? Do the accountant charge more if we do not use xero or other bookkeeping software?
@jason smith what are your thoughts about Flat rate VAT for Amazon sellers ? (Not as a tax advice just like to to hear your opinion about it ) Thank you mate
Janson I don't suppose there's a video explaining what jobs need doing in order of sequence? I've just started following you since I started watching Jonny. Wish you all the best and good look with your brand. Thanks again.
Anthony Bolton hi mate, I haven't but one tip for you is to look at the layout of an Amazon FBA course videos, they're usually in the right order. If you go here and look at the videos you'll get an idea of what order to do things in amazon-fba-smashers.teachable.com/p/the-amazon-fba-smashers-course
Thanks for such a rapid response Janson I'm trying to absorb as much info as possible before I go ahead and purchase a course. I'm so excited about the future and listening to your success story is an inspiration. I've never put anything less than 100% into anything I've done, so I've got high expectations for the future. Thanks again mate. 👍
Hi pal fantastic video! seen you on jonny B channel so just checking your channel out! Is linkmybooks similar to fetcher as in terms of the data it pulls from amazon and how it can give you a overview of sales ?
@@JansonSmith Great, thank you. I can't see a space for a code but maybe you need to sign up then get a chance to enter it :) Thank you for the super fast reply!
when you made review about johnny bradley FBA course and said it wasn't necessary, they why should we buy your course. if you all the info is on youtube like you said. i'm just curious
james watts mentorship is the main thing for me mate, and saving time. You can absolutely do Amazon FBA without doing a course, but it'll take longer to learn the ropes, you may miss some key info out if just doing it by yotuube, and you may make mistakes if you don't have someone to guide you. Those are the main areas I'd say! I don't regret buying Jonny's course one bit, even if I could have done it by myself.
@@JansonSmith i totally understand what you mean mate, im nit trying to cheeky here but a lot FBA are selling the course. how is your course any better than others? and £500 price bit high for a student like me if i do purchase can you guarantee the results. thanks
james watts I understand completely mate - I was in the same situation as you a year ago. Well it's up for you to decide whether it's worth it, I justify the price by the fact that I include jungle scout, my own developed tools, over 8 hours of tutorial videos and me as your mentor. A lot of courses out there don't include a mentor, and some of the ones that do it's debatable whether the mentor sells online. I'm very transparent and I promise that all of my students will have my support and guidance. It's impossible and also a bit silly for me to guarantee a students success, because it's down to their determination, business acumen etc. What I can guarantee is that if you have questions or are unsure of things, you'll have me to help, putting you in a better position than if you had nobody at all. Hope that helps mate, feel free to email me any questions you have!
Hi Janson. thank you for your videos, I just started a free trial with Link My Books . is that enough or I'd need to have a subscription with Xero Accounting Software too?
Hi Janson, great video, thanks. I couldn’t find the excel sheet you mentioned though! Can you also please share contact info of your accountant ... I am a non Uk resident and in search for one. Appreciate your help
Hello! I'm a commerce graduate and I have done some accounting in college. I'm pretty organized with receipts and expenses but I'm having 2nd doubts with my current accountant (expensive, little help and they told me to register a LTD company right away) though I'm only earning less than 500 pounds in less than three months because I just started Amazon FBA . They told me to use their links for linkmybooks and xero but I think I can do this on my own now that I'm registered as a LTD company. Do you think this is a wise move to just study and DIY and just hire an accountant in the future if I'm earning a bit more?
As a LTD do we have to show an inventory of each item sold? So include price paid, price sold, amazon fee paid etc for each item? Or can I have gross pay from amazon after fees, then an expenses sheet separate (not including amazon fees) - so profit can be amazon payment minus expenses?
Ganeshan Jeganthan just go into reports, then payments, then all transactions and you can download monthly summaries. It’s pretty difficult / time consuming to do manually. For £10 a month I’d just go with LinkMyBooks ! #passiveincome
@@JansonSmith thanks, £10 is a very competitive for one seller account, but one of my cleint has more that 5 seller accounts, so charges are slightly high, still not a bad shout , thanks
As I am testing the water as so to speak would you recommend just using the spreadsheet for now? I do want to go Ltd once I see regular sales and will go down the Xero and link my books route :) Thanks for another great video as well
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I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Great video Janson. Thanks for this. I've watched literally hundreds of videos over the last two months from lots of different amazon fba sellers and I think you are the only one I've seen go into detail on the expenses and book keeping side of things.
Great video Janson! This topic is something a lot of sellers overlook and end up wishing they got it right from the get go. Glad to see you're promoting these best practices!
Link My Books thanks, glad I examined it right lol
As an Amazon seller I can vouch for Xero and Link My books. Worth every penny, took away all my stress. Great video, wish I had seen it prior to finding Link my books
Hi! With xero I can to myself the vatReturn?
Thank you for the accounting video it is helping me!
You are a life saver! Thanks.. I have been looking for this kind of information for months..
if i boughted from a supplier using my personal bann acc and not business acc is it allowed .? ltd company 2 directors , can i add them in the expenses tracker if not from the business acc.?
Hi Janson
Just catching up on your content
Wish I saw this a year ago
I have been using A2X for the last six months and as you know it’s very expensive
I want to switch to link my books but not sure how the two will overlap in Quickbooks and effect my VAT calculations
Any feedback would be great 👍
thank this video is very useful and easy explained
Smashed it with this one. Thanks!
Sooo happy I stumbled across this! Thank you!
Great video, wondering if you could make a video help with vat tax mapping for UK please. Thanks a lot
Do we also need to do a spreadsheet for the profits from each sale?
is this only for UK sellers ? I am from France
where is the link for the excel file?
This is a one of a kind video mate
Thanks for your support!
Hi Janson, Thanks fo rthe video. Could you please send me the link to the excel spread sheet? Thank you.
Shibu Philip www.bit.ly/freefbatools
@Jason How do you manage your inventory ? Linkmybooks can not handle the inventory . and they can not integrate with Xero's Tracked inventory . So even you use Linkmybooks to pull the data to xero (value wise ) , you still need to find a way to track your inventory using a 3rd software . ?
You only need inventory balance every quarter / once per year, so you can just manually check it. I think LMB are bringing in inventory integration last time I spoke to them
@@JansonSmith LMB Still don't have this covered . It's a pitty . Thanks for your reply and advice though .
So so gooood!!! Thanks Janson!!
bod zaman thanks dude!
Top content Janson. Thank you
Tubby Tuber thanks! 👍🏻
Really useful info, thank you
Does anyone know how to add a value to an item in a drop list? I know how to do drop lists, it’s just at 4:15 and 4:46 the top left adds the amount to the correct summary cost label? I need an Excel expert :/
Well I’m always going to love an amazon accounting video 👍🏻 both xero and link my books look fab.
sarahv1cky 🤓🤓
I just used your affiliate link. Thanks mate. Good Content!
Hi thanks so much for all the information.
I've been checking UK accounting costs and I'm really astounded by the high prices for a small business.
I am talking annual costs in an excess of $4, 000 GBP.
Are those expected prices for a start-up business?
Hi Janson, this sheet is so helpful so thanks for doing this for us but is there anyway to put what money is coming in to see the total.
Lee Pritchard hi mate you can create another tab and record it there. However if you're already selling I'd advise getting Xero & linkmybooks as you'll need to get them anyway
@@JansonSmith ok mate thanks
Hi Jason, great video. As this is now over 18 months old all the prices for Link My Books have changed and I can't seem to get the discount, is this still working? Have you done a more recent one? Cheers
Hey, if you use the code JANSON30 at checkout it should apply
Hi janson, great video always, how much do you pay roughly for the accountant every year ? Do the accountant charge more if we do not use xero or other bookkeeping software?
Hi Janson, I'm about a year in with no book keeping, can these back date all my transactions so that I can get up to date?
@jason smith what are your thoughts about Flat rate VAT for Amazon sellers ? (Not as a tax advice just like to to hear your opinion about it ) Thank you mate
I think makes less sense in retail as you can’t reclaim any vat on purchases and fees in that case
@@JansonSmith Hi, you can't claim VAT on Amazon fees anyway as they are reverse charged unless I am missing something.
Merada Merada it has the same effect as claiming 👍🏻
What about HMRC?
Janson I don't suppose there's a video explaining what jobs need doing in order of sequence?
I've just started following you since I started watching Jonny. Wish you all the best and good look with your brand.
Thanks again.
Anthony Bolton hi mate, I haven't but one tip for you is to look at the layout of an Amazon FBA course videos, they're usually in the right order. If you go here and look at the videos you'll get an idea of what order to do things in
amazon-fba-smashers.teachable.com/p/the-amazon-fba-smashers-course
Thanks for such a rapid response Janson I'm trying to absorb as much info as possible before I go ahead and purchase a course.
I'm so excited about the future and listening to your success story is an inspiration.
I've never put anything less than 100% into anything I've done, so I've got high expectations for the future.
Thanks again mate. 👍
Anthony Bolton no worries mate, good luck !
Is there any specific order in which to sign up for first? Xero, then sign up for Link my books? Or Link my Books followed by Xero?
SJames10 xero first :-)
Hi Janson, I filled out the form to get the expenses tracker, and nothing arrived in my mailbox so far. Is it still available? Thanks
TheRemikarlos yes check your junk folder 👍🏻
@@JansonSmith Got it Thanks! In my spams among the p*nis enlargers and some other 'interesting' promotional items......oh boy!
TheRemikarlos ha, it's where I belong
Hi pal fantastic video! seen you on jonny B channel so just checking your channel out! Is linkmybooks similar to fetcher as in terms of the data it pulls from amazon and how it can give you a overview of sales ?
Great video, thank you Janson. I'm trying to use your LMB 30% discount however, it comes up as full price on the website. Any ideas? :) Thanks.
Simon Wiseman hey, JANSON30 Code should do it
@@JansonSmith Great, thank you. I can't see a space for a code but maybe you need to sign up then get a chance to enter it :)
Thank you for the super fast reply!
Thanks you! Worked a treat :)
when you made review about johnny bradley FBA course and said it wasn't necessary, they why should we buy your course. if you all the info is on youtube like you said. i'm just curious
james watts mentorship is the main thing for me mate, and saving time. You can absolutely do Amazon FBA without doing a course, but it'll take longer to learn the ropes, you may miss some key info out if just doing it by yotuube, and you may make mistakes if you don't have someone to guide you. Those are the main areas I'd say! I don't regret buying Jonny's course one bit, even if I could have done it by myself.
@@JansonSmith i totally understand what you mean mate, im nit trying to cheeky here but a lot FBA are selling the course. how is your course any better than others? and £500 price bit high for a student like me if i do purchase can you guarantee the results. thanks
james watts I understand completely mate - I was in the same situation as you a year ago. Well it's up for you to decide whether it's worth it, I justify the price by the fact that I include jungle scout, my own developed tools, over 8 hours of tutorial videos and me as your mentor. A lot of courses out there don't include a mentor, and some of the ones that do it's debatable whether the mentor sells online. I'm very transparent and I promise that all of my students will have my support and guidance. It's impossible and also a bit silly for me to guarantee a students success, because it's down to their determination, business acumen etc. What I can guarantee is that if you have questions or are unsure of things, you'll have me to help, putting you in a better position than if you had nobody at all. Hope that helps mate, feel free to email me any questions you have!
Hi Janson. thank you for your videos, I just started a free trial with Link My Books . is that enough or I'd need to have a subscription with Xero Accounting Software too?
Emad Ayoub hi mate. Yes you will need Xero as well - link my books gets the sales data from Amazon and then sends it to Xero for you!
@@JansonSmith Thank you
Hi Janson, great video, thanks. I couldn’t find the excel sheet you mentioned though! Can you also please share contact info of your accountant ... I am a non Uk resident and in search for one. Appreciate your help
Sinanand Marwa it’s in the description of the video :-)
Hello! I'm a commerce graduate and I have done some accounting in college. I'm pretty organized with receipts and expenses but I'm having 2nd doubts with my current accountant (expensive, little help and they told me to register a LTD company right away) though I'm only earning less than 500 pounds in less than three months because I just started Amazon FBA . They told me to use their links for linkmybooks and xero but I think I can do this on my own now that I'm registered as a LTD company. Do you think this is a wise move to just study and DIY and just hire an accountant in the future if I'm earning a bit more?
I'd say leave it to the ones who are into bookkeeping so as not to mess your books.
I shall now refer to you as the great numbers wizard 🧙♂️
Ella Stephen I’m happy with that title
Link My Books link with discount - www.bit.ly/linkmybooks
To download the expense tracker: www.bit.ly/freefbatools
As a LTD do we have to show an inventory of each item sold? So include price paid, price sold, amazon fee paid etc for each item? Or can I have gross pay from amazon after fees, then an expenses sheet separate (not including amazon fees) - so profit can be amazon payment minus expenses?
?? Any advice would be awesome
this is good, but I expected that you would show which reports to run in amazon portal for bookkeeping purposes , instead of using link my books
Ganeshan Jeganthan just go into reports, then payments, then all transactions and you can download monthly summaries. It’s pretty difficult / time consuming to do manually. For £10 a month I’d just go with LinkMyBooks ! #passiveincome
@@JansonSmith thanks, £10 is a very competitive for one seller account, but one of my cleint has more that 5 seller accounts, so charges are slightly high, still not a bad shout , thanks
what is the name of your accountant? does she mind if you share her details?
As I am testing the water as so to speak would you recommend just using the spreadsheet for now? I do want to go Ltd once I see regular sales and will go down the Xero and link my books route :) Thanks for another great video as well
Beave yes that's what I did mate
where is the link for the excel file?