Ecommerce Profit and Loss (P&L) and Balance Sheet setup for scaling brands [Video]

Setting up and analyzing a Profit and Loss (P&L) statement and Balance Sheet can be particularly challenging for ecommerce businesses – especially when managing different revenue sources, COGS, inventory, shipping costs, digital marketing expenses, and more.

How do you account for it all and get accurate numbers for your online store?

In this webinar recording, Jason Snider, Managing Director at Summit eCommerce Advisors, shares insights for how to set up and analyze a P&L (income statement) and Balance Sheet for an ecommerce store.

Watch to learn:
– Specific considerations for ecommerce businesses (and how they impact the P&L and Balance Sheet)
– An expert-recommended way to set up a P&L and balance sheet for your ecommerce business
– How to learn from your numbers and gain insights that will help your ecommerce business thrive

Additional resource:
– Cash vs. Accrual Accounting for Ecommerce – https://www.youtube.com/watch?v=aqvbvjJXU0A

Get in touch:
– Get in touch with Summit Ecommerce Advisors – https://www.summitecommerce.co/ | https://calendly.com/jason-summitecommerce/30min
– Get in touch with A2X – contact@a2xaccounting.com

00:00 Best practice ecommerce P&L (Income Statement) and Balance Sheet setup for scaling brands
00:45 Meet Jason Snider from Summit Ecommerce Advisors
01:30 Agenda
02:37 Common mistakes on the P&L
03:39 Best practices on the P&L
05:38 Common mistakes on the Balance Sheet
06:31 Best practices on the Balance Sheet
07:56 What makes ecommerce different?
11:48 How to build a P&L for ecommerce
23:07 Important numbers to note on the P&L
32:09 How to build a Balance Sheet for ecommerce
36:26 Important numbers to note on the Balance Sheet
40:13 How to get insights from your P&L
41:29 How to get insights from the Balance Sheet
43:14 Consistency of data
49:58 Get in touch with Summit Ecommerce
50:36 Learn more about A2X

The information provided in our webinars and resources is meant to be general in nature. Please consult a certified expert to get advice for your specific business requirements.