In this episode, Joie Roberts interviews Matt Remuzzi from CapForge, discussing the critical importance of bookkeeping and financial strategies for e-commerce sellers, particularly those on Amazon. They explore common mistakes made by sellers, the significance of understanding costs and profit margins, and when to hire a bookkeeper. Matt emphasizes the necessity of accurate financial records for business growth and the distinction between profit and cash flow. The conversation also touches on the challenges of scaling a business and the evolution of CapForge as a valuable resource for sellers.TakeawaysMany Amazon sellers neglect bookkeeping, relying on Excel sheets.A small percentage mistake can lead to significant financial loss.Understanding your numbers is crucial for business success.Hiring a bookkeeper is advisable once sales reach $10,000 a month.Accurate financial records are essential for selling a business.Profit and cash flow are two distinct but important metrics.Slow and steady growth is preferable to rapid expansion.E-commerce businesses often face cash flow challenges.Investing in bookkeeping can prevent costly mistakes.Working with knowledgeable partners can enhance profitability.Learn more about BidX: ► ► ► Visit our Website: https://www.bidx.io/en/► ► ► Subscribe to this channel: Subscribe here► ► ► Get BidX 14 days for FREE today: https://app.bidx.io/en/register➡️ Contact us:► E-mail: [email protected]► Phone: +1 332-334-3657

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