Amazon FBA bookkeeping requires tracking gross revenue, Amazon fees (referral, fulfillment, storage), COGS, shipping costs, and advertising spend. Use accrual-basis accounting, reconcile bi-weekly settlement reports, categorize all Amazon fee types, and maintain separate business bank accounts.
FBA bookkeeping involves recording all revenue from Amazon settlements, tracking cost of goods sold (COGS), categorizing Amazon fees by type, reconciling bank deposits with settlement reports, and maintaining organized records for tax preparation.
Accrual accounting is recommended for FBA sellers because Amazon pays on a bi-weekly settlement cycle, creating timing differences between sales and cash receipt. Accrual method matches revenue to the period when sales occur, giving you a more accurate financial picture.
Reconcile every settlement period (approximately every 14 days). Compare your Amazon Settlement Report totals against your bank deposits and accounting records to catch discrepancies early.
Track all Amazon fees (referral, fulfillment, storage, advertising), cost of goods sold, shipping to Amazon warehouses, packaging materials, software subscriptions, office expenses, insurance, and professional services like bookkeeping and tax preparation.
Yes, maintaining a separate business bank account and credit card is essential for clean bookkeeping. It simplifies reconciliation, provides clear audit trails, and separates business from personal finances for tax purposes.
Track every fee, calculate true profit per unit, and never guess your margins again.
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