An Example Chart of Accounts for an Amazon FBA Business
Here's an example chart of accounts for an Amazon FBA business:
Assets:
1100 Checking Account
1200 Savings Account
1300 Inventory
1400 Prepaid Expenses
1500 Accounts Receivable
Liabilities:
2100 Accounts Payable
2200 Credit Card Payable
2300 Sales Tax Payable
2400 Loan Payable
Equity:
3100 Owner's Investment
3200 Retained Earnings
Income:
4100 Sales
4200 Refunds & Returns
4300 Other Income
Cost of Goods Sold:
5100 Amazon Fees
5200 Product Costs
5300 Shipping & Handling
5400 Other COGS
Expenses:
6100 Advertising
6200 Office Supplies
6300 Professional Fees
6400 Rent
6500 Telephone & Internet
6600 Travel & Meals
6700 Utilities
6800 Other Expenses
Note that this is just an example chart of accounts and may need to be adjusted based on the specific needs of the business.