All your careful accounting of expenses, suppliers, and costs-of-goods combined with your sales reports from Amazon, flow directly into your Income Statement. This is the profit and loss statement you will print out and hand to your CPA (certified public accountant) when it's time to do your taxes.
So how does it work?
1. You will carefully enter your miscellaneous expenses (both one time and recurring) into AccelerList as they occur.
2. You will then download and import your Amazon financial reports into the accounting section
3. AccelerList will detect and respect the date range of the financial report you entered and then pull in all of the related expenses for that time period and merge them into a Profit & Loss Statement so that you have a complete view of your Amazon business.