Compliance Corner: Bookkeeping Requirements For Amazon Sellers
Jun 14, 2024
Amazon sellers must adhere to strict bookkeeping requirements to ensure compliance. Records must accurately reflect income, expenses, and inventory. Detailed transaction records, including sales receipts, invoices, and bank statements, are necessary. Consistent tracking of sales tax obligations and timely filings are essential. Compliance with these bookkeeping regulations is crucial for maintaining financial transparency and avoiding penalties or account suspensions. Hiring a qualified Amazon seller accountant can greatly assist in meeting these requirements.
