How to Read Amazon P&L (Profit and Loss) Statements
00:00 Introduction 00:04 How to read P & L of Age of Sage for the period Jan 1 to Oct 25, 2022, 00:50 How to download Amazon’s P & L: Go to Reports - Payments - Date Range Report 01:23 Generate Date Range report tab for P & L summary view per month or per year 02:17 Amazon P & L summarizes all the income and expenses inside Amazon 03:05 Breakdown of Amazon Net Income and Credits 04:53 Breakdown of Net Expenses inside amazon and other deductions 05:19 FBA Transaction fees account for the largest expense inside Amazon (actual FBA cost) 06:22 Advertising cost is not included in the Amazon P & L yet 06:44 Most sellers spend their advertising costs directly charge on their credit cards 06:58 Sellers can enroll in Amazon American Express and get 5% cash back on ads 07:35 Amazon P&L is a true picture of your expenses except advertising. 07:47 Check on the Advertising Invoice History tab to have an estimated ads cost to date 08:51 Transfers amount is the net of all the income and expenses inside Amazon. 8:58 Sales taxes per state are taken care of by Amazon, no more sales taxes payable for sellers. 09:46 Statement view tab with Payments Dashboard displays a summary of the settlement and the account level reserve 10:57 Transaction View Tab shows specific order IDs, products sold, and charges and rebates 11:17 Display of Transaction details 12:35 Fastest way to track your inventory 12:57 Link to Shipping Alerts video 14:53 All Statement tab display standard orders vs. invoice with beginning balances 15:06 Does business reports factor in refunds? Yes, they do 15:32 Disbursements tab displays all the transfers to the bank account of the seller every 2 weeks 15:54 Date Range Report tab generates the P&L report by choosing the summary report 16:22 Audit of Advertising Cost by going to the Campaign Manager 16:59 Link to Seller Accountant CEO Tyler Jeffcoat videos 17:19 Steven’s job as a marketer is topline who’s concern more with the sales growth while CFO’s job is bottom line or more concerned about the profit
