Client Background
An independent book publishing company that published self-help and business books needed a QuickBooks Clean-Up after expanding its operations and losing track of author royalty payments, advertising costs, and book sales revenue. The client hired Development Theory to help with a QuickBooks clean-up for a book publishing firm.
The Challenge
Untracked Royalty Payments to Authors: The company owed authors payments but had no clear records of who was paid what.
Amazon & E-Commerce Sales Not Integrated Properly: Book sales from Amazon, Shopify, and direct website sales were not properly recorded in QuickBooks.
Overpaid Advertising Expenses: The company had been miscategorizing ad costs, missing deductions.
Confusing Profitability Reports: The owner didn’t know which books were most profitable, leading to poor inventory management.
Our Approach
Royalty Payment Tracking & Fixes: Created a system to track author royalties and ensure accurate payments.
E-Commerce Integration: Linked Amazon, Shopify, and PayPal transactions to QuickBooks, improving sales tracking.
Advertising Expense Review: Ensured all Facebook and Google ad spend was categorized correctly for deductions.
Profitability Analysis per Book: Created a structured report to analyze profit margins by title, improving inventory planning.
Quarterly Bookkeeping Support: Set up a monthly financial reporting system to track progress.
The Solution
Royalty payments tracked properly, preventing underpayments.
E-commerce sales reporting automated, making revenue tracking seamless.
Over $9,500 in missed advertising deductions claimed, reducing taxable income.
Profitability reporting structured, helping the owner focus on high-performing books.
Results & Impact
Sales tracking accuracy improved by 90%, preventing revenue underreporting.
Tax savings of $12,000, thanks to expense categorization fixes.
Owner now understands profitability per book, improving marketing strategies.
Time spent on bookkeeping reduced by 60%, freeing up time for business growth.
Client Feedback
"Before, I had no idea if my books were profitable. Now, I can see exactly where my money is going, and I’m saving thousands in taxes!"
Development Theory Can Help Business Owners Like You
Are your accounting records a mess? Would you like help getting them straightened out? Our QuickBooks Clean-Up service gets one year of your historic accounting data balancing again. Don't wait until tax season to deal with your books!
Comments