Get a 2 Month FREE Trial of Sellerboard at https://www.askjimmysmith.com/sellerboard (affiliate)eCommerce Accounting Services: https://www.askjimmysmith.com/ecaAre you tracking your Amazon inventory costs incorrectly? It might be costing you thousands.Most sellers believe they’re profitable, but in reality, many are using outdated accounting methods that misreport profits. In this video, I break down the three key cost-tracking methods (Constant, Weighted Average, FIFO) and walk you through exactly how to implement FIFO inside Sellerboard for accurate profit analysis.Whether you’re doing arbitrage, wholesale, or private label, this tutorial will help you: • Avoid profit-killing errors • Understand your real margins • Make smarter inventory and ad decisions • Scale confidently with financial clarityStart your free 2-month trial of Sellerboard: askjimmysmith.com/sellerboardNeed professional accounting support? Visit: askjimmysmith.com/ecaAmazon sellers and eCommerce entrepreneurs over $5k per month in sales:If you're ready to scale your Amazon business to new heights, APPLY HERE to join the Business Building Legends community: https://www.askjimmysmith.com/legendsNot there yet?If you're just starting out or earning less than $5,000 per month on Amazon, YOU are why I make all my best resources FREE. I have nothing to sell you. Access my FREE 30-day training and other tools here: https://www.askjimmysmith.com/freetrainingChapters :00:00 – You're Tracking Profits Wrong 00:36 – Why FIFO Method Matters 01:30 – 3 Methods Every Seller Must Know 02:48 – Real Demo: Setting FIFO in Sellerboard 04:27 – Constant Cost – The Dangerous Default 06:17 – Weighted Average Explained 06:58 – FIFO – The Most Accurate Method 09:23 – Why Average Costs Lie 11:40 – Batch Management Example 13:25 – Weighted Avg vs FIFO 14:55 – Sellerboard Profit Accuracy Demo 16:50 – When to Use Each Accounting Method 18:47 – Final Thoughts and LinksOther eCommerce Training and Business Building Links:Free Amazon Facebook Group:https://bit.ly/mstgroupThe Proven Amazon Course:https://bit.ly/paccourseeBay Training Community:https://treasurehuntingprofits.comAmazon Coaching (affiliate):https://bit.ly/jimcockrumcoachingeCommerce Accounting Services:https://ecommerceaccountingllc.comReplen Dashboard:https://www.replendashboard.comAffiliates and Discount Links:Aura Repricer:https://bit.ly/replensgoauraHelium10 (Discounts):https://bit.ly/helium10ajsDisclaimer:While all of these success stories/testimonials are from real people and we get more each and every day, please understand however that the results posted are not typical. I'm not implying you’ll duplicate them or that you’ll get any results at all! Your results will vary greatly and will depend on many factors including your experience, work ethic and other factors as well. The fact is, the average person who buys any business course or training gets little to no results. The results I share here and in other places are for reference only. Business always involves risk and your best chance of success is to take consistent, intentional action. We can equip and inspire you, but no one, including me can guarantee your results!#AmazonSellers #Sellerboard #FIFOMethod #EcommerceTips #AmazonProfit #CostOfGoods #InventoryManagement #ArbitrageSeller #WholesaleAmazon #AmazonFBA