Things to Know if Your Business Has Been Affected by the Coronavirus

With the coronavirus now taking such a significant hold of our country and the world, it’s hard not to think about preparing and safeguarding your business from the dangers it presents. After all, Amazon has recently sent many workers to continue business from home. Additionally, the company is set to give any employees who are quarantined or diagnosed with COVID-19 up to two weeks of paid sick leave.

As all this commotion continues, many sellers find themselves scratching their heads, unsure of the path forward. Though we are all currently overwhelmed with uncertainty, there are certain things all Amazon sellers should be aware of.

For example, you should know how to cancel previously placed orders that you are now unable to fulfill thanks to the coronavirus limiting manufacturing/distribution. Additionally, you should know how to update your listings if certain products are now unavailable. To do so, you must go to your Manage Inventory page, and from there, select the Active status filter above the product list, locate the product you wish to close and click “Close listing” from the menu.

You should also note that Amazon has said any business whose performance metrics have been affected by the coronavirus may include a description of how their businesses were impacted in their response to the relevant performance notification. They say they will consider this when determining your account’s most recent performance.

For any additional information about managing your finances in these uncertain times, speak with Ebiz Accounting. We are here to help.

If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.