Ultimate Guide to Bookkeeping for Resellers: Track Profits, Expenses & Inventory Like a Pro
Pure Hustle Podcast
Pure Hustle Podcast
4.8 • 857 Ratings
🗓️ 10 February 2026
⏱️ 60 minutes
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| 0:00.0 | Welcome to Pure Hustle podcast. I'm Mike. |
| 0:20.4 | And this is Orlando and we're on episode 486 and this is a live themed episode. |
| 0:26.8 | That's right. It's actually been a while since we've been live. So we thought, hey, why not? Let's go live. |
| 0:32.7 | We love our update episodes because of the things we get to talk about, but our live episodes |
| 0:38.4 | end up being the best because this is where we get to interact with our viewers in the spot, |
| 0:43.5 | right? |
| 0:44.5 | There's one thing about going into the comments later and responding to some questions, but |
| 0:47.2 | the best part about what we do is interacting with people while we're talking, right? |
| 0:52.1 | So if you've got questions, if you've got comments, if you've got concerns, if you just want to just, I don't know, whatever you want to say, throw it in the chat. I'm going to be trying to follow along over on Instagram as well. People are over there chatting. But the best way and the surest way to be able to get your chats up onto the screen will be to come on over to YouTube. So thank you |
| 1:12.5 | all of you who are currently watching whether you're on Facebook, YouTube, or the Instagram. |
| 1:18.8 | Yeah, hey, and thank you, everyone that's joined us on live. It's been, I would say it's been |
| 1:22.7 | month. No, it could be a year. I don't know how long it's been, but it's been a long time, |
| 1:28.0 | like long, long time. |
| 1:29.2 | But hey, appreciate everyone that is joining us here. |
| 1:32.5 | And today we're going to talk about that very exciting topic of bookkeeping. |
| 1:37.0 | Now, before you go away, there's a lot of talk about. |
| 1:40.5 | I know it's really exciting, but it is much needed and very important and necessary. So we're going to talk about like, why is it important? You know, because I will tell you, this is the one area I fail in. So let me talk about why I'm so adamant about bookkeeping. And I'm just going to be real with this. Like right now, I am going through an audit. Okay, wait, pause, time out. So that was one of the things I said, I was thinking that we need to do. |
| 2:04.6 | If you're, if this is happening, you end up going through an audit of any kind, we've been all about documenting, right? |
| 2:10.6 | I think you need to document this process separately, like record the process because this might be, but well, here's why I say this this because I think this is one of the big fears resellers have, right? Like what if I get audited by the IRS? And there's potential that it could be really difficult. It's potential it could be easy peasy. It's potential. Until you've experienced it, everybody might have different experiences, but I think it would be really good if you were to at least kind of document the experience to an extent to share with our listeners, not just on a one time, but create a video of like, hey, I was audited by the IRS. This is what happened. This is what they did. This is what they wanted to see because that's the kind of stuff that people I think really, really want to know, like what would happen if I was audited. Well, we'll say tune, but we'll talk about it on the podcast, that I will talk about it, just because, you know, I think it's important. Now, here's the thing. This is why I'm not stressed. I just don't like dealing with it. I don't like talking about it just because it's just, the reality is just an annoyance, right? Because if you do everything and you did everything right, like you have nothing to worry about. |
| 3:08.0 | And that's my thing. |
| 3:08.7 | Like I did everything right. |
| 3:09.9 | I documented everything. |
... |
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