For Bookkeepers Contact Us Resources About Us Blog Courses Join the Client Waitlist Login

How to reconcile your KAJABI Payments in Xero or QBO

courses kajabi metrics Sep 17, 2023

We’re testing out KAJABI payments over at our sister brand, The Ambitious Bookkeeper. What we’ve noticed so far…

It isn't as easy as reconciling Stripe or PayPal.

As Xero users, we're able to link PayPal and Stripe as bank accounts in Xero. This enables automatic daily feeds of transactions allowing us to have a real time view of sales. When we switched over to KAJABI payments, we lost this ability, and the ability to see individual sales and transaction fees.

Why is tracking individual sales important?

First, let's chat about why it's important to track each individual sale in your accounting system.

  1. You want to be able to understand which programs, courses, products, etc are profitable, so you want to track each transaction that comes in. This allows you to setup "rules" in your accounting system for each product, coding it to a specific revenue stream. For example:
    • Digital Products
    • Coaching
    • Signature Program
    • Consulting
  2. Another reason is to be able...
Continue Reading...

Key Financial Metrics for Course Creators

kpi metrics online courses May 31, 2023
We participate in affiliate marketing programs, which means we may earn a commission from purchases made through the links on our blog. However, our recommendations are based on our own research and expertise, and your trust is our priority.

Tracking Success in Online Course Creation: Key Financial Metrics for Course Creators

Running a successful online course business requires more than just creating and delivering valuable content. As a course creator, you need to track and analyze various financial indicators to ensure the profitability and sustainability of your program, course, and business. In this blog post, we will break down the key financial metrics that you as an online course creator should pay attention to in order to gauge the health and success of your business.

1 - Revenue Metrics:

One of the primary financial indicators to track is revenue. Tracking your different revenue streams such as: course sales, private coaching income, affiliate income, and any other...

Continue Reading...

50% Complete

DIY Bookkeeping Guide

Want to know what you should be doing each month until you're ready for a bookkeeper?