e-Commerce (Amazon, Shopify, …)
ecommerce accountant
As an e-commerce owner, it’s important to understand the nuances and complexities of your e-commerce booking – what makes it different from any other bookkeeping process? The short answer is a lot.
Understanding the differences and how to account for them will help you get the most value and insights from your financials and prevent major issues down the line. For non-eCommerce businesses, you see a deposit in your bank of $220, and you record an income of $220. For e-commerce, it’s not quite so simple. A deposit of $220 from Shopify, Amazon, or Walmart, is not $220 of income. It could mean, $300 of income, $60 of returns, and $20 of merchant fees. It could also mean that of the $220, $15 is sales tax you owe to the tax authorities. In other words, it’s complicated.
What You Get with Proficient Accounting & Tax Services
When you partner with Proficient Accounting & Tax Services for your bookkeeping needs, you’ll get access to a wide range of features and services, including:
- Detailed financial reports that break down your sales, expenses, and profits
- Gross margin of each product
- Inventory management
- Sales tax filing and registration
- Customizing chart of accounts for the e-commerce business
- And many more!
ecommerce accountant
ecommerce accountant
If you’ve been looking for an outsourced bookkeeping and accounting service focused on helping you achieve measurable financial results, get in touch, Proficient Accounting & Tax Services is the partner you’re looking for. There’s no obligation, and we can meet online, or in person.
Free Estimation
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