eCommerce Bookkeeping Services

Inventory Management: Accurate tracking of inventory levels, costs, and turnover rates is crucial. Fluctuating stock levels can make it difficult to keep financial records accurate and up-to-date.
Revenue Recognition: Recognizing revenue at the correct time can be complex, especially with varied payment methods, returns, discounts, and shipping times.
Multi-Channel Sales Reconciliation: Many e-commerce businesses sell on multiple platforms (like Amazon, eBay, Shopify, etc.), which can make reconciling sales data across channels challenging.
International Currency Transactions: Dealing with multiple currencies can complicate financial reporting and tax obligations, especially with fluctuating exchange rates.
Payment Processing Fees: Understanding and accounting for various fees associated with different payment gateways is necessary for accurate profit calculations.
Expense Tracking and Categorization: Keeping track of all expenses and categorizing them properly for tax purposes can be time-consuming and complex.
Prepare Financial Statement: We deliver a comprehensive Balance Sheet and Income Statement to you by the end of each month.

Additional Service:

Implement software for managing inventory: We provide streamlined inventory management software implementation to optimize stock tracking and order management for businesses.
Support payroll: We offer payroll support services, ensuring efficient and accurate processing of employee payments and related financial tasks.
Accounts payable management: Our service includes managing accounts payable, ensuring timely and accurate handling of outgoing payments and financial obligations for businesses.
Accounts receivable management: We provide accounts receivable management services, focusing on efficient invoicing, tracking, and collection of payments owed to businesses.
Catchup and Cleanup: Falling behind in bookkeeping and accounting is common, but don’t worry. We specialize in updating your current records and revisiting past accounts to guarantee their accuracy, all at an affordable price.