Excellent 4.9 out of 5
Average rating 5.0
Excellent 4.9 out of 5
Average rating 5.0
We know the biggest challenge for sellers is ensuring that they have correctly recorded their platform sales, fees and payouts. Due to the volume of transactions this can either take hours to get right or you blindly trust your ecommerce bookkeeping system/software. We created our own solution, eComledger.
We have created a system to ensuring our ecommerce bookkeeping services works so you can understand your business.
We don’t ask you to subscribe to expensive accounting software like Link My Books or A2X. We have created our own. Ecomledger connects your ecommerce platform into Quickbooks or Xero. It can even be used with legacy accounting software.
For customers who use a lot of multicurrency, we recommend Xero to our clients as it allows us to connect into third party apps, reconcile your transactions and produce reports which you can use to understand and grow your business
For those who do not use a lot of mulicurrency we recommend Quickbooks. This connects into all the apps Xero does and allows us to reconcile your bank and generate reports for you to grow your business.
Dext allows you to send or upload your purchases invoices or expenses to a central portal so we can record the invoice and match it to the bank statements on your system. We include this with all subscriptions to save you time and increase the accuracy of your business records.
ecomledger connects into Shopify, Etsy, Ebay and Amazon FBA stores bringing in your sales, VAT, fees, advertising and payouts.
Cost of goods sold is one of the most important figures for you to understand. We get your landed cost Per SKU of your products, so every time you make a sales we recognise the Cost of goods sold so you know if your business is profitability.
We dont just handle UK VAT but we deal with US sales Tax and EU VAT too. So you do not have to worry about tax if you sell internationally, you can focus on growing overseas instead.
We end goal is for you to not only submit the right taxes but to have a profit and loss statement which you can use to understand your business, make better decisions which leads to more profit. We make sure every client has an ecommerce specific chart of accounts so when we do the bookkeeping you get a profit and loss report tailored for ecommerce businesses.
We do not outsource our bookkeeping overseas.
You may be at the point where you really need to understand your business month on month. That is why we offer monthly bookkeeping so you can have financial to reference when you are trying to make decisions about what is next for your ecommerce business. Imagine having the confidence that you are getting a return on your investment or you have time to avoid the iceberg.
An ecommerce bookkeeper is someone who understanding e-commerce bookkeeping across all ecommerce platforms. They understand the key drivers of your business like cost of goods, Advertising, fulfilment and platform costs. They know how to built a profit and loss which you actually look at and can use to grow your business.
If you are using payment gateways on platforms like Shopify we make sure we reconcile each gateway, the payments and calculate the gateway fees.
If you do not get your bookkeeping right, how are you supposed to trust the financials have been accurately produced by your accountant ? That is why we put a huge emphasis on getting the bookkeeping right so you can have confidence in your online business numbers and not just look at your cash balance.
E-commerce platforms and payment gateways can be difficult to understand. So if you trust someone who doesn’t really understand the tax treatment or even how these platforms work – how are you supposed to know if you are paying the right tax or if your business numbers make sense? That’s why you should start working with an ecommerce accountant comes in, we focus solely on ecommerce and understand the platforms so we can create real financial which mean something to you.
We help businesses register and then expand overseas by cutting through the complexity of US state sales tax or EU VAT registrations and returns.
We want all ecommerce businesses to learn how to understand their numbers. We have dedicated resources to teach you how to understand and use your numbers to grow your business.
