The finance function, run monthly
This is the work we already do for the sellers on our books.
Your Shopify payouts are properly reconciled every month. Gross sales, gateway fees, refunds, chargebacks and multi currency settlements are posted where they belong and matched against the money in your bank. Amazon, Etsy and eBay run the same way.
Returns prepared and filed on time. Marketplace collected VAT, zero rated lines and overseas sales are all treated correctly, so the return reflects what you actually sold.
Monthly management accounts with profit broken out by channel. You see margin while the quarter is still live and can do something about it.
Year end accounts, corporation tax and Companies House filings. Prepared from books that were already right, so year end is a review and not a rebuild.
Payroll run monthly, directors included, with pension submissions and RTI handled.
Why most accountants get ecommerce wrong
A general practice sees a Shopify deposit and books it as sales.
The gateway fees, refunds and chargebacks that came out of that deposit disappear, and with them any real view of margin.
It is not carelessness. Ecommerce settlements are their own discipline, and a general practice meets one a handful of times a year. We work in them every week.
Who does the work
We hold dedicated monthly capacity for ecommerce, so this work is never squeezed around year end season. The same bookkeeper handles your channels each month, and every set of accounts and every return is reviewed by a chartered certified accountant before it leaves the practice.
Dedicated capacity
Ecommerce bookkeeping is ringfenced each month. It does not wait behind a queue of tax returns.
One bookkeeper
The same person on your account month after month, so nobody is learning your business from scratch.
ACCA oversight
Every return and every set of accounts is reviewed by an ACCA qualified accountant.
The software behind the reconciliation
We run A2X between your sales channels and Xero
A2X splits every Shopify settlement into sales, fees, refunds and tax and posts it into Xero, where it reconciles against your bank. We set it up, map it to your chart of accounts and run it as part of your monthly bookkeeping. Amazon, Etsy and eBay work the same way.
Visit a2xaccounting.comHand us the books
Book a free 30 minute call. Tell us what you sell and where, and we will tell you how we would run it.
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