This service is specifically designed for UK\u2011based online sellers operating on platforms such as Amazon, eBay, Etsy, Shopify, and others. E\u2011commerce accounting has its own unique complexities \u2013 multi\u2011platform data integration, inventory and cost matching, cross\u2011border sales tax issues \u2013 which often frustrate sellers. We have deep expertise in this sector and use specialised tools to provide accurate, professional accounting and reporting.<\/p>\n
Multi\u2011channel Sales Data Integration and Transaction Recording \u2013 We use leading e\u2011commerce accounting tools (A2X, Linnworks, or Link My Books) to automatically import transaction data from all your sales channels into the accounting system. Every order\u2019s revenue, platform fees, advertising costs, shipping costs, refunds, and chargebacks are recorded and classified individually. We generate monthly transaction summaries clearly showing each platform\u2019s sales, fee structure, and net income.<\/p>\n
Inventory Accounting and Cost of Goods Sold (COGS) Calculation \u2013 We help you set up an inventory management system, valuing stock using FIFO or weighted\u2011average methods. We calculate COGS monthly to ensure accurate matching of revenue and costs (the matching principle) and provide inventory turnover analysis and slow\u2011moving stock alerts.<\/p>\n
Bank and Payment Gateway Reconciliation \u2013 We reconcile your bank accounts, PayPal, Stripe, Amazon Seller Central, and other payment channels automatically, ensuring every cash inflow and outflow is fully recorded. Special attention is given to verifying platform settlement reports to confirm the accuracy of platform deductions.<\/p>\n
Cross\u2011border VAT Management \u2013 If you sell cross\u2011border (e.g. to EU consumers), we identify the VAT registration and filing obligations in each country. We assist with UK VAT returns, EU OSS returns, and monitor distance selling thresholds to help you avoid account suspensions due to non\u2011compliance.<\/p>\n
Monthly Management Reports and Business Analysis \u2013 Each month we deliver customised e\u2011commerce management reports, covering: revenue and profit analysis by platform\/SKU, average order value (AOV), customer acquisition cost (CAC), return and refund rates, and gross\/net margin trends \u2013 all compared with prior month and prior year to identify growth trends and potential issues.<\/p>\n
Annual Financial Statements and Tax Optimisation \u2013 We prepare year\u2011end accounts under UK GAAP and complete Corporation Tax filings. We proactively identify tax reliefs available to e\u2011commerce businesses, such as Annual Investment Allowance, R&D relief (if you develop proprietary technology), and provide personal tax planning advice on dividend extraction or self\u2011employed profits.<\/p>\n
Platform Tax Enquiry Support \u2013 If you receive a tax enquiry from HMRC or a platform, we provide end\u2011to\u2011end support, preparing all necessary ledgers and transaction data, and communicating with the authorities on your behalf to minimise disruption to your operations.<\/p>\n","protected":false},"excerpt":{"rendered":"
This service is specifically designed for UK\u2011based online sellers operating on platforms such as Amazon, eBay, Etsy, Shopify, and others. E\u2011commerce accounting has its own unique complexities \u2013 multi\u2011platform data integration, inventory and cost matching, cross\u2011border sales tax issues \u2013 which often frustrate sellers. We have deep expertise in this sector and use specialised tools […]<\/p>\n","protected":false},"featured_media":18740,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"product_brand":[],"product_cat":[191],"product_tag":[],"class_list":["post-18761","product","type-product","status-publish","has-post-thumbnail","product_cat-consulting-services","first","instock","shipping-taxable","product-type-simple"],"_links":{"self":[{"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=\/wp\/v2\/product\/18761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=\/wp\/v2\/product"}],"about":[{"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=\/wp\/v2\/media\/18740"}],"wp:attachment":[{"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18761"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fproduct_brand&post=18761"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fproduct_cat&post=18761"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/aybnfinance.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fproduct_tag&post=18761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}