eCommerce Bookkeeping Services

For eCommerce entrepreneurs, our specialized bookkeeping services are meticulously crafted to meet your unique requirements. With global eCommerce sales reaching $4.28 trillion in 2020, the digital marketplace is more lucrative than ever. Whether you’re conducting business on Amazon, Shopify, Walmart, Ebay, Etsy, or any other prominent platform, our proficiency in eCommerce finances guarantees the meticulous management of your financial records. Let us empower your business while you concentrate on growth, secure in the knowledge that your financials are in expert hands.

Fast and Accurate eCommerce Bookkeeping Services

Studies show that eCommerce is projected to account for 22% of global retail sales by 2023, underscoring the sector’s continued growth. With our support, eCommerce businesses can expedite decision-making processes, circumvent bottlenecks in closing financial books, and circumnavigate errors in financial statements that can otherwise disrupt efficient operations.

Our steadfast commitment to accuracy and affordability is meticulously designed to meet the distinct requirements of eCommerce entrepreneurs, empowering them to navigate the swift currents of the digital marketplace with unwavering confidence and pave the way for sustained success.

eCommerce Bookkeeping Services for Legal Compliance

In a recent study, 82% of businesses faced compliance-related difficulties, highlighting the critical importance of staying on the right side of the law. Our specialized team ensures that your financial records adhere to all relevant laws and regulations, safeguarding your business from potential legal issues. Trust our expertise to keep your financial house in order and your operations legally sound as you navigate the intricacies of the eCommerce landscape.

Why do eCommerce businesses outsource bookkeeping?

37 %
37% of small business companies opt for outsourcing their bookkeeping services to leverage specialized expertise, cost savings, improved efficiency, and the opportunity to concentrate on core business activities.
30 %
By achieving cost reductions ranging from 30% to 75% of their existing expenses, businesses can simultaneously improve the quality and timeliness of their financial management.
1 %
Our client retention rate is 100%. Yes, you read that correctly.

How does eCommerce Bookkeeping work?

01

Initial consultation :

During this step, we will meet with you to discuss your current financial situation and determine the scope of work needed to bring your records up to date.

02

Data gathering:

We will gather all necessary financial documents, including invoices, receipts, bank statements, and any other relevant records.

03

Data entry and organization:

We will enter all of the financial data into our bookkeeping system and organize it into clear and concise reports.

04

Review:

After organizing and entering your financial data, we’ll review reports and identify any discrepancies or areas for improvement. We’ll provide recommendations and help implement changes for better record keeping efficiency and accuracy.

Types of eCommerce Bookkeeping Services Offered

Monthly Bookkeeping

Our bookkeeping services help businesses and individuals keep their finances organized and accurate, allowing them to make informed financial decisions.

Catch Up & Clean Up Bookkeeping

Our Catch Up Bookkeeping process gets your financial records up to date if they have fallen behind or are incomplete.

Quickbooks Setup

Our QuickBooks Setup service streamlines the process for you and ensures that your financial records are accurately set up from the start.

Invoicing & Accounts Receivable

Our Invoicing & Accounts Receivable services help businesses set up invoicing procedures, efficiently manage incoming payments and track customer balances.

Bill Pay & Accounts Payable

Our Bill Pay services help individuals and businesses streamline the payment process, ensuring that bills are paid on time and financial obligations are met.

Discrepancy Resolution & Year-End Reconciliation

Our Discrepancy Resolution & Year-End Reconciliation service will thoroughly review your financial statements and transactions, identify any discrepancies, assist with year-end reconciliation and ensure that your financial records are up-to-date and accurate for tax purposes. 

eCommerce Bookkeeping Services for Clean Record Keeping

Clean record-keeping is not just good practice; it’s crucial for avoiding potential financial discrepancies. In fact, businesses with immaculate financial records are 67% more likely to secure funding, making meticulous record-keeping an invaluable asset in the highly competitive eCommerce arena. Trust our expert team to maintain your records with precision and diligence, ensuring your financial history is unblemished and ready to support your growth and success.

 

eCommerce Bookkeeping Services for Financial Planning

In a world where data plays a pivotal role in decision-making, it’s crucial to note that businesses that implement data-driven strategies are 6 times more likely to be profitable year-over-year. Our expert team uses this data to meticulously craft precise budgets and financial projections, providing you with a strategic edge for planning and monitoring your financial health. Embrace the power of our services to optimize your financial planning and drive sustained success in the rapidly evolving eCommerce domain.

Just some of the eCommerce platforms we work with

 

  1. Shopify: As one of the most popular eCommerce platforms globally, Shopify powers millions of online stores. We’re well-versed in Shopify’s financial intricacies, ensuring accurate record-keeping for your Shopify-based business.

  2. BigCommerce: Known for its scalability and flexibility, BigCommerce is a robust choice for eCommerce businesses. Our services include comprehensive bookkeeping for BigCommerce users, guaranteeing meticulous financial management.

  3. Amazon: Amazon’s vast marketplace presents unique financial challenges. Our expertise in Amazon-specific bookkeeping ensures your financial records are in capable hands, whether you’re an Amazon seller or vendor.

  4. eBay: eBay remains a significant eCommerce platform, particularly for online auctions and sales. Our team is adept at handling eBay transactions and maintaining accurate financial records for eBay-based businesses.

  5. Square: Square offers comprehensive eCommerce solutions, including payment processing and point-of-sale services. We’re equipped to handle Square’s financial intricacies, providing you with precise bookkeeping services

eCommerce Bookkeeping Services for Budgeting

Did you know that 85% of businesses with well-structured budgets are better prepared for economic downturns and market fluctuations? Our expert team leverages data-driven insights to meticulously craft precise budgets, empowering you with the financial foresight necessary to navigate the dynamic eCommerce landscape successfully. Embrace the power of our services to optimize your budgeting strategies and secure financial resilience for your online business.

eCommerce Bookkeeping Services for Audit Trail

Our Bookkeeping Services provide you with the robust data-backed framework needed for financial transparency and regulatory compliance. Consider this: businesses that maintain a comprehensive audit trail are 75% more likely to pass financial audits without major issues. Our specialized team ensures that your financial records are not only meticulously organized but also supported by a well-documented audit trail, giving you confidence in your financial integrity and the ability to address potential disputes with ease. Trust in our expertise to keep your financial house in impeccable order as you navigate the intricate landscape of eCommerce.

What people say about us

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Lee Lichlyter Owner

eCommerce Bookkeeping FAQ

What is eCommerce bookkeeping?

eCommerce bookkeeping is the systematic recording, organization, and management of financial transactions for businesses engaged in online commerce. This practice has become increasingly crucial as eCommerce continues to thrive. In 2020, global eCommerce sales amounted to a staggering $4.28 trillion, with popular platforms like Amazon, Shopify, Walmart, Ebay, and Etsy playing pivotal roles in this exponential growth.

Accurate eCommerce bookkeeping is essential as it ensures financial transparency and compliance with tax regulations. In fact, according to a survey by the National Small Business Association (NSBA), financial challenges, including accurate bookkeeping, ranked among the top concerns for small business owners. 

Therefore, eCommerce bookkeeping serves as the foundation for informed decision-making, efficient operations, and the overall success of online businesses in a rapidly evolving digital marketplace.

How much does eCommerce bookkeeping cost?

The cost of eCommerce bookkeeping can vary widely depending on factors such as the size of the business, the complexity of financial transactions, and the level of service required.

On average, small to medium-sized eCommerce businesses might spend between $500 to $2,500 per month on bookkeeping services. However, it’s essential to note that more complex eCommerce operations or those with higher transaction volumes can incur higher costs, potentially ranging from $2,500 to $10,000 or more per month.

Ultimately, the cost of eCommerce bookkeeping is highly variable and should be tailored to the specific needs and financial situation of the business.

How long will it take to get my books caught up?

The duration required to catch up on your books depends on several factors, including the current condition of your financial records, the complexity and volume of transactions, and the available resources dedicated to the task. This timeframe can vary from a few days to several weeks or even months, depending on these considerations.

To expedite the process, it is recommended to gather all pertinent financial documents, such as bank statements, invoices, receipts, and expense records, and organize them systematically. This proactive approach helps streamline the catch-up bookkeeping process and ensures a more efficient and accurate outcome.

Does it matter if my books are up to date?

Yes, it matters significantly if your books are up to date. According to a survey conducted by the National Small Business Association (NSBA), one of the top financial challenges small businesses face is “managing cash flow effectively.” Accurate and up-to-date bookkeeping is essential for managing cash flow, making informed financial decisions, and ensuring the overall financial health of your business.

Furthermore, a study by the U.S. Bank found that 82% of businesses fail due to cash flow problems, underscoring the critical importance of financial management. Timely and accurate bookkeeping provides the financial data and insights needed to prevent cash flow issues, secure financing, and maintain regulatory compliance. In summary, having up-to-date books is not just a matter of good practice; it can be a make-or-break factor in the success and sustainability of your business.

What if I am way behind on my books?

No matter the extent of your bookkeeping backlog, there’s no need to worry because our company is dedicated to assisting you in catching up. Even if you are considerably behind, taking the time to reconcile your records will grant you a clearer understanding of your financial situation, empowering you to make more informed business decisions moving forward. Our team is fully committed to supporting you throughout the process, so feel free to reach out to us without hesitation for assistance!

Is there an initial setup and catch up fee?

Our pricing structure for initial setup or catch-up work does not include any additional fees beyond our standard per-transaction rate. Similar to our other bookkeeping services, you will be charged a fee for each transaction we handle on your behalf. We guarantee transparency and there are no hidden charges or supplementary fees for getting your books caught up or setting up your account initially.

Let's get your finances in order

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