we are good at what we do
We are accountants for Shopify
We are accountants for Shopify Stores. Whether Shopify is your primary sales channel or you are looking to expand. Many of our clients use Shopify which means we are completely comfortable in working with Shopify and the reports that it provides.
We Will Help You with eCommerce and Shopify accounting integration
We are accountants for Shopify Stores
Whether Shopify is your primary sales channel or you are looking to expand. Many of our clients use Shopify which means we are completely comfortable in working with Shopify and the reports that it provides.
We do not use manual invoice posting when pulling through data from Shopify to XERO. We have spent lots of time fixing the problems this approach creates for Shopify users. We use A2X application for exporting data from Shopify to keep you fully compliant.
We are familiar with the ins and outs of reconciling Shopify payments and any other payment gateway providers you use. Are you running a dropshipping store on Shopify?
We get the tax implications and know where to look to get the right answer. We won’t charge you more simply for running multiple stores. We know where the efficiencies lie, and give your company the correct treatment.
we have no limits
Why Choose Us
We understand how Shopify works, so whether you want to change from a sole trader to a limited company or register for European VAT, we know the most effective way of doing this.
We work with Shopify sellers every day to help with everything from setting up a new company, VAT compliance, expanding to new markets and self assessment.
We integrate with all the Shopify payment gateway providers such as Shopify Payments, PayPal or any card provider.
We understand eCommerce, giving expert advice on how to build Your Shopify business.
we aren't afraid of trying new things
Be part of something great
Why is accounting important for eCommerce businesses using Shopify?
Your business’s finances are the foundation of a healthy eCommerce business. If you don’t have accurate inventory numbers, don’t know how many sales you made in a given time period, or your books are a mess, you are doing yourself and your business a massive disservice.
Keeping track of your incoming and outgoing cash flow is essential to running a profitable eCommerce business.
The basics that all eCommerce entrepreneurs should have in place is a way to keep track of the following:
Assets – this is everything that your business owns
Liabilities – any outstanding debts or loans that your business has
Revenue – all incoming cash into the business from sales, affiliate deals, etc.
Expenses – all of your outgoing cash, including inventory, team costs, packaging, etc.
Equity – what percentage of the business do you own? For example, if you are a solo business owner with no outside investors, then you own 100% of the business.
important things you should know
Questions And Answers
The definition of eCommerce accounting is reporting about your eCommerce business. Ecommerce accounting refers to collecting, analyzing, organizing, and reporting financial data related to business transactions and assets within an eCommerce business. There are several things your eCommerce accounting includes:
1. Bookkeeping, which lists every transaction. For example, when you accept products to your storage, or sell on Shopify, or have to accept back a pair of shoes on Amazon. Bookkeeping keeps track of every money or asset movement, and provides a document covering every such event.
2. Management reports, which gather all the sales data and try to make sense of it. For example, how much of each product you sold, what are the costs of operating every channel, and where do you actually make money.
3. Tax filing & statutory reports. These depend on where you sell, for each government has a different tax system. Tax reports constitute a very detailed recount of every transaction and the categories they fall under. Depending on the categories, different types of tax are derived.
Xero is a bookkeeping software we use. If you operate it yourself you‘ll have to manually go to Xero, choose ‘Accounts’ tab and press ‘reconcile’ each time. We connect your Shopfiy or Amazon, account directly and upload data every 24 hours. This allows for the most efficient, reliable and up to date reconciliation of your eCommerce sales.
Absolutely. We make the transition seamless on our end. We’ll get in touch directly with your current accounting service provider, take over all your financial documents, and audit them to make sure your company is compliant. We check for any loose ends with Revenue, organise historical data, and then prepare and file necessary reports. We offer up ongoing advice about relevant tax exemptions, helping you be smarter with your taxes. Now that your accounting is in good hands, you can focus on what you do best: running your business.
Our firm specializes in small companies, which satisfy two of the three conditions listed below:
- The company employs up to 50 people
- The annual turnover is less than €12 million
- The company total assets do not exceed €6 million
If this sounds like your company, that means we are the right accountant for you!
You have come to the right place! We can advise you on the best legal structure for your business and guide you through the entire process. If you wish, we can complete the registration on your behalf to save you the hassle. This way you can be certain that your new business is fully compliant with all requirements.
This will depend on the type of business you are running, the scale and the legal structure. If you are self employed and just trading on a part time basis, probably you just need to file your income tax return once a year. However, if you run a limited company, you will have many more reporting obligations and will definitely benefit from professional accounting services. We can advise you on the best option but the choice is always yours.
Watch this short video to find out how your small business can benefit from hiring a professional accountant.
Yes we do. Any small size business can benefit from our professional services and this applies to sole traders as well. We can tailor our offer to suit your particular needs, even if you are just trading part time. Please get in touch and we will be happy to assist!
The shares in a company are owned by its shareholders. In case of limited companies the liability of shareholders is limited to the value of shares they hold. The important factor is that a limited company is a legal entity separate from its owners. If you are wondering what the best legal structure is for your business, please get in touch and we will happily advise you.