Accounting for E-Commerce & Online Business
E-commerce and online businesses face unique accounting challenges including multi-channel sales tracking, inventory management, and cross-border taxation. Accountants Online provides specialized accounting services for online retailers and digital entrepreneurs across Canada. We handle tax filing, GST/HST on online sales, and provide financial reporting to help you grow profitably.
E-commerce store owners, online retailers, digital entrepreneurs, and Amazon/Shopify sellers in Canada
Common Challenges
Multi-Channel Sales Tracking
Consolidating sales data from Shopify, Amazon, eBay, and other platforms
Inventory Management
Accurate inventory valuation and cost of goods sold calculation
Cross-Border Sales Tax
Managing GST/HST on domestic and cross-border e-commerce sales
Platform Payment Processing
Reconciling sales with payment processor deposits and fees
Our Solutions
E-Commerce Bookkeeping
Automated reconciliation of multi-channel sales, inventory, and payment processing
GST/HST on Online Sales
Accurate calculation and quarterly/annual filing of GST/HST on e-commerce sales
Financial Reporting
Clear monthly financial statements to track profitability and growth metrics
Tax Planning
Optimization strategies for online retailers to maximize after-tax profit