E-commerce Accounting Process
1. Assessment and Preparation
We start by evaluating your current financial status and setting up an accounting system tailored to your e-commerce business. This ensures a solid foundation for accurate and efficient financial management.

2. Chart of Accounts
We create a comprehensive Chart of Accounts specific to e-commerce, categorizing all income and expenses to facilitate detailed and precise financial reporting.

3. Reconcile Bank and Payment Processor Accounts
Regular reconciliation of bank accounts and payment processors, such as PayPal and Stripe, is crucial. We ensure that your financial records match actual transactions, identifying discrepancies and preventing errors.

4. Inventory Management
We implement robust inventory management practices, tracking the cost of goods sold (COGS) and maintaining accurate inventory records to help manage stock levels and optimize profitability.

5. Financial Statements
We provide detailed financial statements, including Balance Sheets, Profit & Loss Statements, and Cash Flow Statements. These reports offer a clear view of your business's financial health and performance.

6. Sales Tax Compliance
We manage sales tax collection, filing, and compliance, ensuring that your business adheres to all applicable tax regulations, avoiding penalties and legal issues.