Many e-commerce businesses run their operations blind because they don’t have reliable financial systems in place. That often goes for any business, but bookkeeping and accounting for e-commerce businesses is extremely unique and notoriously complex and these businesses are often inappropriately using systems designed for traditional businesses. Or even worse, they are using systems that they think are correct because they simply don’t know any better or they ‘don’t have the time’ to fix it or find a better solution.
The reality is that e-commerce businesses are totally different than traditional businesses and their bookkeeping systems need to be designed accordingly. Unfortunately, many bookkeepers and accountants just don’t understand e-commerce businesses and the frustrations are just amplified come year-end tax time when it goes to the accountant. Enter Deuzeman CPA.
Deuzeman CPA has invested a lot of time developing and implementing bookkeeping systems for e-commerce businesses. The systems are reliable and consistent. We pride ourselves in being able to be your one-stop shop for all your tax, accounting, bookkeeping and payroll needs for your e-commerce business so that you can enjoy the convenience of all the help you need under one roof. This ultimately allows you to get back to focusing on running your business and looking after your customers.
We’d be glad to have a conversation with you to learn a little bit about your e-commerce business and see how we can help you.
Bookkeeping & Accounting for Amazon Sellers
Amazon to QuickBooks Online
Custom setup and integration of Amazon to your QuickBooks Online for your unique business and reporting requirements
Accounting for Amazon Activity
Accurate and complete reporting of all Amazon settlement information for income statement and balance sheet activity for full visibility including Amazon fees, Amazon FBA, Amazon refunds, Amazon shipping and freight as well as reserved cash balances, foreign exchange and sales tax. Also includes reconciliation of Amazon payouts to bank deposits, proper reporting of sales and expenses when settlements straddle month-end and the ability to pull settlement history as far back as Amazon allows to do all the above for catch-up accounting work if necessary
Bookkeeping & Accounting for Shopify Stores
Shopify to QuickBooks Online
Custom setup and integration of your Shopify Store and QuickBooks Online for your unique business and reporting requirements
Accounting for Shopify Activity
Accurate and complete reporting of all Shopify Store information for income statement and balance sheet activity for full visibility including sales, discounts and refunds as well as foreign exchange and sales tax. Also includes reconciliation of Shopify sales activity to bank deposits through multiple payment processors and summarized and simplified reporting in your QuickBooks Online as it is not meant to store thousands of small transactions that can create issues
Are You an Amazon Seller or Shopify Store that Needs a CPA-Level Bookkeeper or Accountant?
Do You Want a Dedicated Bookkeeper for Your E-Commerce Business Who Provides Customized and Scalable Bookkeeping Solutions?
Deuzeman CPA will work with you to set-up a smooth bookkeeping process that is tailored to your unique e-commerce business. You will work with at least one dedicated bookkeeper who will intimately understand your business and you will be able to focus on running your business and no longer worry, get distracted or scramble when it comes to bookkeeping and accounting.
Do You Generate or Are You on Track to Generate Sales of at Least $20,000 per Month?
Deuzeman CPA works with start-ups, companies generating $10M to $15M in sales and more. But most e-commerce businesses start needing help when they are generating $20,000 per month in sales. E-commerce businesses generating this much in sales are too big for Excel and manual processes that are susceptible to human error.
Are You Unsure of Your True Profitability and Want to Improve Cash Flow?
You need to understand the difference between your top-line sales and bottom-line profit by having full visibility into a set of financial statements that accurately represent the underlying activity of your e-commerce business. You also need to better understand by having a full visibility into a set of financial statements that clearly show you where all your money is coming from and where it is going.
Are You Going to be Raising Capital or Sell Your E-Commerce Business?
You will need to present the bank or investors with professional, accurate monthly financial statements if you want to be taken seriously. And if you plan on selling your business within the next five years then you better start generating a history of professional interim financials now. An e-commerce business that has a history of professional interim financials will almost always be able to sell for more and it will definitely make the process a lot easier.