E-COMMERCE
Selling on Amazon, Shopify, and Etsy at the same time is good for revenue and rough on your books. Every platform pays out differently, takes its own fees, and reports sales tax its own way. PFGTAX does bookkeeping built for online sellers, so your numbers make sense across every channel and you’re not caught off guard by a state you didn’t know you owed tax in. Call 888.865.8670 to talk with someone who understands multi-channel selling.
E-commerce bookkeeping goes wrong in one of two ways almost every time. Either the platforms aren’t reconciled properly, so revenue and fees get mixed up or missed, or sales tax isn’t being tracked by state, and a seller finds out too late that they owe money in places they never registered. Both problems are avoidable with books built for how online selling actually works.
Reconciling every platform, not just your bank deposits
Amazon, Shopify, Etsy, and every other marketplace pay out on their own schedule, after taking fees, refunds, and advertising costs out first. If your books only look at what hits your bank account, you lose track of gross sales, fees, and returns, which means you lose track of your real margin. We reconcile each platform on its own terms, so you can see exactly what you sold, what was taken out, and what you actually kept.
Inventory and cost of goods sold, tracked accurately
For most online sellers, inventory is the largest expense and the easiest thing to get wrong. We track your cost of goods sold and inventory value accurately, so your profit numbers reflect reality instead of overstating income because inventory costs weren’t recorded correctly.
Sales tax nexus, tracked before it becomes a problem
Selling in enough volume into a state can create a sales tax obligation there, even if you’ve never set foot in it. This is one of the most common ways online sellers end up with an unexpected liability. We help you keep an eye on where you may have nexus and keep your books structured so that sales tax collected and owed is tracked by state, not lumped together and forgotten.
What we handle for e-commerce businesses
- Multi-channel reconciliation across Amazon, Shopify, Etsy, and other platforms
- Inventory and cost of goods sold tracking
- Sales tax tracking by state and nexus awareness
- Advertising cost and fee tracking by platform
- Refund, chargeback, and return recordkeeping
- Monthly bookkeeping, reconciliation, and financial statements
- Catch-up and cleanup bookkeeping to get current
- Books ready for tax prep, lenders, and growth planning
Built for sellers running on more than one platform
Whether you sell on one marketplace or five, your books need to add up across all of them, not just the ones that are easiest to track. We handle the reconciliation so you can focus on what you’re actually selling.
FAQ
How do you reconcile sales across multiple platforms?
We reconcile each marketplace or platform individually, working from gross sales, fees, refunds, and advertising costs down to the net payout, so nothing gets lost or double-counted when everything lands in one bank account.
What is sales tax nexus and why should I care?
Nexus is the connection to a state that creates a tax obligation there, and it can be triggered by sales volume alone, not just having a physical location. Many online sellers end up owing tax in states they didn’t realize they’d crossed the threshold in. We help track where that risk exists so it doesn’t turn into a surprise bill later.
Can you handle inventory and cost of goods sold?
Yes. Accurate inventory and cost of goods sold tracking is central to knowing your real profit margin, and it’s one of the areas we focus on most closely for online sellers.
Do you work with sellers on multiple platforms at once?
Yes. Most of the online sellers we work with sell across more than one channel, and we build the books to handle that from the start.
Can you help if my e-commerce books are a mess?
Yes. Catch-up and cleanup bookkeeping is common for growing online sellers. We’ll reconcile everything, get your inventory and sales tax records straightened out, and keep things current going forward.
Know your real numbers across every channel. Call to set up a consultation.
OR email us info@pfgtax.com