E-Commerce Accounting

E-commerce accounting is the bookkeeping and accounting tailored to online sellers. It reconciles marketplace and payment-gateway settlements, accounts for fees, commissions, returns and inventory, and handles GST with TCS, so the books reflect what actually happened.

Unlike a simple shop, an online seller receives net settlements after commissions, fees, returns and tax collected at source, often across several channels. Reconciling these back to gross sales and accounting for them correctly needs e-commerce-specific handling.

Under GST, an e-commerce operator collects tax at source on the net taxable supplies made through its platform and deposits it against the seller, who can claim it. Accounting for this TCS and reconciling it is an important part of an online seller's books.

We support sellers on major marketplaces such as Amazon and Flipkart and on storefronts such as Shopify, among others, reconciling each channel's settlements and consolidating them into a single set of books and reports.

We take each settlement report, match it to the underlying orders, and account separately for the sale, the commission and fees, shipping, returns and any tax, so the net amount received reconciles exactly to your bank and your books.

Yes. We account for output GST on sales, the TCS collected by operators and input credits, and prepare the periodic GST returns, so your e-commerce GST stays accurate and filed on time alongside your books.

We work with the reports and data your marketplaces, gateways and accounting software provide, and where useful we use integrations or tools to streamline the flow, so reconciliation is efficient and your records stay current.