Ecommerce
A practical starting point
Why do marketplace payouts differ from your recorded sales?
A deposit from a marketplace may combine sales, refunds, fees, tax collections, and adjustments. Treating the net payout as sales can hide both revenue and costs. Inventory purchases also follow a different pattern from cash received from customers.
Reconcile platform reports, payment-processor settlements, bank deposits, and inventory records. Review the channels and locations where you operate so potential state tax questions can be identified for a separate assessment. A platform's collection activity should not be assumed to settle every business obligation.
What to agree before work begins
A clearer sales-to-cash reconciliation, visibility into selling costs, and a defined scope for bookkeeping and related tax review.
What makes it complex
- Multi-state sales tax nexus and filing
- Inventory and cost-of-goods accounting
- Reconciling across platforms and processors
- Understanding true per-channel profitability
How we help
- Sales tax nexus review and compliance
- Inventory and COGS accounting
- Multi-platform bookkeeping
- Channel profitability reporting
Recommended services
The services ecommerce rely on most.
Let's discuss the work you need.
Tell us about your situation, the records you have, and any deadlines. We will discuss the right scope and next steps before an engagement begins.