Full-Service E-Commerce Bookkeeping
Sales revenue and operating expenses are tracked by your designated bookkeeper, with results shared through easy-to-understand reporting.
Accounting Solutions for E-Commerce & Online Retailers
Increase your online business's profitability with tax-deductible financial services, growth strategies, and year-round financial management.
400% ROI on average
from our services
Based on avg. tax refund per client
from our services
Based on avg. tax refund per client
Financial services for e-commerce professionals
Full-Service E-Commerce Bookkeeping
Sales revenue and operating expenses are tracked by your designated bookkeeper, with results shared through easy-to-understand reporting.
Every E-Commerce Deduction Claimed
Every eligible deduction is identified to minimize your e-commerce business's tax liability, including shipping costs and advertising expenses.
Tax Preparation and Filing for Online Retailers
Your e-commerce accountant prepares and files federal and state tax returns, ensuring compliance and maximizing tax savings.
Why you should choose 1-800Accountant
As your e-commerce sales increase, so too does your tax complexity. Filing used to be simple, but now your business crosses state lines, which creates nexus obligations and other challenges most retailers aren’t equipped to handle. When you've reached the limits of doing your own taxes, consider collaborating with experts experienced in multi-state e-commerce accounting. This saves the most time, maintains compliance, and allows you to keep more of your hard-earned sales revenue.
Your accounting team helps maximize online sales
Your dedicated accountant addresses ongoing e-commerce tax requirements, navigates multi-state rules, and ensures maximum tax efficiency.
E-commerce deductions ensure you keep more
We minimize your annual tax liability by tracking online retail deductions, including marketing and advertising costs.
Year-round e-commerce support
Your tax advisor addresses nexus questions, evaluates your business entity structure, and adjusts your e-commerce tax strategy periodically.
Packages & pricing
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you.
Core Accounting
Best for businesses that need more advanced features, including tax filing and planning, to maximize their tax savings.
$249/mo
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you.
Save the most with financial services for your e-commerce retail business. Get started with an accounting expert today.
Customer spotlight
"I have been with 1-800Accountant for 10+ years, and my payroll experience with Fatima P. has been the best so far. Her professional and compassionate demeanor is unparalleled, and her follow-through is exceptional. I appreciate her help and dedication to my payroll account so much."
Massage Logic LLC
Carrie Stone
Massage Logic LLC
Carrie Stone
Frequently Asked Questions
Accurate and timely bookkeeping is crucial for e-commerce businesses, as it fosters compliance and supports efficient operations. Improper bookkeeping practices can be detrimental. For example, inventory purchases are not fully deductible at once; they are deducted gradually as items are sold and recognized as cost of goods sold (COGS). Without proper tracking of inventory costs, the IRS may disallow your deductions, potentially increasing your tax liability.
E-commerce accounting and bookkeeping services help your business understand inventory profitability and turnover rate, among other key metrics. This aids in inventory management and your business’s overall financial health. They empower you to make critical data-backed decisions. This includes which items to stock, cash flow optimization strategies to fund inventory, improving margins by evaluating supplier costs, and estimating additional warehousing or fulfillment services to meet demand throughout the fiscal year, among other valuable insights.
Sales tax implications are among the most common challenges e-commerce businesses face. Depending on how much you sell to a particular state, you may be responsible for sales tax in multiple states, even if you're not physically located there. This common bookkeeping challenge is referred to as an “economic nexus.”
We don't connect to any e-commerce platforms or marketplaces. Instead, we securely connect to more than 14,000 banks and credit card issuers. Payments made through payment processing platforms such as Stripe are typically deposited into a bank account that appears in your books. Providing a report from Shopify, Stripe, and other prominent platforms to your full-service bookkeeper allows them to reconcile these amounts in your books efficiently.
Sales tax compliance necessitates regular monitoring, as each state has distinct filing requirements and deadlines. We closely monitor sales tax obligations and file sales tax on your behalf using state sales reports.
Our accountants have advised thousands of e-commerce business owners, including eBay and Walmart sellers, with nuanced, strategic tax support. This generates important financial insights and applies across a range of scenarios. For example, inventory costs are recognized as a business expense once the inventory is sold. But what happens if you purchase two identical items for resale at two different price points, say $10 and $15, and you sell one of the two? What costs would you use? In this instance, your e-commerce accountant would present your options on whether to use FIFO or LIFO methods to change the COGS in a way that is favorable to your operations.
1-800Accountant helps your e-commerce business improve its profitability by taking a strategic approach to your operations. Your designated accountant or team will engage in financial forecasting, revenue analysis, cost and cash flow management, among other tried and true methods, to ensure the long-term profitability of your e-commerce business.
1-800Accountant's full-service online bookkeeping solution promotes compliance, supports operations, and focuses on core metrics essential to e-commerce growth. This includes inventory tracking and COGS calculations for your e-commerce business. Without proper inventory tracking and COGS calculations, the IRS may disallow deductions you'd otherwise be eligible for, likely increasing your tax liability.
1-800Accountant addresses returns, refunds, and chargebacks for your e-commerce business by adhering to accounting standards to ensure compliance, regular financial tracking to ensure accuracy, and a consistent reconciliation schedule to ensure all of your returns, refunds, and chargebacks match your business's financial records.
ClientBooks, our proprietary e-commerce bookkeeping platform, currently supports accrual basis accounting. This method records transactions based on the date a product or service is exchanged. Revenue transactions are recorded by your bookkeeping team on the date that a customer becomes legally obligated to pay you for providing a product or a service. Expense transactions are recorded when you become legally obligated to pay for a product or service received.
1-800Accountant's Client Portal is your centralized hub to upload and store essential financial documentation and income tax returns, transmit messages to your designated accounting team, and access financial dashboards and real-time reports impacting your e-commerce operations. These important, up-to-the-minute insights empower you to make critical business decisions.
1-800Accountant can help your e-commerce business prepare for funding, loans, or valuation in numerous ways. This is achieved primarily by maintaining compliance and implementing strategic, long-term tax planning, while ensuring overall financial transparency. This way, your small business will attract the investment or loan you're targeting. If valuation is a greater concern, the value of your business will be more realistic and reflective of market norms and conditions with the help of the in-house experts at 1-800Accountant.