Selling internationally usually means getting paid in more than one currency. A UK seller might receive dollars from Amazon US, euros from Amazon Germany, Canadian dollars from Etsy and a mix of currencies in PayPal. Somewhere between the sale and your bank, that money is converted, and every conversion has…
Online selling has made it easy to reach customers in dozens of countries. Tax rules have not become easier to match. A seller in Manchester can take orders from Munich, Miami and Melbourne in the same afternoon, and each of those sales may fall under a different tax system with…
Selling on more than one channel is one of the fastest ways to grow an online business. For example, a Shopify store brings in direct customers, while Amazon offers greater reach. Similarly, eBay, Etsy and TikTok Shop each open opportunities to reach different audiences. However, every new channel also introduces…
One of the most common shortcuts in e-commerce bookkeeping involves recording marketplace deposits directly as “Sales”. When Amazon, Shopify, eBay, Etsy or PayPal sends a payout, the bookkeeper records the deposit as sales income. The bank transactions reconcile, the books appear up to date, and everyone moves on. The shortcut…
Fulfilment by Amazon (FBA) is one of the most powerful tools available to online sellers. Amazon stores your stock, picks and packs orders, delivers them quickly and handles customer service and returns. In exchange, it charges fees, and lots of them. The problem is not that FBA is expensive. For…
You check your Shopify dashboard and see £12,480 in sales for the week. Then you open your bank account and find £10,915 has landed. Somewhere between checkout and your bank, more than £1,500 seems to have disappeared. This is where Shopify payout reconciliation helps you understand the difference between your…
Why Shopify, PayPal and Stripe Payments Need Clearing Accounts Most online sellers do not take payment in one place. A typical Shopify store might process cards through Shopify Payments, accept PayPal at checkout, run subscriptions or B2B invoices through Stripe, and offer Klarna or Shop Pay Installments for bigger baskets.…
Amazon can be the biggest sales channel an online seller has, and the hardest one to account for. Sales come in from multiple marketplaces. Fees are taken at almost every stage, from referral fees to fulfilment, storage and advertising. Refunds, reimbursements and reserves move money backwards and forwards. Then, every…
Bookkeeping cleanup mistakes can quickly turn a manageable task into a frustrating one. You finally decide to tackle it. You log into QuickBooks or open that spreadsheet you’ve been avoiding for months, ready to get your finances in order once and for all. And there it is: a wall of…
Professional bookkeeping cleanup services help you fix messy books, correct inaccurate financial records, and bring your bookkeeping back under control. For many small business owners, bookkeeping problems build up slowly. A missed bank reconciliation here, a wrongly categorized expense there, or unpaid invoices left unchecked can turn into poor financial…
Shopify bookkeeping cleanup is important when your store’s financial records become messy, outdated, or inaccurate. Running a successful Shopify store takes time, dedication, and constant attention to customer satisfaction, marketing, inventory management, and fulfillment. With so many responsibilities competing for your attention, bookkeeping often becomes an afterthought. Unfortunately, when financial…
If you’re trying to fix messy books but your bank balance doesn’t match your accounts, your VAT feels wrong, or your reports don’t make sense, your books aren’t just “a bit messy. They’re costing you money. Messy bookkeeping is one of the most common problems we see, especially in growing…
