Shopify Accounting Experts You Can Trust
Specialist Accounting Services For Shopify Businesses and Sellers
As an e-commerce business, would it not be a breath of fresh air to have an accountant who truly understood your business? At Elver E-Commerce accountants, we turn the complex world of ecommerce accounting in to a streamlined and efficient process so that we can deliver the information you need, when you need it, with our Shopify Accountants services.
Shopify Accounting Simplified
There’s no getting away from it – Shopify is complicated. You need to manage listings, customer service, refunds, fulfillment, order products, manage staff, etc. The last thing you need is to have to worry about the accounting and taxation implications. That’s where specialist accountants offering dedicated Shopify specific services can help.
You will most likely have several payment options on your website, whether Shopify payments, PayPal, Amazon Pay, or one of the 100+ credit card payment providers that work with the platform. Combined with the fact that settlements will often be net of transaction charges this adds complexity to your accounting process.
You may of course not be restricted to Shopify and may sell on a variety of ecommerce marketplaces as well. This increases the complexity of your business and your accounting is no different in that respect. You will probably use an order management software like Linnworks or Expandly which will also impact your accounting process.
Why Hire a Shopify Accountant?
An E-commerce accountant operates differently from a standard accountant. The world of E-commerce accounting can be complicated and requires a unique level of specialist knowledge & understanding. A specialist Shopify E-Commerce accountant will ensure that the entire accounting process is streamlined and efficient by automating and integrating the key processes.
As a result, less client input is needed which means more time for them to focus on their Shopify website.
Our Accounting Partners
Xero
Xero is at the core of our accounting work and is the cloud based accounting software that we use to maintain the bookkeeping records for Shopify businesses. We chose Xero specifically above other cloud accounting apps due to it’s user friendly interface. We find that in particular, non-accountant users find Xero to use and navigate when compared to the alternates. Having an easy to use and navigate accounting system is important for a successful Shopify business owner so that they can easily and comfortable get into the full detail behind their numbers as and when they need to. Xero is a cloud based system and we give you access to it so that you can access your numbers where and whenever you need to.
A2X
We use A2X to extract financial data from Shopify and post accurate summaries to Xero—making reconciliation easy and keeping transaction volumes within Xero’s limits. Unlike tools that push every order into Xero, A2X groups data to match how payouts are actually made.
A2X has a dedicated development team and global support, which means faster fixes and regular updates as Shopify changes. Some firms try to build their own tools, but with limited resources, issues can drag on. We rely on A2X because it’s stable, widely supported, and integrates with other platforms. We can manage your entire e-commerce setup through one tool.
As a Gold A2X partner, we also get priority support, so you get faster answers when it matters.
Apron
Apron helps us streamline supplier payments and expense handling for our Shopify clients. It connects directly to Xero, allowing invoices and bills to be captured, approved, and paid without leaving the accounting system. That means no more downloading bank statements or manually logging payments.
Why Work With a Specialist Shopify Accountant
Time-Saving
We integrate tools like A2X and Xero with your Shopify store to automatically pull in your sales data. No need to send weekly reports or manually export anything. With Collaborator access to your store (which doesn’t use up a user seat), we can handle reconciliation ourselves without disrupting your day.
An Accountant That Understands Your Business
We specialise in e-commerce, so we already understand how Shopify businesses operate. That means fewer back-and-forths, faster answers, and advice that’s actually relevant to how you sell.
Accurate Platform and Marketplace Payouts
Shopify payouts can include thousands of transactions across currencies, tax rates, and platforms. We use A2X to break these down and match them to your books accurately—handling fees, refunds, and gateway deductions along the way.
Guiding You On VAT/GST Registrations in Other Countries
E-commerce businesses often need to register for VAT or GST overseas. We manage the process end-to-end, from registration to filing, across all major regions.
Industry-Specific Experience
Our work is focused entirely on e-commerce, so we don’t need a learning curve to get your numbers right.
- Revenue Reconciliation: We reconcile Shopify payouts across payment methods and sales types using A2X—no manual work or unclear reporting.
- Inventory Handling: We account for staged supplier payments and ensure stock movements and COGS are reported accurately in Xero.
- Support with Acquisitions or Exit: We prepare your financials for a sale or acquisition, support due diligence, and connect you with buyers when you’re ready.
- Knowledge of Third-Party Integrations: We integrate your Shopify store with accounting platforms and payment gateways like PayPal, Klarna, Amazon Pay, and Stripe. Net settlements, transaction fees, and payouts are all reconciled automatically for reliable records.
Expertise in International Tax and Accounting
- VAT/GST Compliance: We register, file, and manage indirect taxes across all major markets so you’re charging and remitting tax correctly in each country.
- Double Taxation Relief: We help you use the UK’s tax treaties to avoid unnecessary duplicate taxes.
- Digital Services Tax: We stay on top of DST rules and make sure you meet obligations in countries where it applies.
- Cross-Border Accounting: Multi-currency, multi-region transactions are tracked and reconciled accurately in your financials.
Financial Reporting for Shopify Stores
- Tailored E-commerce Reports, Meaningful KPIs: Get custom views of revenue, costs, and margins by product, region, or sales channel. Our management reporting packs include meaningful KPIs with relevant trend analysis. We can help you to analyse your vital KPIs like converse rates and average order value.
- Inventory Valuation: We factor in unsold stock, returns, and goods in transit for accurate month-end valuations.
- Cash Flow Forecasting: Forecasts are built from real-time Shopify data to help you plan inventory, campaigns, and supplier payments.
- Statutory Year-End Accounts: We prepare compliant UK GAAP reports for Companies House, lenders, or investors.
Growth Advisory
- Forecasting That Matches Your Plans: We build forecasts around your goals—new markets, product launches, or investment.
- Profitability Analysis: Identify which products, customers, or regions generate the most profit and where to cut back.
- Cash Flow Strategy: We help free up working capital tied up in stock or payment terms, so you can grow without cash pressure.
- Advisory Support: From market expansion to pricing strategy, we offer financial advice that matches your business model.
- Funding and Investor-Ready Packs: We create the financials and forecasts you need to secure loans, raise funds, or support a pitch.
Why Shopify Sellers Choose Elver E-commerce?
- Fully Integrated Tech Stack
- Collaborator Access for Seamless Support
- KPI-Driven Financial Reporting
- Dedicated E-Commerce Specialists
Set up a non-obligatory consultation and learn more about how we can help your Shopify store grow globally.
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Frequently Asked Questions About Shopify Accounting
I sell on multiple platforms, not just Shopify. Can you handle that too?
Yes. We work with omni-channel e-commerce businesses selling across multiple platforms. If you’re selling on Amazon, eBay, TikTok, or your own site alongside Shopify, we can manage the accounting across all channels. The more complex your setup, the more value we can bring by keeping everything clean and connected.
Will I need to send you reports every week?
No. We connect directly with your sales platforms through tools like A2X, so we don’t need manual sales reports. What we typically need from you are purchase invoices (which can be automated), bank statements, and monthly inventory valuations—nothing beyond that unless there’s something unusual.
Can you manage VAT/GST registration and filings for my international sales?
Yes. We handle VAT, GST, and other indirect tax registrations and filings globally. If you’re selling into the EU, Australia, Canada, or beyond, we can manage the compliance.
How much does your Shopify accounting service cost?
Costs vary based on the size and structure of your business and the services you need. We’ll walk through your setup and provide a tailored proposal with a fixed monthly fee.
Can you help me reconcile payments from Shopify, PayPal, and Klarna?
Yes. Reconciling payouts from multiple gateways like Shopify Payments, PayPal, Klarna, or Stripe is a common challenge. We automate this as much as possible and ensure it’s done accurately, so your books reflect what you actually received and when.
Do I need to be VAT registered to start working with you?
No. If you’re not VAT registered yet, we can help you assess when it makes sense and handle the registration when the time comes.
