There’s no getting away from it – Shopify is complicated. You need to manage listings, customer service and refunds, fulfilment, order products, manage staff etc. The last think you need is to have to worry about the accounting and taxation implications. That’s where a specialist offering dedicated Shopify Accountant 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 Shopify. 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 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 system like Linnworks or Expandly which will also impact your accounting process.
At Elver Consultancy we work with Shopify Accounts on a daily basis and use applications like Xero and A2X to streamline the accounting process. If you would like to know more, please give us a call.