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E-commerce Business

E-commerce Accounting

Choose Expertbells to manage Accounting for E-commerce Business.
Starting at Rs. 2,500/- Rs. 4,500/- onwards
  1. Completely hassle free accounting process.
  2. Dedicated Accountant for you.
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About Us

  E-commerce Accounting

Just like in any other industry, in E-commerce, it’s impossible to accurately handle your finances if you don’t keep your financial records in order. This is where e-commerce accounting comes into picture. Keeping your payables and receivables under control, together with other payments, is a major prerequisite for a steady and well-planned growth in e-commerce .

Ecommerce accounting refers to collecting, analyzing, organizing, and reporting financial data related to business transactions and assets within an e-commerce business. All the financial information that ecommerce entrepreneurs obtain via these procedures are important foundations for making future business decisions . Accounting consists of three key categories:

  1. Bookkeeping
  2. Reporting
  3. Submitting tax returns
Process

Process of E-commerce Accounting

Get Expert Advice

Get Expert Advice

You can get expert advice on e-commerce accounting services by sending us copy of books.

Analysis of Books and verification

Analysis of Books and verification

Once you submit the copy of books, our experts will analyse and will send you the final entries for verification.

Preparation of Balance Sheet

Preparation of Balance Sheet

We will prepare Balance Sheet once final entries are approved.

Completion of work

Completion of work

Once the Balance Sheet is prepared, the books of accounts will be finalized & sent to you.

Benefits

Advantages of E-commerce Accounting

Cost effective

Cost effective

With the help of online accounting, it would be more cost efficient rather than spending a bulk of amount on an accountant.

Enhance Efficiency

Enhance Efficiency

It can save time and the time saved can be used in other productive activities which are directly related to the revenue earning potential of the organization.

Access to Financial Information

Access to Financial Information

The business owners can access accounting data anytime, anywhere using PC, Laptop, Tablet or Mobile phone.

Improved Invoicing

Improved Invoicing

This is one of the basic tasks which every business has to do regardless of its size or industry. So with the help of online accounting you can make a professional business invoice.

Documents

Documents required for E-commerce Accounting

  • Purchase Documents
  • Sales Documents
  • Bank Statements
  • Investment Documents
  • Expense Documents
Note - in case of NRI or Foreign National, Documents of director(S) must be notarized or apostilled.
Compliance

Services related to E-commerce Accounting

  • Recording of entries for the completed financial year
  • Preparation of Ledger Accounts-Cash, Sales, Purchases, Expenses
  • Preparation of Receipts and Expenses Statement/Profit and Loss Account
  • Preparation of Balance Sheet
  • Bank Reconciliation Statement
  • Statement of balance of Account Receivables and Payables
  • Stock Summary
  • Statement showing summary of all the transactions
Packages

Packages

Basic (Monthly Package)

Basic

Rs.4,500
Rs.2,500
18% GST will be charged extra

What's included

  • Monthly Accounting Services
  • Input Tax Credit Reconciliation
  • Payment Reconciliation
  • Preparation of Summary For GST Filing
  • Expert Consultancy
Premium (Monthly Package)

Basic

Rs.6,500
Rs.4,500
18% GST will be charged extra

What's included

  • Monthly Accounting Services
  • Input Tax Credit Reconciliation
  • Payment Reconciliation
  • Preparation of Summary For GST Filing
  • Expert Consultancy

Frequently asked questions

Ecommerce accounting refers to collecting, analyzing, organizing, and reporting financial data related to business transactions and assets within an e-commerce business. All the financial information that e-commerce entrepreneurs obtain via these procedures are important foundations for making future business decisions.

Just like in any other industry, in E-commerce, it’s impossible to accurately handle your finances if you don’t keep your financial records in order. This is where e-commerce accounting comes into picture. Keeping your payables and receivables under control, together with other payments, is a major prerequisite for a steady and well-planned growth in e-commerce.

  1. Bookkeeping
  2. Reporting
  3. Submitting tax returns
  1. Purchase Documents
  2. Sales Documents
  3. Bank Statements
  4. Investment Documents
  5. Expense Documents
  1. Recording of entries for the completed financial year
  2. Preparation of Ledger Accounts-Cash, Sales, Purchases, Expenses
  3. Preparation of Receipts and Expenses Statement/Profit and Loss Account
  4. Preparation of Balance Sheet
  5. Bank Reconciliation Statement
  6. Statement of balance of Account Receivables and Payables
  7. Stock Summary
  8. Statement showing summary of all the transactions

The process of E-commerce accounting starts with our expert advice. Then our experts will analyze & verify books. Once analysis is done, financial statements will be prepared and books of accounts will be finalized.

To ensure efficient workflow, it's crucial to choose the right accounting method. There are two methods. The first is the cash method which lets you record transactions after they’re made. Hence, when cash is deposited or withdrawn from your financial holdings, it will be recorded after the vendor has invoiced your client.

The other method, called the accrual method, records transactions as they occur. Hence, the moment that the money leaves the financial holdings, you can record invoices as an expense. Even if it hasn’t left your client's account yet, the balance will be shown to be modified at once.