Ecommerce Accountant Manchester for Marketplace Sellers
Fees, refunds, storage and deductions need separating from gross sales before reliable accounts can be prepared.
An ecommerce bank receipt is rarely the same thing as gross sales. Marketplace fees, refunds, payment processors, stock and VAT can sit between the customer order and the amount arriving in the bank.
The accounting system should reconstruct what happened on each sales channel rather than treating net marketplace settlements as turnover.
Tell us the platforms, countries and main accounting or tax issue.
The platform determines the accounting data available; it does not determine the tax answer.
Fees, refunds, storage and deductions need separating from gross sales before reliable accounts can be prepared.
Payment processors, refunds, shipping and VAT should reconcile from order data through to the bank.
Duplicate revenue and inconsistent VAT treatment become risks where systems are not integrated properly.
Stock, landed costs, overseas suppliers and international VAT can materially alter margins.
Year-end company reporting.
View service → VATRegistration and UK VAT returns.
View service → International VATCross-border sales and imports.
View service → PayrollEmployees and directors.
View service → Owner & Director TaxProfit extraction and owner tax.
View service → HMRC SupportVAT and wider tax enquiries.
View service →Reliable ecommerce accounts should connect orders, marketplace reports, fees, refunds, payment processors, VAT, stock and bank settlements.
Usually not. Marketplace settlements can be net of fees, refunds and other deductions, so gross trading activity needs to be reconstructed.
No. Shopify is a sales platform. The business remains responsible for understanding the VAT treatment applicable to its transactions.
Where the business holds goods for resale, closing stock can materially affect reported profit and should be recorded appropriately.
Potentially. The destination, customer type, goods location and selling arrangement can all matter.
Business fees can often be relevant expenses, but they should be identified and recorded correctly rather than netted invisibly against revenue.
Yes, provided the relevant marketplace, payment and bank records are available and the work is included in scope.