ECommerce Accounting

We work with a wide selection of platforms, allowing for easy integration with your existing eCommerce site, and giving you cloud access to see your data anytime anywhere.

Getting your website off the ground and making sales is one thing, but as sales start to increase, you’re going to need a suitable solution to handle your accounts and ensure your business stays on track.

With an appropriate accounting solution for your eCommerce platform, you can ensure continued success for your business, and a tight grip on your finances.

We can guide you through how eCommerce platforms work, and the importance of accounting for eCommerce platforms.

ECommerce: The Basics

What is an eCommerce platform? eCommerce, essentially, is the name for buying and selling goods online. An eCommerce platform is where these transactions take place and describes popular stores like Amazon and eBay through to smaller or more specialist sellers.

eCommerce applies to several kinds of businesses, including online stores, business websites, business services such as memberships, donations and events and digital products such as software, apps and music. These types of transactions are split into different categories, including:

• Business to business (B2B)
• Business to consumer (B2C) most common
• Consumer to business (C2B)
• Consumer to Consumer (C2C)

Setting up an eCommerce store

Setting up an eCommerce store has become simpler over the years, with various platforms existing to help people get their online ventures up and running. You’ll need several elements to bring your eCommerce store together, allowing you to process transactions and manage your accounts.

Point of Sale (PoS) tools

To enable people to purchase goods or services from your website, you’re going to need a point of sale (PoS), as you would in a physical store. This is what makes it possible for payments to be processed. Some of the most popular PoS tools for eCommerce platforms include:

Popular eCommerce tools

eCommerce platforms provide users with the tools they need to get started, they will integrate with your chosen PoS tools to help you manage your online store. Some of the most popular eCommerce tools include:

Accounting for eCommerce platforms

The problem

eCommerce platforms can help you get up and running with your business. But a key issue that many business owners face is not being able to link their platform to their accounting in a way that makes it easy to process transaction volume, VAT, etc.

Why is this an issue?

Once eCommerce ventures start increasing their business volume, it becomes more difficult to handle and process accounts. This can lead to missed payments, issues with stock levels, and difficulty in processing orders.

However, with the right accounting team at your side, you can manage this process seamlessly and effectively, helping your business to grow online successfully.

At Together Accounting, we’re certified users of a range of cloud-based accounting products, which allow us and you to manage your business’ finances easily online. Having at-a-glance, easy-to-read software can help you to stay on top of your business and make easier decisions based on real-time figures.

Some of the key features we provide include:

• Setting up online dashboards
• Providing a custom user experience
• Providing ongoing user support
• Migrating historical data

Whether you have an existing solution or you’re looking to set up a brand new eCommerce venture, we can help.