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eCommerce Accountants from LedgerGurus

The Best Business Decision You Will Make

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Do You Need an eCommerce Accountant?

You didn’t go into business to become an accountant, but your ecommerce business needs expert e-ecommerce accountants. You have your hands full with trying to get your sales up, developing your product, working with manufacturers, developing relationships with vendors, and building a marketing strategy. 

All these other pieces are easier to tackle when you have solid, reliable numbers to make good business decisions in real time. Ecommerce accounting is hard, and you don’t need one more big learning curve in your life right now, especially one so easily outsourced.  

Your business needs answers to questions like these: 

  • How much inventory do you have? What is it worth? 
  • What are the costs of your goods being sold? Are you selling profitably? 
  • How much are you making in sales after discounts, returns, and all the fees of selling? 
  • Is your business profitable? 
  • Which sales channel is generating the most profits (not just the most revenue)? 
  • Is ecommerce sales tax becoming an issue? Are you compliant where you have nexus? 

If your current approach isn’t giving you the answers you need, an ecommerce accounting firm can help.

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Why Do You Need a Specialized eCommerce Accountant?

eCommerce accounting is very different from other types of accounting because the deposits that hit your bank account from your sales channels are NOT your true income numbers. 

A regular accounting service leaves out a great deal of vital information.

So much goes on in your sales channels before those deposits ever hit your bank account – sales, refunds, sales tax, lending & channel fees, fulfillment & warehousing fees, shipping, etc.

An ecommerce specialist accountant must be comfortable with the channels a client is selling on, not just their bank and credit card accounts.

There are unique challenges that come from selling on ecommerce channels: 

  • Timing issues 
  • Huge volumes of transactions 
  • Complex inventory management 
  • Product returns management 
  • Payment processors 
  • Sales tax nexus  
  • Calculating COGS accurately 

Accountants and bookkeepers who are not well-versed in the complexities of ecommerce accounting may not know how to handle these issues and could end up making a bigger mess than you started with. 

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eCommerce Accounting is Different

Spending too much time trying to get your accounting right?

Constantly training your bookkeeper or accountant?

Trying to find the budget to hire someone that can do it right?

What Does an eCommerce Accountant Do?

You’re a business owner of a thriving consumer products company built on ecommerce. You’re asking the question, “What does an ecommerce accountant do?”

Don’t mix up an ecommerce accountant with the main street accountant who takes any customer or the bookkeeper with signs on the corner for cheap monthly prices.

An ecommerce accountant must deal with the complexities of selling online including online sales platforms and marketplaces, inventory complexities, multi-state sales tax challenges, and everything else that goes into selling online. 

An ecommerce accountant needs to: 

  • Account for correct revenue timing across ecommerce platforms, marketplaces, and payment processors
  • Ensure sales tax is collected, filed, and paid 
  • Account for the flow of inventory and calculate COGS correctly 
  • Manage the regular business financial operations, such as payroll, bill payment, and accounts receivable
  • Deliver accurate financials with insights on financial activities
  • Support cash flow planning with focus on the challenges of inventory purchases, shipment, and delivery
  • Support the correct implementation and use of inventory tools
  • Support budgeting and forecasting that aligns with the client’s business strategy 

Why Choose LedgerGurus as Your Accountants for eCommerce?

LedgerGurus is a cloud-based, ecommerce-specialized accounting firm, headquartered in Utah. We relieve the stress and overwhelm our clients feel by freeing them from their accounting headaches.  

We help our clients succeed by giving them solid, reliable numbers to build their businesses with. 

All of our ecommerce CPAs, accountants, and bookkeepers at LedgerGurus have been working 100% remotely since our founding in 2014. We span the United States and serve clients across the United States and even other parts of the world.

Because we are 100% remote, we understand how to serve ecommerce sellers. We accommodate our customers’ unique challenges by using the communication technologies that best suit them. By doing so, we can provide direct, timely answers to questions and concerns. This means that we can be awesome ecommerce accountants for you, even if we’re not near you geographically.

In addition, we are familiar with and implement the latest accounting technology to improve our clients’ experience. 

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eCommerce Accounting Resources

For an ecommerce business that is just starting out, hiring an e-commerce accountant is likely too expensive. But, our ecommerce accounting gurus have worked hard to provide you with the resources you need to get started. As your business grows, so will your accounting needs. Then it’s probably time to reach out to the gurus.

For now, we have plenty of resources that come from the expertise of our gurus who handle ecommerce accounting every, single day. From our YouTube channel with DIY tips, to our downloadable guides on sales tax compliance, inventory, accounting, and financial operations, to our courses, we have the backs of small sellers.

Why hire ledgergurus to do your ecommerce accounting

What Our Clients Are Saying

“I have confidence when we’re giving someone a P&L or a balance sheet it’s good . . . the numbers are spot on.”

Beddy's -LedgerGurus
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“They are used to doing e-commerce [accounting]. . .This team knows exactly what they are doing.”

rags clothing company
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“LedgerGurus has helped… us know where we need to steer the ship. They give us numbers we trust and we know are accurate.”

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Technology Partners

As with so many other industries, accounting is being transformed by technology. The future of accounting cloud-based and mobile-friendly, making for easier access, a better experience, and new levels of productivity.

We are giving a bear hug to this new accounting approach with expertise in many of the accounting technologies that are improving business finance.

eCommerce Accounting Integration
Accounting
Inventory Management
Inventory Management
Bill Management
eCommerce Analytics
eCommerce
eCommerce
eCommerce
eCommerce
eCommerce
eCommerce
Payments
Payments
Payments
Payments
Buy Now, Pay Later
Buy Now, Pay Later
Expense Management
Expense Management
Virtual Credit Card
Payroll
Payroll
Virtual Credit Card
Sales Tax
Sales Tax
Sales Tax
Time Tracking