Amazon Accounting Services Tailored to Your Needs
We handle the numbers, so you can focus on growth!
I’m facing difficulties with the timing of my Amazon transactions.
I’m frustrated with Amazon’s complicated reconciliation and reporting processes.
I’m seeking efficient ways to manage different payment processors.
Product returns are disrupting the revenue and inventory control of my Amazon store.
I’m uncertain what my Cost of Goods Sold (COGS) is or how to determine it.
I’m unsure if I’m handling sales tax correctly, and I need help.
I don’t know how to handle complex inventory matters, like tracking and restocking.
The large number of transactions is overwhelming me and hindering accurate record-keeping.
My accountant doesn’t get it and is making errors that are costing me time and money.
We've helped hundreds of US-based ecommerce businesses take control of their financials.
“LedgerGurus has helped… us know where we need to steer the ship. They give us numbers we trust and we know are accurate.”
“They are used to doing e-commerce [accounting]. . .This team knows exactly what they are doing.”
“I have confidence when we’re giving someone a P&L or a balance sheet it’s good . . . the numbers are spot on.”
Here’s our promise to you:
We provide prompt, precise financials that reveal critical insights.
We then assist you in utilizing those insights to make well-informed, data-based decisions.
So you can get results like these:
You need an Amazon accountant who thoroughly understands your Amazon business.
This is how we build the numbers while you focus on growing your business.
(If on mobile, tap the boxes for more information about the services.)
The Foundation of Your Accounting
This is critically important.
All other accounting pieces are layered onto it for financial clarity.
Our team ensures this data is recorded in a timely, accurate way.
Provides Visibility
Reconciling Amazon sales and payment processors yields crucial insights into channel operations, often obscured by transparency problems.
These insights empower confident, informed decision-making.
Biggest Expense for a Shopify Business
Sales don’t drive your business. Gross profit does.
Our team calculates your COGS and ensures you understand your gross profit position, enabling key business decisions.
Inventory is Your Greatest Asset
Our inventory accounting service meets you where you are and guides you to where you want to be.
Our accrual approach saves you as much time as possible, while delivering accurate numbers.
Financial Statement Deliverables
We provide you with a detailed Balance Sheet and Profit & Loss Statement by the 20th of each month.
We’ll then guide and show you how to analyze the data to make key business decisions.
Monthly Meeting with Your Dedicated Accountant
You will be guided with ongoing financial insight into your business.
You’ll learn to analyze the data to make informed, data-driven decisions, instead relying on guesswork.
Additional Services Available
Sales Tax Can Be a BEAST!
It becomes an even bigger issue as you reach nexus in more and more states.
Our sales tax services encompass filing sales tax returns, submitting payments, registering for sales tax permits, and setting up sales tax software.
We Help You Manage Inventory Accounting
We assess your inventory practices, focusing on SKUs, order fulfillment, and integration with online platforms.
For businesses selling on multiple platforms, our team provides guidance on integrating IMS tools for real-time visibility and synchronization.
Get Payroll Accuracy & Timeliness
Payroll processes can expose you to compliance risk and managing that risk can be time-consuming and stressful.
Our payroll service will give you and your team confidence in payroll accuracy and timeliness.
Eliminate Risks to Your Business
Teaming up with us safeguards your business from fraud and mishandling of assets, especially in bill payments.
We establish robust controls for peace of mind, safeguarding your business and staff.
Optimize A/R for Cash Flow & Vendor Management
Accurate and prompt A/R processes significantly impact cash flow.
Our team ensures an accurate A/R balance, providing clarity on paid vendors and those requiring collection services.
Bookkeeping Rescue
Falling behind in bookkeeping and accounting?
You’re in good company.
We can bring your records up to date, as well as tidy up past work for accuracy.
It’s touch. It’s experience. It’s relationships. It’s results.
All in one beautiful package.
Your Time is Important.
Is your time best spent on your accounting?
If the answer is no, let us focus on your Amazon accounting, so you can focus on growing your business & increasing your profits.
eCommerce Specialized
We help your business mature & advance by combining ecommerce-specialized accountants, established processes, and tech solutions, fostering your growth.
A Team To Fit Your Needs
You get more than an accountant or bookkeeper. You gain an entire team of ecommerce accounting experts with years of experience & knowledge dedicated to your success.
Accurate Guidance
We are here to grow with you, providing accurate, reliable numbers to steer your ecommerce decisions.
Timely Answers
We understand the needs of our ecommerce clients. We provide direct, timely answers to inquiries & issues using top-notch technology to enhance your experience.
Here’s how to become an Amazon seller accounting services client…
Application
Fill out the form at the bottom of this page to apply to work with us.
Discovery Call
If you’re a good fit, we’ll arrange a time to discuss your business, so we thoroughly understand your needs and concerns.
Proposal
Based on our discussion, if we’re a good fit to work together, we’ll provide you with a proposal.
Onboarding
Our onboarding process ensures we understand your business and provide the best possible service to meet your needs.
Ongoing Services
Relax and we’ll take care of the rest. Your dedicated accounting manager will review your financials monthly and guide you in making sound business decisions.
FAQs
How much is this going to cost?
Your business is unique and has unique needs. We build our packages to solve your specific frustrations, starting at $350/month.
What accounting solutions are available to Amazon sellers?
There are multiple, but QuickBooks Online is a popular solution for Amazon accounting.
Which accounting software should I use for Amazon accounting?
We recommend upgrading from Amazon’s default accounting options if your ecommerce business is making more than six figures annually. We prefer QuickBooks Online.
Do I need a third-party app for my Amazon accounting?
eCommerce business owners need to determine what they need from their accounting software and apps before picking the best ones. You might benefit from third-party apps such as HubDoc, A2X, or Gusto. We can help you decide.
What should I look for when hiring an accountant for my Amazon business?
Your Amazon accountant should be familiar with sales tax compliance, COGS, and FBA accounting.
Can you handle all of my accounting?
YES! LedgerGurus is set up to either be your complete outsourced accounting solution or simply fill in gaps in your current processes. We specialize in everything from bookkeeping to AP, AR, inventory, payroll, sales tax services and inventory consulting services.
Can you help me if I sell internationally?
Absolutely! We can definitely help you manage the finances for your international sales channels and foreign currency pieces.
Can you implement an inventory management software?
Inventory management software (IMS) can be a game changer for ecommerce businesses. For businesses selling across multiple ecommerce platforms, we offer advice and guidance in integrating inventory management systems to ensure real-time visibility and synchronization of inventory levels across channels.
How do I keep up with changing sales tax regulations for Amazon accounting?
For starters, there’s a Sales Tax Analytics tool available to Amazon sellers. If that’s not enough to help you feel comfortable collecting sales tax, turn to the pros at LedgerGurus for help with physical nexus, economic nexus, FBA nexus, and click-through nexus. We offer sales tax automation software in addition to our personal expertise in Amazon accounting.
Do you do income tax returns?
No. We are passionate about helping business owners build their business with better numbers. We best serve our clients when we focus our efforts on their day-to-day accounting and decision-making. For this reason, we have chosen to not do income tax returns.
Let’s get the ball rolling!
Are you tired of the hassle of Amazon accounting? Let us take it off your plate, so you can focus on growing your business and increasing your profits.
Apply today to work with us.