eCommerce & retail

An accountant who gets your business

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The world of e-Commerce is a rapidly changing landscape, with new technologies and payment gateways emerging all the time - and a basketful of ever-changing legislation governing everything from VAT to distance selling.

It’s crucial, therefore, to have an accountant that can keep pace. An accountant who can speak the language of e-Commerce and retail, and provide a genuinely consultative service rather than just the typical end-of-year totting up.

If your business is already online or tech-savvy, you’re perfectly placed to benefit from cloud accounting software too.

Our platform of choice, Xero, can be fully integrated with leading eCommerce solutions like Shopify or Magento and retailing apps, such as iZettle  - meaning automatic updates to your books every time you make a sale.

How we help

By integrating Xero with your e-Commerce platform, we not only help automate much of your book-keeping, we also gain real-time insight into your key figures.

This enables us to provide informed business advice, cashflow projections, tax planning and more, while helping you better understand your sales patterns and inventory needs.

With years of experience in the retail, digital and e-Commerce worlds, we’ll also be able to provide tailored advice on VAT issues, distance-selling regulations and other tax matters, directly affecting your retail and/or online business.

  • Core accounting: Statutory accounts preparation, corporation and self-assessment tax returns, quarterly VAT returns, payroll & auto-enrolment and bookkeeping services.
  • Management accounts: Regular reporting and reviews on your businesses key performance indicators (KPIs).
  • Business growth advice: As your virtual CFO, we'll help you develop your business plan and review progress regularly, offering expert financial advice.
  • Xero: We’ll supply Xero’s online accounting package, plus help you get set-up properly and provide year-round support with add-ons when required.
  • Wages to revenue: You need to know the amount of revenue created against your shop or online store’s wage expenditure. If this ratio sees more revenue than wage expenditure, you’re on the right path. If it’s the opposite, it’s time to look at how things can be improved.
  • Number of transactions or customers: Tracking how many customers visit or enter your store against how many sales are made will show you how successful your business is at converting sales. Now you have this figure you can cross reference it against your financial reports and see where you need to optimise stages in the sales process.

All done? Great – then give us a call and we’ll go through all the services you need in more detail. And of course if you can’t decide, or you’re not sure exactly what you need, we’re happy to help.

Get in touch

The unique challenges (and tax implications of selling online)

According to recent figures, e-commerce now accounts for 10% of everything we buy - with online sales doubling their share of the retail market in the last ten years*.

In this ebook, we’ll look at the pros and cons of the various e-commerce options, while identifying some of the tax and accountancy implications that come with online sales.

This ebook covers:

  • The different kinds of e-commerce seller
  • The tax implications of distance selling
  • Smarter selling for a better bottom line...

Download our latest eBook, where we look at the pros and cons of various e-commerce options


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