Inform Accounting | eCommerce

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The world of eCommerce 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 eCommerce 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 WooCommerce 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 eCommerce platform, we not only help automate much of your bookkeeping, 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 eCommerce 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.

Informed Accounting Services

A QUICK SUMMARY

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.

E-Commerce & Retail KPIs

WHAT WE'LL HELP YOU TRACK

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

Ebook

An introduction to ecommerce

Each and every e-commerce business model provides a unique set of challenges, and finding the right platform for you is key to sales success. In this ebook, we look at the pros and cons of various ecommerce options, while identifying some of the tax and accountancy implications that come with online sales.

Get the guide

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