Service eCommerce Marketplace
Business is essential for our lives. Anyone wants to sell everywhere from anywhere! Therefore, E-Commerce Marketplaces are introduced.
E-Commerce Marketplaces
Business is essential for our lives. Anyone wants to sell everywhere from anywhere! Therefore, E-Commerce Marketplaces are introduced. Most famous marketplaces are Amazon, eBay, Shopify, Wal-Mart and Etsy etc.
Our QuickBooks Magician Team is expert for many marketplaces for Bookkeeping. We Provide Accounting and Bookkeeping Services for different E-Commerce Marketplaces, so the brief introduction of some e-commerce marketplaces is as under:
Amazon
a) We have greatest skill for Bookkeeping of Amazon; we can show your profit & Loss with Amazon and Amazon FBA Fees’ such as:
- Amazon Referral Fee on Item Price
- Amazon Shipping Chargeback
- FBA Weight Handling Fee
- FBA Pick & Pack Fee
- FBA Order Handling Fee
b) As you know Amazon transfers amount after 14 days to Business Checking Account. We can record all transactions of 14 day into QuickBooks for Bookkeeping and then match transfer with your bank account. The Processing Procedure we adopt is as under :
- Download of payment report from Amazon Seller
- Prepare on MS- Excel Spread Sheet in a specific format according to client requirements and
- Enter all transactions into QuickBooks; (Sales Receipts, Credit Memos with fees and others)
- Then we reconcile Amazon Seller amount with transfer amount
eBay
We can reconcile eBay marketplace with the following steps:
- Download Orders from eBay Marketplace on monthly basis
- Prepare Orders on MS-Excel with eBay Fee
- Enter Orders into QuickBooks
- Then match sales amount with the Bank Transfer Amount
Shopify
We can reconcile Shopify marketplace with the following steps:
- Download Orders from Shopify Marketplace on monthly basis
- Prepare Orders on MS-Excel with Shopify Fee
- Enter Orders into QuickBooks
- Then match sales amount with the Bank transfer amount whether it is weekly or monthly basis
In this way we can reconcile all other e-commerce marketplaces with 100 accuracy; showing below:
- Wal-Mart
- Woo-Commerce
- Big-Commerce
- Sears Commerce
- Bonanza
- Etsy
- New Egg
- Rakuten