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 & Payment Gateways
Business is essential for our lives, and with the rise of E-Commerce Marketplaces like Amazon, eBay, Shopify, Wal-Mart, and Etsy, anyone can sell anywhere from everywhere. Our QuickBooks Magician Team specializes in providing expert accounting and bookkeeping services for these marketplaces, as well as for various eCommerce payment gateways such as PayPal, Stripe, Shopify Payments, Authorize.Net, Square, and First Data. We ensure accurate recording and seamless reconciliation of financial transactions, tracking sales, fees, refunds, and disputes, while keeping your financial records organized and compliant, whether you’re processing payments online, in-store, or through mobile transactions.
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
TikTok
As TikTok emerges as a powerful platform for eCommerce, keeping track of sales and financials is crucial for TikTok merchants. Our TikTok Bookkeeping Services are tailored to help you manage the financial aspects of selling on TikTok’s marketplace. We handle all the details, from transaction tracking to payment processing, inventory management, and tax compliance. We ensure that all your TikTok sales are properly recorded, so you can focus on content creation and growing your audience. Our services provide you with accurate, up-to-date financial data, helping you make informed decisions while keeping your business compliant with tax laws.
PayPal
As one of the most widely used online payment systems, PayPal is an essential tool for many eCommerce businesses. Our PayPal Bookkeeping Services help you manage and reconcile PayPal transactions, including sales, fees, refunds, and chargebacks. We ensure that your PayPal account is accurately integrated with your accounting system, providing real-time data that supports better decision-making. Our team also helps you with tax reporting and keeps your financial records in compliance with local and international regulations, so you can focus on growing your business without worrying about PayPal-related discrepancies.
Stripe
Stripe is a powerful payment gateway that many businesses use to process payments for both physical and digital products. Our Stripe Bookkeeping Services ensure that all your Stripe transactions are properly recorded, including sales, transaction fees, and refunds. We integrate Stripe with your accounting software, making it easier to reconcile payments, track fees, and manage cash flow. Our team also ensures that your financial data remains tax-compliant, helping you avoid potential errors or audit risks while keeping your records clean and accurate.
Shopify Payments
For merchants using Shopify Payments, our Shopify Payments Bookkeeping Services help streamline the management of your payments. Shopify Payments is an integral part of the Shopify ecosystem, and we ensure all transactions, payment processing fees, and refunds are accurately recorded. Our services include monthly account reconciliations, tracking your payment processor fees, and providing clear financial reports to help you assess the profitability of your store. We work directly with Shopify to ensure your financial data flows seamlessly into your accounting system, reducing manual work and providing you with a comprehensive view of your store’s performance.
Authorize.Net
As a trusted payment gateway, Authorize.Net processes payments for a wide range of eCommerce businesses. Our Authorize.Net Bookkeeping Services track and reconcile all payments processed through the platform, including sales, refunds, and fees. We ensure that each transaction is accurately recorded in your accounting system, making it easier to manage your financials. Whether you are dealing with recurring payments or one-time transactions, our team helps you stay organized and tax-compliant by providing reliable bookkeeping and accurate financial reporting.
Square
Square is not just for in-person transactions—it also supports online payments, making it essential for businesses with both physical and online sales. Our Square Bookkeeping Services help track and reconcile Square payments, fees, and sales data. We ensure all your transaction records are properly categorized, allowing you to manage both online and offline payments in one place. Our team also assists with managing any potential discrepancies, such as chargebacks or disputes, and provides detailed financial reports to help you assess your business’s performance across all payment channels.
First Data
First Data is a leading payment processor used by many businesses for secure, reliable transactions. Our First Data Bookkeeping Services ensure that all transactions, including sales, fees, and refunds, are accurately recorded in your accounting system. We provide seamless integration between First Data and your financial software, ensuring that your records are always up to date. Our team also helps you stay on top of payment reconciliation, cash flow management, and tax compliance, providing a holistic view of your business’s financial health and helping you make data-driven decisions.
Payment Gateway
In addition to major platforms like PayPal and Stripe, we specialize in managing bookkeeping for a wide range of eCommerce payment gateways.
We provide expert bookkeeping support for platforms such as:
- Braintree – Mobile and web payment processing with full transaction reconciliation
- AfterPay – “Buy now, pay later” solutions with installment tracking and fee categorization
- BluePay – Secure credit card payment processing with detailed fee and settlement breakdowns
- Jet.com – Marketplace sales data consolidation and reconciliation
- NMI – Payment gateway management with multi-channel transaction tracking