Accounting for E-commerce and retail
Serving businesses in USA
E-commerce and retail businesses generate a high volume of small transactions across channels: marketplace settlements, payment gateways, returns, discounts and stock movement. The books only stay reliable if sales, fees, refunds and inventory are reconciled every month and indirect tax is filed on time in every state or country you sell in.
Who we work with
- Online stores and direct-to-consumer brands
- Sellers on marketplaces
- Retail shops and multi-outlet retailers
- Cross-border sellers shipping to customers abroad
What makes the accounting different
The points that most often decide whether the books and filings are right for e-commerce and retail. In USA, indirect tax is sales tax.
Marketplace and gateway reconciliation
Settlements arrive net of fees, returns and tax collected at source, so sales, commissions and bank receipts have to be matched line by line.
Inventory and cost of goods
Profit depends on correct stock valuation, purchase costs and write-offs.
Multi-state and cross-border tax
Selling in several states or countries creates registration and filing obligations, such as GST in India and sales tax in the USA.
Returns and refunds
Returns affect revenue, stock and tax, and need to be recorded in the right period.
What Livida handles in USA
Bookkeeping and reconciliation
Monthly books with marketplace, gateway and bank reconciliation, and receivable and payable tracking.
Indirect tax registration and returns
GST, VAT or sales tax registration and periodic returns, including annual returns where required.
Licences and brand protection
Shop and establishment, food licences where relevant, and trademark registration for your brand.
Company and tax compliance
Company formation, annual filings and income or corporate tax returns.
Bookkeeping is available in every market we serve. See the full list of services in USA or compare countries.
Frequently asked questions
Can you reconcile marketplace settlements with my books?
Do I need to register for GST or sales tax in more than one place?
Talk to us about accounting for e-commerce and retail
Tell us about your business and we will outline how Livida can support it.