Provider directory
Accounting and bookkeeping for e-commerce businesses
E-commerce businesses deal with many small transactions flowing through marketplaces, payment gateways and logistics partners, each taking fees before money reaches the bank. Bookkeeping that only looks at bank deposits will not match orders, refunds and chargebacks. A suitable provider can reconcile platform settlement reports, track landed cost for imported stock and keep GST treatment clear for local sales, cross-border sales and goods brought in from overseas suppliers.
In short: E-commerce businesses usually need reconciliation of marketplace and payment gateway settlement reports to orders, fees and refunds and landed cost tracking that includes freight, duties and fulfilment fees in cost of goods sold from a accounting and bookkeeping provider. Check the questions below before you choose, or describe your need and get one to five free introductions.
What e-commerce businesses need from accounting and bookkeeping
- Reconciliation of marketplace and payment gateway settlement reports to orders, fees and refunds
- Landed cost tracking that includes freight, duties and fulfilment fees in cost of goods sold
- Multi-currency handling for overseas suppliers, marketplaces and payouts
- Inventory held at third-party warehouses or fulfilment centres recorded and reconciled
- Separation of advertising, platform fees and shipping costs for unit economics reporting
- Monitoring of taxable turnover against the GST registration threshold as sales scale
Questions to ask a provider
- Which marketplaces, storefront platforms and payment gateways have you reconciled for other clients?
- Do you use connector apps to pull settlement data, and who checks them for errors?
- How do you treat refunds, chargebacks and returned stock?
- Can you show contribution margin per order or per product line?
Pitfalls to avoid
- Recording only net payouts hides platform fees and makes it impossible to see true margins
- Foreign exchange differences on payouts and supplier payments are often left unreconciled for months
- Rapid growth can push turnover past the GST threshold before anyone notices if no one is monitoring it
More on accounting and bookkeeping
Our guide to finding a accounting and bookkeeping provider in Singapore covers typical costs, rules and how matching works.
Accounting and bookkeeping providers in Singapore
Sleek
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Osome
Osome is an AI-enabled fintech company supporting over 40,000 global startups and SMEs. Operating in Singapore, Hong Kong, the United Kingdom, and the United Arab Emirates, we help…
세원회계법인 - Seone Business Solutions Pte. Ltd.
SEONE is a premier Korean accounting firm in assurance, accounting and tax, and advisory services. The insights and quality services we deliver help build trust in the capital…
Margin Wheeler | Company Incorporation Singapore
Margin Wheeler is a leading corporate service provider in Singapore with decades of experience, having successfully incorporated thousands of companies across diverse industries…
VentureHaven Pte Ltd
At VentureHaven, we believe every business has the potential to be a great force for good, and a sustainable change-maker. That's why we support businesses to do what they do best…
Fastcorp Pte Ltd
At Fastcorp, we don't just help you incorporate your company. We help fast-track your growth. Our team consists of experienced professionals with years of legal, accounting and tax…
Accounting and bookkeeping for other industries
- F&B businesses
- retailers
- construction companies
- logistics companies
- manufacturers
- clinics and healthcare practices
- education and tuition centres
- real estate agencies
- law firms
- accounting firms
- consultancies and professional services firms
- tech startups
- beauty and wellness businesses
- hotels and hospitality businesses
Other services for e-commerce businesses
Frequently asked questions
Which marketplaces, storefront platforms and payment gateways have you reconciled for other clients?
Ask each provider this directly and compare the answers in writing. Recording only net payouts hides platform fees and makes it impossible to see true margins
Do you use connector apps to pull settlement data, and who checks them for errors?
Ask each provider this directly and compare the answers in writing. Recording only net payouts hides platform fees and makes it impossible to see true margins
Can FYAdvisers introduce accounting and bookkeeping providers that work with e-commerce businesses?
Yes. Describe your business and what you need, and a concierge confirms your requirements, then introduces one to five providers that fit. It is free for businesses.
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