Accounting for Amazon sellers
Know what you actually earn once fees, returns and taxes are taken out.
What the service includes
Amazon payouts bundle sales, refunds, fees and taxes. We break them down so your books show your real sales and your margin per product.
- Reconciliation of payouts and settlement reports
- Fee breakdown: commissions, shipping, storage, advertising
- Inventory and cost of goods sold tracking
- GST, QST and other provinces’ sales taxes
- Foreign-currency sales and exchange gains or losses
- Profitability reports by product
Good to knowThe deposit you receive is not your revenue: the marketplace has already taken out its fees and, in some cases, taxes it collects itself. Reporting the deposit as income distorts your sales and your taxes.
Who this service is for
Sellers who ship their own orders
You manage your inventory and want books that follow your sales.
Sellers who use Amazon’s warehousing
Your inventory sits in several warehouses, sometimes outside Quebec.
Brands that also sell elsewhere
You sell on Amazon, on your own online store and in stores.
How it works
Connection
We retrieve your sales and settlement reports.
Reconciliation
Each payout is broken down and matched to your bank account.
Reports
You see your sales, your fees and your margin per product.
Frequently asked questions
Do I have to charge GST and QST on my Amazon sales?
It depends on your registration, your customers and the marketplace’s role in the sale. We work out with you who collects what.
I also sell in the United States. Does that complicate things?
Somewhat: currencies, U.S. sales taxes and customs duties come into play. We account for them in your books and refer you to a U.S. specialist when needed.
Can you work from my Amazon reports?
Yes. We use your settlement and transaction reports as the starting point.
Let’s talk about your business
A first meeting to review your accounting and your human resources needs.
- Phone
- 263 866-0018
Request a consultation
Tell us what you need and we will get in touch.