Accountants for eCommerce
Do you feel the following?
Unsure how to integrate sales from Shopify to Xero/QuickBooks?
Worried about the VAT rules for your online store?
Lack visibility of profit and cash flow?
We can help
As specialist eCommerce accountants we know your pain points and can provide the solutions you’re after.
Helping you grow your online store
At Raw we understand just how fast paced and competitive the world of eCommerce is, with lots of our clients selling on Amazon and Shopify. We know you’ve got your head in freight and logistics, website updates and developing marketing campaigns, so let us save you time and hassle by supporting with the finances.
Along with offering all the traditional things you’d expect from your accountant such as bookkeeping, year-end accounts and tax returns, we bring first-hand experience of working with eCommerce businesses. We know all about the unique requirements of your industry. We also adopt an integration mindset! What does that mean? We prioritise making things as seamless as possible by integrating Xero or QuickBooks with your online store or marketplace so you have access to real-time data. Sound of interest? Talk to us today.
Why choose Raw for your eCommerce accounting services
Experts
We work with lots of eCommerce businesses offering you in-depth knowledge and expertise.
The right tools
We work with the tools and systems you're already using, including Shopify and we integrate these tools with your accounting software such as Xero or QuickBooks. We're modern accountants, up to date with the latest tech and solutions for your eCommerce business.
Go the extra mile
We do more than just keep you compliant - we provide management accounts and cash flow forecasts along with key insights so you know exactly how your online business is performing.
On the same page
We're on your wavelength - we know running an eCommerce business is fast paced and we can keep up!
Your finance team
We provide you with a dedicated finance team which includes a bookkeeper, accountant, and payroll manager who know your business inside out.
Save you time & money
We work hard to save you time and money through tax planning and offering proactive advice to your business.
eCommerce services
What our customers say about us
Accountants for eCommerce - FAQs
What does an eCommerce accountant do?
Specialist eCommerce accountants do all the things you’d expect of a traditional accountant, such as bookkeeping, year-end accounts and tax returns, whilst also providing industry-specific advice. For example, they’ll advise on integrating your eCommerce store with your accounting platform, inventory and cash flow management and will provide expert VAT advice. All things we at Raw can support with.
What is the basic accounting for eCommerce?
Basic accounting for eCommerce businesses includes capturing all sales from your online store, reconciling income from various payment service providers, adding supplier purchase invoices and making payments to suppliers.
Whilst these requirements are not unique to the eCommerce industry, the volume of transactions means things can quickly get out of control. It’s safe to say we have seen our fair share of disasters where clients have been DIY’ing their accounts or using traditional accountants who don’t get eCommerce.
Do you need an accountant for Shopify?
If you have a growing Shopify store/are looking to increase your sales it’s worth finding an accountant who can support you with this. Specialist eCommerce accountants, like ourselves, have first hand experience working with businesses like yours and can provide sector specific insights.
How can an eCommerce accountant help with VAT?
They’ll help you navigate the various VAT implications of distance selling. With new EU VAT rules now in force and things always changing – a specialist eCommerce accountant will keep you compliant and in the know. Providing VAT advice to online sellers is part of our everyday and something we’re able to support you with.
Why is integration important to an online seller?
Integration is fundamental to an online business. With sales taking place day or night it’s super important that your foundational processes are integrated and automated. Having your cloud accounting software such as Xero or QuickBooks integrated with your Shopify or Amazon store means:
Sales appear in real time
Manual data entry is a thing of the past
Errors associated with manual processing are reduced, for example with non-UK sales which may not be subject to VAT
Associated selling costs like Shopify fees are tracked in real time
You get an up-to-date view of where the business is at and can make decisions based on this data
You see the same data in your online store and your accounting software
What integration options are right for eCommerce stores?
The best integration options for you will all depend on your business/the platform you’re selling from and the accounting software you’re using. It’s really important to get systems properly set up, integrated and automated and this is something we at Raw can help with.
Does an eCommerce accountant need to be local?
Previously business owners looked for a local accountant. The reality is the world has changed. Your customers are likely spread across the UK, in the EU and perhaps even further afield. They come to you because they trust you and want the best. The same is true for us. We work with businesses across the UK so do get in touch today.
Switching accountant is as simple as 1 – 2 – 3.
If you’re interested in working with us then there are just 3 simple steps for you to become a client.
We’ll have a short introductory chat, get to know your business and give you a fixed fee quote.
If you want to go ahead, we do all the legwork and contact your previous accountant for you allowing you to get on and run your business.