E-Commerce Accounting

Accurate Books and Reconciliations Built for Online Sellers

E-commerce businesses face accounting challenges that traditional bookkeeping doesn't address — marketplace commissions, COD remittances, multi-state GST, payment gateway settlements, and inventory spread across warehouses. Getting these wrong distorts margins and creates compliance risk.

We set up and manage accounting systems purpose-built for online sellers on Amazon, Flipkart, Shopify, and D2C platforms, ensuring every transaction is correctly recorded, reconciled, and GST-compliant, so you always know your true profitability.

Our E-Commerce Accounting Services

Marketplace Reconciliation

Matching Amazon, Flipkart, and Meesho settlement reports against actual bank credits, identifying commission, fee, and TCS mismatches.

Multi-State GST Compliance

GST registration, return filing, and reconciliation across states where inventory is stored under marketplace fulfilment models.

Inventory & COGS Tracking

Accurate inventory valuation and cost of goods sold tracking across SKUs, warehouses, and sales channels.

Payment Gateway Reconciliation

Reconciling Razorpay, PayU, Cashfree, and COD collections against orders and bank deposits.

Channel-Wise Profitability

MIS reporting that breaks down margins by platform, product, and region after accounting for fees and returns.

TCS/TDS Under GST & Income Tax

Tracking and reconciling TCS deducted by marketplaces under Section 52 of the CGST Act and TDS under the Income Tax Act.

Why E-Commerce Sellers Need Specialised Accounting

Marketplace settlement reports rarely match bank credits without proper reconciliation
GST compliance requires registration in multiple states under certain fulfilment models
TCS credit claimed in GST returns must match marketplace-reported figures exactly
High return and cancellation rates distort revenue if not tracked separately
Accurate channel-wise P&L is essential for pricing and ad-spend decisions
Investors and lenders expect clean, audit-ready books before funding or credit approval

Frequently Asked Questions

Why don't my Amazon or Flipkart payouts match my sales?

Marketplace payouts are net of commissions, shipping fees, referral fees, and TCS deductions, and are often paid on a delayed settlement cycle. Proper reconciliation maps each payout back to the underlying orders so your books reflect gross sales, deductions, and net receipts accurately.

Do I need GST registration in every state where my inventory is stored?

Yes, generally. If you use marketplace fulfilment centres (like Amazon FBA) that store your goods in multiple states, you typically need GST registration as an additional place of business in each such state, since GST law treats the fulfilment centre as your place of business.

How is TCS under GST different from TDS?

TCS under Section 52 of the CGST Act is collected by the e-commerce operator (like Amazon) on the net value of taxable supplies and deposited against the seller's GSTIN, appearing as credit in GSTR-2A/2B. TDS under the Income Tax Act is a separate deduction on payments and is claimed against income tax liability.

Can accounting help improve my profit margins?

Yes. Channel-wise and SKU-wise profitability reporting reveals which products or platforms are actually profitable after fees, returns, and advertising costs, allowing you to reallocate inventory and marketing spend accordingly.

What records should an online seller maintain for GST purposes?

Sellers should maintain invoices, e-way bills where applicable, stock registers by location, TCS credit reconciliation statements, and marketplace settlement reports, as GST authorities frequently cross-verify seller returns against marketplace-reported data.

Get Your E-Commerce Books in Order

From marketplace reconciliation to multi-state GST, we handle the accounting complexity so you can focus on growing your online business.

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