Supporting an E-Commerce Business with End-to-End Accounting
Background:
An e-commerce brand selling across Amazon, Shopify, and Walmart faced reconciliation nightmares due to different platforms and tax obligations across states.
Challenge:
- Multi-platform sales data lacked integration.
- Thousands of daily transactions across currencies.
- Difficulty tracking sales tax and compliance obligations.
Solution:
We implemented a customized accounting automation system integrating all platforms, introduced inventory tracking, and ensured sales tax compliance across 22 states.
Results:
- Reduced monthly reconciliation time from 15 days to 2 days.
- Increased gross margin tracking accuracy by 95%.
- Eliminated compliance risks and late fees.
Impact:
The client expanded into 3 new marketplaces with confidence, knowing their finances were under control. Their profits rose by 28% in the first year of engagement with us.
