Accounting for E-Commerce Business Made Simple

We turn Amazon, flipkart, meesho, shopify, fiverr, paytm and other e-commerce platform statements into books, do your accounting, show you how profitable your business is, file your GST and Income Tax Returns. Therefore, it’s your turn now to Get your books of accounts prepared by E-StartupIndia experts and enjoy hassle-free accounting for E-Commerce Business.

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Overview

In today's world, the majority of new businesses are selling their goods and services online. Existing businesses are either switching to e-commerce or launching an e-commerce website of their own.

In the E-commerce format, there are no restrictions on the expansion of enterprises due to the no dependency of a physical shop or geographical boundaries.

Here’s How E-StartupIndia manages Your
E-Commerce Accounting & Taxes

01

We process your Raw Sales Reports downloaded from various E-Commerce portal

02

Record Sales and Purchase. Show you Profit & Loss statement

03

Compute GST Taxes. File Monthly GST Returns

04

Finalize Books of Accounts. File Income Tax Return

Tired of filing GST Returns with E-Commerce Sales Report?
We can make it simple for you…

Amazon

There are currently over 10 million merchants on Amazon India. More than 90% of Amazon's sellers are small and medium-sized companies (SMBs), and more than 50% of these vendors are located in tier 2 and tier 3 cities.

Puzzled up with Amazon MTR Reports? No Worry! Just download the monthly MTR report from Amazon login and send it to our professional.

Flipkart

Flipkart is now India's most popular e-commerce platform.

If you are selling on flipkart, just download the sales report from flipkart platform. Rest we will do.

Flipkart

Flipkart is now India's most popular e-commerce platform.

If you are selling on flipkart, just download the sales report from flipkart platform. Rest we will do.

Meesho

With Meesho, small enterprises and individuals selling from the comfort of their own homes.

Meesho claims to have 17 million resellers, 15 million of whom are female (as per June 2021). In addition, they have 60,000 vendors.

If you’re selling on Meesho, don't be afraid of doing GST and Accounting Compliance with complicated Meesho reports. Download Forward, Reverse Shipping & Reverse Report and Send to us.

Myntra

Myntra, a fashion online retailer and e-commerce business, was purchased by Flipkart for $300 million in 2013.

Myntra

Myntra, a fashion online retailer and e-commerce business, was purchased by Flipkart for $300 million in 2013.

Paytm Mall

Increasingly, this Paytm Mall is becoming the go-to O2O platform in the country. It has grown by more than 200 percent in 2019.

If you are selling on paytm mall, just download the sales report from paytm dashboard. Rest leave on us.

Trusted by e‑commerce sellers across India

93
%

of Sellers Recommend us

3000
+

E-Commerce Sellers doing GST Return filing with us

2000
+

Getting bookkeeping and ITR filing from us.

50000
+

Users creating Invoice with Instabill Software

Benefits of Bookkeeping and Accounting for E-Commerce Business

Easily file GST Returns
Easily file GST Returns

GST-registered e-commerce businesses must submit GSTR-3B and GSTR-1 each month.

A penalty of Rs 100 under CGST and Rs 100 under SGST per day will be imposed if the GST return is not filed on time. The total cost every day will be Rs 200. There is also a late charge and annual interest of 18 percent.

Additionally, the procedure of GST Return Filing for several firms is cumbersome and time consuming. Hence, outsourcing Bookkeeping and Accounting for E-Commerce Business enables you to file accurate GST returns online, easily and on-time.

Timely filing of GST Return helps you claim ITC on Purchase and TCS deducted by E-Commerce platforms.

Ease of ITR Filing
Ease of ITR Filing

Regardless of whether a business sells products or services offline or online, it must record and maintain books of account to calculate its overall taxable income for income tax return filing.

Outsourcing Accounting for E-Commerce Business ensures that your books of accounts are not only error-free, but also compliant with all applicable laws, regulations, and Taxation Standards.

Hence, you have ease of ITR Filing due to reduced time spent preparing and completing your tax returns at the end of the year. You will also pay less or even zero taxes while ITR Filing.

Assess profit & loss of business
Assess profit & loss of business

The key responsibilities of a business owner is focusing on core business operations, attracting new customers, growing earnings, and making crucial business choices to guarantee that the firm grows and becomes financially viable in the long run.

However, they can’t do this without the right figures of sales, purchase, profitability, gross profit ratio, etc. That can be possible only if you’re maintaining accounts on a regular basis.

Proper accounting for e-commerce business makes it easy to understand the financials, as long as the necessary KPIs are regularly reported.

Claim TCS deducted by E-Commerce
Claim TCS deducted by E-Commerce

Even if GST is already a source of concern for the majority of Indian businessmen, the combination of GST and TCS only serves to further complicate matters for those who sell their items on e-commerce marketplaces like Flipkart, Amazon, Myntra, Meesho, and Paytm Mall.

According to Section 52 of the CGST Act, the e-Commerce aggregators are liable for collecting and submitting 1% GST on each transaction.

In other words, Amazon and other e-commerce platforms deduct TCS at a rate of 1 percent of sales from Sellers while making payout.

Why Outsource Bookkeeping & Accounting for E-Commerce Business?

Save Money

A large amount of cash should be devoted to accomplishing corporate expansion, educating employees and conducting research and development, rather than general and administrative duties. This is logical.

You may save money by outsourcing your E-Commerce accounting instead of burdening a single person or setting up an in-house accounts department with intersecting jobs and obligations.

Have a better management
of Inventory

Inventory is the lifeblood of your ecommerce business if finances are its pulse. Basically, if there is no product, then there is no money.

Some markets, on the other hand, can be restless. For example, The fashion industry, as well as other aspects of popular culture, are always evolving.

Products of most kinds aren't very prone to change. Understanding when to replenish inventory and how rapidly specific goods are selling are two things to keep in mind using Bookkeeping and Accounting for E-Commerce Business.

Gain Access to Accountants who are qualified and experienced

Experienced accountants who are familiar with the typical processes and methods used in the e-commerce industry will assist you. This eliminates the need for a corporate entity to teach or supervise outsourced accounting specialists, since these individuals already possess a breadth of accounting and tax knowledge from which they can give competent guidance.

Access to Financial Data Around the Clock

Outsourcing your accounting needs to a reputable accounting and bookkeeping firm will ensure that you always have access to critical financial data and information. In Accounting for E-Commerce Business, the firms make certain that all of their service users' records and data are updated, reliable, and simple to discover and available online at all times.

The availability of financial information at any time avoids the risk of key company decisions being delayed owing to late submission of accounting records.

Why Choose E-StartupIndia for Accounting of your E-Commerce business?

E-commerce accounting is a specialty of E-StartupIndia professionals, and we've been helping companies like yours for many years. Across India, business owners know they can rely on us to keep their e-commerce operations compliant. It is our responsibility to stay abreast of any new developments in the legislation or accounting standards.

The fact that we are completely online means that we know how to best service our e-commerce clients. Adapting to our clients' specific communication needs, we use the most appropriate communication technology. As a result, we are able to respond to queries and issues in a timely manner. Furthermore, we are aware of and use cutting-edge accounting technologies to enhance our clients' experiences.

Chartered Accountants, Finance Leads, Lawyers, and Company Secretaries are all part of our team of experts. In India, we have dealt with transactions, taxation, and accounting concerns for many years. By streamlining your e-commerce bookkeeping and accounting, we can boost productivity even further. But there's more to it than that. Our accounting and bookkeeping services are industry-specific, and the E-Commerce business is no exception. In addition, we tailor our service to the unique needs of each business owner. Don’t hesitate, Contact Us Now!

PACKAGES

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Bank Reconciliation 

GST Return filing

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Accounting

Sales as per e-commerce report

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Accounting

Sales as per e-commerce report

Bank Reconciliation 

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frequently asked questions

With the aid of a bookkeeper, you can keep track of your company's financial health. Without the assistance of a bookkeeper or accountant, several months' worth of receipts and invoices will need to be handled. That will take time and will be challenging, resulting in damage to your business.

 

Financial statements and books of accounts are mandated by a number of laws in India, and they must be kept in order. Losing money is inevitable when there is no accounting. For example,  Remembering all the times you're meant to get paid might become a significant challenge when the company is going well at a rapid pace.

Bookkeeping is the process of ensuring that all transactions in a business are recorded accurately and keeping track of them. Bookkeeping and accounting go hand in hand. However, there is also a lot of analysis involved in accounting. An accountant's job is to maintain track of all financial transactions and then analyze the information they contain.

Yes, our experts also provide you GST Return Filing and ITR Filing Services. 

 

Accounting for E-Commerce Business Costs may vary on a number of factors. The best way to get an estimation and a special offer tailored for you is to contact our business advisors.

You can't even consider launching a business if you don't have any money. When it comes to getting the best estimate and ideas for where to get the money, a CA is a must-have. Knowing you have a qualified and experienced CA on your team makes sense to us, and we strive to provide that for you. As a result, yes, we do give CA Consultation for E-Commerce Accounting.

We understand your situation and requirements. That’s why even if you have multiple businesses, our professional team of experts can provide you with the best services without you having to worry about anything. 

 

Yes, We do assist with Invoicing. In fact, you can use our InstaBill website  and a mobile app InstaBill - GST Billing, eInvoice & Accounting App to generate Invoices easily and quickly. 

 

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