Shopify Accounting and Bookkeeping Services
Shopify gives you control Amazon never will — and with it, 8,000+ apps, a half-dozen payment processors, subscriptions, bundles, and sales channels that each keep their own version of the truth. Someone has to reconcile all of it into financials you can make decisions on. That is the job.
It’s keeping a real time pulse on the financial health of your Shopify business. eCommerce accounting as a whole is relatively new. You don’t measure your success on Shopify on a monthly cadence, yet most CPA firms are zoomed in and solely focussed on the monthly close vs taking a step back to understand your supply chain, COGs, your inventory turns, your marketing channels, and how you track inventory. We zoom out and have the ability to zoom in too! Curious what that looks like in practice? Read about what a Shopify accountant does.
It’s easy for an eCommerce company operating a Shopify Store to end up with financial statements that give an incomplete or inaccurate picture. There are a few reasons why this happens so often:
A single order can settle through Shopify Payments, PayPal, Shop Pay Installments, Klarna, Afterpay, or a gift card — each on its own schedule, each with its own fees, each landing in the bank as a different deposit. Books that treat those deposits as revenue can't explain the gap between what you sold and what you got paid. We reconcile every processor back to orders.
With 8,000+ apps in the ecosystem, your subscription billing, bundles, post-purchase upsells, and loyalty credits each generate their own numbers — and they rarely agree. Someone has to decide what the source of truth is and wire it into the general ledger correctly. That architecture decision is where most Shopify books go wrong, before a single entry is booked.
Most Shopify brands don't only sell on Shopify — there's Amazon, TikTok Shop, maybe wholesale. Each channel has different fees, different settlement timing, and different margins. If your books lump them together, you can't see that one channel is subsidizing another. We build channel-level profitability into the monthly close.
Product cost is only the start — ocean freight, duties, tariffs, and inbound handling can add 20–40% to what a unit really costs you. If those land in a freight expense line instead of inventory, your gross margin is fiction and your inventory balance is wrong at tax time. We capitalize landed costs so COGS reflects reality.
eCommerce business owners want a Shopify accounting firm that gets up to speed fast and delivers financial reports consistently on time.
This is a critical phase that sets the tone for the ongoing relationship. We will get you setup in Karbon, our project management tool, and set up a kickoff call with your new client manager within the first week.
Before anyone comes on board to do accounting with ECOM CPA we identify how you’re going to grade us, and have created an expectations document we both have to sign off on to make sure the relationship works.
To lay a foundation that supports scalable growth, we spend the first quarter understanding your payment processors, banking, debt, supply chain, technology, vendors, and manufacturing processes (if applicable), with a particular focus on nailing down inventory and COGs.
Need us in the books more frequently during peak season…a weekly cash flow statement? Want more meetings initially or when launching new products/sales channels? We offer a tailored approach to meet your specific needs.
We offer accounting plans built for the stage of growth you are in, starting at $1,247/month. Our Basic Accounting with eCommerce bookkeeping is far more advanced than some firms’ Premium Offering and includes:
Here are a few reasons why ECOM CPA may not be the right firm for you:
The two questions we hear most from founders shopping for a firm, answered in plain terms — no call required.
What a generalist firm misses on marketplace settlements, inventory, and multi-state tax — and when a generalist is genuinely fine.
Read the comparison →
Most eCommerce “accounting firms” hand your tax return to a partner firm. Here's what that split costs you.
Read the comparison →
Want it applied to your business? On a free call we’ll grade your current setup against the same criteria and walk you through the results.
Get in touch and learn exactly how we can help simplify your finances.
