With so many people turning to online shopping throughout the pandemic, the trend of starting e-commerce businesses has accelerated hugely – and is here to stay. Whether you’re a new start-up business selling through Amazon or an existing company who has expanded their sales to include an on-line element, no doubt Amazon is one of your sales platforms of choice.
There can be a lot to learn and juggle, whether you are selling through Amazon central or using Amazon FBA (Fulfilment by Amazon). Whatever your choice of fulfilment place and process, why not take the heat off when it comes to Amazon FBA accounting? Kirkwood Wilson are experienced in working with small businesses who sell through e-commerce platforms, so if you are looking specifically for someone who can help with accounting for Amazon sellers, then you’ve come to the right place. Find out more about what it means to use experienced Amazon accountants and how we can help you.
How does accounting for Amazon sellers differ from standard accounting?
If you want to make the most of your potential consumer market, you are likely to be selling into Europe as well as the UK. Whether shipping from here or holding stock and fulfilling directly from elsewhere in Europe, it can be difficult to keep track of the VAT requirements across each separate country.
amazon accountantsAs an Amazon seller, you are responsible for ensuring that you are VAT compliant, but if this sends you into a cold sweat, no need to panic; as experienced Amazon accountants we will help you with this aspect of your business and make sure that your Amazon FBA accounting is fully compliant with EU law and that your tax returns are always accurate.
What support do we offer around accounting for Amazon sellers?
If you’re looking for Amazon FBA accounting support, we know that you’ve already handed over your stock to a third party; whilst this takes the hassle out of despatch and offers your customers a faster, cheaper delivery, it can be daunting to know that your personal touch and direct control over service levels have been removed.
However, this doesn’t mean that Amazon FBA accounting has to be nerve wracking too – we will guide you through every step. The existing requirement to move to digital accounting means that many people are already looking for cloud-based accounting software; if you are also selling through Amazon, accountancy packages such as Xero are a perfect solution.
Xero has full functionality to integrate directly with Amazon central so that accounting for Amazon sellers could not be easier. As Xero Gold Partners, Kirkwood Wilson will guide you through the Amazon FBA accounting set-up so that you have a seamless transition.
The benefits for Amazon sellers accounting through Xero include:
- Simple reconciliation of Amazon FBA transactions into Xero
- Synchronisation of your inventory between Amazon and Xero so that you are always on top of your stock levels
- Cash flow management through direct integration between Xero and Amazon Central
- Full control of your finances across Amazon as well as Etsy and eBay
Why choose Kirkwood Wilson to be your Amazon accountants?
The team here at Kirkwood Wilson love working with innovative business start-ups and on-line sellers who want to capture the market whilst it is primed for online sales.
If you would like to see how we have helped similar businesses with their Amazon FBA accounting, why not check out our case study on MAD Fashions who we helped to successfully integrate Xero with Amazon and PayPal as well as their cloud-based stock system.
If you’re thinking of taking the plunge, or are already there and would like some support from someone who understands accounting for Amazon sellers, then don’t hesitate to get in touch on 01704 546 000 or email enquiries@kirkwoodwilson.co.uk.
