If any of these describe your week, you are not alone — and you do not have to keep doing it yourself.
Shopify, Amazon, eBay — each settles at different times, deducts different fees, and reports in different formats. Your bank balance never matches your dashboard.
Cost of goods changes with every order from your supplier. FX rates shift. Shipping costs vary. Your "margin" is an average of averages.
Selling to Australian customers? GST applies. Selling from an overseas warehouse? Different rules. Marketplace facilitator provisions? Another set of rules. It is a maze.
Every item below is done by our team and reviewed by your CPA. You do not touch any of it.
Every platform is reconciled. Every product has a real cost. Your BAS is correct across all channels. And you know which products and platforms actually make money.
“I was flying blind. Now I have a quarterly report I actually read and act on. That has never happened before.”
— Online retailer, Sydney
Yes. Amazon Australia is a marketplace facilitator and generally collects and remits GST on your behalf for sales to Australian consumers. However, you still need to account for this correctly in your BAS — the gross sale, the GST component, and the Amazon settlement are three different numbers.
The ATO requires inventory to be valued at cost, market selling value, or replacement value — whichever is lowest. For e-commerce with imported goods, "cost" includes purchase price, shipping, customs duty, and insurance. We build the valuation schedule.
Shipping costs to customers are a cost of sale — deductible in the year incurred. Shipping costs for inbound inventory are part of inventory cost and deducted when the goods are sold. We track both separately.