Specialist Amazon and Ecommerce Accountants
Selling on Amazon, eBay, Shopify, or Etsy brings unique accounting challenges — complex fee structures, multi-channel reconciliation, inventory valuation, VAT on marketplace sales, and international selling obligations. At Gro Profit First Accountants, we specialise in ecommerce accounting and understand the nuances that most high-street accountants miss.
Amazon FBA Accounting
Fulfilled by Amazon (FBA) creates specific accounting complexities. Settlement reports don't match bank deposits. Storage fees, advertising costs, referral fees, and refunds all need categorising correctly. We reconcile your Amazon settlements into Xero, track your true cost of goods sold, and ensure your accounts reflect the real profitability of your business — not just top-line revenue.
Multi-Channel Selling
If you sell across Amazon, eBay, Shopify, Etsy, or your own website, you need a single clear picture of your business performance. We consolidate all your sales channels into one set of accounts, track profitability by channel, and help you understand where your best margins are so you can focus your efforts.
VAT for Ecommerce Sellers
VAT is one of the most complex areas for ecommerce businesses. We handle UK VAT registration and returns, flat rate scheme assessments, marketplace VAT obligations, and can advise on EU and international VAT requirements if you're selling across borders. Getting VAT wrong can result in significant penalties — we make sure you stay compliant.
Profit First for Ecommerce
Ecommerce businesses are particularly well-suited to Profit First because revenue can be high while actual profit margins are thin. We implement the Profit First system so you separate real profit from revenue, plan for stock purchases and VAT liabilities, and ensure you're actually keeping money — not just turning it over.