Hassle-free
accounting for your e-commerce
We take over your accounting documents and convert them into actionable numbers, tax filings, and reports
Accounting services for e-commerce business. Piece of cake!
Experts who have your back
Processing refunds in US Dollars from your Australian shop with a supplier in China? We’ve done that. Selling via Paypal on BigCommerce and Carousell? Sure! Whatever your case is, someone who knows it inside out will answer in a chat within 24 hours.
Painless accounting
Simply connect your Shopify, Magento or any other platform in 2 minutes. We convert their statements into easy-to-read profits and tax reports. A Chartered Accountant assigned to your company will track filing deadlines, suggest tax exemptions, and prepare reports.
Numbers to help business grow
We consolidate numbers for each SKU, product group, and market, so you can see which item and category bring you the most profit.
Here’s how East river takes the stress out of your accounting
You connect
in one clickConnect your e-commerce platform account to East river in just 2 minutes. We upload all the documents automatically, so no more handwork for you.
We organise
documentsWe go through the documents, organise them, add the correct tax tag to each line, and reconcile them with the bank transactions. It saves your reports from any mistakes.
And file reports
on timeWe make sure you get all the reliefs and exemptions available. You get the reports ready to review and e-sign. We then file them with the authorities ourselves.
Trusted by e-commerce sellers worldwide
89% of customers recommend us
7,500+ clients worldwide
Here’s what our customers say
Accounting plans that match the size of your business
You don’t measure your business by the number of transactions, so neither do we. Our accounting packages are tied to your revenues. Pick a monthly plan to pay a small regular fee or a yearly one and get 2 months free of charge. All our packages come as they are, no extra charges — simple and straightforward
What’s your average monthly turnover?
Consolidated unaudited report, per subsidiary
HK$5,000
Application for Offshore tax exemption
from HK$10,000
Holdover of provisional profits tax application
HK$2,000
Profits Tax Return, (BIR51) filing
HK$1,000
We do reporting & tax filing for multiple e-commerce platforms
Amazon statements have 150+ types of fees and charges. Alibaba sends their financials in its own time frame and fashion. Ebay processes receipts in a different format altogether. We handle them all.
- Xero Platinum Partner
- TC006825
- Certified Public Accountants
- Chartered Secretaries
Q&A
What are the benefits of an e-commerce business?
The rise of the internet has transformed society around us in just a few short decades. And as life rapidly moved online, so retail quickly followed suit. Amazon, once a mere online book store, has turned into a global behemoth. The Alibaba Group now brings in $72 billion per year — only 21 years after being launched in Jack Ma’s humble apartment. It’s safe to say that the e-commerce revolution is well underway.
What is e-commerce accounting?
The definition of e-commerce accounting is reporting about your e-commerce business financials to the government. As an online vendor, you move products in and out, manage stock, and sell to customers in different countries via different channels.
How to do accounting for ecommerce?
There are several things your e-commerce accounting includes:
- Bookkeeping, which lists every transaction. For example, when you accept products to your storage, or sell on Amazon, or have to accept back a pair of shoes on ebay. Bookkeeping keeps track of every money or asset movement, and provides a document covering every such event.
- Management reports, which gather all the sales data and try to make sense of it. For example, how much of each product you sold, what are the costs of operating every channel, and where do you actually make money.
- Tax filing & statutory reports. These depend on where you sell, for each government has a different tax system. Tax reports constitute a very detailed recount of every transaction and the categories they fall under. Depending on the categories, different types of tax are derived. An experienced accountant can also help make sure you get the benefits and exemptions available to your business under each specific tax code.
How do I start an e-commerce business account?
When organising accounting for ecommerce sales you need to make sure that you have all your needs covered.
- All your channels. Do you sell via different platforms? You need a way to consolidate reports from various sources
- All your tax jurisdictions. Do you sell in more than one country? You need to report for VAT everywhere you make money
- No manual paperwork. Processing invoices and receipts is tiresome, and you probably have better ways to spend your time than that.
