Accounting support built for ecommerce sellers.

In practice

Online selling breaks bookkeeping in three specific places

The first is the payout. Shopify, Stripe, PayPal, Square, Amazon and eBay all pay a net figure after fees, refunds and sometimes currency conversion. Recording the deposit as income is the single most common error in ecommerce files — it understates both sales and GST, hides the merchant fees that are a real deduction, and makes the numbers impossible to reconcile against the platform's own reports. Each payout needs to be broken back into gross sales, fees, refunds and the amount actually banked.

The second is marketplace GST. For some sales, the platform is treated as responsible for the GST rather than you. That does not mean those sales vanish from your records — they still affect your GST turnover, your BAS disclosure and your reconciliation. Working out which sales fall which way, and recording both consistently, is the difference between a BAS that reconciles and one that does not.

The third is stock. Inventory is not an expense when you buy it; it becomes cost of goods sold when you sell it. A file that expenses every stock purchase shows wild monthly swings and a gross margin that means nothing. For imported stock, GST is generally paid at the border and claimed as a credit, which is a different movement again — and it is where a lot of online sellers quietly lose money they were entitled to recover.