Accounting for e-commerce & trading
Marketplace payouts net of fees, import VAT, inventory across warehouses, COD reconciliations — trading businesses generate more reconciliation work per dirham than any other sector. Exactly our kind of work.
E-commerce issues we handle
- Amazon and Noon settlement reconciliations — gross sales vs net payouts
- Import VAT and customs deferment through the reverse charge
- Inventory valuation and shrinkage across warehouses and 3PLs
- Cash-on-delivery collections reconciled to courier statements
- Multi-currency purchases and realistic landed-cost tracking
- Returns and refunds hitting the right period and the right VAT box
Gross sales, not net payouts
The most common e-commerce error is booking marketplace payouts as revenue. Your sales are the gross customer transactions; fees, commissions and refunds are separate lines — and VAT is due on the gross. We rebuild the ledger from settlement reports so revenue, fees and VAT each land where they belong.
On the cost side, landed cost matters: product, freight, customs and import VAT treated correctly turn 'gut feel' margins into real ones, SKU by SKU where the data allows.
FAQs
How is VAT handled on imports?
Registered importers typically account for import VAT through the reverse charge on their return rather than paying at the border — cash-flow friendly, but the boxes must be completed correctly or the return misstates.
Do you reconcile Amazon and Noon statements?
Yes — settlement-by-settlement. Gross sales, commissions, fulfilment fees, refunds and reserves each posted separately, and the net tied to the actual bank receipt.
How should COD sales be controlled?
Courier remittance reports reconciled to dispatched orders monthly. Unremitted COD is where trading businesses quietly lose money — it should sit visibly as a receivable, chased like one.
Can you track profitability per product?
Where your platform exports order-level data, yes — we build margin views by SKU or category, including marketplace fees and true landed cost.
Run the numbers with people who know your industry
Free consultation. Bring your latest P&L — or your shoebox of invoices. Both are fine.