Drop shipping – Accounting & Bookkeeping

Drop Shipping

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Drop shipping Services

Shopify Dropshipping

  • Record and reconcile sales from Shopify Payments, PayPal, and Stripe.
  • Track supplier invoices and fulfillment costs for each customer order.
  • Account for shipping fees, transaction charges, and refunds.
  • Maintain accurate Cost of Goods Sold (COGS) reporting for profitability.
  • Record advertising expenses from Facebook, TikTok, and Google Ads.
  • Ensure sales tax/VAT compliance for domestic and international sales.
  • Generate monthly profit and loss reports for product-level analysis.

Amazon FBA (Fulfillment by Amazon)

  • Reconcile Amazon Settlement Reports with bank deposits.
  • Track referral fees, fulfillment charges, storage costs, and penalties.
  • Record inventory purchases and stock movement in fulfillment centers.
  • Account for refunds, chargebacks, and customer returns.
  • Record advertising costs (Amazon PPC) as a separate expense.
  • Maintain compliance with sales tax collection in multiple states/countries.
  • Generate profitability reports by SKU/product line.

WooCommerce Dropshipping

  • Reconcile sales across Stripe, PayPal, and direct bank transfers.
  • Match supplier invoices with customer payments.
  • Track expenses for website hosting, plugins, and maintenance.
  • Maintain multi-currency and VAT/GST adjustments for global sales.
  • Record marketing costs (Google Ads, SEO, social media campaigns).
  • Monitor refunds, disputes, and promotional discounts.
  • Prepare cash flow statements and profitability reports.
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eBay Dropshipping

  • Record listing fees, final value fees, and managed payment charges.
  • Reconcile sales revenue with supplier invoices.
  • Track shipping expenses, packaging, and promotional offers.
  • Maintain accurate records of refunds, chargebacks, and disputes.
  • Record advertising spend on promoted listings.
  • Manage multi-currency accounting for international buyers.
  • Generate monthly sales, profit, and tax compliance reports.
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Website Selling (Custom Online Stores)

  • Record direct sales revenue from Stripe, PayPal, and credit card processors.
  • Track supplier payments and fulfillment costs.
  • Account for transaction fees and gateway charges.
  • Record website hosting, domain, and maintenance expenses.
  • Track marketing and SEO expenses for customer acquisition.
  • Ensure compliance with sales tax, VAT, or GST based on regions.
  • Generate profit and loss reports to measure website performance.

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