Core Services for Ecommerce and Retail Businesses
Services for Ecommerce Retail
Specialist ecommerce accountants scaling your store and margins.
Automated Bookkeeping
Integrating Shopify, Amazon, eBay, or WooCommerce directly with your cloud accounting software to automate daily sales records.
Inventory Management
Tracking stock valuations, cost of goods sold (COGS), and landing costs to give you an accurate picture of your gross margins.
Annual Accounts
Preparation of statutory year-end accounts and Corporation Tax returns optimized for high-volume retail businesses.
Cross-Border VAT & OSS
Navigating complex UK VAT, EU One Stop Shop (OSS), Import One Stop Shop (IOSS), and international sales tax requirements.
Margin & Cash Flow CFO
Regular management accounts analyzing ad spend ROI, platform fees, payment processor fees, and inventory cash flow cycles.
Ecommerce Software Setup
Deploying and configuring specialized apps like Link My Books or Dext Commerce to reconcile multi-currency platform payouts.
How We Help Ecommerce and Retail Businesses
Seamless integration of Shopify, Amazon, and eBay with your accounting software
Accurate tracking of inventory, Cost of Goods Sold (COGS), and landing costs
Expert navigation of cross-border VAT, EU One Stop Shop (OSS), and IOSS rules
Clear cash flow forecasting to manage stock purchasing cycles and ad spend
Frequently Asked Questions
How do we handle VAT on sales to EU customers post-Brexit?
For sales to EU consumers, you can utilize the EU One Stop Shop (OSS) scheme for consignments over €150, or the Import One Stop Shop (IOSS) for consignments under €150, allowing you to declare EU VAT on a single return. We help you register for and manage these complex cross-border VAT schemes.
Why does our Shopify or Amazon payout never match our accounting records?
E-commerce platforms deduct platform fees, advertising costs, refunds, and sales tax before sending payouts to your bank. Recording bank deposits as revenue leads to incorrect accounts. We use tools like Link My Books to break down and reconcile every payout automatically down to the penny.
How should we calculate Cost of Goods Sold (COGS) and inventory value?
COGS should factor in the purchase price of the product plus landing costs (shipping, duties, and packaging). Stock must be valued at the lower of cost and net realisable value at year-end. We set up automated inventory systems to track these values in real time, protecting your gross margins.
At what point do we need to register for VAT in the UK?
You must register for UK VAT if your taxable turnover exceeds £90,000 in a rolling 12-month period. For e-commerce businesses, this includes all sales made to UK consumers. We monitor your rolling turnover proactively to ensure you register on time and avoid late-registration penalties.
How can we manage cash flow when purchasing inventory ahead of peak seasons?
Our e-commerce management accounts provide detailed cash flow forecasts, analyzing your inventory turnover rate and payment processor holdbacks. This gives you the clarity needed to secure inventory funding or adjust ad spend ahead of peak seasons like Q4.
Talk To Us
We are here to make business feel clearer and easier, starting with a simple conversation. Whether you need a new accountant, specialist advice or wider support from the Nuvo team, we would love to hear from you.